Property in Chennai
Chennai has been hit hard since the last few months. Demonetization then the death of their favorite Chief Minister then Cyclone and protests, the state has faced a lot. People are very skeptical about whether they should buy a property in Chennai or not. But the realty experts feel that the property market in Chennai is least affected by all this and will continue to perform well in the coming years too. Renowned as a manufacturing hub, it has transformed itself very well in terms of education, infra-facilities, healthcare facilities, and quality of life.
Some of the key triggers why one should buy a property in Chennai are:
The city is home to several leading automotive market players, like Renault-Nissan, Ford, Hyundai, etc. It also has an expanding IT/ITES industry, along with electronics and telecom. The increase in the innumerable employment opportunities has stimulated the demand for residential and commercial properties in Chennai and in areas adjoining it.
The increasing economic strength has enhanced the interest and confidence of many top builders to come up with their affordable or luxury projects over here.
The real estate prices in Chennai are appreciating steadily. There is a soaring demand for apartments, flats, condominiums, etc. and is expected that the rates will go up higher. It is expected that in the near future the real estate over here shall grow further and an investment made today will fetch you greater returns in the years to come.
The city offers a horde of options in all realty segments. It is a perfect place for those who are looking for an affordable yet premium apartment living complex. Many leading developers of the country are flocking Chennai by offering their best projects featuring world-class architecture, state-of-the-art amenities, renowned interior designs, etc.
There are an array of civil infrastructure projects planned in the city that includes bus terminus, flyovers, expansion of roads, etc. that lead to great connectivity and smooth and hassle-free traveling experience. The Phase II of Chennai Metro will have 3 corridors with 104 stations, and the major transit will happen over North Chennai.
The city has its roots in the North, with prominent areas like Parry’s, Georgetown, and Broadway being as old as the city itself. North Chennai is one of the favorite destinations of the city that offers a high return on investments. Its public and industrial sector generates thousands of job opportunities and helps the employees find their dream abodes nearby. The upcoming infrastructural projects will also make your realty investments profitable in the long run. The city enjoys superb connectivity in terms of railways, roads, local trains, and MTC bus. Great transportation facilities, better trade are not only increasing the growth prospects but also helping people make investments at affordable rates.
Some of the notable developments in Chennai are Hiranandani Parks, Godrej Azure, Mahindra World City, Godrej Palm Court, DLF Commanders Court, etc.