Real Estate Agents In Chennai,Estate Agents In Chennai,Real Estate Agents Chennai

Chennai is the hub of South India for various economic (commercial and industrial), geographic and political activities. It is one of the 4 major metropolitan cities of India. Since the city has a large portion of the country's automobile industry, the city is also taken as the automobile capital of India. With the Foreign Direct Investment (FDI) as initiated by government, the city is also now a hub of various IT / ITES/ BPOs.

Along with the main industries like automobile, software services, hardware manufacturing / financial services, the demand for real estate in Chennai has tremendously increased. Sound infrastructure, computerized stock exchange i.e. Madras Stock Exchange, international airport, Port and Ennore Port, contribute substantially to the increase in the real estate value of Chennai.

One of the best returns in real estate investment in India can be assured from Chennai. The commercial returns are at 10.25-11.25%, retail at 11-12% and on residential properties are 5-7% per annum.

Property Trends

Some of the traits of Chennai property are enlisted below-

The Demand
The demand for the real estate in Chennai is very high. From residential, commercial to industrial, the demand and supply scenario for all the three domains of real estate has an upward trend. Over the period of time, there has been significant change in the preferences of people in relative to real estate industry. For example, toady, people prefer the southern suburbs of Chennai for their housing requirements. As a result, development of large residential townships has been observed in the city.

Government support to various industries like IT, ITES, BPOs, etc., have also triggered the demand for large commercial complexes. The rate in terms of both capital and rental are soaring high in the Chennai real estate market.

Basis for Boom
The Chennai real estate market is soaring high in relative to market value in both domestic and international markets. As a result, this lays space for investors and builders to probe in to the city. Some of the core factors that results in boom in real estate market of Chennai are enlisted below -

Lower rentals in city.
Sound urban infrastructure.
Easy availability of housing loans.
Higher prevalence of disposable income levels
Foreign direct investments supported by government.
Availability of large lands / floor plates on the outskirts of the city.
State government pro-developmental policies towards housing & IT / ITES sectors.
Impetus given by the government for setting up STPs (Software Technology Parks).

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