Property sale in Perumbakkam reaches New level

The new interest of the property buyers or Real Estate investors in Chennai is the flats for sale in Perumbakkam. Some years back, Perumbakkam was a no-man’s land with very frugal residential activity in the region, but today, Perumbakkam has emerged as one of the hot spots of Real Estate investment in Chennai. There are a number of reasons that easily make Perumbakkam a favorable investment option.

Price

The middle income and upper middle income segment of Chennai population find it near herculean to invest on properties in the Central Business District of Chennai. Regions such as Valasaravakkam, Tambaram, Perumbakkam..etc are in close proximity to CBD and yet offers relatively more affordable pricing in flats and other Real Estate properties for those community of property buyers.

Location

Perumbakkam enjoys a favorable location in all terms. Bound by OMR, GST Road, Tambaram, Medavakkam and Sholinganallur, Perumbakkam is all set to witness great progress along with these regions.

Infrastructural Progress

OMR’s IT expressway, the Metro Project, new transportation systems and other infrastructural developments tilt favorably towards the flats for sale in Perumbakkam.

Metro Project: Indiavision

Social Infrastructure

The region is today home to a number of avenues catering to the urban community. Perumbakkam has a number of premium educational institutions, several entertainment avenues like malls and best-in-class medical institutions thus creating more reasons for Real Estate growth.

Potential growth

Growth potential of Perumbakkam is quite high. Global property consultant Knight and Frank has researched that Real Estate appreciation is expected to be the highest in Medavakkam in the next five years. Perumbakkam is in the closest vicinity to Medavakkam and hence stands tremendous potential in terms of growth.

Owing to such current and potential demand, a large number of builders in Chennai are constructing landmark properties at Perumbakkam. Homes here are complete with aesthetic appeal, functional competence and best architectural standards. Today, the landscape of the region has changed tremendously. Vacant pieces of land have given way to construction of residential and commercial properties.

Finally, flats for sale in Perumbakkam are today the obvious hot properties promising exceptional ROI in the long run. These factors clearly contribute to the rise in housing demand in this region. Perumbakkam is a prime residential destination of Chennai that is home to a large variety of homes and properties. Studio style apartments, budget and economy flats, townships, opulent homes and spacious apartments are some of the kinds of properties one can choose from at Perumbakkam.

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Builders in Chennai

The Real Estate Scenario of Chennai in 2012 & 2013

Real Estate in Chennai is a very striking phenomenon. While the Central Business District has always enjoyed distinction of being the most preferred and the most invested in, there are other more silent counterparts in the city that have been growing steadily and today reigning supreme. The peripheral regions of Chennai have been witnessing immense residential and commercial growth in the last two decades. Large plots of agricultural lands have been usurped to make way for thriving Real Estate activities, since the demand for Real Estate in the city has been skyrocketing. Chennai’s Real Estate market has been largely end-user driven and hence economic slowdown has not affected the city’s realty prospects as much as it’s done with other metropolitan cities.

2012 through 2013 – Chennai’s Real Estate market

In 2012, the demand of Real Estate in Chennai observed significant movements in terms of buyer interest and large volumes of land and property transactions. 2012, therefore saw a big wave of property development and realty project launches in the peripheral and suburban regions of Chennai. Buyers and builders in Chennai engaged in large volumes of land transactions in regions like GST Road, Medavakkam, Perumbakkam, OMR and Sriperumbudur as the regions were poised for dramatic potential.

In 2013, markets began to slow down; While other metropolitan cities faced a slump in Real Estate demand, Chennai continued to do well undeterred by market drivers. But in the third quarter of 2013, the falling of rupee, market uncertainty and turbulent economic conditions made the sales velocity to drop its pace. However, Chennai picked up by the end of the fourth quarter of 2013. There was a sudden spurt of interest in the Real Estate market of Chennai especially from the NRI segment. Builders in Chennai introduced schemes and newer projects considering the dynamics of the market and buyer interest then. But 2014 is expected to take the path of its predecessor and cater to the demands of prospective buyers.

