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The Hottest Destination of Real Estate

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Real Estate in Chennai has been growing at a very rapid pace due to several factors. Chennai has certain features and advantages like location that make it unique and more interesting when compared to other metros and major cities.

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Page 1: The Hottest Destination of Real Estate
Page 2: The Hottest Destination of Real Estate

Real estate in Chennai has been growing at a very rapid pace due to several factors with industrialization serving as the topmost reason. Chennai has certain features and advantages like location that make it unique and more interesting when compared to other metros and major cities of the country.

Housing solutions are affordable, qualitative and guarantees high return on investment. Also, since the number of commercial ventures in the city is increasing; the need for commercial real estate projects is also at an all time high.

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Variety of Housing OptionsVariety of Housing Options

Flats for sale in Chennai today come in all shapes, sizes and prices. The need for customization is widespread and hasn’t spared the realms of real estate industry as well.

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Despite the massive colony of apartments that are being constructed, there still exists some scope of customization since customer requirements and preferences are varied.

And immense competition has driven real estate companies to introduce some extent of customization in the apartments today. Extensive researches are done before conceptualizing the design of every residential and commercial project. Hence, bespoke homes and apartments are no longer a distant dream for the Chennaities.

Several modern and Eco-friendly residential spaces have been constructed at different parts of the city. Exceptional properties in Chennai guarantee exponential capital appreciation in the long run.

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The Different Shades of Chennai ApartmentsThe Different Shades of Chennai ApartmentsThe real estate market of Chennai is largely categorized into residential and commercial. Flats for sale in Chennai hold different price tags owing to the difference in real estate standards and region specific demand. Some locations are simply more real estate friendly than many others.

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OMR, ECR, Medavakkam, Perumbakkam and Sriperumbudur fall under this category of regions. Several real estate developers construct affordable and qualitative residential projects to cater to different sections of the society. Therefore, real estate investment is not a far-fetched dream for thousands.

However, there continues to be an increasing number of luxury and premium apartments and residential projects with a big price tag. IT/ITES corridor and numerous other multinational organizations have contributed to larger income of Chennai dwellers.

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Commercial Development triggers Residential GrowthCommercial Development triggers Residential Growth

The increasing number of apartments for sale in Chennai is directly attributed to the quantum of organizations that have forayed into the city.

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Real estate developers have begun to construct state-of-the-art working spaces to accommodate the burgeoning demand for commercial projects. Location, infrastructure, amenities and connectivity are elements that cannot be compromised for a commercial venture.

As more and more such advanced projects take over Chennai’s landscape; a larger number of employment opportunities are created. With employment arrives population and population demands modern housing in close proximity to the workplace.

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Residential Real Estate market in Chennai Residential Real Estate market in Chennai Real estate market is handled by investors and primary buyers. The latter belong to the community of people who buy a home for the purpose of staying and investors are those who intend to allow the property on rent.

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Irrespective of the category one belongs to, both investors and buyers are exposed to numerous choices of ownership. There are luxury villa projects, premium flats, studio apartments, integrated townships and modern farmhouses. And each project is constructed bearing in mind the needs and preferences of the modern buyer.

Contemporary mindset also demands abundance of amenities preferably within the place of stay and these can include swimming pool, play area, fitness center, club house and security besides several others.

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Flats for sale in Chennai are perhaps the most sought after investment options since they are more affordable, higher in demand, adhere to community lifestyle living and come with modern amenities.

Residential apartments are hence observing stellar growth in a city like Chennai that is soaring past other metros in terms of real estate growth.

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Location Determines the Price and DemandLocation Determines the Price and Demand

Premium builders in Chennai always make the best choice when it comes to choosing the location of their proposed real estate project. And there are important reasons why they do so.

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➔ The region is complete with infrastructural growth and is poised to observe a lot more urbane developments.

➔ The region is expected to offer exponential rate of return on investments made today.

➔ Abundance of employment opportunities and proximity to several places of work.

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➔ The region is well equipped with fundamental yet contemporary destinations needed for living including fully functional hospitals, international schools, state-of-the-art hotels and restaurants, myriad shopping arcades and other spots that facilitate modern lifestyle of the urban population.

➔ Quick and extensive development of other residential and commercial real estate projects in and around the area.

➔ Variety of residential projects including apartments, luxury villas, integrated townships and other models reflecting scale of development.

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The transformation of Chennai ApartmentsThe transformation of Chennai Apartments

Although Chennai has always been keenly considered by premium real estate developers over several decades; it is over the last two decades that flats for sale in Chennai grew into a larger-than-life form.

Even when other metros of the country witnessed a slump in real estate growth, Chennai did phenomenally well as demand for housing and property prices went high.

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The Modern HomeThe Modern Home

Apartments for sale in Chennai have shifted from the more conservative budget apartments to large luxury spaces complete with all modern amenities. Rising income percentile is one of the important reasons why real estate investors do not mind shelling out some extra bucks for a worthy property.

The modern investor does not want to compromise on quality even if he is investing in the property for rental purposes. Location, quality of construction and materials used, maintenance post delivery and amenities are some of the factors considered before making a buying decision.

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The Modern CustomerThe Modern Customer

The modern customer wants his home or piece of investment to be contemporary, convenient, self-sufficient and a healthy place to be. He is educated and understands what the market can offer.

Apartment and villa projects in the city are constructed as per dynamic customer preferences and requirements.

The demand for amenities particularly has undergone tremendous changes and apartment structures of all sizes have in-built facilities conducive to urbane living.

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