Chennai has appeared as a promising realty market ppt

Chennai has appeared as a promising realty market.

Listed among the top 12 cities in the world for real estate, Chennai is rapidly becoming one of the most sought after cities for investment. And with the city demonstrating positive signs of revival, Chennai has demonstrated a positive buyer sentiment. Being an end users market, the city's realty market has always witnessed steady transactions, but in the recent yearsdevelopments along the infrastructural front have created a major influx in the housing demand. And real estate in Chennai has grown at a scorching pace and reputed real estate developers are coming up with hosts of apartments in Chennai to meet the growing demand.

The absorption rate in the western region of the city has been remarkably high and localities along the southern side of the city are fast developing into residential catchment areas.

Investors and builders are now coming up with a number of apartments in Chennai that fall under a very affordable price range. With the bookings of such economical homes crossing the 20 mark every month, many builders are now creating extravagant living spaces in the outskirts in forms of townships and multistory buildings. The city has the presence of numerous IT firms and other blue chip firms which has boosted the industrial activities in the city.

Chennai also has several acclaimed institutes and reputed colleges which also increases its demand.

Cited to be a stable market that hasn't witnessed any major fluctuations, the city continues to remain a favorable destination for many second time home buyers and investors. chennai property The steady and growing ROI (Return on Investment) drive many to invest here. The year on year appreciation of capital values of properties including independent house in Chennai has created several affordable residential pockets. Suburbs of Poonamallee, OMR, GST and ECR are brimming with construction activities.

The introduction of many MNCs (Multi-National Companies) in these active SEZs (Special Economic Zones) have engaged many whitecollared professionals to invest in apartments in Chennai.

Some of the major drivers that are flourishing Chennai's realty sector including an array of infrastructural developments like the Chennai Metro Rail and mono rail project. Along the outskirts, the proposed ORR (Outer Ring Road) along the Vandaloor and Nazarthpet of National Highway 4 has lured many national real estate developers to the city. These builders are now wooing potential home buyers by offering world class amenities and facilities such as good educational facilities, awe inspiring malls and lavish multiplexes, all under one township projects. top builders in Chennai Investors are now investing in such projects due to its highrental yield and high ROI.