Young Professionals in Chennai Favour Land Over Apartments

Chennai’s affordable homebuyers are moving away from apartments and towards investing in land, particularly in locations like Parandur and Avadi, that have not yet been developed. As seen at the recent CREDAI Chennai Fairpro Expo, plotted developments generated considerable interest among potential buyers.

According to experts, the demand for land is on the rise due to better metro connectivity, expanding IT corridors, and long-term value appreciation potential. Apartments typically have maintenance costs and fixed layouts, whereas land allows for more customization in homebuilding and future resale.

In the post-pandemic period, many young professionals have taken to seeking out investing opportunities by buying land—most of which they consider as secure, cheaper and promising investment vehicles. Another significant trend in the real estate market is the rise in the number of female homebuyers. A lot are investing in suburban apartments including 2 and 2.5 BHK units that offer a perfect combination of affordability and comfort.

But with infrastructure in Chennai ever improving along with property values in the city, suburban realty, both land and apartments, is fast emerging as a winning choice for first-time purchasers looking for long-term returns and stability.