Chennai represents the breed of fastest and prominently growing cities of the country. The city is as old as the most ancient cities of India. However, the quantum of development the city is witnessing today especially in the real estate market can be observed in the flats for sale in Chennai.
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Why should Chennai be an obvious choice when it comes to Real Estate Investment?
1. Why should Chennai be an obvious choice when it comes to
Real Estate Investment?
Chennai represents the breed of fastest and prominently growing cities of the country.
The city is as old as the most ancient cities of India. However, the quantum of
development the city is witnessing today especially in the real estate market can be
observed in the flats for sale in Chennai. The high demand for property in the city has
emerged due to several reasons and escalating demand indicates increasing prices.
Property investors are reaping rich profits with their investment decisions in Chennai.
Chennai is all poised to witness strikingly bigger increase in property demand thereby
making the city an obvious choice in real estate investment. So, what makes Chennai so
appealing?
2. 1. Industrial development
Chennai was once a conservative market with traditional industries doing
extremely well. But this scenario changed a few decades ago. Chennai’s IT/ITEs
corridor has been responsible for eyes to turn towards the city. There is an
abundance of employment opportunities the multinational organizations have to
offer. Besides the Information Technology sector, Chennai also received a wave
of automobile and manufacturing companies. The biggest names in the world
today have a plant and manufacturing unit in this city. Population is bound to
follow when there is massive industrial development focused in any destination.
2. Prices
Metropolitan cities like Mumbai and Delhi have several prestigious properties
but are largely afforded only by the affluent. Flats for sale in Chennai are
relatively more affordably priced when compared to the properties in other
metros. Hence, a larger segment of the population finds interest in properties of
Chennai.
3. Expected returns
Residential and commercial real estate in Chennai may have prices that are
accessible today but are expected to reach the levels of those in the other metros
in a few years. Hence, investors who have made the wise decision of investing in
Chennai real estate yesterday or today will sit on large sum of profits tomorrow.
Also, rental properties are following close. Even those regions that were once
considered remote are yielding high rental returns. And this number is only
expected to go up.
Flats for sale in Chennai are great investment options not just when the market does
well but also during economic slowdown. Because even in the case of the latter, people
are bound to choose real estate for investment rather than other trade securities that are
risky.
3. ABOUT US
Akshaya was founded in 1995 under the stewardship of Mr. T. Chitty Babu, a leading light of
the real estate industry in India. It has grown into one of the most awarded companies in the
country acclaimed for its transparent business practices and innovation. The journey over the
last 19 years has seen the company excel in both the home and commercial domains by
building more than 150 magnificent edifices in South India.
CONTACT US
Akshaya Services Private Limited
Capitale,
No. 22, 2nd Street, Nehru Nagar,
Adyar, Chennai - 600 020.
Tel: 044 - 2445 1818
Website: www.akshaya.com