Kanchipuram is a suburban location with a rapidly growing infrastructure. Its strategic location boasts the Chennai-Bangalore National Highway, allowing people to travel without any hassle. Additionally, one can find basic amenities and facilities nearby, which makes it convenient for living. Having so many advantages, the demand for real estate properties is increasing in Kanchipuram and rightly so.
Kanchipuram is a well-established city in Chennai that has seen significant growth over the years. This has increased the demand for real estate properties. Additionally, it is away from the fast-paced life yet well-connected to commercial hubs which makes it ideal for people who want a peaceful yet productive life. Listed below are the reasons why you should invest in residential land for sale in Kanchipuram:
Authority Approval
Approval from the local authority plays a crucial role in real estate investments. It makes them reliable investment opportunities and ensures the buyer is protected from unethical developers and substandard construction. Many reputed developers offer DTCP-approved plots for sale in Kanchipuram that make an excellent choice for real estate investment seekers. These plots are compliant with all the regulations, providing a solid foundation for an individual’s development plans. Additionally, they are located in the best neighbourhoods of Kanchipuram, ensuring a better return on investment (ROI).
Rapid Infrastructural Development
Kanchipuram has witnessed significant infrastructural growth recently as the regional government has initiated many developmental projects. The industrial corridor that extends from Chennai to Sriperumbudur is near this growing destination. This corridor has several industrial parks, multinational corporations, and manufacturing units that are contributing to its infrastructural development. The rapidly growing infrastructural rate in Kanchipuram has improved the overall property rates and increased the demand among real estate investors.
Excellent Connectivity
While searching for residential properties, people mostly consider the neighbourhood’s connectivity to the rest of the city. Kanchipuram’s location is well-connected to the rest of the city and the state via road and rail. The area is well connected by the National Highway 16, Chennai Bangalore Highway (NH48) and Kanchipuram Railway Station. Nonetheless, here are the other reasons why connectivity will improve the feasibility of buying plots in Kanchipuram:
-
Opening of Parandur Airport
The upcoming Parandur International Airport is an added dimension for improving the connectivity to Kanchipuram. Plots near the airport are likely to see a high appreciation in value due to increased demand from investors, businesses, and frequent travellers. The airport will operate alongside Chennai’s current Chennai International Airport (MMA) as the city’s second airport. The strategic location will most likely enhance the city’s transportation infrastructure and attract more real estate investors. Moreover, the proposed airport will be completed and opened by 2028 and will be connected to the Bangalore-Chennai Expressway.
-
Metro Extension to Parandur Airport
Chennai Metro Rail Limited (CMRL) has planned a metro line to the Green Field area at Parandur. The proposed Poonamallee-Perandur line will be opened in phases and will be a great connection to the Kanchipuram area. For residents of townships like Sameera Manickavasagam which is just 13 kilometres from the upcoming airport, the metro link will offer a reliable, quick, and cost-effective mode of transport. Plots near metro stations typically attract higher rental demand, as buyers prefer locations with good public transport access. Due to rising traffic conditions in the city, a Metro line to Perandur will help surrounding locations like Kanchipuram get access to easy transportation.
Proximity to Facilities
The proximity to facilities in Kanchipuram makes it the perfect place to invest in real estate. It is well-connected to Chennai and other key industrial hubs, sparking a surge in real estate activity. Investors can also find many eminent schools and universities nearby. Additionally, the presence of IT parks and commercial hubs is great for working-class individuals. The city also has top-notch healthcare facilities and entertainment hubs, making it an ideal investment location.
Greater ROI
Many people are now buying plots in Kanchipuram because of their potential to offer a greater return on investment. This city is seeing a surge in demand as one can find a spacious area at affordable rates. Additionally, the strategic location has attractive amenities that make it a convenient place for residents. All of these factors can influence the market price of the plot which leads to land value appreciation.
Sameera Estates is a reputed real estate developer that you can check out for your next residential investment. They offer the best properties around well-established neighbourhoods like Kanchipuram, Poonamalle, and Kodaikanal, ensuring higher ROI in the future.
