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Old February 15 2011, 12:05 AM   #1
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Default Fastest growing area of Chennai

I plan to invest in residential land in chennai and would like to hear views on which area is fastest growing and will give good returns over a long term(10-15 yrs). I am confused between
1) OMR
2) Chengalpattu close to Mahindra City
3) Sriperumpudur- Oragadam area
4) North Chennai

I am evaluating North Chennai as an option as prices are more reasonable there compared to other boom areas.

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Old February 15 2011, 02:18 AM   #2
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Quote:
Originally Posted by balaji76 View Post
I plan to invest in residential land in chennai and would like to hear views on which area is fastest growing and will give good returns over a long term(10-15 yrs). I am confused between
1) OMR
2) Chengalpattu close to Mahindra City
3) Sriperumpudur- Oragadam area
4) North Chennai

I am evaluating North Chennai as an option as prices are more reasonable there compared to other boom areas.

I think its no 3. Sriperumpudur- Oragadam area
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Old February 15 2011, 08:06 AM   #3
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My vote is for OMR
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Old February 15 2011, 02:10 PM   #4
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OMR without doubt, will lead in the social infra development ahead of others
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Old February 15 2011, 04:05 PM   #5
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OMR is a safe bet. My next vote is for North Chennai - this is a locality slowly but definitely changing - its within city limits with essential infra in place and access to business areas and Rly/Road transport facilities. It will take sometime but will not lag behind in appreciation compared to other areas in the next 5-10 years.
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Old February 15 2011, 08:38 PM   #6
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I have different opinion on this issue. I feel GST road is one of the fastest growing area that is from tambaram to chengelpet. North chennai definitely yes after GST.

warm regards
ganesan
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Old February 15 2011, 09:03 PM   #7
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In my opinion

OMR and GST wil lead the way to higher prices. There are huge investments by corporates in both these locations and will be there for the next 10 years and beyond. OMR will develop faster as the huge complexes will complete over the 2-3 years. By 2015 these areas would be prime and one would only wonder how these areas looked in 2010
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Old February 15 2011, 10:06 PM   #8
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In next 10 to 15 yrs more or less all the mentioned areas would give good returns , who knows what happns next year
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Old April 15 2012, 05:13 PM   #9
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Default Land in chennai

My mom wants to buy a land in or around chennai. Can u suggest any good place where we can buy a new land? I need as a land to built the dreamhome not as the plot.

rate below 20 lakhs.
jayaramc likes this.
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Old April 15 2012, 05:49 PM   #10
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Hi Venkateshgoku,
If you are willing to travel 3 or 4 kms from railway station, then GST road has plenty of opportunities, in Vandalur, Urapakkam, Guduvanchery and Maraimalai nagar.
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