With the ever-increasing population, pollution and property rates in the Chennai metropolitan area, prospective home buyers are today looking for greener pastures. And this has led to the rise of many micro townships in the neighbouring areas. The suburbs of Chennai have got a facelift through many residential mega projects as well as government initiatives. One of the most promising real estate areas in the suburbs of Chennai lies along the OMR. Many localities in this area have become hotspots for property investment. You might already know about Tambaran (East and West) and Kelambakkam, but today we are going to talk about a new locality that is emerging at a quick pace. We would be taking a look at the highlights of Pudupakkam properties (and lavish ones at that). But before we proceed, let us tell you a bit about Pudupakkam.
Like most other localities lying in the vicinity of OMR, Pudupakkam was just another sleepy area sitting on the suburbs of Chennai. But Pudupakkam gained the limelight soon after the SIPCOT and other IT parks started their operations. These IT parks drew IT professionals and business owners from many parts of the country. Pudupakkam offered these new settlers good living spaces. But why you should buy a residential villa in Pudupakkam and no other place in Chennai? That is what we would answer next.
REASONS TO BUY VILLAS IN PUDUPAKKAM
#1. AFFORDABILITY FACTOR
Property purchase is a huge decision and there is a lot of money at stake. Apart from the upfront costs associated with a property purchase, there are many other costs that a homeowner has to pay before a property is completed. It is applicable if you are going for a villa. When it is under construction, it is better to customize as it involves huge sum of money. This is why homeowners (with an eye for luxury) want to balance two ends. They want a lavish villa but also want it at an affordable cost. Well, if you take a look through the residential villas at Pudupakkam, you can achieve the best of both worlds. The cost of villas in Pudupakkam starts from INR 95 lacs and can go as high as INR 3 crore. In regards to the rate comparisons with Chennai this could be at least INR 30-40 lac less!
#2. INGREDIENTS FOR A DREAM HOME
Yes, Pudupakkam might not be as vibrant as Chennai metropolitan area but it is ideal for living. As mentioned before, the pollution and noise levels are quite low in Pudupakkam. With a scarce population and plenty of greenery, Pudupakkam is the perfect place to own a dream home. Homes here would refresh the busy going professionals from their hectic day at work.
#3. COMMUTATION FROM WORK
Pudupakkam properties are popular among the It professionals plying their trade at the IT park in Siruseri. Siruseri is only a short drive away from the residential areas of Pudupakkam. Whether you take the OMR or GST to commute to work, you can reach the workspaces within no time at all. This will save you a lot of energy, money and gift you precious time to spend with your family.
#4. QUALITY OF LIFE
It is also essential to analyze the quality of life that a residential villa in Pudupakkam offers. Well, recently there has been many developments in this locality. Global Hospitals, Chettinadu Health City and Tagore Medical College Hospital supports the health needs of the residents. There are other nursing homes that might be visited during a medical emergency. There are some reputed schools in the locality and even the VIT Chennai University has come up to support the educational needs of the dwellers. Vivira Mall has become a must visit shopping destination in the locality. There are many other facilities that would help you lead a good life in Pudupakkam.
#5. GET TO CUSTOMIZE YOUR PROPERTY
There are times when you need to customize your property. In such scenarios, the project in their construction phase does fit your bill. This is where luxury villas match the needs of modern day home buyers as he would be able to customize his property according to his preference. He would also want to get the best returns from the huge sum of money that he is investing in buying a luxurious villa in Pudupakkam. So customizing your dream villa property is a great idea as it allows you to maximize the housing space to accommodate your family members. This gives a good return for money.
#6. AMENITIES IN PROPERTIES
One thing remains constant with the villas in Pudupakkam; they are very spacious. Apart from the space, they offer great views of the green surroundings. Coming with good garden area, these would win your heart over with their looks. You would definitely want to flaunt your property to the guests.
#7. POSITIVE PROPERTY TRENDS
In the last 3 years, the property prices in Pudupakkam have escalated at a rate of 2-3%. And this growth has remained stable. Going by the real estate figures of 2018, Pudupakkam properties are selling faster than they ever did and residential villas are one of the most sold property types. It seems Pudupakkam and Thiruporur have become ideal localities to own luxurious properties near Chennai. So, the property prices in this area will not go down anytime soon, they would definitely keep on escalating.
#8. RESALE DEMAND
Phase-II of the IT corridor, along OMR, is presently being built. Once the project is complete, it will create thousands of new employment opportunities. So, the demand for properties will not die down in the coming years. As it is the resale rates of villas in Chennai area remain quite high. There is always a good demand for such property and it is not difficult to find a good client for your villa sale.
#9. RENTAL SCOPES
Now, coming to renting your property. Rental demands in Pudupakkam have always been high. While 2-3 BHK apartments remain high on the rental radar, villas are also much liked by the management employees from those reputed IT companies.
#10. A BRIGHT FUTURE
Just like most other localities along the OMR, Pudupakkam is also at a developmental stage. And already there is such a high demand for the properties here. You can well imagine the real estate market that would exist in the coming years. So, investing in Pudupakkam property today opens up great profit making scopes for the future years.
So, are you looking for a residential villa in Pudupakkam? Well, there are many great projects you can look through.
