Chennai is one of the most important metro
cities in India and is a major trade center. The Chennai real
estate is in huge demand, whether it is residential, commercial or retail. As
software professionals are paid handsome salaries, they prefer to have
luxurious lifestyles wherein they find affording 3 bedroom apartments too easy. So it is a wise
decision to invest in Chennai real
estate. Many people get confused in the terms of flat, plot, and villa.
Flat :-
Its on a single floor. Flat & Apartment are the one portion of
dwelling
unit out of several units in a same building.
unit out of several units in a same building.
Villa
:- A villa is more like a house (here you can get
a stand alone villa or a villa in a compound)
Excellent investment options with properties in Old Mahabalipuram, Tambaram, East Coast Road and Thilluvar topping the charts. T.Nagar, Mylapore, Abhiramapuram, Adayar, etc. in Southern and Ashok Nagar, Manapakkam, areas of Koyambedu such as Mogappair in Central Chennai generate maximum demand. All these places are popular for their proximity to schools, hospitals and industrial areas. An increase of 5% in real estate property is expected but prices will remain stable for most of it.
Excellent investment options with properties in Old Mahabalipuram, Tambaram, East Coast Road and Thilluvar topping the charts. T.Nagar, Mylapore, Abhiramapuram, Adayar, etc. in Southern and Ashok Nagar, Manapakkam, areas of Koyambedu such as Mogappair in Central Chennai generate maximum demand. All these places are popular for their proximity to schools, hospitals and industrial areas. An increase of 5% in real estate property is expected but prices will remain stable for most of it.
OMR,
Old Mahabalipuram Road: OMR has become an important IT centre of the city and
is, therefore, witnessing a lot of real
estate activities. Mega residential townships are being developed offering
clean water, unpolluted environs and peaceful living.
ECR,
East Coast Road: This area is one of the most preferred residential spaces like
flats and plots as it offers magnetic scenic
beauty.
The
retail industry of Chennai is also growing with number of malls, shopping
complexes, etc mushrooming in the city. The areas of N.M. Road, Vadapalani,
P.H.Road, Anna Salai, C-IN-C Road, OMR, Velacheri and N.H.Road are seeing
development in the retail sector as well as in real estate too.
The
infrastructure of Chennai property
market needs a little more attention to make it one of the most happening
places of India.
