With the increase of demand for places to reside, many cheap yet good quality flats have been raised by local builders and most of the people who come from other parts of the state and the nation opt for those affordable flats. Thus, with the help of the housing companies and local authorities people in Chennai can get their own abode of dreams. The demand has automatically attracted the investors to invest in the city. More innovation has been seen in this segment and thus the city’s residential property value has risen up fast.
Commercial Property
The need for commercial buildings is increasing all the time with new industries coming and investing in the city. With ample flow of capital, the builders have erected numerous shopping malls, theatre halls, amusement parks and office complexes. The hunger for office space has been balanced a bit with the eye-catching corporate buildings. However, the need is immense. So, the work for erecting office buildings are seen in many places across the city where the place is easy accessible to transportation and other basic amenities.
Property Prices in Chennai
| Location |
Independent Houses (Rs per sq. yd.) |
Apartments (Rs per sq. ft.) |
Rentals for 2 BHK (Rs per month) |
| Central |
|
6000-12000 |
17000-24000 |
| West |
|
2500-9000 |
8000-20000 |
| North |
|
2100-2500 |
7000 |
| South |
|
2500-9000 |
7000-25000 |
| Others |
|
2500-15000 |
6000-36000 |
Chennai Real Estate – Overview
There are many real estate agents and property dealers in the city who are always active in helping people who want to buy and sell properties and make profits. There are many who buy apartments at a lower rate and then sell the same at a higher price. This has become a trend in the city and the ultimate beneficiaries are the public and the dealers. The local property market has gained a superb pace and has been able to invest a lot. That has helped the local builders to get some lucrative deals and has managed to create benchmark in this segment. There are many people who do not reside in Chennai, yet, they purchase land and apartments to sell or to give on rent thus paving a smooth way to earn some extra money. The present scenario seems fruitful for the real estate agents as money is floating everywhere. What they have to do is to grab the perfect deal.
Nowadays, you get easy loan to buy home or land from most of the leading banks and financial institutes. So, the percentage of buying and selling of property in Chennai has soared in recent times. There are numerous dealer and agents around the city. You can visit few of them for the best deal in this segment.
Featured Projects In Chennai
- Adityaram Nagar – Here you can find properly crafted residential plots in the East Coast Road, Chennai.
- Sunshine Willows – Great community and premium quality residential plots in Pannur Road, Chennai.
- Nest Oceana – 2 and 3 BHK apartments in Thiruvanmiyur, Chennai.
- Metro Star City – You can purchase 2 BHK apartments in Anakaputhur, Kundrathur Border, Chennai.
- SRM Blossom – You can get 2 BHK apartments at ECR, Chennai.
You can also search for residential and commercial properties in the following areas:
- Velachery, OMR Road, Besant Nagar, Adyar, Thorapakkam, Perungudi, Anna Nagar, Tiruvallur, Porur, T. Nagar, Madipakkam, Kilpauk and Alwarpet.
You can also get all the detailed information about all the latest updates and happenings about Chennai properties online. There are many websites that can showcase all the desired information and you can even contact the dealers and agents online. You can avoid all the hassles and make almost all the deals by clicking your mouse of your computer. There are many exciting offers provided by many dealers. So, go and just grab those. There are numerous plans made by the government, local authorities and the property dealers and you can choose the best plan that suits your budget and preference.
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