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Real Estate in Chennai

Real Estate in Chennai: Real Estate in Chennai has opportunities for good Investment and living. Find wide range of residential and commercial projects for buy/sell in the sprawling locations in Chennai.
 

Chennai has emerged as one of the hottest real estate markets in India due to its rich history, as well as its culture. The city is a social and trade hub and is one of India’s four metropolitan cities. Over the last few years, Chennai has emerged as a leading real estate destination due to a booming economy. The city is a home of a multitude of top national and international companies from sectors such as automobiles, IT and ITeS, banking and finance, electronics hardware, medical tourism, petrochemicals and textiles, and entertainment industry. The city generates thousands of jobs which attracts people from all across the country. This has given a boost to real estate in Chennai.
A number of factors have contributed to Chennai emerging as one of India’s favourite real estate market. There has been an increase in the demand for residential and commercial property in Chennai. People like living in the city due to its diverse and cosmopolitan culture. It is considered one of the safest cities in India by the Quality of Living Survey. It a truly global city worth living, and has been chosen under the Smart Cities Mission to be developed as a Smart City.
By Investing in property for sale in Chennai you can get good returns. There are a number of homes like affordable homes, apartments, row houses, villas, bungalows, luxury homes, etc. for different budgets and tastes. If you would like to invest around Rs 30-50 lakh, you can invest in affordable homes or 1 or 2BHK apartments in Chennai, in case you have a budget of over Rs 1 crore or more, you can consider investing in row houses, villas, bungalows or luxury homes. A number of developers have launched premium and affordable properties in the city to meet the needs of different buyers.
Over the last two years, there has been significant growth in real estate in Chennai, and the city is expected to see good returns over the next 5-10 years. The city is in a growth phase, and the property prices are likely to increase in the future as well. Chennai has seen an FDI investment of Rs 1.18 crores between 2011 to 2017 and even more, investment is expected in the city over the next few years. Chennai is being developed as a Smart city which will further boost demand for property in the city.

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