Thursday 27 February 2014
Wednesday 26 February 2014
Why is Chennai the default choice for NRI Investment?
Although there has been a sizable share of ups and downs the city has faced in the last decade, Real estate in Chennai is still a hotbed for investment. Realty has always been the preferred destination of investment choice by non-resident Indians who seek less volatile markets for investing in. Chennai in this respect is an ideal choice owing to several reasons and the most important one being the maximum growth amongst the metros in the last five years. Other metropolitan cities have faced staggered growth but housing demand in Chennai has been unmistakable and less risky even during times of economic recession.
If you are an NRI and consider investment in the country, here are the distinct reasons why Chennai makes a default choice.
1. Real estate in Chennai has been flourishing in the past decade. While major metropolitan cities like Mumbai and Gurgaon/Delhi have been growing in the realty market quite exponentially for a longer time, Chennai is fairly new in the path of development and hence holds better potential in the years to come.
2. Chennai has overtaken the growth of Mumbai with several industries that have made an entry and wanting to establish their commercial centers of excellence in the city. IT/ITES and technology parks, manufacturing giants, automobile empires, healthcare and chemical industries and other hubs are all set to make Chennai their hometown. The recent past stands testimony to this growth and the futuristic trends showcase the potential the city possesses.
3. Chennai is interestingly one city that perfectly blends cosmopolitan culture with conventional flavors. There is something for everyone in this city. Regardless of the nature of your personality, lifestyle, budgets and preferences, you are most likely to find an apartment or home of your choice in the city. This is quite unlike the nature of other metropolitan cities where pricing is a big affair.
4. Chennai never stopped growing geographically as well. As a stark contrast from other metros, Chennai has abundant land parcels thereby making the city extend beyond its peripherals. And these once-considered remote locations are not just sprouting modern homes and apartments but are also growing quickly in terms of infrastructure.
5. There is no dearth of excellent health and education infrastructure in the city. Chennai has always been known for the best medical and educational facilities in the country. And this status has always been maintained till date.
Real estate in Chennai is a market of the future and hence the city becomes a natural choice for NRI investment.
- Sumangali Homes
Builders in Chennai
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Tuesday 4 February 2014
Variety and Innovation integrated with Real Estate in Chennai
Real estate in Chennai has been growing at a very rapid pace due to several factors with industrialization serving as the topmost reason. Real estate builders who propose housing solutions that are affordable, qualitative and guarantees high return on investment are preferred much. Also, since the number of commercial ventures in the city is increasing; the need for commercial Real estate projects is also at an all time high. Residential builders in Chennai also cater to the commercial Real estate market with the construction of state-of-the-art commercial buildings that are functional and aesthetically appealing. Chennai has certain features and advantages like location that make it unique and more interesting when compared to other metros and major cities of the country. Hence, industrial advent is a lot more prominent here than elsewhere.
Variety of Housing Options
Flats for sale in Chennai today come in all shapes, sizes and prices. The need for customization is widespread and hasn’t spared the realms of Real estate industry as well. Despite the massive colony of apartments that are being constructed, there still exists some scope of customization since customer requirements and preferences are varied. And immense competition has driven the builders in Chennai to introduce some extent of customization in the apartments today. Extensive research on client preferences before conceptualizing the design of every residential and commercial project is performed by the builders and they also offer a lot of scope for personalizing within an apartment complex. Therefore, bespoke homes and apartments are no longer a distant dream.
Sumangali Homes, one of the builders in Chennai has over the years constructed several modern and Eco-friendly residential spaces at different parts of the city. Medavakkam, Perumbakkam and Vengaivasal are some of the prime locations in Chennai since they are in close proximity to the international airport, IT corridor and other important areas of Chennai. Further, large scale infrastructural development marks these regions and several proposed facilities define the future of these areas in the city. The builders in OMR has exceptional properties in these areas that guarantee exponential capital appreciation in the long run. Sunday, Grand RIO and Vasantham are the residential apartments for sale in Chennai from the house of Sumangali. When strategic location combines with exceptional project; your home becomes a delightful piece of investment.
Public Verdict on a Property fair in Chennai
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