Which Area Has Better Property Value: Pallavaram or Chromepet?

Pallavaram and Chromepet are prominent suburbs in Chennai and enticing selections for homebuyers. If we are to make comparisons between them, we have to take into consideration factors like property rates, infrastructure development and of course, the investment potential of the location. Among the wide range of apartments in Chennai, those located in Pallavaram and Chromepet stand out for their strategic location, affordability and access to key amenities.

Location

Pallavaram is close to the Chennai International Airport and located along the GST road. The area has experienced infrastructural development over the years. It’s an upcoming neighbourhood with untapped potential for residential development. The property value in Pallavaram has appreciated over time.

Chromepet is located on the GST road as well with moderate infrastructural growth. There is also great connectivity to the rest of Chennai, be it metro or road.

Current Property Rates

• Pallavaram: The price for a plot at Pallavaram ranges on an average of ₹7,600–₹7,800 per sq. ft. The rental yield would be 4% to 5% for properties close to the airport. MP developers apartments in Pallavaram such as MP Juno, MP Meadows Brook and others start from 36 lakhs.
• Chromepet:The average price to purchase land plot in Chennai, Chromepet would be ₹5,700–₹6,000 per sq. ft., much lesser than Pallavaram. This would make Chormepet a more affordable option for those looking for a humble stay. The rental yield of this locality would round up to 4.5%.

Pallavaram has a stronger average rate with increasing property value. The property value of Pallavaram comes on top.

Investment Potential

When it comes to purchasing your first home, homebuyers are forced to go beyond aesthetic and communal factors. They are aware of the weight this purchase carries and how the decision can determine their future lifestyle. A house is a large investment, probably the biggest investment most people make. This makes it absolutely binding to check for the approximate ROI the property will make you in the long run.

Pallavaram is close to major IT corridors and key points in the city. A popular choice for IT professionals, Pallavaram has a higher investment potential due to the popularity of the region and the development projects it attracts. Chromepet, on the other hand, is a stable residential area and is a great choice for a calmer living.

It’s hard to predict whether development is going to be the deciding factor for investing value of the property. It seems like an obvious choice but in an environmentally conscious world, things can easily go the other way – the future generation might choose to prefer places far from the city and forgo the concept of development. It’s a tough call and you might need to research well before investing and lock on an investment choice which best reflects your wants and needs.

Lifestyle & Community

It’s high time to look into the advantages each location offers in the here and now. Being mindful of where we are headed in the future is helpful but we are looking for our investments to start paying us immediately. A housing investment can pay us back immediately if they offer an imposing living environment in the present.

It can be Chormepet, a residential focused area or Pallavaram, a comfortable and well connected area for IT professionals.

Social Infrastructure and Profile

Chromepet

• Educational Institutions:MIT (Anna University), Srimathi Sundaravalli Memorial School, and several colleges.
• Healthcare:Comfortably occupied by hospitals like Parvathy Hospital, Deepam Hospital.
• Shopping & Leisure:Super Saravana Stores, Reliance Trends, and plenty of local eateries.

Pallavaram

• Educational Institutions:Vel’s University, Sri Chaitanya, and several reputed CBSE schools.
• Healthcare:Suburban Hospital, Pallavaram Children Hospital, and access to nearby Chromepet facilities.
• Retail:Close to Phoenix MarketCity (Velachery), more upcoming malls and commercial complexes on the Radial Road.

Quality Adjacent

Chromepet
The area is magnetizing for families looking for a harbour in the ever bustling Chennai city. With relatively calm interiors and slightly congested market zones, Chromepet is unique. Cozy and sheltered apartments in Chromepet can be found here, developed predominantly for middle class and upper middle class families.

Pallavaram
Layout is advanced and well-planned near Radial road though Pallavaram flyover has got awkward traffic bottlenecks. Our apartments in Pallavaram are a 15 minutes drive from Pallavaram Hills and are an escape from the city noise and crowd.

A Quick Snap of the Features

MP Developers apartments in Pallavaram and Chromepet

Our projects are traditional with modern features. 100% Vaastu compliant and built with red bricks for maximum insulation and natural cooling, MP developers advocate for better living. Our homes come with intelligent attributes meant to upgrade your lifestyle. MP Juno, MP Meadows Brook, MP Maplewood, MP Madhura Maitreya, MP Amber, MP Winter, MP Colossus & Celestial, MP Trinity are numerous options in Pallavaram alone. These apartments are a mere 15 minute drive from the Chennai International Airport.

But if you are gravitating towards Chromepet for obvious reasons, MP Golden Sand is an unhurried investment

The Final Decision

Pallavaram gains the upper hand if we take into account the investment return and the property value. The green and the proximity to Pallavaram Hills make Pallavaram look real good. Nevertheless, Chromepet is less chaotic and already a residential area with stable infrastructure development in recent years. MP developers advise you to look carefully into your dreams and goals of an ideal lifestyle and decide accordingly. Whether you choose Pallavaram or Chromepet as your future home, MP developers will take care of you. Our after-sales service is unprecedented, and our management team is highly efficient and will work for you every step of the way. Your future is in safe hands – invest with us. MP developers is a top real estate developer in Chennai for good reason. We are here with an adamant vision and mission for building coveted, fulfilling and spacious apartments and villas in Chennai.”