Chennai is the most promising real estate market in the southern part of India. After Bangalore, this capital city of Tamil Nadu has earned a good reputation for real estate. With the increase in the commercial investment opportunities, this metro city has secured a reliable place in real estate market. Being a conservative market, home buyers in Chennai are driven by location over other considerations. Residential projects in Chennai with modern amenities and large space are transforming the city majorly with township projects and villa projects are coming up to offer better options for buyers to buy. In recent years, the annual price growth is recorded at 9.79 percent, which is a good sign overall.
The social and physical infrastructure of Chennai has improved a lot past few years. This has attracted real estate developers and home buyers to invest. Generous landscaping, schools within the campus, shopping malls within the vicinity, health clubs and other facilities are now becoming the part of residential projects in Chennai. Top real estate developers like Godrej Properties, Puravankara, Mahindra Landscapes, Sobha Limited, Brigade Groups and few others are rapidly investing in new residential projects in Chennai.
Top localities including Thiyagaraya Nagar, T Nagar, Alwarpet, Anna Nagar, Kadambakkam and others have fluctuating real estate price. The average property rate in Thiyagarya Nagar is Rs 18,000 per sq ft, followed by Choolaimedu where the price is Rs 9,090 per sq ft. Many on-going residential projects in Chennai are in these areas with different property rates. You will find categories ranging starting from Rs 25 lakh to Rs 50 lakh and above.
Among the upcoming projects in Chennai, you will also find villas with the price range of Rs 10 lakh to Rs 25 crore. You will find some high-end villa properties in Raja Annamalaipuram, Alwarpet, Anna Nagar, Nungambakkam, etc.
If you are looking to invest in new residential projects in Chennai or on-going residential projects, then Flatfy is the right site to go for. The site keeps updating the list of on-going residential projects in Chennai with all the details required by home buyers before buying. Connect with Faltfy.ru for the new project update.