The Important 3Ps of Real Estate in Chennai

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There is a lot that has been said and read about real estate in Chennai. The city has been considered one of the best places for commercial and residential real estate investment in the country.

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The Important 3Ps of Real Estate in Chennai

  1. 1. The Important 3Ps of Real Estate in Chennai There is a lot that has been said and read about real estate in Chennai. The city has been considered one of the best places for commercial and residential real estate investment in the country. While, there may be a number of reasons that promote Chennai real estate; every investor must meticulously consider three important Ps before arriving at purchase decision. Real estate is often an alluring market. It is important and yet has many inherent traps that can decline buying experience and enable a bad purchase. So, what are the 3Ps? 1. Place Location or place is one of the most important factors when it comes to real estate investment. Regardless of rental or purchase; location of property is of prime significance. Place does not just pertain to current yields but also in terms of obtaining higher return on investment on a future date. There are different pockets of Chennai that carry a higher price tag than many others and this is primarily the reason why location plays a huge factor when it
  2. 2. comes to property or rental gains. However, your choice of location is also dependent upon your budget and finances. 2. Price Price is sometimes the first or second important factor when it comes to make a real estate investment. Real estate in Chennai has today scaled newer heights with steep increase in price and even bigger increase in demand. Price and returns have a simple correlation. Most often than not, price put in determines the price you are likely to take home today or tomorrow. This means bigger the input gets, greater the returns are likely to be. However, your budget plays a very important role in facilitating a purchase decision. 3. Purpose Isn’t that the most obvious of factors? Some people invest in real estate because they want to buy a home to live in, some purchase for re-sale, many others for letting it on rent and few others buy them for investment purposes. The purpose of purchase also is an important determining factor in arriving at the right choice of investment. Real estate in Chennai is a large and vibrant market filled with abundant possibilities and innumerable opportunities. How it can be made of use to every investor is largely dependent upon certain factors and the 3Ps play a significant role in arriving at a purchase decision. Commercial real estate investment is not a far-fetched chapter in this regard.
  3. 3. 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

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