Real estate business in Chennai is always involved by the preference of central business district because of lack of development in city. Absence of good schools, retail chains, Super speciality hospitals, modern recreation centres and absence of connectivity with transportation system and that’s why CBD emerged as a good investment in real estate investment. This measure has enforced the several MNCs and IT/ITES companies to invest in the development of Chennai. Commercial development of the city is developing the infrastructure and state of art lifestyle for new professionals. The government has big plans for the investors and buyers to encourage them to invest in the best properties of Chennai.
Game Changing Scenario in Real Estate
In all the years of development, builders in Chennai prioritize the development of area in outskirts like OMR, GST and ECR. These places are on the outskirts of Chennai and they are gifted with the best view and scenic beauty. Most of the people from Chennai are looking for properties in these areas because of increase in population and pollution in the central areas of Chennai. These places were not developed and no one had an idea to develop them from past 6 years. But due to sudden increase in development of city, scarcity of space enforced the developers to move outside the city and extend it to the long area.
Contemporary Real Estate Scenario
The group housing is the conventional part of Chennai, but now it has taken a wide u turn in terms of development. The earlier community living lifestyle is turned into the group housing projects where all the amenities like clubhouse, gymnasium are available. We can say that the conventional housing projects are now the State of art group house projects.
Easy To Buy Homes
Now, buying home is not a tough job, to buy apartment in Chennai, or to lookup for the luxury apartments for sale in Chennai you can easily go to any of the site of developer and ask for their flats which are ready for possession. If you are patient enough for 4-5 years, you can invest a proper amount of sum and later when the prices are increased you can sell them at high profits with good interest rates. Most of the banks are collaborating with builders to provide the EMI facility for the buyers to ease the financial problems of buyers. Now buyers can buy home at any time by furnishing their required documents in the given time.