What are the main market segments? What kind of market do we find in Chennai? Why are the Real Estate property prices going up in Chennai as opposed to other cities? Is this a good time to invest on Real Estate in Chennai?
Frequently Asked Questions on Real Estate in Chennai
What are the Main Market segments
of Real Estate in Chennai?
Since, the middle class segment is vast in the Chennai city, the mid-market
segment has been a popular sector of Real Estate business and the builders in
Chennai. The mid-market segment apartments for sale in Chennai are priced in
the range between Rs. 40 to 80 lacs. The high-end segment also has takers and
is priced over Rs. 2 Crores. Grand luxury projects are proposed in upscale areas
like Nungambakkam and Guindy with massive number of apartment units at
elite prices. These kind of luxury apartments for sale in Chennai have world
class facilities like business lounge, swimming pool, cafeteria, automatic car park
The Real Estate market in Chennai is very robust. There has never been a crash
in the past three decades in the Real Estate market. Therefore the Chennai
market provides safe investment atmosphere with respect to Real Estate. The
upscale segment is booming with proposed luxurious residential structures in
the Central Business Districts like Nungambakkam, Poes Garden, Alwarpet...etc.
Why are the Real Estate property prices going
up in Chennai as opposed to other cities?
The stability of the Real estate market in Chennai has been well maintained over
years. An erratic pricing scheme would only result in insecure builders in
Chennai and also consumers. Early bid offers are offered with a percentage of
deduction in the overall price. Apart from that all apartments for sale in Chennai
are sold at a standard market price.
Is this a good time
to invest on Real Estate in Chennai?
This is certainly a great time to invest in the housing segment. With the global
market recovering from recession, there are many projects in construction at
popular localities. Prices have stagnated for a while, so it is a good time to take
advantage of this factor before liquidity.