Chennai Real Estate
Chennai, the capital of Tamil Nadu, is located on the Coromandel coast of the Bay of Bengal. Serving a large population, Chennai enjoys the status of the fourth largest metropolitan city in India. It is becoming more famous due to the great emergence of IT companies that have given a new meaning to Chennai commercial properties.
Chennai’s flourishing IT/IT and BPO industry has also played a major role in changing the residential setting. It has helped the city meet the demanding needs of the business market. The next trend in Chennai is apartments that offer a variety of facilities like swimming pool, gym, clubhouses etc.
Keeping pace with the rapid development of commercial properties in Chennai, the city’s retail market is also poised to give its real estate market a strong boost. The mall culture in Chennai is ready to exert its full charm, with several glitzy malls springing up over the next three years. Some of the upcoming commercial projects in the city will be carried out by prominent builders like DLF, Shriram Properties and Prestige Group. This clearly describes an explosive growth of the Chennai real estate sector.
Commercial projects in Chennai are rapidly outpacing other development plans, especially the feverish activity of building housing units. It is driving the demand for retail space in areas like Besant Nagar, Aminjikaral, Velachery, Mogappair, Sirusseri, Semmenchery and Perambur.
With Chennai properties Witnessing sharp appreciations at a rapid pace, real estate investments in the city are certainly worth the thought. Chennai is fast becoming one of the preferred destinations for cross-border investors looking to gain a foothold in the Indian property market.