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Chennai Real Estate - Hot Spot for Real Estate Investment in India

There is no doubt in the fact that real estate in India has come a long way in the recent years. Several world-class constructions in both residential as well as commercial sectors have come up in the recent times and caught the attention of several property buyers across the world. India is one of the fastest growing economies in the world today which offers wide scope of development and opportunities in almost every field and sector. Economical position of the nation is strengthening and so is the population multiplying thereby creating a good demand for its properties in international market. Most of the property buyers today are taking advantage of the increasing trend of renting properties in India. The rental properties especially in metropolitan cities of India like Chennai which offer great business and job opportunities are in good demand.

Chennai is one of the fastest developing cities of India. It is an IT hub and also the home of several renowned automobile companies in the country. There are world-class education, medical, transport and residential facilities and also a great infrastructure which has attracted several renowned property investors to the city in the recent times. Those who are looking to make an investment in India investing in Chennai’s residential sector would be a great option. The land prices are constantly rising here and so are the property rates. Trend of renting properties is on high in the city with rising proportion of migrants flocking to the city in search of jobs and business opportunities. One can buy property in Chennai like flat in apartment in happening area and give it for rent. Property rates in Chennai are very much higher as compared to other metropolitan cities of the country and therefore can offer high and long term returns to the investor. The residential properties especially those in the happening areas of the city like OMR, Adyar, Velachery and surrounding areas etc are in top of the demand among the property buyers be it localites or the NRIs. These are happening commercial areas of the city and therefore the homes and residential properties are offered here for higher rents as compared to other parts of the city. Therefore those are willing to make an investment in Chennai real estate cashing into the properties of these areas would be an ideal option for a high ROI investment.

The scope of real estate development in the city has attracted several renowned property developers from across the nation and world to establish their activities in the city. Therefore plenty of options are available to the investors for property investment in Chennai today. All kinds of properties in both budget and luxurious formats are available in the city for sale. 
With lot of new projects under construction by renowned property builders like Pacifica Companies, Raheja, Hiranandani Builders etc. the city offers good chances for a property investor to get quality properties at competitive pricing in the city. For those looking for property investment in the city, Aurum Villas township project by Pacifica, Hiranandani Upscale apartment project by Hirananadani Group, Raheja’s residential projects in the city are no doubt great options, but if your choice is to buy a commercial property like IT office space in the city, Pacifica’s IT park project located at Old Mahabalipuram Road would be an ideal option for investment because OMR is the IT corridor of Chennai and this Pacifica’s project has got all the international standard facilities and amenities to support the IT and BPO segments. One can good IT work space at competitive pricing by investing Chennai IT park of Pacifica. For further details please visit http://www.pacificacompanies.co.in/chennai_it_park_projects.html.

 
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