Chennai is the capital of Tamil Nadu. It lands on the Coast of the Bay of Bengal. The city is the sixth most popular place in the country. It is well known as the cultural, economic, and educational center of South India. It ranks 36th most visited city in the world.
Three rivers and many lakes surround the city. It is the primary center of music, art, museums, and other institutions. It has advanced medical facilities. The city is the base of Tamil Cinema, called Kollywood. The town ranks second among the metropolitan cities and has a 90.33% literacy rate.
The property is located in Padur. It is an upcoming housing society. The project consists of three phases. Phase 1 is ready to move state. Phases 2 and 3 are under construction. This township is expanded over an area of 6.22 acres. It comprises 11 towers with 14 floors.
The project is RERA registered. It offers well spacious and ventilated 2 BHK flats. The size area of 2 BHK measures 667 sq. ft with a cost value of 50 lacs. It is scheduled for possession on Dec 2022.
Phase 2 is under construction housing society. It offers a host of amenities for residents. It comprises 3 buildings. There are 167 units. There are flats in the range of 1001.1 sq. ft to 1430 sq. ft. It offers 2 and 3 BHK units. The area connects to the other main parts of the city by road. The average price starts from 55 lacs.
Phase 3 project is in Kannathur Reddy Kuppam. It is developed in an area of 6 acres. It includes 2 and 3 BHK apartments. This site is also is in under construction. The flat's size range is between 1001.1 sq. ft to 1916.0 sq. ft. The price of the property starts from 98.26 lacs to 1.27 cr.
The report says there is a rise of 21% in the first half of 2022. A property is a good investment option due to its rapid growth and new opportunities pouring in daily. 2 and 3 BHK apartment in the city is equally popular to buy. Many investors expect higher growth in rental properties to overcome the pandemic. Seeing the town's potential growth, several NRIs are investing here.
Buying a property in Chennai brings excellent potential benefits in the future. It is one of the cleanest cities to purchase land. It is an ideal metropolitan and has many It and financial hubs.
Since the town is booming, It shows a constant appreciation in land prices. Many companies see it viable, profitable, and feasible to invest here. The average price of property increases by 4-6% every year.
Several Godrej projects are coming into the town in the coming years.
Godrej Palm Groove is a perfect mix of luxury and comfort. It offers spacious 2 and 3-BHK apartments. It locates on the NH4 Bengaluru Highway. It is spread across 12.5 acres with lush green landscapes. It gives a breathtaking view of the lake and garden area.
Get more details about Godrej Park Retreat