Best Place to Buy Plots in Chennai

Introduction

Are you on the hunt for the best place to buy plots in Chennai? You’re not alone. As one of India’s fastest-growing metropolitan areas, Chennai offers a wealth of opportunities for real estate investors and homebuyers alike. This comprehensive guide will help you navigate the exciting world of Chennai’s real estate market, focusing on the most promising areas for plot investments.

Why Invest in Chennai Real Estate?

Before we dive into the specifics of where to buy, let’s consider why Chennai is such an attractive option for property investors:

1. Rapid Development: Chennai is experiencing unprecedented growth, with new infrastructure projects constantly in the works.
2. Appreciating Value: Land in Chennai has shown consistent appreciation over time, making it a potentially lucrative investment.
3. Economic Hub: The city’s thriving IT sector and diverse economy create a strong demand for housing and commercial spaces.
4. Infrastructure Improvements: Ongoing and planned infrastructure projects, including metro expansions and road developments, are set to boost property values.
5. Educational Center: Chennai is home to numerous prestigious educational institutions, attracting students and professionals from across India.

Top 6 Areas to Consider When Looking for the Best Place to Buy Plots in Chennai

1. Old Mahabalipuram Road (OMR)

OMR has emerged as one of the best places to buy plots in Chennai over the past decade. Here’s why:

• IT Hub: Numerous IT parks make it a hotspot for professionals.
• Strong Rental Market: High demand for rental properties ensures good returns.
• Connectivity: Well-connected to other parts of the city.
• Amenities: Proximity to educational institutions, healthcare facilities, and entertainment venues.

OMR’s rapid development has transformed it into a self-contained micro-city. With the presence of major IT companies like Wipro, Infosys, and TCS, the area has seen a significant influx of young professionals. This demographic shift has led to increased demand for both residential and commercial properties, making OMR an attractive option for those seeking the best place to buy plots in Chennai.

Notable Projects in OMR:

• AVM Garden by JVP Housing
• Property Type: Plots in OMR, Chennai
• Unit Sizes: 1200 Sq.Ft
• Price Range: Starting from 32 Lakhs
• Adityaram Signature City Phase 2 by Adityaram Properties (P) Ltd
• Property Type: Plots in ECR, Chennai
• Unit Sizes: 600 – 4800 Sq.Ft
• Price Range: 15 L – 1.2 Cr

Investing in OMR plots offers the potential for significant returns as the area continues to develop. The ongoing expansion of IT parks and the proposed extension of the Chennai Metro to OMR are expected to further boost property values in the coming years.

2. East Coast Road (ECR)

ECR is another contender for the best place to buy plots in Chennai, offering a unique blend of natural beauty and urban amenities:

• Scenic Beauty: Stunning beaches and sea views.
• Tourist Attraction: Popular destination, potentially boosting property values.
• Proximity to OMR: Close to the IT corridor, adding to its appeal.
• Lifestyle Options: Abundance of entertainment, shopping, and dining options.

ECR’s charm lies in its ability to offer a serene coastal lifestyle while still being within reach of the city’s business hubs. The road itself is a major infrastructure project, providing smooth connectivity to Chennai city and beyond. This combination of natural beauty and accessibility makes ECR an attractive option for those looking for the best place to buy plots in Chennai, especially for luxury or vacation homes.

Notable Projects in ECR:

• Adityaram Nagar Phase 5 by Adityaram Properties (P) Ltd
• Property Type: Plots in ECR, Chennai
• Unit Sizes: 2400 – 4800 Sq.Ft
• Price Range: 1.34 Cr – 2.69 Cr
• Ocean Front by Pearl Beach Promoters
• Property Type: Plots in ECR, Chennai
• Unit Sizes: 1422 – 3814 Sq.Ft
• Price Range: 28.3 L – 75.9 L
• Bora Hidden Bay by Bora Housing Limited
• Property Type: Plots in ECR, Chennai
• Unit Sizes: 1496 – 10,000 Sq.Ft
• Price Range: 14.94 L – 99.9 L

The diverse range of plot sizes and prices in ECR projects caters to various investment budgets, making it a versatile choice for those seeking the best place to buy plots in Chennai.

3. Tambaram

Tambaram is rapidly gaining popularity as one of the best places to buy plots in Chennai, particularly for those seeking a balance between affordability and connectivity:

• Airport Proximity: Close to Chennai International Airport.
• Good Infrastructure: Well-developed area with essential amenities.
• Educational Hub: Home to several reputed schools and colleges.
• Connectivity: Excellent transport links to other parts of the city.

