Chennai betters Mumbai and other Metros

in Real Estate business

Real Estate in Chennai witness a stable demand trend even when economic slowdown has affected

most industries across the world. One of the most important reasons for this is that South India’s

major metropolis is largely an end-user driven market. Other metros like NCR and Mumbai

demonstrates major price upheaval throughout the city but Chennai observes such price increase

only within certain pockets. This means that there continues to exist many regions that are still

accessible by the middle class community price-wise. Apartments for sale in Chennai have

differential price tags depending upon their locations and hence a large cross-section of buyers can

make these properties their home even today.

Here are some quick and obvious reasons that keep the demand and growth of Real Estate market

in Chennai relatively stable regardless of the economic conditions in the country or outside.

Lack of Speculation!

It has now become obvious that Chennai’s Real Estate

market is influenced by end users. Investor participation

here is long term and people prefer apartments for sale

in Chennai largely for investment or residential purpose.

Unlike other major metropolitan cities, Chennai does not

witness immediate buying and selling of properties to

realize quick money. Such Real Estate dealing trend

cannot be seen in Chennai and hence the market is

least speculative when compared to other metros.

Buyer Preferences

The demand of apartments for sale in Chennai is backed by concrete preferences of people since

they are used for the purpose of primary consumption. Real Estate investors in Chennai are specific

about what they want to buy, their requirements are concrete and long term. So, the market is not

filled with properties of low standards and quality. Anything and everything do not sell in Chennai

and because of that prices are also more or less stable.

Chennai is Expanding...

Although there is a strong preference towards the

Central Business District when it comes to buying

residential flats, people have begun to move towards

greener and more open pastures in search of the right

property. Therefore, the paradigm shift towards the

city’s peripheral and suburban regions has opened up

the market and resulted in steady prices.

Increase in Township projects

Chennai over the years may have seen considerably fewer township projects but this is expected to

be a new trend since many builders in Chennai are today focusing on the creation of integrated

townships over and above the regular flats for sale in Chennai.

Integrated townships represent living spaces that are combined with all facilities required for

leading a happy and modern lifestyle. This means the presence of schools, hospitals, medical

centers, fitness clubs, retail units, recreation centers and other commercial activity spots within the

compound of where you live. Chennai is today home to integrated townships and several flats for

sale in Chennai are today built this way. Large integrated townships are sprouting in different

regions of the city thereby making Chennai affluent, contemporary and efficient.

Variety interests public

Individual houses, flats and Villas that constitute residential Real Estate in Chennai comprise of

different kinds and types of units. Flats for sale in Chennai by itself are of different kinds ranging

from amenities to budgets and beyond.

Modern Apartments

Apartments for sale in Chennai today are state-of-the-art homes that are spacious, have lot of lung

space and Eco-friendly abodes. They are tastefully architected and meticulously constructed

conforming to environment friendly norms. Quite contrary to the apartments of earlier decades,

modern apartments look opulent and are constructed to suit the palate of urban customers.

Moreover, there is an abundance of contemporary amenities in the new age apartments that range

from power backup to swimming pool, sports courts, security, play area, fitness centers and

clubhouses. Most apartments today come with these works and are hence preferred by investors.

There are several flats for sale in Perumbakkam and Medavakkam, and some other preferred

locations of the city that house a profusion of urbane amenities.

Opulent Villas

Villas and farmhouses are largely constructed in the suburban locations of Chennai since availability

of land in the CBD is scarce for the development of sprawling villas. Villas are built on large plots of

land and represent community living that characterizes urbane lifestyle.

Today, flats for sale in Chennai have internationally emerged as the primary destination of long

term investment. Although there is heavy demand for specific locations, Chennai by itself presents

a very lucrative market for investors from within

the country and abroad. This scenario has become

especially true after the PriceWaterhouseCoopers

report that put Chennai on the top list of best

investment destinations in Asia Pacific. As the

visibility factor of the city improved, more and more builders are showing interest in creating

architectural marvels in the city. And it is not just the Central Business District (CBD), even the flats

for sale in Perumbakkam and Medavakkam(suburbs), OMR and Oragadam are observing invincible

demand.

Builders in Chennai