Source: ET Now

Chennai has always been considered as a favorable destination for Real Estate investment in South India. It has consistently attracted investors with the best of educational, infrastructural, healthcare and quality of life. However, Real Estate in Chennai assumed newer and larger proportions with the entry of multinational giants in IT/ITES, manufacturing, chemical and automobiles. This advent accelerated career prospects immensely thereby increasing the percentage of migrants to the city. This increase in residents of Chennai creates residential demand in the form of property purchases and rental options.

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Builders in Chennai

  

  

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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Builders in Chennai

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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Builders in Chennai

Watch Out before Buying a Flat

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Builders in Chennai

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.

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Builders in 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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Builders in Chennai

Some Specific Regions in Chennai observe Bigger Growth than Others, Why?

If you are looking at investing in Chennai, then there are locations worth considering over many others. Premium builders in Chennai understand the significance of locations and ensure their residential and commercial projects are constructed in strategic locations for higher rate of returns for investing customers. Chennai has undoubtedly attained great heights in Real estate and infrastructural growth over many other metropolitan cities of the country. Despite the economic slowdown in thriving cities like Mumbai and Delhi, Chennai continued to show an upsurge in Real estate demand and property prices. Rapid increase in industries and multinational businesses has contributed to soaring growth of Real estate in Chennai city unlike any other.

Experienced organizations have invested quality time in researching Chennai market, global construction standards and influenced the best of both worlds in Commercial and Residential Real estate projects. Regions like OMR, ECR, Medavakkam and Perumbakkam are each transforming into self-sufficient cities themselves for such is the quantum of infrastructural growth here.

• Since bulk of the industries and IT organizations are stationed in or around these areas, the challenge of proximity to work place is covered when you stay at one of the Residential projects in these areas. 

• Secondly, there is an abundance of Recreational and Entertainment options making it convenient for families to spend ample time amidst numerous facilities.

• Thirdly and more importantly, these are regions that are poised to observe stellar Real estate growth in a few years. So, investments are guaranteed to triple in a few short years. 

Premium builders in OMR, Medavakkam and Perumbakkam, Chennai with numerous Real estate projects in these regions, have delighted several thousands of customers. The patronage is obvious in the quick closure of bookings as and when a project commences. Medavakkam has today become a go-to destination for all progressive things in the Real estate market. World-class projects reflect the quality, innovation and standards that have gone into the conceptualization and construction. Additionally, exponential capital appreciation of well maintained properties is a significant plus amongst Real estate investors. These properties are brilliant as primary homes and also serve as exceptional solutions to acquire rental gains. 

Launch of a Popular Multiplex in OMR, Chennai

src: Galatta

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Builders in Chennai

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

How do you find out the best of Builders in Chennai?

Builders in Chennai are numerous since the demand for residential and commercial properties is at an all time high. So, Real estate Investors have a mammoth task of identifying the right kind of Real estate developer. Many times, a top notch brand or exorbitant pricing cannot really be associated with quality or durability of construction. Therefore, when choices are numerous; it often becomes a herculean task to determine the builder that is best suited for your housing dreams, preferences and budget. Sometimes a relatively new builder can incorporate better ethics and work excellence when compared to an old brick in the wall. So, the question is how to determine the best builders in the city.

Check Previous Projects

It is extremely important to do an extensive check of the projects that have been completed to determine the quality of construction, aesthetic appeal of the property and upkeep. This will give you a good idea on how the property you are interested in will be. The builder’s expertise and commitment is better represented by their portfolio.

Do Secondary Research

Firstly, go online. For instance, if you are interested in homes in Medavakkam region of Chennai, check for builders in Medavakkam. Make a quick shortlist of Real estate developers and visit their websites. This is important because the company website will tell you who the builder’s target clients are. Some developers cater only to high-end clients which mean their prices are also high. Some others cater to all strata of the society thereby making it suitable for first time buyers and middle income groups as well.

