Chennais Suburban Real

Estate Will Experience Nearly

15 % Price Appreciation
Chennai being one of the metropolitan
city has a huge demand for real estate
sector. It is one of the major hub for
industries like automobile and software
which increases a huge demand for
housing and office spaces. The real estate
sector of Chennai was at hike at the first
quadrant of 201 and the sales started to
slack as the year proceded. This is due to
se!eral factors like the supply e"ceeding
the demand# the hike on price of the
construction materials and labour cost and se!eral financial policy changes
that affected the registration cost making the cost hike more. Inspite of this
se!eral properties are coming up all o!er Chennai due the political stability
and secure friendlier society. Chennai is considered to ha!e one of the best
societies to li!e in.
Investing period and location:
The time for in!estment in properties is good at the present. $!en though there%s
hike in the price of the materials and labour this price hike is absorbed by the
builders due to the hea!y competition. &ut this scenario is soon about to change.
The price hikes will reflect on the o!erall cost from 'arch# 201( on the projects
which are under construction at the present time. The most demand lies in
apartments and plots and the demand for !illa type buildings are comparati!ely low.
)ragadam# *udu!anchery# +erumbakkam# Tambaram# ,andalur# -mbattur#
+oonamallee# +orur are some of the localities where the demand is rising e!ery day
and the price is affordable around (0./0 lakhs.
Price appreciation:
These areas are looked upon by the Chennai corporation and there is fast
de!elopment of infrastructure in these areas. The infrastructure de!elopment
includes roads# sewerage and drinking water. -dding to this the C'01 corridor
passes through these area which again increases the demand. -ll these factors will
enable to see a price appreciation of about 10.1/ 2 in a period of si" months to a
year. -lso the construction cost will increase the price of projects under
construction. 'ost of the middle class people are mo!ing towards lu"ury
apartments due to their disposal income and ta" benefits. The 30Is also in!est in
Chennai in 2 &45 houses to get a shelter for their parents or to just own a house in
Chennai.
Source6 Common7loor.com
7or 1atest 8pdates on 0eal $state 8pdates# +roperty 3ews and Cities
Infrastructure 9e!elopments ,isit6 http6::www.commonfloor.com:guide
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