Chennai Investment Areas - Plots and Flat?

Question

Friends, Near chennai which place we can invest - plots and flats

Answer 1

undoubtedly it is plot only - if you think of investment.

if you think of comfort you can go for flat - nearer to Rly./Bus station and School, Park, Market area (if it is possible you can think of a location nearer to your Office).   you can save a lot in monthly expenses.  the sum saved will be a considerable investment.   you can also save lot of time on M&R.

Next point - what you have asked.

go to CMDA site - go through CMDA Master Plann II - locate the places of Metro train route, Outer Ring Road, Inner Ring Road, etc., - catch it cheap.  -  it will fetch you good return by 2015.  Buy only at CMDA approved layout.  Don't buy un-approved plot, paddy field, etc.,

Also understand risk of owning a Plot - there are lot of problems, litigations, etc.,

don't keep the plot vacant - the moment you buy the plot keep a compound wall (or atleast fencing) and construct inexpensive house - visit it on holidays - use it as holiday resort.  - grow some trees around - pay the taxes regularly - have a patta, etc.,

acquiring plot is not a great thing - but holding under your control is a great thing.

Answer 2

don't go for flats unless it's very near to your workplace n is at a reasonable rate. Instead go for a plot, it would be expensive but you will know the importance of the plot when u grow old.