Wednesday 26 March 2014
Monday 24 March 2014
Monday 17 March 2014
Perumbakkam proves to be a Big Name for Real Estate Investment in Chennai
Real Estate experts vote South Chennai as the hot and best destinations of investment on Real estate in Chennai. Flats for sale in Chennai are good investment choices while they observe more demand in certain parts of the city than other locations. South Chennai as studies show is a good place for property investment because there is substantial infrastructural development and abundant commercial and retail activities that cater to urban living. GST Road, Tambaram, Medavakkam, Perumbakkam and OMR make hotbeds for Real estate investment. There are ace and premium Real estate projects in south Chennai that observe rapid bookings as soon as they are launched. Among them, Perumbakkam is a fine location that includes high and low priced flats surrounded by modern commercial centers, malls, luxurious restaurants and recreation complexes.
The Real Estate Scenario in Chennai
Real estate in Chennai shares space with those of Bangalore, Delhi and Mumbai to occupy the top investment choices when it comes to realty hot choices of the Asia-Pacific region. Although, a general economic recession poses challenges and risks in the Indian realty market, heavy interests on high returns is
Courtesy: Bloomberg TV India
one of the primary reasons why demand for housing is not meeting its saturation in Chennai. There are specific locations in the city that are consistently observing high demand and increasing prices. Flats for sale in Perumbakkam fall under this category of locations that are up-market today and expected to be enhanced in their market value in the years to come as well.
Perumbakkam rules the roost
Perumbakkam is a rapidly developing suburb. Located just a few kilometers away from OMR, Perumbakkam is situated in close proximity to the IT corridor. Bound by Sholinganallur, Medavakkam, Chemmencheri and Sithalapakkam; Perumbakkam has more than a few reasons to be considered favorably for investment on Real estate in Chennai.
Residents of this locality work at the IT corridor and hence staying at Perumbakkam gives them the location and commute advantage. Chennai airport is only 15 kms away from Perumbakkam. Hence, the region is also home to a large percentage of migrating professionals, NRIs and expatriates visiting from other countries. Flats for sale in Perumbakkam are today modern homes that are spacious, Eco-friendly, complete with modern amenities and guarantees high returns on investment.
Perumbakkam is a fine choice of location for Real estate investment; It is proving by the day that the locality is considered one of the finest locations of investment on Real estate in Chennai.
- Sumangali Homes
Builders in Chennai
Friday 14 March 2014
Variety in Living Options Interests Investing Public in Chennai
Flats for sale in Chennai have internationally emerged as a primary destination of long term investment. Although there is heavy demand for specific locations, Chennai by itself presents a very lucrative market for investors from within the country and abroad. This scenario has become especially true after the PriceWaterhouseCoopers report that put Chennai on the top list of best investment destinations in Asia Pacific. As the visibility factor of the city improved, more and more builders are showing interest in creating architectural marvels in the city. And it is not just the Central Business District (CBD), even the flats for sale in Perumbakkam and Medavakkam(suburbs), OMR and Oragadam are observing invincible demand.
Apartments and homes that constitute residential Real estate in Chennai comprise of different kinds and types of units. Flats for sale in Chennai by itself are of different kinds ranging from amenities to budgets and beyond.
Modern apartments
Apartments for sale in Chennai today are state-of-the-art homes that are spacious, have lot of lung space and Eco-friendly abodes. They are tastefully architected and meticulously constructed conforming to environment friendly norms. Quite contrary to the apartments of earlier decades, modern apartments look opulent and are constructed to suit the palate of urban customers. Moreover, there is an abundance of contemporary amenities in the new age apartments that range from power backup to swimming pool, sports courts, security, play area, fitness centers and clubhouses. Most apartments today come with the works and are hence preferred by investors. There are several flats for sale in Perumbakkam and Medavakkam, and some other preferred locations of the city that house a profusion of urbane amenities.
Opulent Villas
Villas and farmhouses are largely constructed in the suburban locations of Chennai since availability of land in the CBD is scarce for the development of sprawling villas. Villas are built on large plots of land and represent community living that characterizes urbane lifestyle.
