Affordability drives the Avadi market higher

Once a defense destination of Chennai where mostly all the defense camps and sites for their drills were held has now become Chennai’s high market. This little suburb to the western part of Chennai has been very popularly known for its Air Force landing strip and Heavy Vehicles Factory (HVF) etc. As a matter of fact the name Avadi has been derived from Armored Vehicles and Ammunition Depot of India. Avadi has also been famous for its lake which supposedly hasn’t dried out in many years and still serves as a water source for the farming fields along that region. It also has its name registered in the history book when session of the Indian National Congress was held at Avadi on 10 January 1955 in which prominent leaders like, Jawaharlal Nehru with Morarji Desai and other Congress leaders had participated. Avadi is recent times has seen tremendous change with regards to infrastructure development. This has led to considerable increase in residential market and is making Avadi the new desired destination for investment. Some government run and Defense based companies like Indian Air Force, Indian Army, Heavy Vehicles Factory (HVF), EFA-Engine Factory, Avadi, Combat Vehicles Research and Development Establishment (CVRDE), Central Reserve Police Force (CRPF), Indian Navy, Central Vehicle Depot (CVD), The Ordnance Depot [OD], Unfit Vehicles Park [UVP] and the Ordnance Clothing Factory (OCF) are located here and this is giving the market enough up-lift to enhance itself has the booming locality from what it is seeming to. Chennai Suburban Railway Network has a very good link of railroads at Avadi and this locality is very well connected by road to other localities and Chennai city. Avadi bus terminus is situated on the Chennai-Thiruvallur High Road (CTH Road) which makes it one of the bustling bus terminus. Nehru Bazaar is one of the most prominent and famous market in the area. Avadi also has a lot of good schools and colleges that offer quality education. Considering that this locality is just undergoing development and with the abundance of space it has to offer, many prestigious developers are coming up with apartments for sale in Avadi . These apartments offer state of the art amenities that provide comfortable community living with social amenities. Builder-floor apartments are more demanded and supplied in Avadi than multi-storey apartments as the multi-storey apartments work slightly more expensive than this. So one can also notice that the housing style in Avadi is directly oriented to the end user, unlike the other apartments for sale in Chennai . This adds value to the area and the property prices in recent times are around Rs 3,600 per sq ft. This makes Avadi an affordable destination for people working in companies around that area and for locals who wish to purchase a new home there. New industries or big companies have not yet found their way to Avadi and it seems it is only matter of time until that happens and we can witness Avadi market multiplying from its current investment potential.