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/

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/

SHIFT IN REAL ESTATE TO NORTH CHENNAI

Chennai Realty is currently the most dynamic real estate market. There was a lull in the past few years due to several factors but it is now on a rise and how. The builders with unsold property are now seeing a ray of hope. The infrastructural development in the city and the influx of other sectors like IT, textile etc apart from the core sector and import/export have increased the value of real estate in Chennai.

South Chennai has seen immense growth in real estate. People can find property in Chennai as per their requirement. There are apartments, villas, row houses etc to choose from. South Chennai has become a bit saturated as a result of which the builders are now focusing on North Chennai.

North Chennai is comparatively cheaper and you can get luxury flats and apartments at affordable prices. People are also trying to find a property in Chennai in the north. They are ready to commute at the prospect of economical housing options.

After South Chennai, North Chennai is gearing up for the real estate boom.

Source: http://realtycompass.wordpress.com/2013/08/26/chennai-realty/