Monday 2 March 2015

Purchasers and Renters choose South Chennai

Chennai is considered as a crowd puller as far as property purchasers are apprehensive. After a steady period across the country over a prolonged time, today purchasers are actively looking for the best property. As per local magazines, businessmen and small investors from across the city like Coimbatore, Tirupur, Madurai etc are eyeing on South city for its infrastructure and better living habits, given the details at review on Amarprakash builders page. Over past few years, luxury has been addressed by a mass number of people and in some supreme areas, the value of luxury house may even be rated in crores. But, today we could see that such luxury properties in the market are slowing down but the tenants searching for such properties are increasing. Much of the crowd from South Tamil Nadu such as Tirupur, Coimbatore, Maduraietc are moving towards Chennai nowadays.


Property data recommend that among top areas of Chennai for rent and sale, majority of locations falls under south city. Of the well settled people, a big portion of them stay in Kodambakkam, Chrompet, Anna Nagar, Nungambakkam and Adyar since these locations offer a premium housing unit of 2 bedrooms and 3 bedrooms, stated review on Amarprakash builders. The students studying in nearby colleges would also take up apartments in and around these places and share the rentals among themselves. Those students who don’t want to compromise on lifestyle amenities would choose flats within the premises.

A proprietor in a property service and also is a part of Chennai Real Estate Agents Association mention that, “The rental market in prime areas of the city is better when compared to that of buying the property”. Renters are ready for spending even Rs. 15, 000 for the luxury and amenities offered. In review on Amarprakash builders, it is given that the areas choosen for resident buildings are placed in a better place closer to the metro, enjoy easy and comfortable traveling experience to the work station and also reflects their ambition. Many people are seen recycling their buildings in the corner corridor of Chennai or south Tamil Nadu in order to get a costlier abode in prime areas. The list of buyers and tenants who are searching for premium area mostly fall under the category of local businessmen. Depending upon their business condition, people go either for rent or buying. T.Nagar is said as a popular commercial location in the city with huge number of shopping centers and other small textile shops. Areas like Besant Nagar, Indira Nagar, KK Nagar and Shastri Nagar have opened up for redevelopment. Re-development is required in these locations since the Tamil Nadu Housing Board had developed such places before 30 years so these areas require new ideas to get a fresh look. Small investors also started to pay attention to Northern city since through this way, they can help with lower entry price.

No comments:

Post a Comment