Today, Chennai real estate has grown to such proportions that regardless of economic conditions; the impact on the industry here has only been minimal.

1. How Chennai Real Estate withstands Economic slowdown?
The real estate sector in Chennai has observed mammoth changes in the last
two decades. The very conservative city has undergone tremendous
changes and residential projects and plots in Chennai are witnessing
radical transformation in terms of architecture, size, location, style, options
and prices. Any city’s real estate sector is hugely dependent upon its
economy. Similarly, if Chennai’s real estate scenario is seeing such
large scale development; the city’s flourishing economy is cited as one of
the most important reasons. Today, Chennai real estate has grown to such
proportions that regardless of economic conditions; the impact on the
industry here has only been minimal.
Economic slowdown and Chennai Real Estate
Residential projects and plots in Chennai continue to be in demand
even when other metropolitan cities
like Mumbai and Delhi faced
major setback especially during
2011 and 2012. Those were the
years when many industries faced
the brunt of recession but investors
continued to invest in Chennai
real estate. Negative impact of real estate in Chennai was negligible and
the industry bounced back to its glory quickly. Opening up the city to new
commercial players and multinational companies enabled the development

2. of new industries that are doing extremely well. 2 and 3BHK apartments
receive great demand in Chennai that is home to a large percentage of
newcomers.
Inflow of Investors
Today, Chennai residents are not the only ones that have originated from
the city. Chennai has a healthy balance of people from other parts of India
and many other countries even. Housing hence is a major need. There
even has been a time when housing demand was not adequately met by
supply of housing units. Premium developers were quick to realize the
potential the city had to offer. They stepped in at the right time to make
quality, premium, luxury and affordable housing available for all kinds of real
estate buyers.
Residential projects and plots in Chennai
quickly grew to large proportions.
So, regardless of the economic
conditions; people of Chennai
needed housing options when they
arrived in the city for lucrative career
opportunities. Demand accelerated
pricing. Also, real estate investment
is identified as one of the best kinds especially when the economy faces

3. turbulent times.
Short term and highly volatile investment options plummet during these
stages. But real estate stands steady and offers high ROI in the long
run unlike options like mutual funds or securities. And if it is real estate;
then where can you find a more delightful deal than in Chennai?