Real Estate Market In Chennai

Today, real estate is the new thing and is intensifying in each and every metro city of India. With the advent of globalization and growth, there has been an all-round makeover of the modern lifestyle. The kind of employment has changed from the traditional 9 to 5 jobs to core corporate jobs. More people are getting into the cities, owing to the concentration of corporate jobs in the metros. Chennai is no different. It is one of the fastest growing cities of India, with both technology and business scaling new heights and growing more. The city space or the basic living space is getting smaller day by day and so, the outskirts are developing. And here comes the role of real estate.

The ‘real’ picture of real estate in Chennai: As of today, demand has surpassed the supply of residential space in Chennai, it has become a tough job for real estate professionals to cater to the needs of  customers and at the same time offer them competitive prices for the residential plots for sale in Chennai. Although there are new areas coming up in and around the city of Chennai, still the task of occupying them is tricky. There are various factors to be kept in mind, while going to buy a residential plot. These include checking the proximity of the place from the main city or the workplace, schools and colleges, availability of all kinds of modes of transport and other basic amenities required for sustaining life in a city such as hospitals, nursing homes, departmental stores and the like. Therefore, you should always be on the lookout for a reliable real estate professional, to help you out with all these factors and enable you to gain your space.

The following localities with residential plots for sale in Chennai are coming in the picture today, being backed by the developers, who are acting as intermediaries between the buyers and promoters:

  • As the new metro railways and flyovers are being constructed throughout the length and breadth of the city, upgradation of the Chennai Airport and the Green Rail project through the Manamadurai-Rameshwaram stretch are being done simultaneously, therefore, new residential plots are coming up around these areas, available within a range of Rs.10 lakh to Rs.20 lakh.
  • Another upcoming area of real estate development, is the one grazing the IT sector and software technology parks of Chennai. Today, along with the IT hubs of Bangalore and Hyderabad, metro cities like Chennai are also witnessing growth in IT industry. Since the type of work in these kinds of jobs is more of corporate in nature, the schedule is irregular and so, it is always advisable to stay nearer to the workplace. Navalur is one such place, which is very close to the SIPCOT IT park and other companies like HCL, TCS, CTS along with shopping malls and prominent educational institutions.

So, it is better to plan early as the prices are always running a risk of rising.

Summary: You need not worry very much about getting the perfect residential plot in Chennai, as the developers will help you with your requirement. They will guide you through the process, escort you to the place, so that you can inspect and decide on your own. They will also help you with making financial arrangement as they have tie ups with renowned banks, all ready to give loans for buying plots.

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