What makes Chennai prefer Residential Apartmentsand Flats?

If you have observed the realty scene in Chennai, you are likely to have noticed thedramatic increase in the number of flats for sale in Chennai. Chennai was alwaysknown as a conservative market with real estate investors having concrete preferenceswhen it comes to location of home, nature of property and amenities in the surroundingareas. Today, the city is witnessing innumerable changes with respect to all three factors.The abundance of residential apartments in Chennai especially in the suburban regionsstands testimony to the changes in the mindset of the average real estate investor in thecity.What has caused this transformation? Why have flats for sale in Chennai become thehottest fad in the last two decades and expected to burgeon going forward?

1. Community livingMany aspects in the country aretoday a result of the influenceof the west. Community living,for one, came to the countryfrom the west. There areseveral apartments in the citythat are complete with amenities for the urban residents. This kind of sharedspace implies a hassle-free lifestyle, round-the-clock security and societaldependencies that the modern investor requires.

2. Lack of spaceChennai is not a new city. Although the city has big expansions plans, the

availability of land is not adequate to cater tothe construction of independent homes. Everyresidential unit today is home to manyresidential apartments in Chennai. The problemof land parcels is thus eliminated especiallywhen the population of the city is growing byleaps and bounds.

3. Abundance of amenitiesThe availability of land for theconstruction of independent homes andvillas may be relatively less but thenumber of amenities available withinevery residential unit is a large number.People today desire these amenities thatmake life simpler and lifestyle upscale.There are several home owners and realestate investors that prefer those flats forsale in Chennai that come with a profusion of amenities for the entire family.

4. SecuritySecurity is a factor of concern in everycity today and not just Chennai. It is auniversal thought that apartments orflats offer better security thanindependent homes since there is not justan appointed security personnel to take

care of the premises but the presence of other homes in the closest vicinity.

Hence, residential apartments in Chennai are today preferred by the modern dayinvestor.

ABOUT US

Akshaya was founded in 1995 under the stewardship of Mr. T. Chitty Babu, a leading light ofthe real estate industry in India. It has grown into one of the most awarded companies in thecountry acclaimed for its transparent business practices and innovation. The journey over thelast 19 years has seen the company excel in both the home and commercial domains bybuilding more than 150 magnificent edifices in South India.

CONTACT US

Akshaya Services Private LimitedCapitale,

No. 22, 2nd Street, Nehru Nagar,Adyar, Chennai - 600 020.

Tel: 044 - 2445 1818Website: www.akshaya.com