Buy properties in Chennai & sell properties in Chennai
Tamil Nadu’s capital
is all geared up to welcome home NRIs wanting to set
up their business. The buzz about the property in
Chennai is that the IT sector is expanding. For the
last two years ago the real estate development in
the capital has increased.
This has helped builders to buy more land for
development. Many foreign investors are tapping the spacious and low rental
market in the city. Since there is plenty of infrastructure development in the
city, it is only natural that the city is now having a slight boom time.
In comparison to Bangalore and Hyderabad, it is still developing its wings.
However, because the city has a strong infrastructure back up and a stable
political will it is open to new opportunities to generate income.
The suburbs of the city are now registering
plenty of housing developments. Unlike the multi-storey and towers of Mumbai and
Delhi duplex apartments, row houses and individual bungalows are plenty.
Some of the areas where property in Chennai is developing quickly are CBD-Anna
Salai, Old Mahabalipuram road, Guindy, Perungudi. South Chennai remains the
premium ground for high net worth players. In North of Chennai, there is
residential activity on a 70-acre plot of land in Perambur. Otherwise, maximum
activity is centering around IT parks in and around Chennai. As the rates of
offices and homes are reasonable there are many people wanting to relocate to