Why should Chennai be an obvious choice when it comes to Real Estate Investment?

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Real Estate

Published on February 21, 2014

Author: Akshaya-homes

Source: slideshare.net

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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.

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?

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.

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

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