Get Apartments for Sale in Chennaiby Vinita Shah Customer Delight Executive
Today the real estate sector in Chennai has undergone a paradigm shift. The commercial properties in Chennai have reached up to a level where it is difficult to purchase a property in the crucial locations of Chennai. The residential property preferences amongst the people are also changing. The recent trend shows an alarming growth in the property rates especially for the commercial properties. In the areas such as T.Nagar, IT, Anna Nagar and Adyar the value ranges between 50 lacs and often goes upto 5 crores depending upon the requisite unit area.
As most of the localities have reached a saturation level, new software companies and localities are flocking near the OMR, GST Road, and NH4. The relief is that these developments are available at affordable prices with a larger chunk of area.
The rise in the commercial sector as well as the growing influx of IT professionals has raised the prices of the residential flats and Apartments in Chennai. There is also a substantial increase in the property tax by the state government of Chennai. This has led to increase in the rates of flats for sale in Chennai.
Due to an overall betterment of both salaries and lifestyles more people are turning towards a luxurious life style. This trend has become popular with the properties in Chennai. Now, people are drifting towards lifestyle , customised homes. Thus the trend of 3 bedrooms Apartments for Sale in Chennai is ever increasing.
The latest trend in Chennai is the apartment flats. They have been gaining popularity because of the rise in the population of Chennai and lack of space. Every day professionals from across the country fly down to Chennai to make a career in software and IT sector because of its increasing employment opportunities in this field. They then start looking for flats or apartments. It is also because of them that the rates of the flats for sale in Chennai are increasing every day. Thus, to meet the needs of the new entrants the new builders are coming up with projects that comprise of the luxurious apartments that provide the extra modern facilities to the residents. The young professionals opt for the rented apartments and the lifestyle apartments usually attract the rich NRIs.
All in all, investment in property in Chennai is sure to give better returns in future, thus an investment here is truly going to be a wise decision, as stated by the industry experts.
Created on Dec 31st 1969 18:00. Viewed 0 times.