Trends for the real estate in Chennai

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Trends for the real estate in Chennai
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• Why Chennai?
• The metros such as Delhi and Mumbai have already
  saturated. There is not much empty space left
  there for investment.
• Chennai is the trade city of India. The number of
  IT and software companies here are increasing.
  This is the reason why a number of professionals
  are flocking in Chennai.
• The population of Chennai is not as high as other
  metros, the infrastructure is good and the
  transportation is well maintained. The pollution
  levels here are low and one can avail a clean
  environment in the city.

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The real estate in Chennai continued being a
promising market this year all thanks to the high
residential property index as well as the
high-quality infrastructure of the city. This
is the reason why a number of buyers as well as
developers are attracted towards houses for sale
in Chennai. The current market trends played a
part in the success and the progress that the
city has achieved in its of real estate sector.
Here we will discuss some of the major trends
in the real estate sector.
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Trends in the real estate in Chennai

• The Non Residential Indians or the NRIs have come
  across as the key investors in the houses for
  sale in Chennai. Some of these NRIs have roots in
  Chennai while there are others are those who made
  an investment in the city just for the sake of
  huge future returns. Apart from the residential
  properties the NRIs have also made an investment
  in the commercial ventures. The trend portrays
  that these NRIs generally make an investment in
  partnership with the private companies or some
  local residents.
• Another trend that has been noticed in the real
  estate in Chennai is the high demand for the
  property when compared to the possible supply.
  This led to the emergence of property developers
  in Chennai. These property developers had to come
  up with new project ideas both for the
  satisfaction of the commercial as well as the
  residential needs.

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Trends in the real estate in Chennai

• There was not much appreciation in prices noticed
  this year. This could also be because of the rise
  in the construction prices.
• The per square feet rate for the hot property
  locations in Chennai such as Thoraipakkam and
  Velachery ranges between Rs.5000 to 6500. The
  connectivity in Velachery is incredible. This is
  the reason why the rise in demand for a small
  rise in demand for houses for sale was noticed.
• Top regions such as Thalambur have some of the
  top class villas as well as spectacular
  row-houses. A lot of buyers show interest in this
  property. Since the villas are pricey not many
  from the working class are able to get hold of
  this.

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Thank You!