Q: With the expectation of a stable government at the Centre and the industry betting big on growth in jobs and, thus, increased investments, the realty sector in Chennai is set for growth. KIndly discuss on this news.
Guys Chennai is being known for quality healthcare services, schools and colleges continues to be the most preferred city in South India for attracting investments.
The main reason for this growth is that the other basic infrastructure in the far-flung suburbs and with the availability of good healthcare facilities and schools there, the double-income families are willing to move out of Chennai.
Also Chennai Metro Rail, is expected to be commissioned in a year’s time. With that happening the demand for houses, ranging from single-bedroom flats to high-end dwelling units and will continue to rise especially in the suburbs and along the course of the Metro’s track.
Hey Pavan, heard that the market changes in Chennai, a hopeful lot of people from the industry were optimistic about the realty situation in Chennai and said that in 2014, they hope the real estate sector to grow in a similar manner as it was on the peak growth period a few years ago.