As a matter of fact, a villa in Chennai was still a figment of reality even a couple of decades ago when investors in Mumbai and Delhi were attracted by its prospects there. But today, the transformation is definitely incredible.
A number of reasons contribute to the growing percentage of property sale in Chennai. It may have been perhaps the last to grow economically but it has amazingly managed to pick up and gather pace than any of its metropolitan counterparts.
With time and lifestyle change, requirements and preferences are also changing. These changes reflect on Real Estate properties as well. Real Estate builders, international and domestic are propelled to cater to the dynamic requirements of property buyers and investors today.
Valasaravakkam a few decades earlier housed a good percentage of vacant land but today is complete with construction and infrastructural developments. Investors of Valasaravakkam are today sitting on a sizable return on their investment.
A lot has been said about the lack of land availability and absence of lung space in the Central Business District of Chennai, but there are still some regions that continue to strike a differential chord. They are not congested, and home to large properties and right in the heart of the city where absence of amenities is no question at all.
The project is being proposed for LEED Certified gold rated green building by IGBC. Seethakathi Business Centre, property of ETA Star Property developers, at Mount Road, Chennai, has space available for office along with a high-end business hotel, blending in the best of luxury and comfort.
Chennai has shifted from the conventional and compact 1 and 2 BHK modest closer to Central Business District properties to lavish and opulent farm houses and villas in more remote areas. The transformation is definitely incredible.
Chennai has in the recent times grown in length and breadth in the Real estate sector. Although, a large portion of this massive growth is attributed to the industrial development, Chennai itself enjoys some special favorable elements.
Only the best of fittings and resources define every home and common area. And needless to say, with the best of quality comes a bigger price tag. But nevertheless, investors do not mind investing in high priced properties of Chennai.
Chennai may not have been the first to catch up on the luxury property trend in India but is most certainly making up for the lost time. A number of premium and luxury home builders are constructing state-of-the-art properties in the city that stand the test of time, quality and opulence.
While different parts of Chennai has different growth potential, there is a region that has gradually but firmly established its presence for today and tomorrow, Valasaravakkam, which is today a major hub of Real estate growth in the city.
Today investors are well aware of the Real Estate market. They make learned choices and does not just focus on the immediate need. For instance, even the apartments in Chennai are not just perceived as a home to live in now but also as mode of investment that is likely to fetch exponential returns in the long run.
Amidst the interest for apartments, investing in land will forever give potentially higher returns to the investor in the long run. Buying land in Chennai can be a rewarding experience, but it is very important to know the key factors that decide the price of plots.
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