2. The prospects for real estate
development in Chennai are very positive,
in-fact the city is one of the fastest growing
real estate hubs in India. Chennai is
displaying great growth in both commercial
and residential real estate. With more and
more MNCs, Manufacturing companies
and other Industry leaders setting up
working spaces and manufacturing
facilities in and around the city, Chennai is
witnessing a steady demand for
commercial spaces.
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3. Simultaneously as more and more companies head
to Chennai, increased employment opportunities are
being created every day. As a consequence more
people are migrating to Chennai in search and new
and improved job opportunities. In addition to
expanding job opportunities, another reason to cheer
for the public is a by –and-large increase in average
income levels especially for people working at higher
levels in the industry. Almost all industries are now
providing bigger pay packages, resulting in improved
quality of life of their workers and staff.
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4. Consequently families and people in general
are now willing to spend more and have
greater ambitions to realize fulfillment of their
living standards. With higher income in-flow
families are now opting to procure residential
properties at an earlier age then their previous
generation. The average age of a Home
Owner has now come down to 35 – 45 years.
Families are beginning to realize the
importance of having their own dwelling,
especially because of escalating rental prices.
The general feeling now is that it is better to
pay your own home EMI than pay rent.
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5. Real estate developers all over the city
now have reason to cheer as; people
are become more open to procuring
home property. With home builders
collaborating with Home loan lending
institutions, it has now become easier to
buy a property today than what it was 15
years ago.
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6. Though Chennai city as a whole is
witnessing development, there are some areas
in the city outskirts that are expanding and
developing at a far greater pace. Areas such
as Pallikaranai, Madipakkam, Medavakkam,
Velachery and the OMR stretch are witnessing
an influx of Companies who are setting up
their service delivery centers, offices and
manufacturing units in the near vicinity of
these areas. With people being employed
here, the requirement for residential real
estate in close proximity to these areas is also
now in great demand.
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7. The availability of quality education, healthcare, ample
transport facilities and infrastructure development
has further spurred the development of these real
estate hubs. Among the reputed builders offering
quality homes in these locations is Palace Homes an
IIM Alumni venture. Palace Homes is a well
recognized home builder and flat promoter in
Pallikaranai, Madipakkam, Medavakkam and
Velachery areas. If you are looking to buy flats in
Pallikaranai, apartments in Madipakkam or are
looking for residential builders in Velachery Palace
Homes will provide you with your dream home within
your expected budget.
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8. Palace Homes is one of the reputed
Chennai builders, and their motto is to build
and develop “Premium Flats at Non-
Premium Prices”. Affordable luxury is what
they are about, and each project that they
have successfully handed over is a building
masterpiece; where quality, strength,
craftsmanship, design, functionality,
location and amenities come together to
create the perfect living ambience for your
family.
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9. PALACE HOMES®
A-2, Ruby Palace,
5034, V Main Road,
Ram Nagar North, Madipakkam,
Chennai.600 091, Tamil Nadu, INDIA.
Phone : (044) - 22581082
Mobile : (+91) - 9841153962
Email : customercare@palacehomes.in
www.palacehomes.in