If you are planning to invest in Chennai’s rapidly flourishing real estate market, choosing to buy a plot of land in the city can be a particularly smart choice. Plots are relatively more affordable than apartments and villas, and hence, can prove to be quite an advantageous investment vehicle for first-time investors and those with a limited budget. Several well-established real estate companies offer budget-friendly, CMDA-approved plots in Avadi. Such strategically located plots are likely to appreciate significantly over time, yielding lucrative profits.
Why Buy a Plot in Avadi?
The property market in western Chennai has been generating a lot of interest over the last few years, with localities like Ambattur, Anna Nagar, Alapakkam, and Avadi emerging as real estate hotspots. Avadi has especially become a widely favoured destination for investors looking for a budget-friendly plot with good infrastructure. Buying a plot in this steadily growing suburb would be an excellent decision for anyone desiring to capitalise on Chennai's burgeoning urban development.
- Strategic Location and Seamless Connectivity: Lying just 24 kilometres from the city centre of Chennai, Avadi is an ideal residential locality for people seeking the tranquillity of suburban living along with the convenience of city life. Avadi is well-connected to important parts of Chennai via both roadways and railways. The Avadi Railway Station is a part of the Chennai Suburban Railway Network. The Chennai-Bangalore Highway (NH 44) and the Outer Ring Road provide this locality seamless access to key areas of Chennai.
- Educational and Healthcare Facilities Within Easy Reach: A number of schools, colleges, hospitals, supermarkets and banks are easily accessible from Avadi, making it a particularly appealing residential neighbourhood for families. Whether you have school-going kids or live with aged individuals who require regular doctor’s visits, buying a CMDA-approved plot in Avadi and building a house in the locality would be an excellent decision.
Its connectivity and social infrastructure especially make investing in a property in Avadi a smart, practical choice. With new infrastructure projects in the pipeline, including metro rail expansion, the value of land in this locality is expected to rise substantially down the line. Hence, you can easily buy a budget-friendly plot in Avadi today and sell it off at a good profit in a few years. Before making this investment, however, you must make sure that the plot is approved by CMDA.
What Is CMDA?
The Chennai Metropolitan Development Authority (CMDA) is the statutory body responsible for regulating and planning urban development in the Chennai Metropolitan Area, or the CMA. CMA not only includes the city of Chennai, but also certain surrounding suburban localities like Avadi, Tambaram, as well as parts of the Kanchipuram and Thiruvallur districts. The CMDA strives to make sure that development in the CMA region is legal, orderly, and follows the approved master plans. It grants layouts and building approvals, prepares detailed development plans, and works in coordination with local bodies like the Corporation of Chennai, municipalities, and panchayats.
What Is CMDA Approval and Why Is It Important?
CMDA approval refers to the official permission granted by the CMDA for land development or for building construction. This approval confirms that a plot of land or a construction project complies with the CMDA's planning documents.
In case you buy a plot in Avadi that is part of an unapproved layout, you may face several issues, including rejection of bank loans, denial of water and electricity connections, and even legal action from authorities. Buying a CMDA-approved plot in Avadi, on the other hand, would provide you with the peace of mind that the land is legally compliant and recognised by government bodies.
Author bio: Being a real estate developer, the author has vast knowledge of the real estate industry. With her knowledge, she helps people with their real estate-related concerns and queries through her blog.
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