As per recent trends in the real estate sector in Chennai, it is a very good time to invest in a flat or a house for investment returns in the future. Pammal is one such growing region that has seen a stunning growth in the residential properties and is witnessing a steady infrastructural advancement over the past few years.
Pammal is gradually inching towards being the next sought after destination for real estate companies and individual property investors owing to the value-packed deal that they are getting in terms of high returns. From something as basic and necessary as sewage/garbage management, and dealing with water problems to offering high end residential blocks with multiple amenities, Pammal has come a long way, already.
In additional to the positives about Pammal (in terms of growth and development), there are various proposals and ideas put across for further betterment of the region. Once the implementation starts on these proposed plans, there would be no looking back.
Pammal has recently been witnessing a gradual rise in property demand. There are certain buyers who invest majorly from the point of view of rental revenues. For this, one will have to study deeper about the specific locality, neighbourhood, etc to get the best rental.
The silver lining
The neighbouring region – Pallavaram is growing by leaps and bounds and has taken Pammal also in its stride. As per sources, the three municipalities — Anakaputhur, Pallavaram and Pammal — and a village panchayat — Cowl Bazzar — are expected to be part of the proposed Pallavaram Municipal Corporation. Owing to this, the residents are hoping that the new corporation would bring in more advanced solutions and help them with a higher and uplifted standard of living.
Talking about the connectivity, Pammal’s location is a big selling point for its property. Be it the airport, railway station, or bus stand, Pammal is within close proximity of these.
- Railway station: The nearest railway station is just 3 kms away in Pallavaram
- Airport: Chennai International Airport is only 3.5 kms away from Pammal
- Bus Stand: Pammal bus stand connects you well with other part of the state, and nearby regions
Apart from the connectivity point, there are all other facilities also at hand, such as, schools, hospitals, temples, etc. However, the new development phase would bring in better facilities and smart living.
This is the right time
Pammal has started attract few big-size investors, and the interest of good real estate companies as well. One can definitely notice the steady infrastructural improvement, hinting towards a better and more developed Pammal in the coming years.
Once the development process gears up in full speed, the property price will begin to appreciate briskly. The place would then attract huge investments from domestic investors, HNIs and real estate biggies. There would be high rise buildings, posh societies, and various other facilities making it the right choice for many. Hence for all those seeking for a low-budget investment for now and a higher return in the future, Pammal should definitely be on your radar.