Perform Primary Research

Once you've zeroed in on the builders in Chennai of your choice from a bigger list, you need to talk to residents who have occupied their properties. This is first hand information and you will get better idea of potential problems you are likely to face. Direct customer testimonials are the best way to assess a builder. Delivery time lines, quality concerns, maintenance and reliability are factors you can understand through this research.

A Property Fair in Chennai

Location plays a huge role

Real estate in Chennai is burgeoning with equal balance in all areas of the city. While it is a wonderful proposition to go on with homes or flats for sale in Chennai’s Central Business District; it may not really be a feasible task for three important reasons. Price, travel time since most companies are located in the suburbs and an Eco-friendly atmosphere are the determinants. Therefore, Investors have shifted focus to suburban and micro-markets to satisfy their requirements. Many reliable and renowned realtors have exceptional residential properties in areas like OMR, Medavakkam, GST Road and Perumbakkam that are affordable in the current scenario and promise great returns tomorrow. 

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Builders in Chennai

The Different Shades of Real Estate Market in Chennai

The Real estate market of Chennai is largely categorized into Residential and Commercial. Flats for sale in Chennai hold different price tags owing to the difference in Real estate standards and region specific demand. Some locations are simply more Real estate friendly than many others. OMR, ECR, Medavakkam, Perumbakkam and Sriperumbudur fall under this category of regions. Several Real estate developers construct affordable and qualitative residential projects to cater to different sections of the society. Therefore, Real estate Investment is not a far-fetched dream for thousands. However, there continues to be an increasing number of luxury and premium apartments and residential projects with a big price tag. IT/ITES corridor and numerous other multinational organizations have contributed to larger income of Chennai dwellers. 

Commercial Development triggers Residential Growth

The increasing number of apartments for sale in Chennai is directly attributed to the quantum of organizations that have forayed into the city. Real estate developers have begun to construct state-of-the-art working spaces to accommodate the burgeoning demand for commercial projects. Location, infrastructure, amenities and connectivity are elements that cannot be compromised for a commercial venture. As more and more such advanced projects take over Chennai’s landscape; a larger number of employment opportunities are created. With employment arrives population and population demands modern housing in close proximity to the workplace. Therefore, commercial development in a city triggers demand for housing. These changes characterize Chennai’s real estate market.

Residential Real Estate market in Chennai 

Real estate market is handled by Investors and primary Buyers. The latter belong to the community of people who buy a home for the purpose of staying and Investors are those who intend to allow the property on rent. Irrespective of the category one belongs to, both Investors and Buyers are exposed to numerous choices of ownership. There are luxury villa projects, premium flats, studio apartments, integrated townships and modern farmhouses. And each project is constructed bearing in mind the needs and preferences of the modern buyer. Contemporary mindset also demands abundance of amenities preferably within the place of stay and these can include swimming pool, play area, fitness center, club house and security besides several others. 

Flats for sale in Chennai, perhaps the most sought after investment options since they are more affordable, higher in demand, adhere to community lifestyle living and come with modern amenities. Residential apartments are hence observing stellar growth in a city like Chennai that is soaring past other metros in terms of Real estate growth.  While it is now difficult to say if commercial growth is triggering Residential demand or vice versa; Chennai’s is a growth story that is here to stay and burgeon.

                                                    
                                                   $2 million dollar flats in Chennai

src: NDTV

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Builders in Chennai 

  

Reasons attributing to phased Real estate Growth in Chennai

Real estate in Chennai is a prolific market. Chennai real estate has observed landmark transformations before assuming the status it enjoys today. The city has been the choice of industrial destination by companies across the world and is poised to receive further attention in the years to come. This kind of industrial growth is identified as one of the primary reasons for development of real estate and infrastructure in the city. As with many other cities and metros in the country, Chennai also witnesses real estate growth that is dependent on geographical focus. While some areas in the city has made tremendous development both in terms of quantum and quality of real estate growth as well as steep increase in prices, some others are slowly playing catch up.

