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Real Estate Forum on Real estate News in Chennai

Real Estate Property Discussion Forum and Guide to Real Estate Queries in Chennai

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Q: All developers doing big projects in the suburbs are stuck because of poor sales and they are looking at alternatives to sustain the business.

Latest Answer: Hi Javed, As apartments sales in the middle and high income segments are showing no signs of improvement, many builders are seriously stopping big project & looking for plots to start budget homes. Budget homes is something which will be suitable for lower income & middle income group people.

Latest Answer: Hi Javed, As per my knowledge, Nanganallur is the well known place of Chennai. It is an excellent place with all the basic facilities like schools, colleges, hospitals are nearby. Vegetable markets, shops, hotel, hospitals, banks, super markets are available in this locality. Nanganallur is one of the most promising location of Tamil Nadu and newly constructed road and all basic amenities within reach.

Latest Answer: Hi Venu, As per my knowledge, Everyday people staying in Chennai are witnessing huge traffic in morning & evening. So Chennai Corporation has taken this initiatives to reduce the traffic flow in Chennai. Land acquired for Chennai Metro will be used for widening roads near the sites earmarked for Metro stations on the elevated line.

Latest Answer: Hi Mr Venu, As per my knowledge, Adyar is one of the posh locality in Chennai , which has all daily basic amenities like school, college, hospital & banks nearby. For investors & end users this place is a gold mine . Situated in a prime location it always attracts IT people ( for rent) , home buyers & investors. From connectivity point of view, this place is easily accessible by city transport & train.

Q: How is Chennai real estate behaving now a days?
Latest Answer: Hi Pavan, Chennai real estate, one of the steadiest in India and has proved its flexibility just after the global economic downturn that was one of the toughest time period in real estate. The new infrastructural developments such as Outer Ring Road (ORR) and Chennai Metro Rail project that were started during 2014 has led to the emergence of new residential avenues such as Chembarambakkam, Kuthambakkam and Poonamallee along ORR for property investment.

Q: Suppose I am an investor & I want to invest to earn good returns, then is it a good idea to invest in Padur?
Latest Answer: Hi Mr Gopal, As per my knowledge, If you want to earn good returns by investment ,then Padur is a very good location. Best deal for investors. Padurs popularity is due to its proximity to the Old Mahabalipuram Road (OMR) and easy access from Sholinganallur, Siruseri IT Park and Kelambakkam via the OMR.

Q: I am planning to invest on Chennai. I heard Chennai is classified under Moderate Damage Risk Zone. So is it a good idea to invest on high rise apartments in Chennai.
Latest Answer: Hi Mr venu, As per my knowledge, any location you choose as a perfect location , that must have some key factors to verify. That may be any kind of civic issues or area under the radar of Earthquake zone. Many aspects ,point are there to check, verify before buying any kind of residential or even commercial projects.

Q: Government has unable keep promises. Is it affecting Sriperumbudur real estate ?
Latest Answer: Hi Mr venu, As per my knowledge, Sriperumbudur is one of the posh localities in Chennai. This place is known as manufacturing hub over last seven years. But now a days real estate appreciation in this region is very much low as compare to Chennais outlying areas. Developers who have promoted residential projects there are not enthused about launching new ones.

Q: What should a first time investors keep in mind before investing in residential project in Chennai.
Latest Answer: Hi Venu, As per my knowledge, currently Chennai Real estate market is showing steady growth. So many home buyers & first time investors are interested to buy or invest in Chennai. But there are many factors one should keep in mind before investing in Chennai as a first time investor to grow your net worth.

Q: If every problem have solution ,then is there any solution for Chennai major civic issue like Water & Sewage(drainage).
Latest Answer: Hi Venu, The flat terrain of Chennai City needs effective Storm Water Drainage System to prevent water stagnation in roads. The terrain of Chennai city is flat and average level of the land in the city is only 2.5m above the Mean Sea Level (MSL). Because of this flat terrain and partial coverage of roads with storm water drains, flooding and water stagnation happens in the city during the monsoons.

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