Chennai is city capital of tamilnadu and the fourth largest metropolitan city of India. Time by time the demand of the real estate properties in Chennai is getting more demandable along with the residential properties, commercial properties, business parks, IT parks and also the newly built up of locality and the fine infrastructures. The real estate market of Chennai is recently has seen he unprecedented growth. The growths of the IT companies are developing in the industrial field of IT parks in many specified located area like OMR. Due to the major growth of the IT field and other commercial development the demand of residential properties are getting effects and this make the investor to get the huge profit by investing on the real estate properties. The reason why Chennai is attracting all the attention of the domestic and international investors is lower operational cost, availability of land, skilled manpower and low cost of accommodation.
The real estate properties in Chennai can get in the lowest price, any one can invest and get the profit much more then on what they have invested. The hottest residential property areas in Chennai are: Raja Annamalaipuram, Mylapore, Egmore, Adyar and Besant Nagar, Velachery and Tiruvanmiyur. The farmhouses, estates, villas and bungalows are located at the prime locations of the city, such as Anna Nagar, Chromepet, Egmore, Mylapore, Nanganallur and others. Chennai Villas are appreciated due to the rising cost of residential properties in Chennai.
The escalating demand of Chennai residential properties has heightened the residential property prices majorly at locales like Poes Garden, McNicolls Road Kilpauk, Nungambakkam, Harrington Road, Besant Nagar, and Ashok Nagar. Besides this it also has developed the market for the commercial and the industrial real estate sector. For commercial, the areas that most in demand are Radhakrishnan Salai, Nungambakkam, Alwarpet, Guindy, Sardar Patel Road, some parts of Anna Salai (Mount Road).
The Industry experts believe that a Chennai real estate property has massive demand impending in almost every sector on residential, retails, and commercial. By investing on the real estate properties with a boom of a new height of money making. Leading Housing Companies are coming up with innovative buildings, villas, duplexes in Chennai thus augmenting the housing opportunities in Chennai and adjoining areas of Velacherry, Valasaravkkam, and K. K Nagar etc. Along with the growing demand of Chennai Properties, there has been a surge in the sale of ready constructed houses and affordable flats.