Top 10 Reasons "Why you Can't sell your Flat"

• Overpriced
• Over personalized
• Recently purchased
• Flexibility
• Floor plan
• TLC
• Odour
• Temperature 
• Location 

are some top reasons that hinders the sale of your flat.

Sumangali' Flats in Medavakkam, Perumbakkam & Vengaivasal, Chennai

Profound understanding of public needs, extensive research in the Real Estate market and comprehensive knowledge of the city has helped Sumangali Homes, the builders in Chennai to create properties that would exceed customer expectations.

The New Beginning of the 1 BHK Flats in Chennai

The 1 BHK flats have arrived with a bang in Chennai to make a statement, a difference, a much needed one. Small, compact, trendy, reasonable..etc, had them all for the contemporary buyer. They spell luxury of a different kind.

Model Flats of Sumangali Homes

 

Integrated Townships trending in Chennai

The township apartments for sale in Chennai are available in different price range, which is the main reason why different classes of people are fascinated. One can buy apartments within the townships, within their budget to enjoy the utmost luxury prevailing in the townships.

Why 2014 presents to be a Lucrative market for Real Estate in Chennai?

2014 has begun with a positive outlook for Real Estate in Chennai. After the turbulent times faced in 2013, prospective customers have created futuristic demand for Real Estate properties in the city. There are a number of factors that support the growth and demand of realty in Chennai this year. These factors are going to be responsible for enabling prospective buyers make certain and good investment decisions in 2014. Apartments for sale in Chennai have been the highest-in-demand trend when realty in the city picked up. The trend is most likely to continue in 2014 with considerable increase in demand for independent homes and villa houses as well.

Reasons contributing to favorable Realty demand in 2014  

IT/ITES Growth

Real Estate in Chennai has for a long time been influenced by the growth of technology companies in the city. 2014 is going to be no exception to the rule. In 2013, there was a massive absorption of 4 million sq ft of commercial office space in Chennai. This indicates further employment opportunities, increased population and higher demand for housing and development. Chennai’s IT population by itself stands at 4.5 lacs. This is a big number and is only expected to increase going forward.

No impact of Higher input costs 

Construction and labor costs contribute to one of the biggest costs for the builders in Chennai. Although, they have been increased by 10 to 15 percent, it is not reflected in the price of apartments for sale in Chennai; Thanks to the Real Estate builders in Chennai. Also, land parcels in Chennai are dwindling owing to increase in land prices. However, these have not begun to translate in property prices. Hence, 2014 is a favorable time for Realty investment since prices are most likely to increase in the future.

Infrastructural development

The infrastructural scenario in the city has impacted the Real estate business. There are a number of development projects that escalate the commercial growth of the city. There is a lot of focus on the growth of Outer Ring Road that has seen the completion of Phase I and progressing to Phase II. Moreover, the Chennai Metro project is another most-awaited infrastructural development task in the city. Further, there are new schools, malls and hospitals that are sprouting in the city time and again.

Transportation

The apartments for sale in Chennai along with other kinds of properties are poised to witness tremendous growth since the government has enabled faster, easier and better public transportation facilities in the city. 

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Basics of Buying Flats in Chennai

One of the most popular sayings goes by the lines, “There is no place like Home”. Real Estate in Chennai is on a rapid growth mode with the advent of IT companies and parks establishing their presence in the community. If you are ready to buy your new dream home, then there are certain things you need to be wary of the apartments for sale in Chennai.

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How Real Estate market in Chennai observes Stability despite Economic slowdown in India?

Flats for sale in Chennai witness a stable demand trend even when economic slowdown has affected most industries across the world. One of the most important reasons for this is that South India’s major metropolis is largely an end-user driven market. Other metros like NCR and Mumbai demonstrates major price upheaval throughout the city but Chennai observes such price increase only within certain pockets. This means that there continues to exist many regions that are still accessible by the middle class community price-wise. Apartments for sale in Chennai have differential price tags depending upon their locations and hence a large cross-section of buyers can make these properties their home even today.

Here are some quick and obvious reasons that keep the Real Estate demand and growth in Chennai relatively stable regardless of the economic conditions in the country or outside.

Chennai Property Market Tops Mumbai, Delhi-NCR

Courtesy: Bloomberg TV India 

1. Lack of speculation

It has now become obvious that Chennai’s Real Estate market is influenced by end users. Investor participation here is long term and people prefer apartments for sale in Chennai largely for investment or residential purpose. Unlike other major metropolitan cities, Chennai does not witness immediate buying and selling of properties to realize quick money. Such Real Estate dealing trend cannot be seen in Chennai and hence the market is least speculative when compared to other metros.

2. Buyer preferences

The demand of apartments for sale in Chennai is backed by concrete preferences of people since they are used for the purpose of primary consumption. Real Estate investors are specific about what they want to buy, their requirements are concrete and long term. So, the market is not filled with flats and homes of low standards and quality. Anything and everything do not sell in Chennai and because of that prices are also more or less stable.

