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Property markets of Chennai are
on their way to revival. According to a PropTiger DataLabs
report, Chennai saw a monthly increase of 350% in the number of new launches in
the month of September, 2016.
This is in contrast with the 30% decline it
witnessed in 2016 August over July. The report further adds that most of the
new launches were concentrated in western suburbs and localities along OMR (the Old Mahabalipuram
Road). So, if you planning to book a home in one of the emerging markets of
western Chennai, Nanmangalam could be your option, which is around 32
kilometres from OMR.
Now arises the question:
what does the locality offer a
home buyer?
Smooth Connectivity
Nanmangalam offers home buyers
smooth connectivity. The East Coast Road (ECR) & the Grand Southern Trunk
Road (GST) strengthen the connectivity in Nanmangalam.
Along with this, the Kovilambakkam Bus Stand (just 2 km) and the Chrompet
Suburban Railway Station (7 km) make commuting easier for the residents. As a
result, new apartments in Nanmangalam, Chennai are finding may takers.
Affordable property..!
According to the PropTiger
DataLabs report, property prices in Chennai experienced only a marginal annual appreciation of two per cent in September. However,
even among affordable options, Nanmangalam offers you the best value for your
money.
You can buy a property here for
Rs 3,948 to Rs 3,954 price per square foot. Low pricing is pushing demand for
affordable apartments in Nanmangalam.
Business-friendly environment..!
Tamil Nadu capital Chennai
offers a business-friendly environment to the companies. And is also the reason
why the city has emerged as one of the most successful commercial centres in
India.
If you want to be part of this
growth story without burning a hole in your pocket, an apartments and plots in
Nanmangalam could be your option.
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