Chennai real estate market is still continuing its development in and around the city and it is time for the real estate developers and investors in future. Now in Chennai, the Government has launched new projects like Chennai International airport and Vandalur Bus Terminus, in coming years the infrastructure and connectivity of the city would be improved. In future, it will be tough to buy plots in chennai and around areas.
In the city business environment have always worked in the advantage of Chennai real estate. But presently it's the way the city is shaping up to equal the standards of modern living and on looking new developments, that's magnetizing huge investments.
The upcoming Chennai Airport Project would create business prospects and boost the property values in the vicinity. According to a Chennai real estate business, the sale of a 1200 sq. ft property in Porur, Avadi, Thriuvallur and Thirumazhisai, prime localities in the city, more than 50 crores, has sent the Chennai real estate market.
Apartment values in Thiruvallur, near Avadi, for the month of December are around 2500 per sq.ft as compared to 2000 per sq.ft for the month of September. The demand for hotels and service apartments would also set off as a result of airport renewal. This will mean more business for the hospitality industry. Further it will also benefit the travel and tourism industry of Chennai. All this would help boost the economy as well.
Foreign real estate companies have invested many million dollar in Chennai project to develop mixed-use high-end residential and commercial complexes, says media report. According to the report, Elbit Medical Imaging Ltd, Nasdaq listed Israeli firm, have bought 80 per cent of a 135 acre plot in the southern city from an unnamed Indian real estate developer. Owing to the exceptional development of IT/BPO sector in Chennai and with foreign investments and improvement in infrastructure facilities and services, the Chennai Real Estate market is inviting sumptuous investments.
In the city business environment have always worked in the advantage of Chennai real estate. But presently it's the way the city is shaping up to equal the standards of modern living and on looking new developments, that's magnetizing huge investments.
The upcoming Chennai Airport Project would create business prospects and boost the property values in the vicinity. According to a Chennai real estate business, the sale of a 1200 sq. ft property in Porur, Avadi, Thriuvallur and Thirumazhisai, prime localities in the city, more than 50 crores, has sent the Chennai real estate market.
Apartment values in Thiruvallur, near Avadi, for the month of December are around 2500 per sq.ft as compared to 2000 per sq.ft for the month of September. The demand for hotels and service apartments would also set off as a result of airport renewal. This will mean more business for the hospitality industry. Further it will also benefit the travel and tourism industry of Chennai. All this would help boost the economy as well.
Foreign real estate companies have invested many million dollar in Chennai project to develop mixed-use high-end residential and commercial complexes, says media report. According to the report, Elbit Medical Imaging Ltd, Nasdaq listed Israeli firm, have bought 80 per cent of a 135 acre plot in the southern city from an unnamed Indian real estate developer. Owing to the exceptional development of IT/BPO sector in Chennai and with foreign investments and improvement in infrastructure facilities and services, the Chennai Real Estate market is inviting sumptuous investments.
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