Friday 13 March 2015

Future of Outer Ring Road, Chennai

Since, today more and more road projects are going on in Chennai, traffic and pollution are two issues troubling people. Though they are works on many roads and bridges were going on, Outer Ring Road project seems to be a special one that is marching high in the city. Recently, phase-1 of the project has been opened grandly. As of review Amarprakash builders, this project is considered as the best since it acts as a major connecting road to all areas of Chennai. Further, it provides connectivity to 4 major highways. With the operation of phase-1 itself, the capital appreciation has touched highs. If phase-2 also becomes operational then the price will surely jump higher and higher.


Because of this, a lot of builders and people have started to put in their money along this stretch. At present, we can note many mega raised projects in both residential and commercial formats. In that, some projects are in under construction manner while in some projects, construction is yet to begin, as per review Amarprakash builders. This made the buyers to get confused about what and where to invest. So, they go for guidance from the experts and relatives and friends. The managing director of famous real estate company stated that ‘future potential of the property investment can be started at Outer Ring Road’.

Some common people ask experts what is the need and why to invest along this stretch? For that, the answer is provided in a brilliant manner that is the area being a perfect IT destination with an establishment of a lot of IT and manufacturing companies, the 62 Km stretch is developing quickly in terms of social infrastructure and also physical infrastructure, informed review Amarprakash builders. Since, the area is gaining more popularity, people are rushing to invest here. This in turn raised the demand for all variety of residential homes, nothing particular to mention. This ended up in development of all residential buildings.

If your budget is lower, then ORR would be the right choice because the location is in developing stage with developments in infrastructure, so prices are charged affordably right now. People with the budget of Rs. 40 lacs can go for this area and invest in ORR and its surrounding areas. As per the property data, one can find 2 bedrooms or 3 bedrooms sized upto 1200 sq.ft in an aforementioned cost. Those with moderate budget can go for studio apartment or 1 bedroom sizing about 600 sq.ft. There is no water problem in this new stretch. Though water problem is revolving everywhere in Chennai. But, people need not worry about the issue if they choose this area. What should be your investment in this new stretch? Probably, one will say apartment or plots since it fetches good returns.

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