According to a recent article published on MagicBricks.com, Singaperumalkoil in Chennai GST is the best destination to invest & buy property.
With metropolitan and primary locations almost saturated, the demand-supply is rapidly shifting towards new areas – the developing areas. Like saturated Delhi has given rise to NCR, Mumbai to Bandra and beyond, similarly Chennai has started expanding its horizon with demand shifting its focus on developing areas, like Singaperumalkoil off the Grand Southern Trunk (GST) road. And with these areas growing on the back of industrial influx, Chennai has for the first time emerged in the top 25 real estate destinations list in the Asia Pacific region, according to a recent PWC survey.
Singaperumalkoil is an upcoming location that is witnessing prolific development. There are several valid reasons to justify the rapid growth. In the last three years this region has grown as a major automotive and IT hub. While Mahindra World City and Ford’s presence has brought the vibrancy in the area, IT companies like Capgemini, Dell India and Infosys have helped flourish business activity. This has resulted in the infrastructural development in and around this place.
Secondly, the Sriperumbudur-Singaperumalkoil stretch is being heralded as the roads of the future. This particular stretch directly feeds into the big industrial corridors. On top of that, it merges with the Grand Southern Trunk road, a part of NH-45, which is the lifeline of Chennai.
Thirdly, this particular stretch, because of the heavy surge in traffic, is being 6-laned. This reflects the growing potential of the adjacent area which has been duly recognised by the developers. Accordingly, leading realty players like SARE Homes and others have focused on developing their projects in strategic locations in the vicinity of the GST. In fact SARE Homes has created a 62-acre integrated township that provides an eclectic lifestyle to aspiring home owners. And the fact that it is just off the main GST road, it aptly fits into the whole scheme of things.
To read the complete article, click here.