Chennai Homes for Sale
Chennai, the capital of Tamil Nadu, is located on the Coromandel coast of the Bay of Bengal. Catering to a large population, Chennai enjoys the status of the fourth largest metropolitan city in India. It is becoming more famous due to the huge emergence of IT companies that have given new meaning to Chennai’s commercial properties.
The booming information / IT technology and Chennai BPO industry have also played a significant role in altering the residential setting. It has helped the city meet the demanding needs of the business market. The next trend in Chennai is for apartments that offer a variety of facilities such as swimming pool, gym, clubhouses, etc.
Keeping pace with the rapid development of commercial properties in Chennai, the city’s retail market is also poised to give its real estate market a strong boost. The shopping mall culture in Chennai is set to exert all its charm, with several dazzling shopping centers popping up over the next three years. Some of the upcoming retail projects in the city will be brought in by prominent builders such as DLF, Shriram Properties, and Prestige Group. This clearly underscores an explosive growth in Chennai’s real estate sector.
Retail projects in Chennai are rapidly outpacing other development plans, especially the feverish activity of building housing units. It is driving the demand for commercial space in areas such as Besant Nagar, Aminjikaral, Velachery, Mogappair, Sirusseri, Semmenchery and Perambur.
With Chennai properties experiencing strong appreciations at a rapid pace, real estate investments in the city are certainly worth the idea. Chennai is fast becoming one of the preferred destinations for cross-border investors looking to carve a substantial niche in the Indian property market.