Faces of Real Estate market in Chennai

Faces of Real Estate market in Chennai

Chennai is an important India metro city and it is a major trade centre. It is also the capital of Tamil Nadu and was formally known as Madras. Chennai is rich in India culture and it is touted as a major centre for arts, music and culture. Chennai presents the fusion of a traditional Tamil Hindu culture and western influence. The city is well connected by road, rail and air transport and can be seen as the least congested and polluted metros of India.

The growing popularity of the city has succeeded in opening a large number of job opportunities and many job seekers had seen it as a career destination. The butiklokale til leje situation in Chennai has been on the improving sides over the years and it attributed to the saturation of real estate business in Delhi and Mumbai coupled with a resulting increase in Info tech industries and residential erhvervsmægler of the city. Chennai being the port city attracts various leading manufacturing companies and butiklokale til leje developers. The presence of the port extends an exceptional advantage to the city while bolstering some of the important ejendom udlejes s taking place. The simultaneous residential and commercial developments in the city have resulted in wholesome growth of the city.

Many butik til leje agents are trooping to Chennai so that they too can have a feel of its increasing popularity. For example Emaar MGF has recently launched 'The Avenues' of Esplanade, one of the largest residential projects in North Chennai. Esplanade is nearing completion with 14 acres of land housing more than 500 ultra modern 2-3 bedroom apartments in 22 towers. The Avenues is set to be completed by next year. Another city based builder, Vijay Shanthi Builders is coming up with Chennai's costliest apartment project, 'The Art' where each apartment would cost at least Rs. 8 crores. It is meant to be a limited edition super luxury residential complex that will be studded with diamonds and precious tones and pearls. This project aims at providing unique, stylish and luxurious housing while delivering value for money. On the other hand, the easy availability of good talent from both within and outside the city encourages IT leaders to establish operations in Chennai.