The market sentiments have been augmented in the previous years. The transformations have also improved the transparency of the real estate business in the future. The year 2018 had been a mixer bag of fortunes for the Chennai real estate and Indian market in general. The revival in fortunes can be seen in the early part of 2019. The residential segment had seen a huge growth in previous year, especially because of the interest from NRI investors. In 2019, we expect more real estate projects to emerge, and Chennai being one of the promising cities in South India, will have major boom in the housing sector.
When it comes to places that are alluring investors, the following places top the list:
The social infrastructure of the Grand Southern Trunk road makes it one of the most sought out localities. The host of educational institutions, hospitals
This is a planned residential community with enough space for commercial ventures. The new host of spaces for various commercial complexes make the locale around, which includes Madipakkam, Adampakkam
Unlike the options mentioned here, Adyar is a very promising locality that has options for the luxurious residential options. Being very proximal to Chennai IIT and the Rajiv Gandhi Express Highway makes it a proper place to get settled in the prime of the city, without losing access. The price of the residential options in Adyar
4. Maraimalai Nagar:
The hub of industries and software companies make it a boon for the low budget buyers. The range of 50 to 60 lakhs is what the investors need for a 3 BHK apartment here. The cost per square feet residential properties is 3900 INR. With reputed educational institutions for schooling and graduation in the close proximity this is another choice the investors should consider.
One of the fast-emerging areas in Chennai, Old Mahabalipuram Road (OMR) is one of the most preferred areas to settle in Chennai. This neighborhood is dotted with a lot of residential projects and IT Companies,making it the most sought-after location for property builders as well as potential home-buyers. Surrounded by reputed educational institutions, the price ranges from Rs.4,040 to 5,880 price per sqft. If you are looking for a residential locality to invest in, the amazing locality of Old Mahabalipuram Road ought to prime your list.
Click here to know the list of properties in this spectacular locality .
India’s sixth largest metropolitan city, Nungambakkam is proliferated with spectacular educational institutions, shopping malls, amazing restaurants, important government offices, foreign consulates and cultural centers. Well connected by road and rail network , the price per sq ft at
Click here to know the properties which are in Nugambakkam .
Chennai being the top 10 preferred destination for IT and BPO, this is the right time for you to start your research and to plan your investment.
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