There are a number of reasons that can be attributed to such differential development rates with respect to Real estate in Chennai.

1. A number of infrastructural projects are focused on different parts of Chennai instead of focusing on uniform growth. The most prestigious of them all is the Metro project that plies through specific regions. Regions that lie in and around the areas of massive infrastructural development also receive maximum real estate investor attention. With increase in residential and commercial real estate demand in these areas, builders in Chennai also increase supply in these high-in-demand areas.                                                                                                                                                            
2. A number of industrial projects including the ones on the IT/ITES corridor, Sriperumbudur industrial belt and even the Central Business District area have a lot of takers in the residential real estate market as well. People prefer to be based out of areas that are closer to their workplaces and hence industrial growth prone regions are also hubs of residential development.                                                                                                                                                                             
3. Demand patterns have known to be phased in Chennai. Real estate investors prefer certain regions in the city due to a wide variety of reasons. And as a significant number of people begin to invest in a specific region; the trend catches on and larger groups of people are attracted by the area’s sudden appeal. And as demand for real estate increases in that specific region, prices also increase. Thus it becomes a desired circle for real estate builders as well.

Chennai Metro Trial Run: NDTV 

Real estate in Chennai may have suddenly and rapidly burgeoned due to various factors that have made the city a preferred hub for industries, builders and investors alike but the trend is likely to stay on and offer bigger returns to those who act quickly. 

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builders in Chennai 

Connectivity facilitates Decision making of Real Estate Properties in Medavakkam and OMR, Chennai

Many builders in Medavakkam and OMR, in Chennai, have proactively judged the real estate demand these regions are expected to generate and constructed milestone real estate projects. Many other builders have reacted to the scenario and continued the saga of construction so as to facilitate the increasing demand for commercial and residential projects. A few decades ago, OMR and Medavakkam had vast stretches of land with little development in terms of real estate. Today, the landscape has completely transformed to accommodate large and modern apartments, villas, farmhouses and commercial properties.

There are many properties built in Medavakkam and OMR are tastefully designed and meticulously constructed using the best of resources and exceptionally qualified and trained staff. These apartments and homes stand the test of time since they are durable, well maintained and constructed using quality resources. They are also Eco-friendly homes with large breathing spaces in the right location thereby offering capital appreciation in the long run. Perumbakkam near Medavakkam is another region that is quickly garnering a lot of attention and is poised to observe real estate boom.

Proximity to important Neighborhoods 

Medavakkam is located near Sholinganallur, Selaiyur, Madipakkam, Keelkattalai, Tambaram and Velachery. This rapidly developing region is also situated near the city’s IT/ITES corridor and SEZ. OMR is no stranger to this concept as well. Of the two, OMR was the first to develop in terms of real estate development. And today, the prices here are almost close to the rates seen in the Central Business District. Medavakkam may not be as exorbitantly priced as the properties in OMR or ECR. They are a lot more affordable now but are expected to increase in prices in a few years from now. Owing to the proximity to important neighborhoods, both OMR and Medavakkam have no dearth of best-in-class hospitals, international schools, important colleges, entertainment hubs and places of worship.

Builders in OMR and Medavakkam, Chennai have constructed high quality homes closer to significant destinations. The main modes of commuting include bus, vans and autos. MTC(Metropolitan Transport Corporation) bus service is commendable at Medavakkam.  Buses plying between Velachery and Tambaram pass through Medavakkam junction. Residential projects are usually built to analyze the current and future needs of customers to design homes that possess a long term perspective.

Interview with a Real Estate pundit on OMR & Medavakkam

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Builders in Chennai

Things to consider while Investing in Residential Properties of Chennai

There are a lot of things to consider when you plan to invest on homes or apartments in Chennai.  Chennai is witnessing mammoth realty developments, visible by the numerous apartments for sale in Chennai and now is a good time to invest in Real estate if you haven’t done this far. Here are certain things you must consider before investing in a property of your choice.

