The real estate market in Chennai has always been a promising avenue for investors. However, as the city becomes more congested and land prices continue to rise, many savvy investors are turning their attention towards the outskirts, particularly along GST Road after Chengalpattu. If you’re looking for a lucrative investment opportunity, here’s why you should consider buying plots in this emerging hotspot.
1. Affordability with High Appreciation Potential
Land prices within Chennai have skyrocketed, making it difficult for many investors to enter the market. On the other hand, areas beyond Chengalpattu along GST Road still offer plots at relatively affordable rates. With rapid infrastructure development and increasing demand, property values in this region are expected to appreciate significantly in the coming years.
Comparison of Land Price Growth
- 1985-2000: Land prices in key suburban areas like Guduvanchery and Chengalpattu increased up to 500 times.
- 2015: Prices grew 100-200 times compared to 2000.
- 2030 (Projected): The expected appreciation is 6-10 times compared to 2015.
- Example: A plot that cost ₹50,000 in 1985 is now valued at over ₹5 crore.
2. Connectivity and Infrastructure Growth
GST Road (Grand Southern Trunk Road) is one of the most well-connected highways in Tamil Nadu, linking Chennai with major southern cities. This stretch after Chengalpattu is witnessing exponential growth in terms of infrastructure, with developments such as:
- Expansion of highways and flyovers
- Upcoming metro and suburban rail extensions
- Proposed industrial and IT hubs
- Better road networks improving accessibility to Chennai and other parts of Tamil Nadu
3. Proximity to Industrial and IT Hubs
With key industrial corridors, IT parks, and logistics hubs coming up in and around Chengalpattu, the demand for residential and commercial plots is steadily increasing. The presence of companies and manufacturing units in Mahindra World City, Oragadam, and Sriperumbudur further boosts job opportunities, leading to greater housing demand.
4. Growing Social Infrastructure
Educational institutions, healthcare centers, shopping complexes, and entertainment hubs are rapidly being established in this region. Renowned schools, colleges, and hospitals are setting up their branches, making it a sought-after location for families looking to move away from the city’s hustle and bustle.
5. Excellent Transport Facilities
The area is well-served by multiple transport options, making commuting easier for residents and investors. Key features include:
- Well-connected bus routes linking to Chennai and other major cities
- Suburban railway network with frequent trains to Chennai
- Upcoming metro expansion plans for better accessibility
- Proximity to Chennai International Airport, enhancing connectivity for frequent travelers and business professionals
6. Educational Facilities and Healthcare Centers
The presence of top-tier educational institutions makes this region ideal for families. Some key educational hubs include:
- SRM University, Chengalpattu Government Medical College, and several reputed engineering colleges
- Leading CBSE and international schools catering to quality education needs
- Well-equipped hospitals and healthcare centers, ensuring advanced medical care and emergency services
7. Government Initiatives and Development Plans
The Tamil Nadu government has announced various initiatives to enhance infrastructure and promote real estate growth along GST Road. Smart city projects, industrial corridors, and logistic parks are being developed, making this corridor a future economic hub. Some major government announcements include:
- Tambaram-Chengalpattu Elevated Corridor: A 27-kilometer elevated expressway to ease traffic congestion and improve connectivity.
- Chengalpattu-Tindivanam Road Expansion: Plans to upgrade the stretch to an 8-lane highway to enhance vehicular movement.
- New Green Lane from Karunguzhi to Poonchery: A 32-kilometer alternative route to divert traffic and ease congestion.
- Margazhi Nagar Development: A new plotted development with modern infrastructure and layout highlights, ensuring value appreciation.
8. Rental and Resale Potential
As more people shift towards suburban areas for better living conditions, rental demand is rising. Investors can expect good rental income by building homes or commercial spaces. Additionally, resale value is bound to increase as more people recognize the potential of this region.
9. Peaceful Living with Modern Amenities
Unlike the crowded localities of Chennai, areas after Chengalpattu offer a peaceful and greener environment. With spacious layouts and modern amenities being developed, this region is ideal for those looking to build their dream home or a weekend retreat.
Conclusion
Investing in plots beyond Chengalpattu along GST Road is a smart move for both short-term and long-term investors. With affordability, infrastructure growth, industrial expansion, and government initiatives fueling rapid development, this region is set to become one of the most sought-after real estate destinations near Chennai. If you are considering an investment, now is the right time to secure a prime plot before prices surge further.
For expert guidance and the best property deals in this region, feel free to visit Varahi Prime Properties. SSLF City and Housing, an ISO 2015 certified and RERA-approved company, will help you find the perfect investment opportunity tailored to your needs.
