5 Reasons Why You Should Invest in the Residential Real Estate Market of South Chennai
When you think of investing, capital gains is the one thing that strikes you the most. South Chennai district is the growing residential realty hub that is one of the top spots for real estate investments. The following article tells you why South Chennai is one of the top investment destinations.
Chennai realty market comprises of 80% residential real estate and the rest constitutes 20% of the market. The real estate of the city has almost 11% contribution in the net development of the state. There are a number of reasons that drive the residential real estate growth in Chennai, especially south Chennai. The price trends of residential units have seen an upward graph since 2009 and are expected to grow further till 2020.
The growth of the city is one of the major reasons that are driving the builders and developers to launch new projects in the area. The Chennai market has been positive since 2012 and is expected to see the same in the coming future.
What is bringing the positivity in the realty market of South Chennai?
#1: Chennai is expected to generate 8.75 white collar jobs by 2015
Chennai has achieved industrial growth across a range of sectors and city’s developing infrastructure gives full support to this growth. In the recent years, Chennai has emerged as a manufacturing hub especially in the automotive and telecom sector.
IT/ITES sector is also a fast growing sector which is expected to contribute job generation in the city. The more number of jobs in the market has a direct impact on the real estate scenarios and hence the demand is expected to go up steadily.
Since a large number of MNCs and corporates prefer south Chennai due to developments, the builders are also coming up with new projects in Chennai south as the area is expected to give better rate of returns.
#2: Easy Connectivity to All Employment Hubs
Areas in south Chennai have easy connectivity to all employment hubs, making the destination a perfect place to live in. The proximity to other parts of the city through trains and roads is one of the major attractions that make South Chennai an investment hot-spot.
#3: Supporting Infrastructural Developments
The real estate of a city is always backed up by the infrastructural developments of the area. The infrastructural developments in South Chennai are a strong back up to the location and give it an added advantage over the other areas of Chennai.
#4: The Monorail and Metro rail
Developments like the monorail and metro rails definitely add to the real estate of the areas. Some areas of South Chennai like Pallikarani and Medavakkam have already seen a decent jump in prices due to the construction of metro rails or monorails.
#5: It is a user driven market, hence investment in this market is a safe choice
Investing in the user driven market is always the safest option. South Chennai due to the growth in the IT/ITES sector witnesses high demand from end users.
New Projects in South Chennai
There are a number of new projects coming up in different locations of South Chennai. One such new project is BL IT Expressway City by BL builders.
BL IT Expressway City by BL Builders
BL Builders bring to you DTCP approved residential development lands that are loaded with all the amenities that an end user would aspire for. The project is spread over 23acres of land and features a clear title. The area also has 30-40 feet wide roads. The lands for residential development vary between 800 square feet and 3000 square feet and are still available at pocket friendly prices. The project has the following amenities to meet the need of end users:
• Area for multi-purpose hall
• Kids play area
• Landscape garden/open space
• Car parking
The project is the first ever layout that is available to the end user at affordable prices. The project is divided in to two segments; affordable plots and premium plots. The plots that with 800 square feet, 1600 square feet and 1800 square feet fall in the affordable segment whereas the ones with 2400 square feet and 3000 square feet are coined as premium plots.
Living in this project gives a new perspective to what is called as green living.
Location Advantages of the IT Expressway City
The city has a lot of location advantages that makes it investment friendly. The project is at a 30min drive from tidal park and 10min drive from Siruseri IT Park. The airport is at a 40min drive from the land. There are a number of schools and colleges in the vicinity. It is well equipped with infrastructural developments like flyovers, the MTRS rail link and other modes of connectivity.
Chennai realty market comprises of 80% residential real estate and the rest constitutes 20% of the market. The real estate of the city has almost 11% contribution in the net development of the state. There are a number of reasons that drive the residential real estate growth in Chennai, especially south Chennai. The price trends of residential units have seen an upward graph since 2009 and are expected to grow further till 2020.
The growth of the city is one of the major reasons that are driving the builders and developers to launch new projects in the area. The Chennai market has been positive since 2012 and is expected to see the same in the coming future.
What is bringing the positivity in the realty market of South Chennai?
#1: Chennai is expected to generate 8.75 white collar jobs by 2015
Chennai has achieved industrial growth across a range of sectors and city’s developing infrastructure gives full support to this growth. In the recent years, Chennai has emerged as a manufacturing hub especially in the automotive and telecom sector.
IT/ITES sector is also a fast growing sector which is expected to contribute job generation in the city. The more number of jobs in the market has a direct impact on the real estate scenarios and hence the demand is expected to go up steadily.
Since a large number of MNCs and corporates prefer south Chennai due to developments, the builders are also coming up with new projects in Chennai south as the area is expected to give better rate of returns.
#2: Easy Connectivity to All Employment Hubs
Areas in south Chennai have easy connectivity to all employment hubs, making the destination a perfect place to live in. The proximity to other parts of the city through trains and roads is one of the major attractions that make South Chennai an investment hot-spot.
#3: Supporting Infrastructural Developments
The real estate of a city is always backed up by the infrastructural developments of the area. The infrastructural developments in South Chennai are a strong back up to the location and give it an added advantage over the other areas of Chennai.
#4: The Monorail and Metro rail
Developments like the monorail and metro rails definitely add to the real estate of the areas. Some areas of South Chennai like Pallikarani and Medavakkam have already seen a decent jump in prices due to the construction of metro rails or monorails.
#5: It is a user driven market, hence investment in this market is a safe choice
Investing in the user driven market is always the safest option. South Chennai due to the growth in the IT/ITES sector witnesses high demand from end users.
New Projects in South Chennai
There are a number of new projects coming up in different locations of South Chennai. One such new project is BL IT Expressway City by BL builders.
BL IT Expressway City by BL Builders
BL Builders bring to you DTCP approved residential development lands that are loaded with all the amenities that an end user would aspire for. The project is spread over 23acres of land and features a clear title. The area also has 30-40 feet wide roads. The lands for residential development vary between 800 square feet and 3000 square feet and are still available at pocket friendly prices. The project has the following amenities to meet the need of end users:
• Area for multi-purpose hall
• Kids play area
• Landscape garden/open space
• Car parking
The project is the first ever layout that is available to the end user at affordable prices. The project is divided in to two segments; affordable plots and premium plots. The plots that with 800 square feet, 1600 square feet and 1800 square feet fall in the affordable segment whereas the ones with 2400 square feet and 3000 square feet are coined as premium plots.
Living in this project gives a new perspective to what is called as green living.
Location Advantages of the IT Expressway City
The city has a lot of location advantages that makes it investment friendly. The project is at a 30min drive from tidal park and 10min drive from Siruseri IT Park. The airport is at a 40min drive from the land. There are a number of schools and colleges in the vicinity. It is well equipped with infrastructural developments like flyovers, the MTRS rail link and other modes of connectivity.
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