For NRI investment in India, acquiring the property in itself is not taxable. However, the following are subject to income tax:
No. 19, K-Block,
A-1 Ground Floor, Anna Nagar East,
Chennai – 600 102.
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OMR, or Old Mahabalipuram Road, is a key area in Chennai, India, famous for its IT hub. It hosts IT firms, multinational companies, and ITES firms, attracting professionals. Government investments have led to improved infrastructure with wide roads, green areas, sewage systems, and water connections. It offers excellent connectivity via road and public transport, with easy access to different parts of Chennai, alongside the East Coast Road (ECR).
Social amenities highlight along OMR, featuring esteemed educational institutions like PSBB Millennium and Sathyabama University, renowned healthcare facilities such as Apollo Hospitals, and vibrant shopping malls. Noteworthy landmarks dotting OMR include the IT hub of Sholinganallur, the prestigious Tidel Park housing offices of several MNCs, and the historic UNESCO World Heritage Site of Mahabalipuram, celebrated for its ancient monuments and picturesque beaches.
While OMR offers a strong combination of work and life with its proximity to workplaces, commendable infrastructure, and diverse amenities, it shines as a good option for people looking for a holistic living experience.
Madambakkam combines city comforts with a suburban environment, attracting diverse residents. With good road connections like the Inner Ring Road and a handy flyover linking Camp Road and Madambakkam, getting around the city is easy. The area also has reliable public transport options like buses, cabs, and autos for residents’ convenience. Situated near major IT hubs like Tidel Park and DLF IT Park, Madambakkam is a desirable choice for IT professionals looking for accessibility to work.
Moreover, Madambakkam offers a range of amenities, including supermarkets, banks, schools, hospitals, and parks, enhancing the quality of life for its residents. With well-maintained infrastructure, consistent water supply, and enhanced safety measures such as street lighting and police patrolling, Madambakkam provides a secure and comfortable living environment.
Overall, Madambakkam’s strategic location and abundant amenities make it an appealing choice for both professionals and families looking for a convenient and enjoyable living experience.
Pallavaram is renowned for its convenient living and affordability. With its strategic location, residents enjoy easy access to key transportation hubs such as the Chennai International Airport, GST Road, and Outer Ring Road, facilitating strong connectivity to various parts of the city. Moreover, the suburb’s proximity to prominent IT corridors like OMR and Guindy translates to more job opportunities across sectors including IT, manufacturing, and healthcare, increasing career growth for residents.
Notably, Pallavaram stands out for its affordable housing options, making it an attractive choice for both young professionals and families seeking quality living spaces within their budget. Additionally, it promotes a strong social infrastructure, comprising reputable schools, colleges, hospitals, and shopping centers, thus ensuring a well-rounded residential experience that serves diverse lifestyle needs.
Overall, Pallavaram emerges as a desirable residential destination, offering a combination of convenience, affordability, and top-notch amenities for its residents.
Tambaram is gaining popularity for several compelling reasons. Firstly, its strategic position ensures easy access to various parts of the city, thanks to well-connected roads like GST Road and OMR, as well as a major railway station like Tambaram railway station, facilitating seamless commuting for residents. Moreover, Tambaram is experiencing rapid infrastructure development, including road expansions, construction of flyovers, and improvements in public transportation. These enhancements reduce travel times and provide overall convenience for residents.
Tambaram is a great pick for tech workers due to its proximity to IT zones like OMR. Families prefer it for the schools like Bharath University and MCC. It’s cost-effective yet offers good living standards, making it a balanced choice in Chennai. Also, Tambaram’s growth prospects make real estate investment here promising, likely leading to property value increases.
In summary, Tambaram’s excellent connectivity, ongoing development, proximity to IT hubs, educational institutions, and affordability and investment potential collectively make it a highly sought-after location for those seeking a convenient and well-connected place to live in Chennai.
Guduvanchery, situated on the outskirts of Chennai in south India, is quickly becoming a sought-after location for both residents and investors. Its strategic position along the Grand Southern Trunk (GST) Road, a major highway linking Chennai with other cities, ensures convenient connectivity. Additionally, it boasts proximity to key routes like the Chennai-Trichy Highway and the Outer Ring Road, simplifying travel within the city.
With its own railway station, commuting is further facilitated, enhancing accessibility to Chennai and beyond. The area’s appeal is bolstered by its proximity to prominent IT hubs, catering to the needs of IT professionals. Families benefit from nearby esteemed institutions such as SRM University. Furthermore, Guduvanchery offers easy access to air travel. In the middle of rapid development, characterized by new infrastructure and growing businesses, property values are appreciated.
The locale provides an extraordinary living environment, complemented by an expanding cluster of amenities. On the whole, Guduvanchery’s strategic positioning ensures connectivity to various parts of Chennai, promising a growing and improving residential environment.
