Chennai Property -Sow Now, Reap Gold Later

Chennai is regarded as both commercial and cultural capital of South India. The city is fast transforming into one of the most sought after destinations by foreign investors looking to make substantial presence in Indian real estate.Gone are the days when Stock markets was the only option considered for high returns. If one does his home work fine and buys a right property then it can generate immense wealth.

Chennai real estate is no exception to this belief. The city famous for its vast coastline stands at advantage from different aspects. When comparing its cost of living with its metro counterparts, Chennai still offers the lowest.With favorable political climatic and investment friendly policies chennai has silently attracted a lot of MNC’s who have made chennai their home. A booming economy and multi fold increase in IT, BPO companies have aided the city’s growth.

Sample this, Latest property rates in chennai,

  • Adyar 4500 – 8000
  • Besant Road 6500 – 9500
  • K. K Nagar 4500 – 5500
  • Tiruvanmiyur 4000 – 6000
  • Velachery 5000 – 6000
  • Shastrinagar 4500 – 5000
  • Ashok Nagar 3000 – 4500
  • Poes Garden – 14500
  • Well you can see from the small list above that becoming a neighbor to Rajini would cost you anywhere between 2-3 crores :). Also with acute shortage of space, rental rates have doubled.

    With Chennai real estate witnessing appreciation at a fast rate, property investment in the city is worth the idea. But investing blindly in a flat at one of the posh area will not help in terms of capital appreciation. But it may fetch decent rental income. A good idea is to analyze upcoming residential areas and buy a flat there. One good place i know at least is PORUR. A good apartment in porur is worth a investment now. I will come up with a good article on PORUR shortly.

     
     

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