Living in Chennai – The Gateway of South India
Chennai, formerly known as Madras, has a very pleasant blend of modernity and tradition. The city has embraced the positive side of western influence while retaining its rich heritage and own culture. The city is the fifth most populated city in India and has welcomed widespread industrialization in IT, healthcare, automotive, technology and manufacturing. Chennai was earlier perceived as a conservative city, but now the city has all modern amenities and lifestyle choices to offer its inhabitants who call themselves Chennaites. The city has one of the best infrastructure facilities in India and this is one of the biggest attractions for all MNCs considering investing in Chennai.
Other attractions for high investment in Chennai are the availability of highly talented and hard working local population who have a very high literacy rate of over 90.18% in 2011, which is much higher than the national average. The city also has a premier educational institutes and universities such as IIT, Loyola, NIFT, Anna University, Madras University, etc. Also, there are very few cases of labour unrest reported in Chennai. The city has highly talented and skilled labour force for industries.
Why invest in a Chennai Flat
The market value of Chennai’s real-estate is increasing day by day. It is estimated that the real estate, residential market value is expected to grow 7-10% every forthcoming year. It is also important to note that there has been no major dip in property value unlike in other cities. Experts suggest that in the coming years, this trend is to continue and can be a boon to investors.
Building and project developers in Chennai are multiplying lately and all the new apartments have amenities that would tempt any buyer. With amenities like swimming pool, walking track, recreational room, play area for kids, 24×7 security, on-call services, shopping arcades inside apartment complexes, bank ATMS, social activities, common rooms, free WIFI, gas connections and more, even 2 BHK flats for sale in Chennai are in communities that are whole towns by themselves.
The property prices in Chennai are more reasonable than those of other cities. You have a lot of options among flats for sale in Chennai, catering to all kinds of budgets and tastes.
The demand is largely driven by the local market and the IT story is growing strong, making properties near IT hubs very popular real estate localities. In Chennai, apartments for sale are increasing thanks to the trend of investment by the IT crowd who have now become Chennaites.
Chennai’s real estate has been able to attract investment not only from all over the country, but from South East Asia as well.
Before you finalise on a flat in Chennai, visit RoofandFloor for finding some of the best options. Use RoofandFloor and get free assistance and a quick connect feature to search for flats for sale Chennai and more.
The current Chennai metro rail project will enhance the connectivity between most areas in the city and offer more comfort and convenience for the commuters.