Real estate chennai mogappair: Mogappair is a Location in chennai in the border of North Chennai and Central chennai.
the Growth of Real estate is very high Particularly Anna nagar, mogappair, Nolambur, Ambattur industrial estate, Ayanambakkam, Thiruverkadu and Kolathur. This growth is due to the employment opportunities in Ambattur IT Park, Extension of Metro rail till Anna nagar, Drastic growth in Koyambedu with good Transport facility, Good connectivity Road of 200 Feet Chennai By Pass to Porur, and OMR through vandalur. Many Multi Storey Buildings are being built in Ayanambakkam, Kolathur, and Anna nagar. More over connection to sriperumbudur is also a main reason for growth in Ayanambakkam and mogappair. Sriperumbudur is also a Place where huge employment opportunities available for Civil, Mechanical, electrical, electronic engineers and other Graduates. Due to cost effectiveness, Demand against low supply and good employment in and around this area made north chennai a good Residential hub after 2005.
North Chennai’s residential market has the potential for growth if connectivity and infrastructure facilities are improved, say real estate experts. According to a report by property portal bestsquarefeet.com, with improvement in connectivity and better infrastructure facilities in future, one can expect an increase in demand for residential properties in North Chennai. “The area will see a steady growth in the future with independent houses giving way to low-rise apartment complexes,” the study predicted. M Raghunathan, State secretary of the Builders Association of India, Tamil Nadu, felt that North Chennai is an upcoming market. “With the prices going up in South Chennai due to demand from the IT sector, it is now not affordable for the common man to buy a property there. This could result in people focusing on North Chennai to live closer to the city,” he said.
Currently, the residential market in North Chennai comprises a small percentage of the 15 per cent under-construction stock in Chennai.