Chennai – Emerging Real Estate Trend

Property in Chennai has been picking pace in the real estate market lately. While, the residential properties of Chennai have reached a point where it is very difficult to purchase a residence in popular places, the home choices are also modifying with people’s preference.

Chennai brokers reveal that Chennai Property Costs have been on rise since long, especially the residential prices. The costs of residential homes are quite high in places like T.Nagar, Adyar, and Anna Nagar. The price ranges from Rs 50 lakh to Rs 5 crore based on the unit area. As a result to buy a property in Chennai or especially in these areas are getting more costly.

As these places have achieved high growth new sectors and software companies are arriving up at NH4, GST Road, and OMR. Especially, the new improvements are arriving in affordable boundaries and larger places.

Further, the growing professional section and increasing number of IT experts have forced the personal demand and costs to a new height in Chennai over the last few years. Now, with increase in house tax by the local govt the real estate property prices have increased multiple folds.

Moreover, with more contact with other western world and incomes going up, individuals all over the country desire for a high-class lifestyle. This pattern has also caught up with Chennai people as well, wherein individuals are looking for luxurious housing options.

Also residential apartments in Chennai are becoming more popular day by day due to its cosmopolitan nature and high comfort. Many popular contractors in Chennai are building apartments that includes luxurious homes, offering super modern amenities. With young experts going in more for leased models, the luxurious apartments are attracting huge investment from the NRIs.

Since, growing industrial sectors and other developments produce 100 % profit in the future; investment in the Chennai residence is considered a great idea by real estate experts.

Source: http://www.realtycompass.com/blog/blog/chennai-emerging-estate/

Chennai – The real estate trend

As the economic condition improves in India buyers are more confident in investing in real estate. A whopping 10 million square feet of land is needed for the IT/SEZ sector which indicates the kind of demand presently witnessed in the commercial sector. With the Indian economy getting back on its foot after the global meltdown, buyers have come forward towards investing in real estate property as an investment option.

Chennai city has witnessed a dramatic increase in the number of real estate investments. Developers are going with the stride in constructing new projects in prime parts of the town. The demand has been rising consistently and corresponding number of housing units are supplied to meet the demand. Thus, there is a balanced demand supply ratio in the city of Chennai.

However, there is an inconsistent proportion of demand supply in regions like GST road and OMR region. The housing units exceed the demand ratio leaving a pile of stock of housing complexes unused. The rest of the city is however maintaining a good trend with positive real estate scenario.

The real estate property prices have increased by 40 percent in certain areas which cause price sensitive buyers to be hesitant. The demand for quality homes in localities like Velachery, R.A. Puram, Nungambakkam, Annanagar and Adyar are on rise. An investment in these localities is most likely to bring in huge returns.

The city’s realty market has got a facelift through excellent social infrastructure, good transport connectivity, entertainment centers etc. The upper middle class segment and middle class are showing keen interest to invest. The property prices are also being corrected in places where the demand has been reduced. Overall, to buy a property in Chennai is a wise choice and one can expect good returns after a certain period of time.

To more about find property in Chennai, Visit: http://www.realtycompass.com/real-estate-in-chennai

Source: http://www.realtycompass.com/blog/blog/chennai-estate-trend/

Chennai Realty – A brief excerpt

Please find excerpt’s interview of the real estate market scenario of Chennai realty:

What are the main market segments in Chennai?

Since, the middle class segment of the city is vast in the Chennai city, the mid-market segment has been a popular sector for the developers. The mid-market segment apartments are priced in the range between Rs. 40 and 80 lakhs. The high-end segment also has takers and is priced over Rs. 2 Crore. Grand luxury projects are proposed in upscale areas like Nungambakkam and Guindy with massive number of apartment units at elite prices. These apartments have world class facilities like business lounge, swimming pool, cafeteria, automatic car park etc.

What kind of market do we find in Chennai?

The market in Chennai is very robust. There has never been a crash in the past three decades in the real estate market. Therefore the Chennai market provides safe investment atmosphere with respect to real estate. The upscale segment is booming with proposed luxurious residential structures in the Central Business Districts like Nungambakkam, Poes Garden, Alwarpet etc.

Why are the prices going up in Chennai as opposed to other cities?

The main reason is to maintain the stability of the market. An erratic pricing scheme would only result in insecure builders and consumers. Early bird offers are offered with a percentage of deduction in the overall price. Apart from that every apartment unit is sold at a standard market price.

Is this a good time to invest?This is certainly a great time to invest in the housing segment. With the global market recovering from recession, there are many projects in construction at popular localities. Prices have stagnated for a while, so it is a good time to take advantage of this factor before liquidity.

To find and buy a property in Chennai, Please visit http://www.realtycompass.com/real-estate-in-chennai

Source: http://www.realtycompass.com/blog/category/advisory/

Realtycompass wins “Emerging property portal of India 2013”

Chennai, 3rd October 2013: Realtycompass.com, India’s first ever property search engine was awarded “Emerging property portal of India” by Silicon India.