Tambaram’s strategic location makes it an ideal choice for those working in the southern parts of Chennai or frequently traveling out of the city. The area’s established infrastructure and relatively affordable property prices make it an attractive option for first-time homebuyers and investors looking for steady appreciation.

Notable Projects in Tambaram:

• VR Garden by Real India Housing
• Property Type: Plots in Tambaram, Chennai
• Unit Sizes: 903 – 2000 Sq.Ft
• Price Range: 39.73 L – 1.01 Cr
• Sri Krishna Nagar by Thirumal Housing and Properties
• Property Type: Plots in Tambaram, Chennai
• Unit Sizes: 600 – 1542 Sq.Ft
• Price Range: 6.6 L – 16.96 L
• Premier MRP Green Garden by Premier Housing and Properties
• Property Type: Plots in Tambaram, Chennai
• Unit Sizes: 1000 – 3000 Sq.Ft
• Price Range: 15.95 L – 47.85 L

The variety of plot sizes and price points in Tambaram makes it one of the best places to buy plots in Chennai for a wide range of budgets and requirements.

4. Porur

Porur is emerging as a strong contender for the best place to buy plots in Chennai, especially for those interested in the IT sector:

• Future IT Hub: Touted as the next major IT center after OMR.
• Natural Beauty: The Porur lake adds to the area’s charm.
• High Demand: Growing interest from IT professionals seeking nearby housing.
• Connectivity: Located at the intersection of four major highways.

Porur’s strategic location at the intersection of Mount-Poonamallee Road, Arcot Road, Mumbai Highway, and Inner Ring Road makes it highly accessible. This connectivity, combined with its proximity to established areas like Guindy and upcoming IT hubs, positions Porur as one of the best places to buy plots in Chennai for long-term investment.

The presence of the Porur Lake not only adds to the aesthetic appeal of the area but also ensures a more stable water table, which is a significant advantage in a city that has faced water scarcity issues. This natural resource adds value to properties in the vicinity, making Porur an attractive option for environmentally conscious investors.

While specific plot projects in Porur are not listed, the area has seen a surge in residential developments, indicating a growing real estate market. Investors looking for the best place to buy plots in Chennai should keep an eye on upcoming projects in this promising locality.

5. Avadi

Avadi offers a unique proposition for those looking for the best place to buy plots in Chennai, particularly if you’re interested in a more suburban feel:

• Industrial Hub: Home to several important factories and establishments.
• Green Spaces: Abundant trees and small parks provide a refreshing environment.
• Affordable Living: Lower cost of living compared to more central areas.
• Job Opportunities: Proximity to various industries offers employment prospects.

Avadi’s industrial heritage, coupled with its ongoing transformation into a residential suburb, makes it an interesting option for investors. The presence of major establishments like the Heavy Vehicles Factory (HVF) and Combat Vehicles Research and Development Establishment (CVRDE) ensures a steady demand for housing from employees working in these facilities.

Notable Projects in Avadi:

• Shankar Nagar Extn by Value Source Realty
• Property Type: Plots in Avadi, Chennai
• Unit Sizes: 800 Sq.Ft
• Price Range: Starting from 16.4 L
• VGN Westfield by VGN Homes Private Limited
• Property Type: Plots in Avadi, Chennai
• Unit Sizes: 667 – 2195 Sq.Ft
• Price Range: 26.67 L – 87.77 L
• Lakshmi Modern City by Sri Lakshmi Homes Pvt Ltd
• Property Type: Plots in Avadi, Chennai
• Unit Sizes: 620 – 1200 Sq.Ft
• Price Range: 23 L – 44.38 L

The relatively lower price points in Avadi make it one of the best places to buy plots in Chennai for those looking for affordable investment options with potential for future appreciation.

6. Ambattur

Ambattur rounds out our list of the best places to buy plots in Chennai, offering a blend of industrial heritage and modern development:

• Industrial Roots: Originally known for major industries like TI Cycles.
• IT Growth: Emerging as a new IT hotspot.
• Investment Potential: Consistently rising property values.
• Improving Infrastructure: Ongoing development of amenities and facilities.

Ambattur’s transformation from an industrial area to a sought-after residential locality makes it an intriguing option for investors. The area’s industrial background ensures a strong economic base, while its growing IT presence promises future growth and appreciation.

Notable Project in Ambattur:

• G Square Atlantis by G Square Housing
• Property Type: Plots in Ambattur, Chennai
• Unit Sizes: 900 Sq.Ft
• Price Range: Starting from 70 L
• VGN Classique by VGN Homes Private Limited
• Property Type: Plots in Ambattur, Chennai
• Unit Sizes: 703 – 1845 Sq.Ft
• Price Range: 63.26 L – 1.66 Cr

The higher price points in Ambattur projects reflect the area’s development and potential, making it one of the best places to buy plots in Chennai for those looking for premium investments.

