September 10, 2014

Why Porur Remains Popular Among Property Investors?

In the recent times, buying properties in Chennai have increased due to the infrastructural development and the expansion of the city limits along with growing career opportunities and cosmopolitan lifestyle. In Chennai, among various residential and commercial localities, few areas like Porur, Medavakkam, Velachery, Ambattur etc., remain popular among home buyers and property investors. This is due to the availability of versatile projects in all ranges and types, suitable for end users.
Porur Remains Popular Among Property Investors

In spite of the shortcomings, Porur still remains the popular real estate destination in Chennai due to the following reasons:

Presence of IT Parks

The enquiries and the conversion rate in Porur real estate have increased in the last 6 six months and the experts quote the development of IT SEZ (Special Economic Zones) as one of the reasons. Apart from the already existing DLF IT park (housing global IT companies), there are other tech parks such as TCG IT Park, Jayanth Tech Park etc., developed near the locality. The IT and ITES professional working in HCL, IBM, Dell, Logica, Barclays, iGate, L&T etc., are looking at flats in Porur, Chennai for sale due to this IT SEZs.

Availability of End User Projects

Most of the flats in Chennai for sale are builder floor apartments as the home buyers can get higher UDS (Undivided Share) when compared to high rise buildings. Pour is known for such builder floor apartments, thus it is an end-user driven market where people would like to settle down. This is another reason for the demand of properties in this locality.

Perfect Residential Locality

Porur is one of the fast appreciating localities with good educational institutions in the city. There are a large number of private schools such as St. Francis International School, PSBB Millennium, Pon Vidhyashram, Lalaji Memorial Omega International School etc. There are also renowned medical colleges and hospitals in this locality. Along with malls, retail stores and market place, Porur makes a good residential option for home buyers.