Location: Location plays a huge role when it comes to investing on Real estate in Chennai. The region must do well and hold immense scope for giving you good return on your investment. Proximity to important amenities and good neighborhoods will not just make living there simpler but also fetch exponential capital appreciation in the long run.

Amenities: Many flats for sale in Chennai have modern amenities in them including play area, fitness clubs, swimming pool, tennis courts and power backup. Some more properties are a lot more elaborate and include medical facilities, shopping centers and even schools to make them a self-sufficient integrated township. 

Price: Price is perhaps one of the primary factors that contribute to property choice. Budgets are different and hence it becomes relatively easier to narrow down elements such as location depending upon your allocated budget.

Reputation of Builder: Some Builders in Chennai carry the reputation of creating quality homes and it is best to choose properties from such builders. Experience, expertise, portfolio and good understanding of the domestic market qualify as criteria when it comes to choosing the right builder. 

Property Guide

source: ET Now

- SUMANGALI HOMES

Builders in Chennai

Perumbakkam attracts Investors with Location advantage

Flats for sale in Perumbakkam are growing in numbers for reasons and location is perhaps the number one in the list. Here is why Perumbakkam enjoys a favorable location. 

• Perumbakkam is not too far away from the omnipotent OMR (2 kms) that is home to the IT/ITES corridor of the city.

• Perumbakkam is bound by popular neighborhoods and other important areas of Chennai namely Sholinganallur, Medavakkam and Sithalapakkam. 

• Perumbakkam is also connected to Tambaram and hence in early March this year, the region recorded an amazing 21 percent increase in property value. 

• The much awaited project of ELCOT SEZ is expected to at least double the realty prices of Perumbakkam in the next five years. 

Apartments for sale in Perumbakkam thus experience star status owing to the location and amenities they bring along. 

Flats in Perumbakkam have begun to take over the up-market trend like other thriving locations of Chennai. And an increasing number of premium builders are also creating landmark properties combining the best of architectural standards, aesthetic appeal and functional excellence in the homes and commercial buildings here. Perumbakkam and the adjoining Vengaivasal are further expanding the city’s geography to accommodate the realty demands of the city’s population. As realty prices in the city skyrocket and spaces plunge, the population of Chennai is persuaded to seek suburban markets where both elements are not a concern as yet. And in order to cater to the growing demand of the residents in such localities, the area becomes equipped for overall development.

Highlights of Perumbakkam 

source: 99acres.com

- SUMANGALI HOMES

Builders in OMR

Kinds of Residential properties in Chennai - Flats, Villas and Farm Houses

Real Estate in all arterial roads of Chennai is developing at a rapid pace. South of Chennai started the Real Estate revolution in the city. OMR and ECR have today assumed the status that the Central Business District of Chennai is enjoying. Gradually, as prices and demand accelerated, both builders and investors started moving in other directions thereby improving the city’s economy. Today, you can observe the colossal development occurring in regions like Sriperumbudur, GST Road, Medavakkam, Perumbakkam and other suburban markets. 

Chennai has a great variety of options to offer in terms of residential property.

   Apartments: Apartments come in various sizes, locations and styles. There is no dearth of flats for sale in Chennai and range from the compact studios to the more elaborate duplex apartments.

    Villas: Villas represent affluence, luxury of space, quality and comfort for the elite. The arterial roads of Chennai that has a lot of breathing space are where you can find exceptional villas of your choice. 

 Farmhouses: Also called weekend homes, farmhouses are available at serene locations. People invest in farmhouses primarily to spend their weekends or holidays in a more relaxed and pleasant environment.

     Flats for rent in Chennai are another going big trend. Chennai has a lot of migrant population. This community of people prefers to rent residential properties close to their workplace. Hence, all industrial locations of Chennai have a great number of rental apartments with good choices. Premium builders in Chennai create homes exclusively for rentals in these suburban markets.  

A simple affordable rental Flat in Chennai     

                                                                                                                                    

- SUMANGALI HOMES

Chennai