Factors to Consider When Choosing the Best Place to Buy Plots in Chennai

When deciding on the best place to buy plots in Chennai, consider these factors:

1. Budget: Determine your budget and look for areas that offer plots within your price range.
2. Purpose: Are you buying for personal use or as an investment? This can influence your choice of location.
3. Future Development: Research upcoming infrastructure projects that could increase property values.
4. Connectivity: Consider the area’s accessibility to other parts of the city.
5. Amenities: Look for proximity to essential services like schools, hospitals, and shopping centers.
6. Legal Clearances: Ensure the plot has all necessary approvals from local authorities.
7. Soil Quality: Check the soil type and its suitability for construction.
8. Water Availability: Given Chennai’s water scarcity issues, this is a crucial factor to consider.
9. Proximity to Work: If buying for personal use, consider the commute to your workplace.
10. Resale Value: Even if you’re buying for personal use, consider the potential resale value in the future.

Tips for Buying Plots in Chennai

1. Due Diligence: Always verify the legality of the plot and ensure all documents are in order.
2. Visit in Person: Don’t rely solely on online listings. Visit the plot and surrounding area in person.
3. Future Plans: Check with local authorities about any planned developments in the area.
4. Negotiate: Don’t be afraid to negotiate on price, especially for larger plots.
5. Seek Professional Help: Consider hiring a real estate agent familiar with the best places to buy plots in Chennai.
6. Check for Encumbrances: Ensure there are no legal disputes or loans against the property.
7. Verify Measurements: Double-check the plot’s dimensions to ensure they match what’s mentioned in the documents.
8. Consider Vastu: If this is important to you, consult a Vastu expert before finalizing the purchase.
9. Plan for Additional Costs: Factor in registration fees, stamp duty, and other associated costs.
10. Think Long-term: Consider how the area might develop over the next 5-10 years.

Emerging Areas to Watch

While we’ve covered the current best places to buy plots in Chennai, it’s worth keeping an eye on emerging areas that could become hotspots in the future:

1. Kelambakkam: Located along OMR, Kelambakkam is seeing rapid development due to its proximity to IT parks.
2. Guduvanchery: This area is gaining popularity due to its affordability and good connectivity.
3. Oragadam: Known for its industrial development, Oragadam is now attracting residential investments.
4. Thirumazhisai: With plans for a satellite town development, this area could see significant growth.
5. Sriperumbudur: Its proximity to manufacturing hubs makes it an area to watch for future growth.

These areas, while not yet established as the best places to buy plots in Chennai, show promising potential for future appreciation.

The Impact of Infrastructure Development

Chennai’s ongoing and planned infrastructure projects are set to have a significant impact on real estate values. Some key projects to consider when looking for the best place to buy plots in Chennai include:

1. Chennai Metro Expansion: The ongoing expansion of the metro network will enhance connectivity and potentially increase property values in newly connected areas.
2. Outer Ring Road: This project aims to improve connectivity between peripheral areas of Chennai, potentially opening up new investment opportunities.
3. Chennai-Bangalore Industrial Corridor: This mega project could boost economic activity and real estate demand along its route.
4. Port-Maduravoyal Elevated Expressway: Once completed, this project could significantly reduce travel time to the city center from western suburbs.

Keeping these developments in mind can help you identify the best place to buy plots in Chennai with potential for future appreciation.

Conclusion

Choosing the best place to buy plots in Chennai depends on your specific needs and investment goals. Whether you’re drawn to the IT hub of OMR, the scenic beauty of ECR, the affordability of Tambaram, the potential of Porur, the suburban charm of Avadi, or the industrial roots of Ambattur, Chennai offers a diverse range of options for plot buyers.

Remember, the key to a successful real estate investment lies in thorough research and careful consideration of all factors. By keeping these insights in mind, you’ll be well-equipped to make an informed decision on the best place to buy plots in Chennai.

The real estate market in Chennai is dynamic and ever-evolving. What’s considered the best place to buy plots in Chennai today might change in the future. Therefore, it’s crucial to stay informed about market trends, infrastructure developments, and economic factors that could influence property values.

We’d love to hear about your experiences and thoughts on buying plots in Chennai. Have you invested in any of these areas? Do you have any tips to share with fellow investors? Leave a comment below and join the discussion!

Your insights could help others in their quest to find the best place to buy plots in Chennai. After all, real estate investment is not just about location and timing, but also about learning from the experiences of others in the community.