Recent developments and growth of real estate in Annanur
Annanur is located near Avadi at a distance of around 20 km from the Chennai City Centre. Some recent developments in the area have resulted in growth of real estate industry in the locality. The growth is all round but particularly noticeable in case of 1 BHK apartments in Annanur that are great demand these days.
Recent developments that have substantially contributed to such growth of real estate business in and around Annanur are the new railway roads. One of them is from the Annanur Railway station to Murugappa Polytechnic that also has connectivity with NH 205. The other one nearing completion is 30 feet railway road. Compared to many other areas in the vicinity of the Chennai City the residential areas in Annanur enjoy greater popularity.
One of the major reasons for growing demands for 1 BHK apartment in Annanur is that many students studying in polytechnics and colleges prefer staying in the area because it has excellent rail and road connectivity to all those academy locations. The other reason that has contributed to the growing demands for apartments, especially 1 BHK in the area is the scarcity of availability of hotels and other accommodations. Also the apartments come much cheaper in terms of rents in comparison to the hotels.
Tourists and travelers to Chennai area also prefer short stay in these apartments in Annanur because of the surrounding natural beauty and large lakes like Arpath, Ambattur, Thrimullaivoyal, and many others including the famous Red Hills Lake.
Most of the local residents are railway employees or public servants and most of them have transferable jobs. They prefer staying in affordable rented accommodations for which the 1 and 2 BHK apartments let out by local inhabitants come up very handy. A recent development in the zone of real estate in the area is development of flats and demands for their sale and renting.
Annanur has excellent road and rail connectivity. The Chennai Tirupati NH 205 connects the railway station with a 60 feet road connecting the NH with the railway station. Some strategic new road projects are in the offing that would certainly enhance the importance of real estate properties in the area.