When it comes to buying a house or even renting one, people often don’t know where to start. The biggest questions are where to buy a house, and if buying a house in that locality is a good idea. You wonder how the locality will grow if the value will rise or fall and if your decision to shift there will be a good one.
We at NoBroker know how tough these decisions are, even if you are renting a home, you want to choose one in a locality that will meet all your needs. To help you with the answers to where to buy or rent houses in Chennai, we have decided to list all the trending localities for your convenience.
This list is made after studying the data from over 7 million NoBroker customers. That’s not all, we have
even complied data from the 12546 respondents of our survey too.
Popular localities for buyers in Chennai
Velachery
Madipakkam
Mylapore
Porur
Medavakkam
The demand for homes in these areas have risen, it clear to see that all these areas, apart from Mylapore, are new residential localities. These have only recently come under the Greater Chennai Corporation and hence are going to see rapid development soon. Mylapore is the odd one out, but as it is one of the oldest localities and rich in culture, there is no surprise as to why people from Chennai want to live here.
Localities that have appreciated in value in Chennai
Even though the last year was not a very great one for real estate, there were a few areas in Chennai that saw their land value appreciating and a rise in demand as well. These localities are –
Perambur – prices increased by 16.69%
Adambakkam – prices increased by 15.78%
West Mambalam – prices increased by 10.75%
Ayanavaram – prices increased by 10.54%
Mogappair East – prices increased by 9.57%
source - https://www.nobroker.in/blog/trending-localities-to-invest-in-chennai/
We at NoBroker know how tough these decisions are, even if you are renting a home, you want to choose one in a locality that will meet all your needs. To help you with the answers to where to buy or rent houses in Chennai, we have decided to list all the trending localities for your convenience.
This list is made after studying the data from over 7 million NoBroker customers. That’s not all, we have
even complied data from the 12546 respondents of our survey too.
Popular localities for buyers in Chennai
Velachery
Madipakkam
Mylapore
Porur
Medavakkam
The demand for homes in these areas have risen, it clear to see that all these areas, apart from Mylapore, are new residential localities. These have only recently come under the Greater Chennai Corporation and hence are going to see rapid development soon. Mylapore is the odd one out, but as it is one of the oldest localities and rich in culture, there is no surprise as to why people from Chennai want to live here.
Localities that have appreciated in value in Chennai
Even though the last year was not a very great one for real estate, there were a few areas in Chennai that saw their land value appreciating and a rise in demand as well. These localities are –
Perambur – prices increased by 16.69%
Adambakkam – prices increased by 15.78%
West Mambalam – prices increased by 10.75%
Ayanavaram – prices increased by 10.54%
Mogappair East – prices increased by 9.57%
source - https://www.nobroker.in/blog/trending-localities-to-invest-in-chennai/
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