Guindy was once known primarily as an industrial hub. Over the years, it has transformed into a thriving hotspot for corporate and residential real estate. The thriving real estate market in Guindy is largely driven by its connectivity and flourishing commercial landscape.
Chennai is often referred to as the ‘Detroit of India’ due to its robust industrial landscape and stands at the forefront of economic growth. The flourishing economy of this city is impeccably complemented by its rich cultural heritage. Chennai also has a dynamic real-estate landscape. The demand for apartment in Guindy and similar, well-developed parts of the city is especially high.
Chennai maintains a conducive environment for thriving businesses, which has led to a steady influx of investments and growth in job opportunities in the city. IT parks, industrial zones, and an expanding start-up ecosystem in the city have especially transformed Chennai into a perfect destination for professionals seeking career growth. As employment opportunities available in the city go up, so does the demand for residential properties in the city. Apartments or flats particularly have experienced a parallel surge in demand. Investing in real-estate in Chennai can especially prove to be a smart decision now, with property values in the city appreciating steadily.
Buying property in Guindy
Guindy was once a popular industrial region, but has emerged as a prominent residential hotspot of Chennai over the years. This neighbourhood is located in the southwest part of Chennai. The presence of central business districts (CBDs) and IT offices in the area, along with proximity to the airport and influx of IT workforce, has significantly accelerated property values in Guindy. While it was earlier considered to be only a major commercial hub, the real estate market in Guindy has undergone a major transformation, and evolved into a prominent housing market in the city. There are many factors contributing to this trend.
Connectivity
Guindy is a fairly well-connected locality. It enjoys convenient road and train services that connect it to diverse parts of Chennai. Guindy is served by a robust network of MTC buses that facilitates easy commutes to many important areas of Chennai. This neighbourhood also enjoys train connectivity through MRTS and Metro stations. St Thomas Mount, Saidapet and Guindy are the nearby railway stations here, with Guindy Railway Station being the closest.
There are several major roads that pass through Guindy and connect it to SH 49. These roads include GST Road, Inner Ring Road, Jawaharlal Nehru Road, Anna Salai and Mount-Poonamallee Road. Guindy also enjoys good connectivity to Chennai International Airport via Cthe hennai - Nagapattinam Highway/Chennai - Trichy Highway.
A corporate hub that offers lucrative employment opportunities
Guindy is a thriving corporate hub. Over the years, it has attracted several global corporations from diverse industries. Guindy provides easy access to prominent IT parks, bustling business districts, and industrial zones, which have significantly boosted employment opportunities in the city. The surge in economic activity in the area plays a huge role in driving the demand for both residential and commercial properties in the region.
The influx of enterprises in Guindy has contributed to the overall development of the area and helped foster economic growth alongside Chennai’s real estate market. Properties in the area are in demand among investors, home seekers, and businesses alike.
There are several renowned real estate companies that offer apartments in Guindy. Investing in such apartments would be a good way to earn a consistent rental income and benefit from high ROI down the line.