Three Major Factors that Drive the Avadi Real Estate Market

If you want to invest in a plot of land to diversify your portfolio or even to construct your home in the future, you must make it a point to choose its location wisely. The location of a property has a direct impact on its future value. Across cities, several locations can deliver attractive returns over time. If you are looking for a property in Chennai, you can consider buying a residential plot in Avadi.



An Introduction to Avadi

Avadi is a suburban area located in the western part of Chennai. Traditionally, Avadi was popular for having a significant presence in defence establishments and featuring a couple of beautiful lakes. Over the years, this neighbourhood has emerged as one of the prime real estate hubs of India. Avadi features a variety of residential developments. There are many commercial developments in the area as well. The demand for residential properties in Avadi is largely driven by defence personnel and people working in the nearby commercial hubs. Several factors add to the appeal of Avadi as a residential real estate hotspot.

Commercial center

Avadi features several defence institutions and divisional offices, which has made it a vibrant commercial hub. We can find the Heavy Vehicles Factory (HVF), Central Reserve Police Force (CRPF), the IAF Station, Combat Vehicles Research and Development Establishment (CVRDE), and more in the neighbourhood. There is also a large IT park, referred to as the Tidel Park. This IT Park has several IT/ITES offices. Numerous people work at the offices present in and around Avadi. These people often try to find a home near their workplace to make everyday commuting hassle-free. This invariably increases the demand for residential properties in the area.

Transport and connectivity

Avadi enjoys excellent rail and road connectivity, and the neighbourhood residents are unlikely to face any issues when travelling to almost any part of Chennai. The Avadi Railway Station is integrated into the Chennai Suburban Railway Network and several express and local trains that run across Tamil Nadu stop here. The Chennai–Tiruttani highway extension has also improved the overall connectivity of the area.

Social infrastructure

The social infrastructure in Avadi is quite impressive, and we would find all the basic amenities we need in our everyday life just around the corner. This locality has large markets like the popular Nehru Bazaar. There also are multiple prestigious educational institutions and hospitals located in the area.

Wrapping up

The real estate scene in the western part of Chennai has been buzzing with activity over the last decade or so.  Now would especially be the ideal time to invest in the plot for sale in Avadi.

 

 


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