#duplex villas in omr

[cosyrealty12-blog]

The Real Estate overview of Chennai

Chennai, the capital of Tamil Nadu is one of the biggest, industrial, commercial and cultural centre of South India and also the fourth largest Metropolitan city in India. The real estate market in Chennai has been witnessing an unprecedented growth over the years and it is expected to increase in coming years. Property prices in Chennai vary depending upon the influencing parameters such as location, accessibility to SEZ or IT/ITEs corridors, and presence of other social and physical infrastructure.

People looking to buy properties mostly in the IT corridor set up along Old Mahabalipuram road starting from Madhya Kailash to Serusri. This location plays a major role in the growth of Chennai residential sector. Chennai is India’s second largest exporter of IT and ITes services. Apart from IT/ITes, Chennai accounts for 60 percent of India’s automotive exports and 35 percent of tourism sector.

There are several fast growing residential/real estate hubs in Chennai like Adayar, T. Nagar, Pallavaram, Velachery, Valasaravakkam and several other growth corridors around GST Road and OMR. Also, with the expansion of Metro rail and improving performance of commercial real estate agents, the market is growing rapidly.

There is an increasing demand for mid end and affordable real estate projects in Chennai and these projects are mostly 2, 3, 4 BHK apartment type offering multiple facilities and comfort and are priced higher than the market. Chennai has the port advantage also which draws the top manufacturing firms and prime realtors to the city. The city offers a stupendous inflow of real estate developers and builders due to the raising commercial scenario.

Also, being the cultural and heritage city, Chennai is drawing attention of the people who prefer for short term rentals. The rental industry is also witnessing huge growth in the city and surrounding areas. Especially, the booming BPO and IT have been playing a key role in the real estate and rental markets across the city. The city also emerging as one of the most sought after junctions by foreign buyers and investors who are looking to buy and sell properties. Also, the several duplex homes and villas are being constructed in the IT zone with all the amenities mainly to cater needs of all the top level executives.

The demand for purchase of office/commercial space in the city continues to be strong and giving attractive returns on their investments. Since the growth of real estate in Chennai is unstoppable, many new projects are being launched by the top most real estate developers of the country.

Cosy Realty, a prominent real estate and a rental market place devoted to providing consumers like home buyers, sellers and dreamers providing the most perfect databank of for-sale properties.

For more details, visit https://www.cosyrealty.com