Are you looking to invest in Chennai? An Integrated Township may well be a good option If you are one of those buyers who keeps an eye open for new supply of housing options in Chennai, Integrated Townships in the outskirts could well be a good option to look into. Check out homes in your…
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Property Management for your Rental Properties, Letting out for rent in Chennai Coimbatore India
Property Management for your Rental Properties, Letting out for rent in Chennai Coimbatore India
Property Management for your Rental Properties, Letting out for rent in Chennai Coimbatore India
Chennaiites are cost conscious and quite frankly proud of it. This is why they opt for under-construction property as they are more affordable. But what the prospective buyer also needs to be aware of is that it comes with the disadvantage of restricted tax deduction claims. In the recent Union Budget, tax exemption on both…
Read MoreIn Chennai Ever wanted to boast of a luxury address on your business card but find it unaffordable? Well, Magicbricks brings you property options in addresses close to premium areas, but at economical prices… Near Poes Garden Poes Garden is recognised as one of the most affluent residential addresses across India, as it is home…
Read MoreAre you working in Velachery and unable to afford to buy property in the locality? Thoraipakkam, the neighbouring locality, may fit your pocket. Located in South Chennai along the IT Expressway, it is about 7 km away (15-20 minutes drive) from Velachery and offers comparatively affordable property prices.
According to Magicbricks data, the average capital value for an apartment varies from Rs 4,600-7,000 per sq ft, whereas, in Velachery the values are Rs 6,700-7,500 per sq ft. Since it is located on the IT Expressway, majority of the demand is from the IT professionals working in Velachery. This has also pushed up the rental market here.
The data shows that one can find a 2BHK unit at a monthly rent of Rs 15,000, while a 3BHK with semi-furnished features, is available between Rs 20,000-30,000 per month.
Thoraipakkam is one of the preferred residential locations in Chennai today. This was evident on Open House – a discussion forum by Magicbricks, where users posted queries asking for investment potential of the area. Apart from affordability, Magicbricks brings few more reasons for why you should invest here.
Infrastructure and connectivity
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