Fun at a Farmhouse in Chennai
Integrated townships
Integrated townships represent living spaces that are combined with all facilities required for leading a happy and modern lifestyle. This means the presence of schools, hospitals, medical centers, fitness clubs, retail units, recreation centers and other commercial activity spots within the compound of where you live. Chennai is today home to integrated townships and several flats for sale in Chennai are today built this way. Large integrated townships are sprouting in different regions of the city thereby making Chennai affluent, contemporary and efficient.
- Sumangali Homes
Builders in Chennai
Thursday 13 March 2014
Tuesday 11 March 2014
How OMR wins over the Central Business District of Chennai for Real Estate Investment?
When Real estate in Chennai started gaining momentum and attracted interests of premium builders and investing public, OMR(Old Mahabalipuram Road) was the first locality besides the Central Business District (CBD) to weave its magic wand. Very naturally, Chennai extended its geographical reach to the scenic, pleasant, less congested and beautiful OMR, a simple transition that brought a lifestyle of change to the city. A large number of modern flats for sale in Chennai suddenly sprouted in the city, especially in OMR and adjoining regions of OMR.
Real estate in Chennai has thereafter jumped to a new path of rapid development and progress. OMR has never stopped growing since. There are numerous reasons that make OMR the preferred Real estate investment destination.
1. IT corridor
Needless to say, commercial activity and scope of employment opportunity drive the population of any city to settle down where their livelihood is. OMR makes the IT/ITES corridor of Chennai. Ever since technology parks have set up in these regions, the demand for housing has risen to the zenith. There continues to be a seamless and consistent demand for residential properties in OMR, leading the highest demand among rental homes and flats for sale in Chennai. Because of the soaring popularity of OMR, the adjoining areas Medavakkam, Perumbakkam and Tambaram have begun to receive maximum attention.
2. Scenic beauty
People, will any day prefer to stay in a beautiful home surrounded by exotic natural beauty. OMR is blessed with a scenic coastline, beautiful roads, fresh air, free lung space and a serene environment. In a day and age, where you want to escape from pollution, congestion, traffic, lack of greenery and poor health, OMR serves as a refresher and hence presents no surprise when it comes to the rising demand for housing here.
3. The price factor
Thinking of Real estate in Chennai, the very first thing to strike our mind will be the exorbitant prices in the CBD. The heart of Chennai is today a little far-fetched even for the affluent. This leaves a whopping percentage of population to shift interests to suburban locations where price combines with other amenities to make investment worthwhile.
4. Urbanization
As the population moves to suburban localities in search of land, career and living, urbanization has become the need of the hour. The Government of Tamil Nadu has made big inroads in infrastructure and has better plans for the future. The builders in OMR, Chennai offer the best amenities in their flats for sale in Chennai, regardless of the location. OMR, the priceless jewel of Real estate in Chennai.
- Sumangali Homes
Builders in OMR
Thursday 6 March 2014
Why Medavakkam has been a preferred choice for Real Estate Builders and Buyers?
The builders in Chennai have turned their focus on specific locations for the construction of residential apartments and villas. This is reckoned as a significant move in realty especially when the demand for residential Real estate in Chennai city is location specific. And although there is staggered demand, the overall prospect of Chennai emerging as a prime destination for Real estate investment is huge and burgeoning. So, if you are considering to invest on Real estate in Chennai, then you should look at the hot spots in the city and analyze before arriving at a decision. There are specific pockets of Chennai that are doing exceedingly well than many others. Medavakkam, one such kind of a location in Chennai has emerged as an aspiring choice of realty suburbs in the city as several Real estate experts vouch for its growing potential in the years to come. The demand of apartments in Medavakkam stands as the clear evidence.
Reasons that makes Medavakkam an ideal choice
- The quantum of development Medavakkam has made in the last 5 years has been absolutely dramatic and unbelievable. The area once observed very little commercial and residential growth but today it is witnessing some exceptional construction activities. The construction design of moderate budget apartments in Medavakkam too seems to grab the attention of luxury lovers. Also, the growth of commercial enterprises, recreation and infrastructure is also one of the best here.
