Chennai city is one of the Metropolitan cities and a promising investment zone. The presence of many of the world’s leading IT companies and their growth is great in this city.
The good number of health care centers, educational institutions, entertainment zones, and all types of Industries increases tremendous business development opportunities.
The city enjoys global lifestyles with all the modern-day conveniences and recently underwent major developmental changes, especially in terms of infrastructure.
The supreme strong connectivity to other cities and good growth over the past few years enhances a lot of commutation in Chennai. The improved socio-economic conditions increase the number of plots in the city.
- The Return On Investment (ROI) is highly appreciable for all types of businesses.
- The investor invests his precious money in plots and expects his current and future needs to be fulfilled. The best investment is the investment in plots.
- The financial position, amount of savings, and available bank loan facilities decide one’s selection of the plots in the city.
- The square feet rates will be high for the premium plots. The returns on investment will be tremendous.
Superior connectivity and excellent infrastructure promise high-value appreciation for the plots in the city.
The connectivity to all the areas within city and national highways is good. There are proper roads and with all types of Transport, facilities are available.
The suburban railway stations and the Metro railway network enhance the comfortable approach for High Return on Investment (ROI) in Plots for sale in Chennai.
STRATEGIC LOCATION OF THE CITY:
Enhances mobility and accessibility to all the important places in the city. Particularly to the educational institutions, offices, IT parks, hospitals, marriage halls, clubs, malls, and all kinds of need-satisfying shops and bazaars.
- HUB NATURE OF THE CITY – The hub nature of the city improves our time management and hassle-free movement.
- DISTANCE FACTOR – The distance of the plots from the main road and main junctions in city are favorable.
- SCOPE OF GROWTH – The State, Central government sectors, and Private sector’s new projects are growing steadily in the city. The scope of growth is tremendous.
Some plot areas are surrounded by plenty of IT parks and Industrial Hubs. The scope of growth of these areas will be tremendous. The investment in these areas will get rapid land value appreciation in the future.
CHECKLIST TO UNDERSTAND BEFORE INVESTMENT:
- The reputed and reliable builders in the city understands clearly one’s specific needs, location preferences for the plots. They make the dream come true. It is an added advantage for the sale of plots in Chennai.
- The credibility of builders and developers in Chennai can be verified by referring to their past and current projects in Chennai. This will help us to clarify our queries and get references.
- The builder brings out innovation, sustainability, and property to the real estate industry.
- A professional quality developer and builder agency in Chenna will do clear documentation. They always have proper focus, and a forecast on location, current facilities. They clearly update the details of upcoming facilities.
- Proper CMDA and DTCP approvals can be checked. The perfection in legal documentation and proper registration with Tamilnadu Real Estate Regulation Authority can be clearly checked with the help of a builder.
Where we buy the plots in Chennai depends on what one wants to do with the property. Constructing a home for personal use – Chennai has many good residential areas. Make sure that the plot is located in a residential area that supports comfortable living.
Construction for Commercial purpose – Chennai has many areas with already established business hubs and also emerging locations that promise future developments. Those areas are good for investment.
The combined purpose of both Residential and Commercial – Some areas in Chennai are best with corner plots that will satisfy both purposes.
Investing with resale plans – Some places and Plots in Chennai are favorite destinations for investors who look forward to making a high profit.
SIZE OF LAND:
- The following checks are very important before making an investment in plots in Chennai.
- The Floor Space Index ( FSI ) is an important factor. It actually shows how much % of the total square feet area of the plot should be used for the construction purpose.
- FSI differs from state to state. The range is .8FSI – 2FSI in Chennai.
- Additional 30 % Premium FSI, 40% Premium FSI are possible in Chennai. If the connecting road to the plot is of size from 30 feet to 40 feet, then 30% extra square feet can be used.
- If the connecting road to the plot is of size from 40 feet to 60 feet, then 40% extra square feet can be used.
- The actual square feet offered should match with the FSI of the plot. It is very important that we can use only the FSI value of the plot for construction purposes.
- Sometimes people want to invest in plots and resale after some time. Then the plots should be of a minimum of 900 square feet in Chennai.
- The small sizes will not get much attraction and demand. The struggle is high to resale small plots of sizes from 500 – 800 square feet in Chennai.
- The physical verification of the correct size of length and breadth of the plot is very important. Ask the concerned people to do the measurements in our presence.
- It is very important in Chennai. As an investor, one has every right to check and verify the plots in Chennai to avoid the problems in future.
SIZE OF THE ROAD:
The size of the connecting road from the plot has an impact on the value of the plots in Chennai.
If it is:
- 40 feet road – best
- 30 feet road – better
- 25 feet road – good
The prominent presence of 40 feet roads at many places in Chennai makes it the best place for investment
READY TO BUILD PLOTS:
- A plot with proper connections for metro water supply, electricity, drainage is called ready to build plots in Chennai.
- These types of plots in Chennai are most preferred for investment.
- The resaleable value for these types of plots in Chennai is highly appreciable. One can avoid the waiting period for these connections.
PEACE OF MIND:
- The following five factors are considered the most important factors for the investment in plots in Chennai.
- The availability of eco-friendly environments in nature.
- The availability of noise pollution-free sites.
- The possibility for a healthy lifestyle with all kinds of basic amenities.
- The accessibility to religion centers on all types of religious people.
- The availability of Traffic congestion-free areas.
The demand for plots in Chennai has increased as there is a speedy growth with excellent connectivity and infrastructure.
The IT companies plan for expansion and future investments. This leads to a tremendous increase in the number of plots in Chennai. And the investments in Chennai.
The tremendous business developments with a high level of job opportunities have lured many to look for investment in Chennai.
Namma family Builder and Developer Pvt Ltd offers residential and commercial plots for the best investment in Chennai. The plots are surrounded by all the high-class facilities that one needs and desires.