3. Chennai is expanding 

Although there is a strong preference towards the Central Business District when it comes to buying flats for sale in Chennai, people have begun to move towards greener and more open pastures in search of the right property. Therefore, the paradigm shift towards the city’s peripheral and suburban regions has opened up the market and resulted in steady prices.

4. Increase in township projects

Chennai over the years may have seen considerably fewer township projects but this is expected to be a new trend since many builders in Chennai are today focusing on the creation of integrated townships over and above the regular flats for sale in Chennai. 

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10 things that women(your wife) want in a flat

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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. 

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Watch Out before Buying a Flat

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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.

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Builders in OMR

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.

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Builders in Medavakkam

   

  

Banks for the best Home loan offers in Chennai

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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.

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The 3 Most affordable Apartments in The 3 Best spots of Chennai

The Silent Emperors of Real Estate in Chennai: Rental Properties

The Hottest Destination of Real Estate

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

The Adaptation of Builders to the rapidly growing Real estate in Chennai

Chennai is a booming Real estate market. Apartments for sale in Chennai are increasing by leaps and bounds. Several builders have made their foray into the Real estate world of the city to create quality homes at better prices. Chennai was once characterized by independent homes and budget apartments and the concept of Real estate investment was not as big as it is considered today. However, the current scenario showcases new communities of Real estate buyers that are not just looking at making a home for themselves complete with lifestyle amenities but also considering the returns they are likely to obtain in the long run. 

Luxury living spaces and state-of-the-art commercial buildings are tastefully architected and efficiently executed by the builders in Chennai. Premium flats for sale in Chennai are no longer small. They have transformed themselves into sprawling living spaces that are contemporary and efficient. Moreover, the concept of community living from the West has caught on and hence the demand for lifestyle amenities such as swimming pool, clubhouses, fitness centers and play areas have emerged as fundamental needs today. Builders in Chennai believe in creating functional and aesthetic buildings that stand the test of time. There are also residential projects that rest on the important principles of quality, durability, luxury, comfort and style.

An important element that is considered during a home buying process is the location of the property. While Chennai’s Central Business District is undoubtedly flourishing beyond comparison, property prices here are exorbitantly high and congestion even higher. Chennai, its job creators and its residents have started looking out for suburban and micro-markets and other farther corners. OMR, Medavakkam, Perumbakkam, Tambaram and Sriperumbudur form the new city in terms of Real estate development. Not only are these regions closer to IT parks and other workplaces; they are also gearing up to handle colossal infrastructural developments.

Chennai in the next 10 yrs 

src: NDTV

South India’s premium Real estate builders have turned their focus on building residential and commercial spaces where quality, luxury and comfort reign supreme. Medavakkam is closer to Chennai airport, OMR the hub of Information Technology companies and other important suburbs of Chennai. Sumangali Homes has outstanding residential projects at Medavakkam that are slated for completion shortly and many other upcoming projects in different parts of Chennai. Other residential ventures from the company can be seen at Vengaivasal and Perumbakkam. Apartments for sale in Chennai are distinctively a class apart from other metro cities of India.

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Affordable Homes Rises to the Need of the Hour

Even in during economic crisis, Real estate in Chennai has done splendidly well. The southern metro continues to be a stable market for realty when compared to its counterparts as demonstrated vividly by researches and reports over the last five years. Over 10 million sq.ft of space has been utilized by IT SEZs in the last four years and other industries such as automotive, healthcare and retail account for their own significant percentages. Employment rates are at an all time high thereby increasing the percentage of migrant population from every part of the country. Some Real Estate builders in Chennai has made its vital and impressionable contribution to the city’s realty segment. Superior quality homes that are affordable at strategic locations of Chennai are what the builders focus on best.

The apartments for sale in Chennai are emerging by leaps and bounds day after day. But today a large percentage of apartments and homes are exorbitantly priced thereby making them out of reach for a bigger segment of population. Some appreciable builders in Chennai have risen to this unmet demand with creation of modern yet affordable homes at strategic locations in the city. They also embark on every residential and commercial venture after gathering a deep understanding of customer preferences and knowledge on the contemporary trends of the Real estate sector. The focused vision has gone into the construction of contemporary and Eco-friendly homes and apartments in Medavakkam, Perumbakkam and some other regions. 

Grande Rio is a project in Medavakkam which is today the hub of commercial activity and in close proximity to the international airport at Tambaram; Grande Rio is a project par excellence. Set to cater to the demands of urban lifestyle, the project promises exponential capital appreciation and exceptional rental gains. Similarly, Perumbakkam is yet another hub of Chennai that is one of the most desired locations of the city in terms of Real estate investment. Vasantham, one of the flats for sale in Perumbakkam has 20 beautiful residential units that are tastefully designed and carefully executed to appeal to customers. Sunday project at Vengaivasal is another stellar residential venture built to provide luxury and comfort. 

Such residential ventures have changed the face of Real estate in Chennai. Residents of the city have shifted their location preferences from the Central Business District to suburban markets for want of space and comfort. And the builders of the affordable properties prides in offering nothing but the best, modest at their best indeed. 

Affordable flats in Chennai

src: NDTV

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Builders in Chennai