SiliconIndia is the largest professional networking portal of India largest featuring professionals from technology, Business, entrepreneur news, Best Jobs and career opportunities.
Speaking on the occasion, Mr. Nimesh Bhandari, CMO, RealtyCompass.com said, “We are very glad to be recognized as “Emerging property portal of India”. This award is a recognition of our efforts to be a customer centric property portal with the most accurate and exhaustive listing of new projects.

About Realtycompass:

www.realtycompass.com, India’s first ever property search engine with a path breaking idea which promises to give home buyers the unique benefit of getting information about every project in the city. The business idea is to give customers a “single window” for their home purchase.  The idea has 4 primary benefits namely,

1.Give home buyers option to strike a best deal in home purchase  by listing all projects                            

2. Find a home which fulfills each and every requirement

3. Provide Single window for home search

4. Give 10 times more projects than any other property portal

 www.realtycompass.com has already comprehensively listed 2500 projects in Chennai and Bangalore, 1100 projects in Hyderabad and 250 projects in Coimbatore, which is 10 times more projects than the nearest competitor in the online property portal space.

Check Some of our following links for your city to find property(Villa, Apartment, Land, House) in your city:

Buy a Property in Bangalore
Buy a Property in Coimbatore
Buy a Property in Chennai
Buy a Property in Hyderabad

Source: http://www.realtycompass.com/blog/

New Properties in Chennai South Digest – 3rd October 2013

FindOut the List of new properties in Chennai South which are available for Sale. It includes Apartments, Residential Lands, Villas. It you are realty interested to Buy a Property in Chennai.

1. Green Park by Chandra Sekar Builders

This property is located in South Chennai and promises to provide comfort and luxury amidst the city. With 151 apartments Green Park is on its way to become the dream home for many.
Check out the amenities at http://www.realtycompass.com/property-view-green-park-by-chandra-sekar-builders-in-chennai-south

2. Sree Adithya Avenue by Avani Real Estate

If you are looking for a plot to build your own designer home look no further. The plots for sale at Sree Adithya Avenue are one of the popular Residential/Plot Developments in Padappai
More details available at http://www.realtycompass.com/property-view-sree-adithya-avenue-by-avani-real-estate-in-chennai-south

3. Meenaa’s by Stepstone Promoters Pvt Ltd

Luxury and comfort rolled into one, the project has 2 and 3 BHK apartment with Children’s play area. Ideal for your family it is a good deal in South Chennai
For your family check out this home at http://www.realtycompass.com/property-view-meenaasinglequotes-by-stepsstone-promoters-pvt-ltd-in-chennai-south

4. Hrish’s by Stepstone Promoters Pvt Ltd

Another property by the builders of Meenaa’s. As the builders promise luxury, style and comfort in each of their project even Hrish’s is developing to keep up the promise.
Find more details about the project at http://www.realtycompass.com/property-view-hrishsinglequotes-by-stepsstone-promoters-pvt-ltd-in-chennai-central

5. Harinivas by Stepstone Promoters Pvt Ltd

A homes of comfort to utilize the special amenities for modern lifestyle, daily needs which are conveniently provided with a blend of luxury and space for relaxation and sharing of precious moments.

For specifications visit http://www.realtycompass.com/property-view-harinivas-by-stepsstone-promoters-pvt-ltd-in-chennai-south

Source: http://www.realtycompass.com/wp/blog/new-properties-in-chennai-south/

A Guild for Home Buyer

Property search is a very volatile and cumbersome exercise. Until and unless there is guided vision and vast expanse of data and analysis, one cannot simply narrow down to a single property. Even after much debate and data crunching, one is bound to take a decision between a couple of properties or sometimes may be even 5 or the home buyer faces a certain debacle in his endeavor. So before a prospective customer opens up this very important task in his life. He or She should formulate a set algorithm to make his dream of buying a home a grand success. And of course look up to divine and data guidance.

Let’s consider the example of a home buyer searching for a property for investment, he should start by looking for properties with consistent appreciation rather steep increase and decreases.

When he looks for a locality with consistent appreciation he is taking a step towards a safe investment with little risk. And secondly he should look at pricing, pricing is an important factor in investment because generally investment is made small and reaping of dividend needs to be high. So a home buyer essentially needs to look at properties with reasonable pricing or sometimes even a budget pricing. Thirdly builder reputation is also an important aspect when it comes to investment because while selling the property builder reputation helps in terms of resale value. Primarily investment is made through partial funding and loans, so considering hassle free and flexible loan options would be a good idea.

If you are looking to buy a property in Chennai, or looking for an residential apartments in Bangalore, or searching for your dream home in Hyderabad or Coimbatore, visit our huge list of new properties only at RealtyCompass.com



Source: http://www.realtycompass.com/wp/blog/zero-down-on-home-to-buy/