Realty market trends in Potheri

Driven largely by working professionals and students, Potheri seems to turn out into a developing rental hub on the GST Road. Many students that move to Chennai for their studies choose to rent 1BHK apartments in Potheri along with a group of friends, eventually enjoying a comfortable stay at an affordable price. These apartments in Potheri offer so much more amenities and facilities compared to hostels. Besides, professionals working in the IT companies along the GST Road choose to buy apartments here in Potheri as well. On the whole, this area has become a favourable residential settlement locality in Chennai.

Growth of real estate in Potheri

Many gated communities have propped in Potheri. These are located very near important places like department stores, clinics, schools, colleges, restaurants and banks. Moreover, there is good connectivity from Potheri to the city centre via local trains and buses.

Potheri has witnessed a quick surge in terms of residential developments in the past few years. There is massive industrial development taking place between Oragadam and Sriperumbudur and a lot of factories are being set up. Those working in these factories choose to stay near their workplace instead of commuting to and from the city. So, it is considered as a wise thought to buy a Potheri 1 BHK apartment that is spacious and fulfils the needs of a joint family or a group of colleagues or students.

Investors and buyers

Potheri sees a range of investors. Though there are some first-time buyers, it is the second home buyers that dominate the market. Real estate market in Potheri enjoys a healthy rental trend. It is mainly because of the presence of educational institutes and Mahindra Tech City nearby. Investors and second home buyers buy property in Potheri so as to make a stable rental income.

Cost per square feet of apartments in Potheri range between Rs. 3000 and Rs. 5000, which is certainly very much less than the other developing areas of Chennai. While Potheri is now seeing a gradual growth in real estate, its real estate sector is believed to grow exponentially in a couple of years.