The reality market of chennai is moving like chennai express

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From the last couple of years the real estate market of Chennai has witnessed a steady growth both in residential as well as commercial segment and now it’s ready to deliver the rising expectation of real estate industry.
Chennai is also known as ”The gateway to south India” which is located on the south Eastern coast of India in North Eastern part of Tamil Nadu . Chennai is blessed with rich natural and cultural heritage and one of four metro cities in India, like Mumbai Delhi, Kolkata and the 10th fastest growing cities in the world according to Forbes.

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The reality market of chennai is moving like chennai express

  1. 1. www.checkfloor.com Search your Dream Space For More Details Contact us : www.checkfloor.com The Reality Market of Chennai is Moving like Chennai Express From the last couple of years the real estate market of Chennai has witnessed a steady growth both in residential as well as commercial segment and now it’s ready to deliver the rising expectation of real estate industry. Chennai is also known as ”The gateway to south India” which is located on the south Eastern coast of India in North Eastern part of Tamil Nadu . Chennai is blessed with rich natural and cultural heritage and one of four metro cities in India, like Mumbai Delhi, Kolkata and the 10th fastest growing cities in the world according to Forbes. Chennai Central Station Chennai Central Station Chennai is not only famous for its exotic sandy beaches ,parks and historic buildings and monuments like Marina Beach, Elliot’s Beach in Besant Nagar , Guindy National Park , Arignar Anna Zoological Park, Madras Crocodile Bank Trust, Vadapalani Murugan Temple , The Anna Centenary Library, Escape Cinemas . The real estate market of Chennai is showing tremendous growth from past three to four years in both residential as well as commercial segment by 150 percent appreciation in property values, and provides wide range property option to the buyers, investors, NRI who are investing in these projects with an objective of maximum appreciation.
  2. 2. www.checkfloor.com Search your Dream Space For More Details Contact us : www.checkfloor.com Reason behind the Growth of Chennai Real Estate Market There are many factors which contribute in development cycle of real estate market of Chennai and give opportunity to local and national developer to build projects by identifying present and future demand. The small and large scale industry whether it is Automobile to IT/ITES or textile industry. Chennai has nearly base of 30% of India’s automobile industry and automobile component industry, some companies like Hyundai, Renault, Nissan Motors, Ashok Leyland, Ford, BMW and Mitsubishi. IT/ITES sector is one of major contributor in the real estate growth of Chennai and increase the demand and capital values of property, Major IT and service sector companies and many national and private commercial bank are open there offices in different parts of Chennai, which creates job opportunities for many professional, As result it lead to increase the demand of housing, For examples Development of Tidal IT park in Chennai and many company such as Dell, Wipro, Nokia, Siemens. It has the largest electronic hardware exporter in India, and many more development and investment from government and private sector brings Chennai’s real estate market on the fast track. Infrastructure Chennai had strong backup to fulfill the infrastructure and trained manpower need of many company’s whether it is Automobile, IT/ITES, Textile, chemical, Electronic industry. It had strong communication network such as undersea fiber-optic cables, which connected the city with the rest of world, and ample amount of power supply to industries; to fulfill the human resource gap Chennai had world Class University and institutes such as IIT Madras and Anna University. Chennai had strong connectivity whether it is by bus, rail road and air. The Golden Quadrilateral which is connected to other Indian cities by four major National Highways (NH) that originates in the city. Hot Property Location in Chennai OMR : Old Mahabalipuram Road(OMR) is one of the hot property destination is a major road in suburban Chennai, India, beginning at the Madhya Kailash temple in Adyar in South Chennai and continuing south till Mahabalipuram in Kanchipuram , ultimately merging with the East Coast Road . OMR is growing to become the large IT/ITES hub and lots of investment is going there, connectivity with road, availability of all amenities, shopping
  3. 3. www.checkfloor.com Search your Dream Space For More Details Contact us : www.checkfloor.com malls, and availability of luxury and affordable real estate projects from famous developer, providing best opportunity to invest and get value for money. Sriperumbadur : Sriperumbadur is located 40 km west south-west of the city of Chennai. Sriperumbudur has seen rapid industrialization, attracting huge investments due to its proximity to Chennai port, Sriperumpudur is known for Special Economic Zone and manufacturing goods such as wireless handset, automobile, computer parts. The real estate market of Sriperumbudur is growing with rapid pace and buying property is smart move which give return in long term. ECR: ECR is also growing to fame in real estate market of Chennai which is State Highway 49, also known as East Coast Road (ECR) is a two lane highway in Tamil Nadu, built along the coast of the Bay of Bengal connecting Chennai with Cuddalore via Pondicherry. Many small and large projects are going in ECR and give maximum option starting from low end to high end luxury projects .It is center of luxury villas, penthouse entertainment center and beach which give the 100 percent satisfaction to the property buyer. GST: Grand Southern Trunk Road (GST Road) or National Highway 45 is one of the busiest National Highways in Southern India. The highway exactly starts from Kathipara junction in Guindy. The two important Cities connected by this highway are Chennai and Trichy and the two important towns connected by this highway are Dindigul and Theni in Tamil Nadu.GST is highly developed location in Chennai ,and with proximity to road ,airport,station and epicenter of various large industrial investment such as SEZ Corridor is an emerging corridor along an important arterial road called Grand Southern Trunk Road , Mahindra World City, New Chennai, Shriram’s Gateway SEZ, Estancia SEZ, ETL Infrastructure and India Land SEZ. Infosys, Accenture, Mahindra Satyam and EISL is an IT/ITES SEZ by ETL Infrastructure at Chingleput Adyar: Adyar is a developing area of Chennai surrounded by famous localities like Thiruvanmiyur, Besant Nagar, Guindy, Taramani and Kotturpuram adyaris also considered one of posh localities in Chennai. Due to nearness to the IT Park, road connectivity availability of malls it property prices are soar up and housing demand are raised. Source: http://www.checkfloor.com/ http://blog.checkfloor.com/2013/08/the-reality-market-of-chennai-is-moving-like-chennai- express/ http://www.checkfloor.com/supp/buy/index.php?keybuy=&typbuy=&citbuy=Chennai

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