Infrastructural Developments will give Chennai Property Market a Push

With the development of major infrastructural projects like Chennai Outer Ring Road (ORR) and metro projects, the metropolitan city have been witnessing a steady real estate growth in terms of residential and commercial sectors in the recent years, says the experts.

According to the recent sources, the development of Chennai Metro Project phase 1 that connects Koyambedu and Alandur have certainly increased the residential market of the areas that are located on metro link stretch. Over the past few years, these areas are seeing an enormous range of residential projects being developed by the builders. 

South-Chennai is considered to be the most preferred destinations for buying property in Chennai, as the location is well developed with good social infrastructure and offers the advantage of close proximity to the IT corridor of Chennai. Thus, the residential demand is high in South-Chennai in the recent times. In Chennai, totally 50 percent of the upcoming residential projects are from South-Chennai. On the other end, North-Chennai is facing a sluggish real estate due less infrastructural developments and lack of vacant lands.

The real estate professionals say that the Chennai city will see further growth in the real estate sector with the development of Special Economic Zones (SEZs) and Information Technology (IT) in the next few quarters. Besides, the proposed infrastructural developments in the city certainly increase the demand of buying a property in Chennai. 

As the infrastructural developments play a major role in raising up the property prices, the property investors will show a great interest in buying an individual house or apartment in Chennai. Also, they can earn a good income by renting their properties. Thus, if you are looking to buy a property in Chennai then this is the best time to invest. 

With the above-mentioned factors, the infrastructural developments in the city will certainly make a positive impact on Real Estate Chennai.