- Several Real estate reports by prominent experts including the global Real estate consultant Knight Frank has shown that the number of builders in Chennai is predominantly making better inroads into Medavakkam. The reports put the locality in the sixth position in the list of biggest destination choices for Real estate investment in the country.
EXPERT VOICE
- Medavakkam enjoys a favorable location, close to Chennai’s best and flourishing neighborhoods including Velachery, OMR, Tambaram, Madipakkam, Perumbakkam and Kilkattalai. Located close to the important road junctions of the city, Medavakkam is easily accessible and is in the heart of both large scale commercial and residential development.
- Medavakkam is also closer to the industrial hubs of Chennai and hence employment prospect around this part of the town is tremendously higher. OMR’s IT/ITES corridor and the technology firms in Tambaram and Sholinganallur are worth mentioning. People who work in these IT parks prefer to stay at close proximity and hence Medavakkam emerges as an ideal choice. The IT staff are sighted as one of the key reasons for the high demand of apartments in Medavakkam, neat construction, design and amenities too.
- Residential units, particularly the apartments for sale in Medavakkam are also relatively more reasonably priced(affordable too) compared to OMR and ECR. Hence, pricing serves as a favorable trend that tilts housing demand from OMR to Medavakkam and also Perumbakkam.
- Physical and social infrastructure is rapidly developed at Medavakkam thereby making it a great destination for futuristic growth as well. Besides the nearby GST road, even the interior roads are wide and connectivity is at its supreme thus accelerating further scope of development here.
- Since the international airport is quite near to Medavakkam, the need Medavakkam to be maintained as an up-market locality is very high.
- The development of Outer Ring Road(ORR) is yet another milestone in the path of development prompting the builders in Chennai to shift interests towards Medavakkam. The proposed road infrastructure is expected to reduce traffic and congestion.
All these developments indicate increase in Real estate prices that mean exponentially high returns in the long run.
- Sumangali Homes
Builders in Medavakkam
Wednesday 5 March 2014
Monday 3 March 2014
The Magic of Chennai’s Infrastructural progress in directing Real Estate market
Infrastructural development is perhaps one of the strongest reasons for the accelerating demand of apartments for sale in Chennai. While commercial development and industrialization have triggered the entry of migrant population, it is infrastructural progress that has sustained investor's interest in the city. Regions such as OMR, ECR, Medavakkam, Perumbakkam, Oragadam, Sriperumbudur, Tambaram and Velachery form the epicenter of colossal progress. As a matter of fact, apartments for sale in Medavakkam are today facing the same harmony that the Central Business District of Chennai faced a few decades ago. Investors are gradually shifting interest to suburban localities simply because there is more land there, they are more affordable and they represent the city’s future in realty.
Nature of Infrastructural Development in Chennai
1. If apartments for sale in Chennai have picked up power in the last few years, Chennai’s most prestigious infrastructural project, the Metro Rail, is one of the important reasons. Intended to connect all major hubs of the city, the Chennai Metro project is expected to create a revolution in the traffic scenario of the city. Several residential projects have gained maximum popularity and rising demand primarily because of what the Metro is expected to offer.
The Impact of Metro Rail on Realty: NDTV
2. The development of Outer Ring Road (ORR) connecting Tambaram, Velachery and adjoining regions is yet another reason for the demand of apartments for sale in Medavakkam, Perumbakkam..etc. The ORR is expected to reduce traffic and congestion greatly and provide for free and smooth flow of traffic even during peak hours. This is also a necessary development since this development is coming up near the international airport and the commute is expected to be easier and quicker.
3. North of Chennai is also gradually picking up pace. Tiruvallur has got its TIDCO and Ascendas SEZ and the new airport to be opened in Sriperumbudur in 2015 are two reasons for the opening up of Real estate demand in North and West Chennai.
4. Changes in the public modes of transportation to include a larger number of vehicles have further accelerated the demand of apartments for sale in Chennai. With better roads, increased number of public transportation mediums, consistently growing industries and commercial centers and a balanced lifestyle make Chennai a hot bed for realty investment. And some locations gather more clout than the others. The demand for apartments for sale in Medavakkam stands testimony to the location preference investors are showcasing.
- Sumangali Homes
Builders in Chennai
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