Discover Affordable Flats in East Tambaram | 2024 | South Land Developers Ultimate Guide
East Tambaram has quickly emerged as a crowded residential destination in Chennai due to the ease of availability, connectivity, and overall living standards. Here is your South land Developers ultimate guide through the different real estate opportunities available in East Tambaram, catering to budget flats in full, and providing you with in the field knowledge as a buyer.
Table of content
-
Why Choose East Tambaram?
-
Economic Growth and Development
-
Thriving Real Estate Market
-
Types of Flats Available in East Tambaram
-
Current Market Trends
-
Top Projects and Developers
-
Cost of Living and Affordability
-
Local Amenities and Services
-
Transport and Connectivity
-
Investment Potential
-
Tips for Homebuyers
-
Resident Testimonials
-
Conclusion
Why Choose East Tambaram?
Strong Connectivity
East Tambaram is well connected to major parts of Chennai through a network of key roads and transport options. With prominent roads like Kundrathur Road, Chennai Bypass Expressway, GST Road, and Outer Ring Road, commuting is a hassle-free affair. Besides, the East Tambaram Railway Station is just 2.8 km, while the International Airport is just 9.6 km, which makes domestic and international destinations easily accessible.
Economic Growth and Development
What Chennai, especially East Tambaram, has seen thus far is a spectacular level of economic growth by diversified industries such as IT, the automotive and manufacturing industries, and healthcare. The rise of the IT corridor has many professionals looking to invest in housing making the real estate at East Tambaram all the more attractive.
In this area, continuous infrastructural works can also be seen, like the Chennai Metro Rail Phase II, which within the next couple of years will certainly push up the property prices.
Thriving Real Estate Market
The flats for sale in East Tambaram have had a gradual demand as the population keeps on increasing and the need for affordable houses still continues. Thus, it is an exciting proposition for homebuyers and investors alike. The property prices in East Tambaram also are competitive: the average buy price stands at Rs. 6000 per sq. ft., varying from Rs. 1730 to Rs. 9638 per sq. ft.
This price range caters both to a budget-conscious buyer and luxury-seeking buyers.
Types of Flats in East Tambaram
Whether you’re looking for budget apartments or more luxurious apartments, East Tambaram has everything in between:
1 BHK Flats
Ideal for singles or small families for budget apartments.
2 BHK Flats
The best choices for middle-class families who want just the right arrangement with enough space and good value for their money to be spent on this kind of accommodation.
3 BHK Flats:
For those in need of more space or luxury apartments in East Tambaram, 3 BHK apartments have large living spaces and are best for families.
For instance, Southland Developers is currently offering:
A residential project featuring 2 & 3 BHK flats in Selaiyur, East Tambaram.
Another premium project with 2 & 3 BHK flats in Selaiyur, East Tambaram.
A luxurious 3 BHK apartment located in Mappedu, East Tambaram.
Current Market Trends:
The real estate market in East Tambaram continues to be dynamic and is on an upward trend. Property price prediction for 2024-25 is at 5-7% increase in property values.
Infrastructural development, economic growth, and the growing housing market across the mid-segment to luxury housing categories drive the same.
Rentals in East Tambaram are also very competitive. On average, properties rent for a price of Rs. 12,310 per month. The rentals range from Rs. 6000 to Rs. 35,000, which depend on the size and location. Here’s the statistical distribution of rental costs:
1 BHK Apartments: Rs. 6776 per month
2 BHK Apartments: Rs. 10,800 per month
3 BHK Apartments: Rs. 16,264 per month
Affordability and price trends: The affordable rental rates coupled with a rising graph of property prices are some of the major reasons for investment in flats in East Tambaram.
Top Projects and Developers
A leading company name in the East tambaram, Chennai realty market, Southland Developers has been serving quality projects since 1993.
With commitment towards the pursuit of excellence and customer satisfaction, they have surely positioned themselves as one of the most promising real estate developers in East Tambaram.
Southland Developers deals with a wide range of residential projects, including luxury apartments, made complete with the contemporary design and advanced building technology. Some of their noted ongoing projects in East Tambaram include:
These projects provide the best of amenities, modern convenience, and an unparalleled living experience in a prime location.
Cost of Living and Affordability
Compared to other areas in Chennai, housing for middle-class families and working professionals is comparatively affordable in East Tambaram. On average, the price for 2 BHK flats in East Tambaram will be competitive, making homebuyers able to get their dream homes within their budgets. Compared to neighboring areas, East Tambaram is one that provides better value for money on the same amenities and services.
It is truly a very savvy investment decision by the prices of the property combined with the prospect of strong growth within the area.
Local Amenities and Services
East Tambaram is home to a variety of amenities that enhance the quality of life for its residents:
Educational Institutions:
Some of the top colleges are located in this area such as Bharat University, Madras Christian College and Apollo Group of Colleges. Some of the top schools also include Zion International Public School (ZIPS) and Christ King Girls Higher Secondary School which provide good education to the families.
Health Care:
Leading health care facilities like Tambaram Medical Center and Apollo Clinic Tambaram facilitate easy medical services.
Shopping:
This place also affords the fun of shopping within nearby centers of Grand Square and Maharaja Shopping.
Transport and Connectivity
Connectivity is among the positives of East Tambaram. Main roads like Camp Road, Mudichur-Sriperumbudur Road, and Kelambakkam-Vandalur Road bring ease to reach the place. Not only buses, but the regular services of MTC connect East Tambaram to other parts of Chennai. Except for buses, there’s an efficient rail and metro connectivity that plays a vital role in transport and navigation. The easier connectivity can be acquired because of local and station structures such as East Tambaram railway station.
In addition, there are entry points at Chrompet and Sanatorium stations, and the Airport Metro Station is just a couple of kilometre away.
Investment Potential
With a strong economic foundation, an increasing population, and excellent long-term capital appreciation potential, East Tambaram can be seen as an excellent investment location for real estate. The property in this area yields excellent appraising potential for rental and is on the rise due to its great demand for residential properties.
For the investor, coupled with ongoing infrastructural development and strengthening of the property value, buying a flat in the area becomes a lucrative idea.
Tips for Homebuyers
If you’re considering purchasing a house for sale in East Tambaram, here are a few tips:
Documentation:
All such property documents like title deed and encumbrance certificate should be proper.
Financial Planning:
Inquire about numerous financing options and housing loans which will result in the best choice for your pocket.
Project Reviews:
Research the reputation of the developer and visit project sites to see the property and surroundings up close and more accurately.
Resident Testimonials
It has been a general opinion that most residents who moved to East Tambaram appreciate the decision they made. From its serenic environment to super connectivity through the world, it indeed is a place that many families and professionals approve of.
Here’s what the people who live here say:
As one resident of Alankar Imperial says: “I love that East Tambaram can offer me all from schools to shopping centers and good public transport. It is the ideal location for my family!”
Conclusion
East Tambaram would be a very good place where there would be a right balance between affordable and luxurious properties with good returns on long-term investments. Whether it’s 2 BHK flat or 3 BHK high-end apartment, there is a home for every buyer in this vibrant neighborhood. Go to our listings page or mail us at Southland Developers to see what is new and grab your dream flat in East Tambaram now!