Boom for property developers in Chennai

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Boom for property developers in Chennai
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Introduction

• Chennai is the capital city of Tamil Nadu and was
  formerly known as Madras.
• The city is gaining popularity because of the
  growth it is experiencing in its Information
  Technology sector.
• In case, you are looking to rent, sell or buy an
  apartment in Chennai then we have good news for
  you.

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Why the property developers in Chennai are
starting new projects?
Chennai has a population of more than 6.4 million
people, the city witnesses new migrants every
year who come here in search of jobs and
educational facilities. As the new population
finds its way in to the city, it also tries to
find Apartments in Chennai that can offer a
comfortable accommodation as per their needs.
The property developers in Chennai are found to
be coming up with many residential projects from
reputed builders to house its growing population.
The city has a one hundred percent literacy
rate which demonstrates the emphasis that it lays
at education and its system in the city. With a
major IIT located in the city, many aspiring
students also find their way in to the city each
year.
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What to check before investing in real estate in
Chennai?
1. Investing in real estate in Chennai involves a
lot of paperwork. In order to understand the
proceeding the buyer needs to have a lot of
patience. 2. Know about the title report or the
property card. It is not just a certificate but
also a detailed report that is prepared by the
seller. The lawyer prepares this certificate and
one should always opt for a genuine lawyer to go
with the proceedings. 3. The lawyer will check
the report on your behalf. The seller must hold
the title report and must also hold the right to
transfer the property.4. The property must have
received approval from the planning or the land
development authorities. 5. Seller must have
purchased the property with his or her own funds.
The property should not have been mortgaged. 6.
Get a 'No objection certificate' from the builder
or the society.7. All the bills and the taxes
related to the property must be cleared.8.
Decide in advance as to who will bear the
'society transfer' charges.
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Thank You!