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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