Promising Rise in Chennai Real Estate
Real estate in Chennai has undergone a shift in real estate trends recently. While, the commercial properties of Chennai have reached a greater point where it is very difficult to purchase a property in prominent locations such as Delhi, Mumbai, Chennai, etc. The residential property preferences are also changing day by day. When asked about the Chennai real estate agent there said that Chennai Real Estate Property Prices have been on rise since protracted, especially the commercial property rates have crossed the limits. The prices of commercial properties are very high in areas like T.Nagar, Anna Nagar, Adyar. The value ranges from Rs 50 lakh to Rs 2 crores depending upon the unit area and the property value of the city. As these localities have reached saturation new industries and software companies are coming up at NH4, GST Road, and OMR. Particularly, the new developments are coming in affordable limits and larger areas across the Indian Real Estate. Further, the growing commercial sector and growing entry of IT professionals have pushed the residential prices to a new height in Chennai over the last few decades. Now, with increase in property tax by the state government the residential rental values have increased manifolds. Moreover, with more exposure to other developed countries the salaries going up, people all over the country want a luxury life style and trend. This trend has also caught up with Chennai properties as well, where as people are now more into 3 bedroom lifestyle. Also apartments in Chennai are increasing the popularity day by day due to the increase in population and lack of space. The Prominent builders in Chennai are constructing projects comprising of luxurious apartments, providing ultra modern facilities. With young professionals going in more for rented units the lifestyle apartments are attracting huge investments from NRIs. Since, popularly growing industries and infrastructure development has jumped to give 100 per cent profit in the future the investment in the Indian Real estate property is considered a wise decision by industry experts. See More: http://home-for-rent-in-chennai.blogspot.in/2013/10/promising-rise-in-chennai-realestate.html