Chennai realty updates for 2018
India is showing an
escalation in the real estate sector in the past couple of years. The real
estate sector in India is the second contributing domain, and is among the
rapid growing sectors in the Indian economy. All along the real estate was a
profitable investment option and the new rules devised by the government have
further enforced this sector. As a result now, Chennai is reaping benefits from
this domain. The residential sector is flourishing due to enhanced investments
from all ages of people along with increase in their incomes. With the main areas of the city becoming
congested with proliferating housing complexes, the investors are now being
drawn towards the suburbs of Chennai.
Mangadu is one such upcoming
suburb of Chennai, located in Kanchipuram district. This area is endowed with
many amenities for being translated into a profitable housing destination. As a
result, this area is seeing a growth in the residential sector and a house in Mangadu is considered to be
lucrative from the point of view of investment.
The Eminent Features of Mangadu for Attracting Real Estate
Players:
· Connectivity: It is well connected by
buses and trains to Porur, Poonamallee, Pallavaram and Kundrathur.
· Educational Institutions: It is home to many
renowned schools , colleges like St.
Mary’s High school, Sri Muthukumaran College of Education, Sri Muthukumaran
Medical College, Sri Muthukumaran Arts And Science College, Sri Muthukumaran
Institute Of Technology, Mangadu Public school are some of the reckoned colleges
here.
· Prime Location: It houses many ATMs and
banks like State Bank of India, Bank of Baroda, HDFC Bank, ICICI bank etc.;
supermarkets like Evergreen, Nilgiris, Jey NSK and Thirukumaran supermarkets,
hospitals such as Government Primary Health Centre and many clinics. Apart from
these, Sri Bhagavathi theatre and Malliga theatre affords recreation to the
inhabitants of this area. Above all, Mangadu is famous for the Kamakshi temple
which makes it a good recreational place.
Thus the advancement of
the real estate sector in Mangadu is due to the conflux of an array of factors
like abundant water supply, superb infrastructure, and growth of the IT sector,
presence of eminent educational institutions and a decent milieu. As a result Mangadu house and apartments are
turning out to be the best option for residential and investment purposes.
