2 BHK Apartments for Sale in ORR Chennai boost the Residential Market
Over the past few months, Outer Ring Road, a major transport hub in South Chennai notices a boost in residential sector. The reason behind it is its vicinity to IT parks and easy connectivity to all major areas of the metro. Apart from closeness to IT and manufacturing industries, 2 bhk apartments in ORR Chennai for sale are reasonably priced that means it will be priced at the range of Rs. 3500-4500/sq.ft. With the operation of phase-1 of this stretch, many developers have started buying massive land parcels to develop 2 bhk apartments in ORR Chennai.
Moreover, physical and social infrastructure along the stretch will be developed within few years of duration. Among various developments, works of 3 interchanges (flyovers) on the area has begun recently at Nemilichery, Vandalur and Nazarathpet. Once the work gets completed, it facilitates easy movement of vehicles along with maximum sales of 2 bhk apartments in Chennai. The civic body is still planning the final master plan for the interior locations of the stretch so that all the interior areas will have organized growth in future. The government has started designing the plan to give attention to all areas within the stretch.
2 BHK Apartments in ORR Chennai gains high Importance
Slowly, ORR is becoming an investment destination in the city because of its affordability and connectivity. Currently, owning a property here is beneficial because the prices are very cheap fitting the budget. But, the cost of 2 bhk apartments for sale in ORR Chennai is expected to double in the near future with the completion of social infrastructure. The real estate experts are sure of property appreciation because with the opening of first phase itself, the property prices witness more than 20% hike so once the entire stretch along with all infrastructure projects gets completed, 200% appreciation is assured. This resulted in the demand for 2 bhk apartments in Chennai ORR among end users and investors.
As an added advantage, high rental appreciation is also assured since the stretch is at proximity to industrial hubs attracting lot of working population to settle here by owning an asset or renting out. Presently, homes are available for a rental cost of Rs.10,000 per square feet. So, utilize the opportunity when the price of 2 bhk apartments in ORR Chennai for sale is reasonable.