Properties in Chennai Properties in Chennai are on the upward trend as more and more investor are eying big share in the metros real estate share. Builder in Chennai and in India have seen tremendous change in the housing demand in Chennai. Chennai resident are more aspirant than ever before making it possible for builders to build homes and villas.
Bu the question is whether they can give a project which is within the budget of the middle class. The answer is no. It is very difficult to buy a house to apartment in Chennai. Only the affluent or the so called the creamy layer can afford. The square rates have increased substantially. There is state of panic buying in many areas in Chennai. In Tambaram and other areas around the Vandalur where new mega bus depot is planned to build; there is a sharp rise in the price. The funny part is that, Vandalur is in the outskirts of the Chennai metro.
City of Chennai is expanding on the all the directions and more so in the southern region. The metro project and clean environment offered by southern Chennai is treasure for real estate developers. Villas in Chennai have started mushrooming in kelambakkam regions. OMR-Kelambakkam stretch has become a hot spot. The regions shows tremendous expansion rate till Chengalpet Government has also planned to make the ECR stretch a tourism hub and planning to provide a big facelift Find villas in kelambakkam