What are the Main Market segments

of Real Estate in Chennai?

Since, the middle class segment is vast in the Chennai city, the mid-market

segment has been a popular sector of Real Estate business and the builders in

Chennai. The mid-market segment apartments for sale in Chennai are priced in

the range between Rs. 40 to 80 lacs. The high-end segment also has takers and

is priced over Rs. 2 Crores. Grand luxury projects are proposed in upscale areas

like Nungambakkam and Guindy with massive number of apartment units at

elite prices. These kind of luxury apartments for sale in Chennai have world

class facilities like business lounge, swimming pool, cafeteria, automatic car park

etc.

What kind of Market do we find in Chennai?

The Real Estate market in Chennai is very robust. There has never been a crash

in the past three decades in the Real Estate market. Therefore the Chennai

market provides safe investment atmosphere with respect to Real Estate. The

upscale segment is booming with proposed luxurious residential structures in

the Central Business Districts like Nungambakkam, Poes Garden, Alwarpet...etc.

Why are the Real Estate property prices going

up in Chennai as opposed to other cities?

The stability of the Real estate market in Chennai has been well maintained over

years. An erratic pricing scheme would only result in insecure builders in

Chennai and also consumers. Early bid offers are offered with a percentage of

deduction in the overall price. Apart from that all apartments for sale in Chennai

are sold at a standard market price.

Is this a good time

to invest on Real Estate in Chennai?

This is certainly a great time to invest in the housing segment. With the global

market recovering from recession, there are many projects in construction at

popular localities. Prices have stagnated for a while, so it is a good time to take

advantage of this factor before liquidity.