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Property Price Inclination in Chennai OMR

The enormous increase in construction material rates has led people to shift over their decision from self construction to ready built apartments. Similarly, the tax benefits, flexible finance schemes offered by Banks are some of the other reasons that attract people to choose ready built residential projects. As a result property rates have increased considerably since a decade.

Apart from multi-storied apartments, the popularity for luxury lifestyle has led property hunters to choose better living option. The inception of high rise luxury apartments in OMR reflects on the tremendous property development trends in Chennai. In addition to that, OMR is also preferred by property development companies in Chennai for the natural sea breeze, transportation facilities to main places, schools, shopping malls and hospitals.

Land availability, location is accessible to main places in Chennai, growing infrastructure development; increasing IT parks, etc are some of the top reasons that make OMR popular location for property hunters.

The very moment OMR location is talked about, the high rise IT parks will flash in mind. Also called as Old Mahabalipuram Road, OMR is the most haunted location for property developers in Chennai. It is because of the increasing IT parks and subsequent development features that attracts many people to settle down in OMR.

While analyzing the price for ready built apartments since a decade, the cost of apartment per square feet has rise from Rs. 1200 to Rs. 5000 and above. Luxury villas cost more than that, hence; the investors are sure to find their property value increase every year.

The land cost inclination is yet another proof that reflects on the incredible growth of property development in OMR. The cost of land per square feet has risen to Rs. 1250 and above which is found to be 5 time higher than the land cost a decade ago.

Due to the growing demand for residential projects, the competence in construction industry appears to be tough. Hence, top real estate developers in Chennai come out with attractive projects to sustain their reputation. Pacifica Companies is one of the leading real estate developers in Chennai and in India that has been proving with unique housing and township projects in several parts of India. Chennai remains one of our most preferred locations.

We offer 2/3 BHK Luxurious villas in OMR. Our projects are Happiness Towers with 2,3 and 4 bhk luxury apartments, Aurum villas is composed of luxury villas with 3, 4 and 5 bhk options. We offer complete range of amenities to provide the inhabitants with the best form of luxury living.

Pacifica Companies choose only prominent locations and our OMR projects are located within the vicinity to city limit. Buying property from our projects is sure to fetch your value in future.

This article has been written by working with Pacifica Companies. Pacifica Companies is a US based real estate company known for its world-class construction projects across US and India. Various innovative residential and commercial projects like apartments, township homes, bungalows, villas, IT parks, mixed use projects and commercial buildings complete the diverse portfolio of the builder.

 
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