Which area is developing in Chennai?

Which area in Chennai is developing fast?

Pallikaranai

One of the fastest growing residential areas in India, Pallikaranai is a hot favourite destination for investors. Located in South Chennai, the locality is in close proximity to the OMR (Old Mahabalipuram Road), which is one of Chennai’s biggest IT/ITeS corridors.

Which is the best area to invest in Chennai?

Best Residential Areas in Chennai to Invest in 2021

  • Porur. Porur is located along the Mount Poonamallee (MP) Road in the West. …
  • Ambattur. Ambattur is one of the most popular residential areas in Chennai. …
  • Pallavaram. …
  • Oragadam. …
  • Guduvancheri. …
  • Old Mahabalipuram Road (OMR) …
  • Pallikaranai.

Which is the richest area in Chennai?

8 of the Poshest Localities of Chennai

  • Boat Club. The Boat Club area is in Alwarpet and is one of the most expensive localities in Chennai. …
  • Poes Garden. Poes Garden is another top end locality of the city. …
  • East Coast Road. …
  • Nungambakkam. …
  • Velachery. …
  • Adyar. …
  • Gopalapuram. …
  • Besant Nagar.

Is buying land a good investment in Chennai?

As we know, due to the scarcity of the plot, the demand is increasing drastically, which in turn making the value appreciates quite high and if you invest in a CMDA (in Chennai limits) then you can except quite far more, as in Chennai getting a well-furnished plot space is almost impossible.

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Is Chennai dangerous?

Overall Crime & Safety Situation

The U.S. Department of State has assessed Chennai as being a MEDIUM-threat location for crime directed at or affecting official U.S. government interests. Chennai, the capital city of the State of Tamil Nadu, is regarded as one of the safest cities in India.

Which is the most posh area in Chennai?

Top 10 Most Posh Areas in Chennai (Best Residential Places &…

  • Adyar. Adyar is situated in southern Chennai and is one of Chennai’s largest and most prominent neighborhoods. …
  • Anna Nagar. …
  • Besant Nagar. …
  • Kotturpuram. …
  • Mylapore. …
  • Nungambakkam. …
  • R.A Puram. …
  • Thiruvanmiyur.

How can I double my money in 5 years?

Here are some options to double your money:

  1. Tax-free Bonds. Initially tax- free bonds were issued only in specific periods. …
  2. Kisan Vikas Patra (KVP) …
  3. Corporate Deposits/Non-Convertible Debentures (NCD) …
  4. National Savings Certificates. …
  5. Bank Fixed Deposits. …
  6. Public Provident Fund (PPF) …
  7. Mutual Funds (MFs) …
  8. Gold ETFs.

Which areas in Chennai has good ground water?

Cooum alluvium varies from 10 m to 28 m thickness and is more granular in Kilpauk – Perambur area. Beach ridges and sand dunes constitute good fresh water aquifer in Adyar – Besant nagar area. Fluvial marine and fluvio marine land forms are noted in the coastal area.

Where can I invest my money in Chennai?

Here is a look at 10 investment avenues Indians look at while saving for financial goals.

  • Direct equity. …
  • Equity mutual funds. …
  • Debt mutual funds. …
  • National Pension System (NPS) …
  • Public Provident Fund (PPF) …
  • Bank fixed deposit (FD) …
  • Senior Citizens’ Saving Scheme (SCSS) …
  • Pradhan Mantri Vaya Vandana Yojana (PMVVY)
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Which is the costliest place in Chennai?

Adyar. Located on the southern banks of the Adyar River, this quaint area, also known as Adaiyaaru, is counted among the most expensive areas to live in Chennai.

Which is the biggest area in Chennai?

The city together with the adjoining regions constitutes the Chennai Metropolitan Area, which is the 36th-largest urban area by population in the world.

Chennai.

Chennai Madras
• Megacity 426 km2 (164.5 sq mi)
• MetroChennai metropolitan area 1,189 km2 (459.07 sq mi)
Elevation 7 m (23 ft)
Population (2011)

Where do billionaires live in Chennai?

Boats club seems to be the preferred location for millionaires in Chennai. The area is near the mouth of the Adyar river and is surrounded by lush greens. Being a millionaire would not even get you close to this boundary. The land value in this part of the city easily touches 10 crores / ground.

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