Chennai is world’s top 12 realty markets

Q: Hey heard that Chennaiwould be good for investing here. Kindly discuss and let me know the details ?

Srinivas , Chennai

4th June 2014

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Replies (4)

I think the best time for Chennai office space market has come. A lot of companies are investing here as the services are good, there is better connectivity and infrastructure is developing. These factors are attractive enough to pull some of the top companies to invest here.

Kunal,

5th June 2014

Comment

Hey guys water and drainage connections are also expected along road in the next couple of years and this will give a further boost to the real estate growth on the OMR stretch.

Gurmeet,

4th June 2014

Comment

How is the social infrastructure here ?

Himani,

4th June 2014

Comment

@Himani: Infrastructural developments, both physical and social, are quickly catching pace. The second phase of the Outer Ring Road and the Chennai Metro and the Monorail project are indications of how the region as a whole promises about a good time for real estate.

Pranab Malakar,

4th June 2014

How is the locality for investment purpose ?

Balwinder Singh,

4th June 2014

@Balwinder: Hey as far as I know Chennai offers a good yielding potential. Areas like Anna Nagar. Capital values that stood at Rs 6175 per sq ft in 2013 reached Rs 10,400 per sq ft in 2014. I think it is really good place for investment purpose.

Pranab Malakar,

4th June 2014

Hello Srinivas, Prices in these rising cities are generally much lower than in the world cities and which make them more accessible and attractive to yield-seeking real estate investors. :)

Pranab Malakar,

4th June 2014

Comment

What makes Chennai a cultural hub ??

Himani,

4th June 2014

@Himani: If an area metamorphoses into a community hotpot, it means there is a scope of further job creation. The IT/ ITes has been an encompassing industry. And more companies like Bosch and Siemens, Yamaha, automotive related industry proposed in the Japanese Industrial Township, all of these are examples of how Chennai is becoming an investment hotspot for business worth crores.

Pranab Malakar,

4th June 2014