An overview of Real Estate in Tambaram
Real estate in Tambaram is a booming industry with many new projects being developed every day. The city has a lot to offer potential buyers and investors, from luxury apartments to affordable homes. There is something for everyone in Tambaram, making it one of the most popular real estate markets in Tamil Nadu. With its convenient location and growing infrastructure, Tambaram is the perfect place to invest in property.
History of Tambaram:
- Tambaram was a part of the erstwhile Chengalpattu district. Tambaram is a town in Chennai, Tamil Nadu, India. It is located on the Coromandel Coast of the Bay of Bengal, about 31 kilometers (19 mi) south of Chennai, and just north of the mouth of the Adyar River.
- Tambaram is a residential and commercial locality of Chennai and one of the city’s four southern suburbs.
- Tambaram dates back to the Pallava period when it was a market town for the Tambaram region. The town developed into an important military outpost during British rule and was home to a Royal Air Force base during World War II. The base closed in 1958 after Indian independence. In recent years, Tambaram has seen rapid population growth and commercial development.
- Tambaram is a town in the metropolitan city of Chennai, Tamil Nadu, India. It is about 24 kilometers (15 mi) from the city center and has a population of 1,093,000 people according to the 2011 census.
- Tambaram is one of the major residential and commercial suburbs of Chennai. It is also an important transport hub with two railway terminals and a bus terminus. The area around Tambaram was part of the erstwhile Chengalpattu district which was later divided into Kancheepuram and Tiruvallur districts.
- The present-day neighborhood of Tambaram was part of Perungalathur village which was situated on the northern border of Tondiarpet Taluk. The village had an area of 2,017 hectares and a population of 5,724 in 1951.
The Real Estate Market in Tambaram:
The real estate market in Tambaram has seen a boom in recent years.
Real Estate in Tambaram has seen a boom in recent years. The city has a lot to offer potential buyers, from its convenient location to its affordable prices. Tambaram is located in the southern part of Chennai, which is one of the biggest metropolitan cities in India.
The city is well-connected to the rest of Chennai by road and rail, making it a convenient place to live for people who work in the city.
Tambaram is also known for its affordable housing prices. The average price of a 2BHK apartment in Tambaram is Rs 50 lakhs, while the average price of a 3BHK apartment is Rs 60 lakhs. This makes Tambaram an attractive option for buyers who are looking for value for money.
Some of the Popular Localities in Tambaram:
Some of the popular localities in Tambaram include West Tambaram, East Tambaram, and South Tambaram.
- West Tambaram is one of the popular localities in Tambaram and is known for its residential areas.
- East Tambaram is another popular locality in Tambaram and is known for its commercial areas.
- South Tambaram is the third most popular locality in Tambaram and is known for its mixed land use comprising both residential and commercial areas.
The growing rate of the Real Estate market in Tambaram:
Real Estate in Tambaram is growing at a rapid pace and is poised to continue doing so in the future. The market has seen a lot of development in recent years and this is expected to continue.
There are many reasons for this growth, including the increasing population and the growing economy.
- The population of Tambaram is increasing at a rapid rate, which is one of the main drivers of the real estate market.
- Real Estate in Tambaram is becoming increasingly popular as a place to live and work, which is leading to more people moving here. This increase in population is resulting in more demand for housing, which is driving up prices.
- The economy in Tambaram is also growing at a rapid pace, which is another factor that is driving the real estate market. The city has attracted a lot of investment and there are many new businesses opening up here.
The current state of Real Estate in Tambaram
The current state of Real Estate in Tambaram is ever-changing. As the population in Tambaram grows, so does the demand for housing.
The vacancy rate for apartments is also on the rise, currently at 2.8%. This increase can be attributed to the number of new apartment complexes that have been built in Tambaram in recent years.
Despite the rising prices and vacancy rates, Tambaram is still a desirable place to live. The city offers a variety of amenities and is close to both Chennai and Bangalore. With its central location and growing population, Tambaram is sure to continue to be a popular place to live for years to come.
Why Real Estate in Tambaram is a good investment
Tambaram is a neighborhood in the southern part of Chennai, Tamil Nadu, India. It is one of the most populous suburbs of Chennai and is a major residential and commercial hub. It is also one of the fastest-growing suburbs in Chennai.
There are many reasons why Tambaram is a good investment for real estate.
- One reason is that it has a very high population density. This means that there is a large potential customer base for businesses in Tambaram.
- Another reason is that Real Estate in Tambaram has a lot of infrastructure development happening right now. This includes the construction of new roads, flyovers, and railway stations. This infrastructure development will make Tambaram even more accessible and convenient to live in, which will lead to even more people moving to Tambaram.
The future of Real Estate in Tambaram
The future of Real Estate in Tambaram is looking very bright. The economy is stabilizing and the real estate market is slowly but surely recovering. This is good news for investors and developers who are looking to invest in Tambaram.
There are a few factors that are driving the future of Real Estate in Tambaram
- First, the population is growing and this is creating a demand for more housing.
- Second, the city is becoming more developed and there are more job opportunities available.
- Lastly, the government is investing in infrastructure projects which will make Tambaram even more appealing to investors and developers.
- Overall, the future of Real Estate in Tambaram looks very positive. Investors and developers should take advantage of the current situation and invest in Tambaram while the market is still relatively undervalued.
In conclusion, Real Estate in Tambaram is a great investment. The location is perfect for those who want to be close to the city, but still have the peace and quiet of the suburbs.
The prices are reasonable, and there is a wide variety of properties available. Whether you’re looking for a starter home or a luxurious estate, you can find it in Tambaram. If you’re thinking of buying property in Tambaram, now is the time to act.
For more information on Real Estate in Tambaram, Our Trinity Originators team works with you to meet your needs.