The best location with property developers in Chennai

The real estate blow that was witnessed by most places in the country did not have a major or negligible impact on the Chennai real estate market. It was among some of the few real estate markets, which didn’t have to face the brunt of the real estate crisis.

Reasons of stability in real estate market of Chennai

1. The real estate market of Chennai has remained relatively speculation free.
2. It is considered to be a buyers or end user’s market.
3. Chennai is one of the few real estate markets, which is providing everything for everyone.
4. You can find properties such as villas, builder floors, studio apartments in Chennai, at an affordable price options in compared to other metro cities.
The property developers in Chennai are now looking towards the newly developing localities to provide affordable housing and supply for the high demand of residential units in city.

Some of the popular property locations in Chennai

1. Perambur is one of the localities in north Chennai, which is very much in demand. It is located in close proximity to other popular residential areas such as Anna Nagar, Villivakkam and Ayanavaram and other localities along OMR. The current rate for properties in this area stands around INR 6000 per square feet. There are several studio apartment options present in this city.
2. Medavakkam is another location in Chennai where you can find budget apartments. This locality comes in the southern part of the city and is in close proximity of other preferable markets such as Velachery, Pallikarnai, Madipakkam, Chromepet and others.
3. Pallavaram has a low budget on going rate of INR 4500 per square feet as of now. There is a high demand of 2-BHK’s in this locality as it is preferred by the small nuclear families or individuals looking for a little extra space.
4. In Thoraipakkam, which is situated along the popular Old Mahabalipuram Road, market is really surging. As it is considered to be the IT Hub of Chennai, demand and prices here are very high. The current rate of properties such as apartments here is between INR 5000 to 7000 per square feet. Flats in Thoraipakkam are most sought after in Chennai today. It is the preferred choice of all the IT professionals working in MNC’s around the locality.
These are some of the property trends in Chennai city knowing which will surely going to help you out in selecting the best property for yourself.