Demand for plots in Chennai on the rise: Recent survey

Plots and township

The demand for plots and plotted developments in Chennai and other cities have gone up considerably, says a report from Anarock. With 22%, Chennai stands second in the total sales of plots among the top eight cities. Bengaluru comes first in the list with 31%.

The post-pandemic scenario has greatly changed the preferences of homebuyers. The need for social distancing, acceptance of work-from-home options, and more similar reasons were the prime drivers behind the change.

One plotted development that stands out in the crowd is at Hiranandani Parks, Oragadam. Located in a bustling industrial hotspot, the 360-acre township is home to Tierra, ready to build plots. The plug-and-play model plotted development has a fine range of exclusive features and amenities that are not available in other developments. Consequently, there has been a considerable increase in the demand for plots within the township. Here are some points that make investing in Hiranandani Parks a wise decision.

Ultra-modern civic infrastructure: The ready to build plots come with a long list of exclusive facilities that include provision for cables from FP/Transformer to each plot, sewage connection with well-designed uPVC conical chambers to carry maximum sewage, stormwater drains built with RCCs & culvert for main roads and streets, provision for fibre optic cables from telecom services and beautifully paved roads for each of the plots. Not to forget the 24 X 7 pure water connection, access to a water treatment plant. themed gardens and more than 40 amenities. What’s more, the hassle-free documentation process allows the plot buyers to construct their dream home from day one.  

The aftereffects of the pandemic: The pandemic has turned the working experience on its head, the work-from-home model became the new norm for workers around the world. Forcing many to make changes in their home to accommodate the office setup. According to a survey, 65% of the respondents said that they would prefer to be full-time remote workers. The same survey said that the top reasons for this are lack of commute and increased opportunities for saving. The presence of a top-class CBSE school, 24×7 hospital, retail avenues, sporting amenities, and more facilities at Hiranandani Parks offer the perfect environment to lead a healthy work-life balance.

Greater flexibility: Another important reason is that a plot offers greater flexibility as the construction can be done as per one’s preference. In the case of flats, the scope for modifications and expansions is limited. Experts also add that the plot buyer has the flexibility in terms of timing the construction as they can plan it as per the availability of funds. The special offers that come up when you buy a plot at Hiranandani Parks which includes free design to build your dream home and a flexible payment option give you more freedom to build your dream home.

Better appreciation: According to industry experts, plots offer a greater return on investment, especially against apartments. As apartments become older, their value either depreciates in comparison to their peak levels or remains stagnant. Whereas age does not affect investment in plots, the worth of a plot rises with time. At Hiranandani Parks, the location, surrounding infrastructure, and the quality of neighbourhood push up the value of the plots too. 

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