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Real Estate Forum on Property Buying In Chennai

Real Estate Property Discussion Forum and Guide to Real Estate Queries

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Q: Which will be the best zone to buy a property in Chennai North or South or West ?
Latest Answer: In Chennai, if you are looking to buy a flat, in my opinion, west is a friendly area to live in. Even for investment purposes, there are many under construction projects in west. Avadi is a great location especially since Mahindra Lifespaces have started their project under the name of Happinest Avadi. Focused on providing cost effective houses. Not only that, it is conveniently located off Poonamalle Avadi High Road, which is a fast developing area with easy accessibility.
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Q: Now a days builders are more prominent towards real estate market due to current rate cut.
Latest Answer: I would suggest you should see the graph which shows the growth of property prices over a period of time, House of hiranandani has build flats from 30L to 1.5 cr so its a varied market. So of builders like Hira are having a development plan in these locations, that shows the realty sector is going to boom. Also see that the new government will also have a positive impact on reality sector.
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Q: What are the reasons behind the hike in luxury project buyers in Chennai? Why now?
Latest Answer: Hi Priya, The three key growth drivers of IT / ITes, automobile manufacturing and education sector are instrumental in driving job creation in Chennai. These are the major reasons behind growing cosmopolitan culture in Chennai. With this the premium luxury segment has kicked off and Chennai has overcome the traditional tag.
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