North Chennai is one of the best locations to invest in the dynamic real estate market of Chennai. Still, people often get confused between Madhavaram, Perambur, and Korattur when investing in residential projects in North Chennai.

These three localities are among the fastest-evolving micro-markets in North Chennai, offering a blend of affordability, connectivity, and infrastructure. Additionally, these areas offer a higher rental yield.

Now, the confusion is which locality in North Chennai offers a better return on investment (ROI). In this article, we will provide a comparison guide between Madhavaram, Perambur, and Korattur, based on various factors.

Overview of the Neighbourhoods

Before comparing these key areas head-to-head in North Chennai, it would be beneficial to understand the overview of these localities. Here is the overview of these key areas:

1. Madhavaram

It has transformed over the past few decades. Previously known for its milk colony, now it is popular for its developing real estate and quality of life. In addition, Madhavaram has become an ideal location for the presence of educational and healthcare institutes. An upcoming metro project, better roads, and a new apartment project are some of the reasons behind its growth.

2. Perambur

This area is one of the most populated regions in North Chennai. Perambur mixes traditional charm with modern amenities. In addition, you will get excellent railway connectivity with a growing commercial sector.

3. Korattur

It is located in the Ambattur zone of the Chennai corporation, which is also popular for being a calm, green, and well-planned locality. In addition, Korattur is popular for its connectivity and is considered a safe and community-oriented locality.

Madhavaram vs Perambur vs Korattur: Connectivity

Connectivity is one of the major factors that people consider before making a purchase. Madhavaram, Perambur, and Korattur have better connectivity options in North Chennai. Below are the details of connectivity in these key areas:

Connectivity in Madhavaram

It is well-connected by roads with significant highways and local roads that give access to the other parts of the city. In addition, you will find public transport, like auto-rickshaws, taxis, and MTC buses in Madhavaram. Moreover, the Chennai Metro phase-2 will also improve connectivity to key areas. Plus, it has a bus terminus. In addition, it is near the Perambur Station.

Connectivity of Perambur

It is additionally well-connected to the other important regions of this city by rail and roads. In addition, it has many railway stations, including the popular Perambur station. Moreover, the area has easy access to the Chennai Central railway hub. Furthermore, you will find many bus terminals in this area.

Connectivity in Korattur

Similar to Madhavaram and Perambur, this location will also provide you with many connectivity options. Here, you will find many buses and trains. Moreover, there are many nearby metro stations.

Rental Yields & Demand

Locality	Rental Yield (Annual)
Madhavaram	2%
Perambur	2%
Korattur	4%

The data from 99acre mentioned above indicates that Korattur leads in terms of rental yields. However, Madhavaram and Pshowur show relatively lower rental yield. Still, Madhavaram has good long-term capital appreciation due to ongoing development.

Real Estate Appreciation Trends

This trend is important to consider when you are purchasing an apartment with an investment intention. We have listed the appreciation trends of all three popular locations in North Chennai below based on the data of 99acre:

Final Verdict: Which North Chennai Locality Offers Better ROI?

You can consider investing in apartments in Madhavaram because it is the winner of ROI with a 55.8 percent appreciation rate and metro connectivity. Therefore, it is a solid choice for investors who are looking for value appreciation over the next 5 to 10 years.

Although Korattur would be an excellent choice for investors looking for passive income due to its 4 percent rental yield. Similarly, you can consider Perambur to get convenient infrastructure.

No matter where you want to invest. Visit https://silverskybuilders.com/. to find the best apartments and flats at affordable rates. Since Madhavaram is the winner in terms of highest ROI, we have an attractive range of apartments in this region.