Emerging property developers in Chennai

Rather, the real estate market of Chennai has seen a new rise. There is an emergence of new property developers in Chennai. They are coming up with new projects both residential and commercial, so as to satiate the needs of the growing population.

 The environment of Chennai is fresh and neat. Moreover, Chennai is also the IT and the software hub of the country. This is one of the key reasons why there are a number of professionals migrating to the city. In order to accommodate these new migrants and to satiate the needs of the growing population, there are new projects been undertaken in Chennai.

Reasons of stability in real estate market of Chennai

The real estate sector in Chennai has remained relatively speculation free. There are comparatively low fraud cases and it is also considered to be a buyers’ market. There is a home for every need in Chennai. They are flats and apartments for those trying to make it big with a small budget, and bungalows or villas for the luxury loving families, whereas the gated communities in Chennai are the perfect destination for those who need a sense of belonging. Flats, apartments and studio apartments are available for both selling and renting. The best part is that the prices of property in Chennai are considerably lower, when compared to the prices prevailing in other metro cities. The property developers are today undertaking new projects in some new and exciting localities in Chennai.

Some of the popular property locations in Chennai

1. One key location in the North Chennai is Property is in high demand here. The location is very close to prominent residential areas in Chennai such as Anna Nagar, Villivakkam and Ayanavaram and other localities along OMR.
2. The rate of property in this area is somewhere about INR 6000 per square feet. There are a number of studio apartment options available in the city.
3. Another location for people looking for budget apartments is The place is located in the southern part of the city and is in close proximity to the markets such as Velachery, Pallikarnai, Madipakkam, Chromepet and others.
4. One more location that is really surging these days is Thoraipakkam. It is located along the popular Old Mahabalipuram Road. The Flats in Thoraipakkam are sought after and can range between INR 5000 to 7000 per square feet. 

These are some of the property trends in Chennai city that are surely going to help you select a better property for yourself.