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Chennai Real Estate Prices on Upscale by Entry of Prominent Real Estate Developers like Hiranandani Group Chennai, Pacifica Companies Chennai

Chennai real estate is on high now with property prices reaching the skies and offering good investment options for the property investors. Investment in Chennai real estate at this point of time would certainly be advantageous for an investor because he/she can expect assured higher returns from their investments because of elevated prices and intense demand for the Chennai properties in Indian real estate market. Today Chennai is one of the most rapidly progressing cities in India driven with IT, commercial, industrial and real estate developments. The city has got the top-class infrastructure facilities and best living conditions. It is one of the prime destinations for real estate developers to locate their real estate activities far down in South India.

Various real estate developers across the country have now established their activities in the city. It is solely because of the efforts of these real estate developers that Chennai realty has got its new fresh look with innovative advanced properties which are in best demand among Indian real estate investors. The rising demand of Chennai properties on National level has thereby enhanced the prices of properties in the city. Two years back it was truly difficult to imagine this position of real estate Chennai. In 2010 the Chennai property market was extremely sluggish with property prices extremely low nearly twice as low as they are today. There was constant falling down of prices and demand for real estate in Chennai was going down owing to factors like global inflation and increased property loan rates and interests. The inadequate supply of properties resulted in poor status of Chennai realty market at that point of time.

Later on with the entry of genuine real estate developers in Chennai like Hiranandani Group, Pacifica Companies and many more, Chennai realty got a new recognition in national real estate market. The face of Chennai real estate was eventually uplifted as innovative properties with advanced and high-end international standard specifications started getting constructed in different regions of the city. Gradually the number of properties for sale increased in Chennai thereby catching the attention of real estate investors. The high-end Chennai properties also caught the attention from the NRIs who were willing to invest in Indian properties after the liberation in FDI policies. For example Pacifica Aurum Villas project with its international standard specifications was successful in alluring the international NRI property buyers whose prime consideration was to invest in western style luxury homes in their home country. Similarly the Hiranandani Upscale Chennai OMR project developed by Hiranandani Builders is also among the top properties in the city which already has caught the attention of property buyers who have booked their property in the project before its completion. The properties in the Hiranandani Chennai projects are highly advanced and therefore are a bit costly than the rest. Hiranandani Upscale Chennai price ranges between 54.39 Lakhs to 1.63 Crores for 2 to 5 BHK apartments. Therefore one can clearly say that property prices have gone up very high in Chennai city and this is because of the entry of real estate developers who are designing international standard projects in the city to offer premium global luxuries to the modern Chennai people.
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