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Frequently Asked Questions on Real Estate in Chennai

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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?

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Frequently Asked Questions on Real Estate in Chennai

  1. 1. What are the Main Market segments of Real Estate in Chennai?
  2. 2. 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 etc.
  3. 3. What kind of Market do we find in Chennai?
  4. 4. 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.
  5. 5. Why are the Real Estate property prices going up in Chennai as opposed to other cities?
  6. 6. 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.
  7. 7. Is this a good time to invest on Real Estate in Chennai?
  8. 8. 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.

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