The recent flood has shattered the city of Chennai in many ways. However, the real estate investment in the city still attracts mass attention as the city is empowered by IT/ITES establishments. The properties nearby IT corridors and other commercial zones have a consistent effect on the investment decision of the property buyers; post the massive flood till date.
Chennai real estate has taken a steep appraisal and the credit is majorly owned by the IT/ITES empowerment in the city. The recent flood also cannot swipe the enthusiasm of property investment in anyway. With the existence of the IT sectors, the cosmopolitan migration graced with the inception of contemporary style abodes in abundance.
Known for their conservative preference for residential choices, the prospect buyers in Chennai metropolis are off-late seen to change their preference towards designer apartments and community living. Flats in Chennai are created with all sorts of modern aesthetics to draw the attention of the purchasers. The city is also undergoing infrastructural makeover, to complement the realty upgradation. The metropolis in under scan by the top notch builders like Godrej Properties, Purvankara Projects, Tata Value Homes, KG builders, Siddharth Foundations, Mantri Developers, Adroit Urban Developers, Ozone Group, Casa Grande Pvt Ltd, Mahindra Lifespaces and many more.
The Outer Ring Road has been a gift for some imminent purchasers. While South Chennai has constantly beaten the limit with regards to purchasers' inclinations, the Outer Ring Road (ORR) made Northern Chennai ideal among purchasers. The variety of Chennai properties ranges from flats, villas, pent houses, row houses etc.
The typical area sizes of 1 BHK flats in Chennai vary between 500-650 sqft approximately, which has become the choice for the nuclear family. The humungous land bank in the suburbs motivates the construction of latest residential styles. The stringency in constructional facilities in Chennai’s CBD has created to the development and expansion of its boundary. Additionally the areas close to the IT and business hubs have gained enormous appreciations. The areas like ECR, Navalur, Porur, Varasvarakkam, Pallikaranai, GST Road, Velachery, Padur, Siruseri, Perumbakkam, Pallavaram are all posh locales experiencing the detonation of modern age housing concepts. The infrastructural reformation of Chennai has matched the modern style realty sketch of the city.
Another variety of 2 BHK flats in Chennai sizes 800-1200 sqft in area. These types of abodes are perfect for a small family. Be it a 1 BHK or a 2 BHK the apartments are modern and stylish that gear up the opportunity of leading a lavish and elite lifestyle.
Although the city harbors a rich bank of realty assets, the recent flood had created a massive mess-up. Chennai is coping up steadily, to achieve a full-fledged normalcy, in terms of its realty scenario and other business verticals. With the help of aids from all over the country and government, Chennai has started its conventional livelihood aptly. The realty scenario is soon to foresee a summit steeper than it was before, for sure.
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Top 5 Realty Areas in Chennai for Investment
The real estate scenario of Chennai is basically influenced by the IT/ITES and other business opportunities. Hence the locales that are close to the work zones receive maximum footfall of potential investors.
Whitefield Residential Township At Nandiambakkam Is the Ideal Destination In Chennai
Whitefield Residential Township at Nandiambakkam, Chennai is a lavish residential project, which harbors 2, 3, 4 and 5 BHK deluxe homes, with modish and chic outlook. The homes and the entire project are thoughtfully designed, satisfying modern constructional parameters. The locational significance justifies its elite existence. Additionally, the luring project is available at reasonable market price.
