The real estate market of a specific region is affected by factors that are specific to that region.
The real estate business of an area will gain momentum due to urbanization, Growth of the IT sector, and the development of affordable housing.
The proper commutation and improved facilities will help a region soar in popularity.
The proposed projects in an area will always act as a catalyst for the growth of the area.
It is clear that in the future Guduvanchery real estate market is going to have more progress and demand.
The demand for the plot in Guduvanchery is set to grow manifold in the next 10 years.
The TIDCO selected 250 acres of land in Potheri and 100 acres of land near DLF in Chennai for their proposed project Financial Tech city in a “ Hub and spoke” model.
The hub and spoke model financial tech city will have international banks and stock exchange centers at their place.
A good number of business transactions will take place regularly in the Financial tech city.
The Potheri is in Kattupakkam, Kanchipuram district. The nearby Maraimalai Nagar, Guduvanchery, will benefit significantly from this proposed project.
Approximately 25,000 to 30,000 people will get job opportunities from this proposed project.
Tremendous growth will happen in these areas.
The airport authority of India is continuing the construction of Chennai international airport phase ll in a well-phased manner.
The estimated cost of the project is Rs.2476 crores. And the project is expected to be completed in Dec. 2022.
It has been designed with Advanced features and world-class facilities have been planned to handle both international and domestic flights simultaneously.
The Guduvanchery is just 21 km from the airport. It will get very good advantages from national and international flight services.
