Real estate in Chennai, a couple of decades ago, was as conservative as the mind-set of the city. Residents preferred the Central Business District for abundance of amenities for the entire family. Home buyers have always been driven by location preferences in Chennai.

1. Real Estate Market in Chennai Today and Tomorrow
Real estate in Chennai, a couple of decades ago, was as conservative as the
mind-set of the city. Residents preferred the Central Business District for
abundance of amenities for the entire family. Home buyers have always been
driven by location preferences in Chennai. Therefore, there were a lot of limits
that were imposed in the real estate market as recent as even one decade ago.
When most other metropolitan cities focused on the creation of large integrated
townships and luxury apartments in the outskirts of the city; Chennai residents
were more than happy to stay at smaller homes that the CBD could afford.
However, this scenario is now changing.
Real Estate Chennai today is a far cry from what it used to be a decade ago. The
development in Chennai real estate is in form of the building and construction of
land based properties that are increasingly being used for various commercial
and residential purposes.
Chennai is the largest city in Tamilnadu and also the seat of the state government.
Being an important center for the industrial and commercial operations, the city
of Chennai is one of the most preferred destinations for investment in real estate.

2. Chennai has experienced tremendous
expansion in the industrial sector. It is
also known as the automobile capital
of India as nearly 40% of the
automobile sector is based out of
Chennai.
The
requirement
of
land-based
property
and
its
management is very crucial. Chennai
is an important Indian metro is an
important meeting point of cultural
heritage and history. Increasingly,
however, people are flocking to
Chennai for better living standards
and
employment
opportunities
offered by the city, especially since
Infosys set up its facility here. The city
is doing well in the real estate sector
also because
it is an important
educational
center
in
South
India.
Opportunities under the Real Estate Chennai




Residential complexes for people employed in Chennai
Commercial complexes for the large and medium size companies
Industrial complexes for manufacturing units
Investments in the real estate in Chennai are highly profitable as they give
good returns
 The Foreign Direct Investments in the real estate in Chennai is very lucrative

3. Every Thing is about Location
It is a frequent motto used to emphasize the importance that a location has on the
value of a real estate property. The heart of the message is clear -- if you pick the
right spot to invest your property in, you can be rewarded with a handsome
return on investment.
The Indian economy is in an interesting
stage right now. On one end of the
spectrum, signs are pointing towards an
economic surge. The Sensex hit an all-time
high a week ago, the RBI seems to be
making all the right moves to curb inflation
and bring stability to the rupee and
analysts can be frequently heard
commentating that finally it's a "trading
market". This means the economy is
picking up, the share market is ripe for investments and therefore investors and
traders can take advantage of the opportunities being presented to earn profits.
However, a quick way to see whether a country's economy is improving is to
simply look at its real estate prices. If real estate sales fall, then real estate prices
eventually fall in tandem. This then reduces the value of all homeowners,
whether they are looking to actively sell or not. The result is that there is a
reduction in home loans granted to those same homeowners. Finally, this reduces
consumer spending which results in reduced GDP.
So all in all, real estate prices or sales are a great indicator of a country's economy.

4. New Trends in Chennai Real Estate
In the coming months, real estate in Chennai is expected to witness dramatic
changes. There are a string of township projects that are in the making and due
for completion sooner. These projects are largely based out of OMR, ECR,
Sriperumbudur, GST Road and the likes. And they are expected to bring about
rapid transformation in the city’s landscape.
 Plot coverage in these townships is minimal and there is massive green cover.
This means that such projects are not only Eco-friendly but enable its
residents to lead a pollution free, safe, healthy and green living.
 Community living was a term that was unheard of in the city until 2006.
Today, the concept has been making breakthrough with several premium real
estate developers creating townships in the city. Community living has a lot
of advantages to offer. Man’s need of social engagement is enabled greatly by
society. Townships offer greater safety with security and proximity of other
homes when compared to independent homes anywhere in the city or
elsewhere. Townships usually are green projects and hence there is better
lung space. Such townships are thus set to create an indelible imprint on the
real estate market of Chennai.
 Residential communities are usually complete with all contemporary
amenities like swimming pool, sports courts, fitness center, joggers’ trail and
the more elaborate ones like retail centers, hospitals, schools and recreation
hubs thereby making them self-reliant in every sense of the word.

5. Real estate in Chennai has today set the pace with game changers of myriad
kinds. Now, as the townships complete and community living commences in the
city, real estate experts forecast a decisive momentum of a large spectrum in the
city.
Time to buy your home in Chennai is now
When is the best time to buy property in a city? Most of us would say when
prices are down. However, the Chennai real estate market has something to add
on here. Even though the prices are not falling, it seems to be a good idea to
invest in Chennai due to several factors.
With an uncertain political and economic situation across the country, real estate
markets in different cities have been grappling to come to terms with the
cautious buyer sentiment that has been plaguing the industry for quite some time
now. Both end users and investors have maintained a low profile in the last six
months.
However, in Chennai, the situation is a little different. Even though the real
estate market in the city has been slow in the last six months, compared to other
cities such as Delhi NCR, Mumbai and Bangalore, the actual transactions have
not declined. End user demand is still robust. There is practically no unsold
inventory within a radius of five to six kilometres from the city centre.
Thus, if you do not mind buying a house a little farther away from the city centre,
investing in a property today might be good for future.

6. ABOUT US
Akshaya was founded in 1995 under the stewardship of Mr. T. Chitty Babu, a leading
light of the real estate industry in India. It has grown into one of the most awarded
companies in the country acclaimed for its transparent business practices and
innovation. The journey over the last 19 years has seen the company excel in both the
home and commercial domains by building more than 150 magnificent edifices in
South India.
CONTACT US
Akshaya Services Private Limited
Capitale,
No. 22, 2nd Street, Nehru Nagar,
Adyar, Chennai - 600 020.
Tel: 044 - 2445 1818
Website: www.akshaya.com