Are you out there searching for your dream property? The usual checklist – property value, access to facilities, amenities etc. Would you nod yes when we ask you, if you have checked property appreciation and the resale value? The most common answer is NO.
This is something important you need to consider especially if you want to sell off the property later on. In this article we are focussing on the prime real estate property of T Nagar in the heart of Chennai, highlighting the property appreciation and resale value there.
In an interesting turn of events, as you continue reading, you will notice that the factors in question are not much different from the ones you consider for investing in real estate.
Location of the property:
Location is the most crucial factor that determines both the initial pricing of the property, and later on its resale value. The common features that make a location great are:
- Access to healthcare facilities
- Access to public transport
- Access to good educational institutions
- Proximity to commercial business zones
- Being close to entertainment like malls, restaurants etc.
TNagar has all this and more. The first impression that Tnagar has on anyone, is that of a bustling commercial zone, but the bylanes and side roads are in fact a posh residential area. Many of the top brass in Chennai, are residents of TNagar. It is enclosed by other high value areas like Kodambakkam, Nungambakkam, Ashok Nagar, Vadapalani, Saidapet, and Guindy. The Lifestyle Housing apartments in T nagar are coming up bang on the GN Chetty road, TNagar’s poshest commercial road.
Access to facilities:
There is a dedicated bus stand and railway station there for access to public transport. There is no dearth of schools and we don’t even need to point out the entertainment value in TNagar.
Several nationally acclaimed schools like Kendriya Vidyalaya, LMD Senior Secondary, Padma Seshadri Bala Bhavan, etc are located in TNagar. There are healthcare facilities like Cloud Nine, Apollo, GEM hospital, Dentistree Dental care, in TNagar and in its fringes. This is excluding the private clinics run by the City’s top medical practitioners.
TNagar is connected to the rest of Chennai by major roads like Poonamallee High Road, Dr.Sivaji Ganesan Road, Sardar Patel Road, and Anna Salai Mount Road. Both the Central Bus Stand, Airport and Egmore and Central Railway station are located within a 10km radius. We cannot stress enough the appreciation value that such good connectivity brings.
Practical Floor Plans:
Floor Plans are critical to comfortable living. There is a lot of thought and research that goes into planning the layout of a home. When looking at the house, the layout might be fine for you, but you need to think if the same can be said for when you think of selling the property. See if the room proportions are ergonomic. Check for dead spaces, and if there are any, see if they can be refurbished into usable space. The house must have adequate natural ventilation. The home must offer complete privacy to the people living there. Our apartments in T Nagar are designed to have the most ergonomic layout that allows free flow of movement.
There are plenty of villas in TNagar, but the current space restrictions allow only for vertical expansion, with focus on luxury apartments. A great apartment complex will have plenty of amenities like a play area, air conditioned gym, walking path, water treatment plant, ample car parking, multi purpose hall, screening room, 24×7 security, CCTV, fire safety, etc. The Lifestyle Housing apartments in T Nagar will offer 20+ premium amenities.
Property price trends in T Nagar:
Since the beginning of 2020, the property market in T Nagar has been steadily climbing up. This is in spite of the COVID situation. The current property rates can range anywhere from Rs.7500/sq ft to Rs. 20000 / sq ft. The rates have been growing at an average of 3% each quarter. This trend is going to continue into the future as TNagar will remain the business capital of Chennai. Invest in Tnagar now to get the highest return on capital.
There are good investment options in the city, especially TNagar. It is better to choose a real estate property that will have a good resale value. Lifestyle Housing has 3BHK flats for sale in TNagar, located right on premium roads. We would love to give you a tour, if you leave your details at LifeStyle Housing.