Is Tambaram an ideal place for your real estate investment

 Is Tambaram an ideal place for your real estate investment?

  Tambaram enjoys good connectivity with other parts of Chennai.  Read on to know if you should buy a house in the suburb

  Part of the Chennai Metropolitan Area, the southern suburb of the state, Tambaram is one of the important localities in Chennai.  The suburb is located on the Chennai-Trichy Highway making it a hotspot among buyers.  The area scores well on the connectivity front as it is on the highway and is home to Tambaram railway station.

    Anarock Group shares, “Home to a railway junction, the region’s connectivity is one of its major bonuses.  Tambaram Railway Station is the main source of connectivity for the residents.  Trains from this station reach various points in and out of the city.  Tambaram is also well-connected via road to other key areas like Velachery Main Road, GST Road and Mudichur Road.”

Price point

As per Anarock’s research, the property prices here are currently around Rs 4,250 per sq ft making it one of the affordable areas in Chennai.  The research further added that as many as 1,520 units have been launched here between 2015 and Q2 2022.  Back in the pre-pandemic period, in 2019, average prices were at Rs 4,000 per sq ft, indicating growth even during the pandemic.  This means that even as an investment Tambaram is a good option.

  Compared to many other localities in Chennai, the property prices in Tambaram are still low.  The place has evolved as a preferred residential locality.  Also, being the hub of many industries and IT companies, many working couples prefer to buy a house in this area.  Tambaram majorly has apartments, which cover more than 60 percent of the total residential occupancy.

Rental aspect

Various key factors drive up the rental prices of the area.  Proximity to the airport, availability of various modes of transportation, and numerous educational institutions are among the key reasons.  Anarock research states, a standard two-BHK house with an area of 1,000 sq ft can yield rent of anywhere between Rs 11,000 and Rs 15,000.  This means that per sq ft, the rent yield stands at around Rs 11.

Social infrastructure

Talking about the social infrastructure, Chugh mentions, “Tambaram is one of the important localities in Chennai – be it for the IT companies, Tambaram railway station, or Tambaram Air Force Station.  The area has a well-developed social infrastructure and is home to many schools, colleges, banks, hospitals, and hotels.  Besides the essentials, it is also a hub for parks and libraries.”

    Being well-connected to other parts of the city like the IT corridor of Old Mahabalipuram Road (OMR) through Velachery Main Road and Grand Southern Trunk  (GST) Road, adds to Tambaram’s advantage.  The Chennai international airport is also around 10 kms away from the suburb.