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Chennai, formerly known as Madras, is one of the four metropolises of India. The capital city of Tamil Nadu, Chennai is the core of all economic, political, and business activities of the state. Chennai is fast achieving repute for IT as well as industrial development. The city provides a fluid environment for investors and buyers to plunge in and explore in both residential as well as commercial sectors.
The Indian real estate is a budding sector and is a boost to the Indian economy. Chennai’s’ real estate segment is impelled by the residential and the commercial sectors. The booming IT industry plays a major role in the commercial upswing in Chennai.
Chennai real estate is a potential market. Being the fourth largest metropolitan city of India, Chennai houses regional offices of many major corporate houses. It stands amongst the trade capitals of the country.
Chennai’s property trends have witnessed gradual upturns with the establishments of a multitude of IT/I.T.E.S and BPO firms, which have generated a plethora of services, employment opportunities and growth prospects for the population. This has led to a significant rise in the real estate demand. Due to the changing lifestyles of the people as a consequence of immediate developments introduced by the growing urbanization, a considerable rise in the property graphs has been recorded. The real estate segment caters to the land requirements for a huge mass of population.
Property in Chennai and land values is relatively cheaper than the trend followed in other metropolitan cities due to the availability of larger and suitable tracts of unutilized land. Having a vast coastline, the city stands at an advantageous position as compared to the other metro cities of India. With a lucrative investment scope, advanced infrastructure, intellectual talented workforce, sound English language skills enhancing the comprehensive developing environment, Chennai is rapidly emerging as a potential destinations for investors and buyers across the world.
The city is also proceeding to becoming a prime manufacturing hub for electrical and electronic industries as well as for auto components.
Chennai offers a stupendous inflow of real estate developers and builders due to the budding commercial scenario as well as affordable cost of living.
An abode to several multinational firms, Chennai has witnessed considerable growth in the commercial segment. The booming BPO, IT and I.T.E.S industries have played a vital role in amending the real estate market of Chennai, preparing it to adhere to the needs of the upcoming business and financial market.
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Equally in step with the commercial sector, Chennai’s residential segment is also on an upswing, further accelerating real estate graphs of the city. The rising trend of luxurious complexes, flats and apartments in Chennai have poised the residential sector, catering to the growing demand for a quality lifestyle.
The progressing commercial market and increasing influx of IT experts have elevated the residential sales, compelling higher investments in the sector by competent builders and buyers.
Chennai is consistently gaining a vantage over neighbouring cities like Bangalore and Hyderabad as a result of better skilled manpower. Multinational companies exhibit a higher interest level in the city due to cheaper lodging facilities and sparse operational costs.
The retail sector has also picked up as a result of the increasing commercial and residential stakes in the real estate market. According to the President of Chennai Real Estate Agents Association, the land for setting up a shop is carefully chosen by the retailers. The vicinity of the prospective shop is thus judiciously contemplated upon.
With the growing commercial opportunities and advancements, Chennai is regarded as the commercial capital of India. The city is extensively emerging as one of the most sought after junctions by foreign buyers and investors, who thrive to make a mark in the Indian real estate.
With Chennai real estate witnessing appreciation at a fast rate, property investment in the city is worth the idea.
Kriti Seth writes on behalf of 99acres.com, which is an internet portal dedicated to meet every aspect of the consumers needs in the real estate industry. It is a forum where buyers, sellers and brokers can exchange information, quickly, effectively and inexpensively. At 99 acres, you can advertise a property, search for a property and browse through Chennai property and other Properties.
Realtors in Chennai
A rapid development has taken place in the real estate market in India since post independence. This change has given India a total new perspective. Various states like Gujarat, Chennai, and many are witnessing a major growth in the property development both in the residential as well as commercial sector. Chennai is one of the most important metro cities in India and the real estate market of Chennai is growing fast. The demand for both commercial and residential properties has shot up and renowned realtors in Chennai are making investment on large scale to bring about a complete infrastructural revolution in Chennai. Their projects are well planned and have an aesthetic look to it. Building of shopping malls, commercial spaces in Chennai, business centers and multiplexes are coming up in large numbers which are contributing to the emerging real estate market in Chennai.
The Chennai property sector has become highly organized because of the huge investment by the foreign companies setting up their operations in India. Furthermore, the government of Chennai is also very supportive to this emerging urbanization hence, Chennai realtors are leaving no stone unturned in developing in acquiring international projects. Property developers in Chennai like Pacifica have developed IT parks in Chennai with the state-of-the-art facilities and services.
Realtor companies in Chennai are developing projects which meet and match international standards. However, they keep looking for better feature which they can add to their construction. Today, the major stress is on building projects which are environmental friendly and therefore, real estate companies in Chennai are opting for green and natural ambience for their projects.
The property market in India is not only developing in Chennai but all over the country as well. More and more company both national as well as international are investing in this sector. The requirement of office spaces in Chennai and office condos in Chennai have increased. Plots are being acquired by realty firms in Chennai, which are beneficial to both investors as well as plot owners. Commercial properties in Chennai have almost come to a point where it is difficult in getting a business office space in Chennai’s prime location. But with proper help and guidance one can accquire a good office space in Chennai.
Location such as Old Mahabalipurum and Guindy in Chennai are witnessing a rapid make over in commercial sector especially by the BPO industries. So real estate developers in Chennai like Pacifica are offering the best office condos in Chennai to buyers. With a team of professionasl they are being able to guide potential investors into buying office spaces at prime location in Chennai.
Pacifica companies is a real estate property developer with the head office in Ahmedabad in India. Vast Real Estate portfolio of this Real Estate Property Development company includes Residential Property, Hotels, Office Buildings, Industrial Buildings, Condos, Retail Shopping Centers, Apartment projects, Mixed-use Developments, and Land Development Projects in US as well as in India. SEO services provided by Jigney Bhachech, CEO Opal Infotech, India.
Traditionally termed as the city of temples, Chennai is today a preferred location for real estate development due to growing commercial activities, upgraded infrastructure and sufficient availability of skilled manpower.
Easy access to other metro cities in south India and relatively low cost base makes it a desired destination for establishing small and big IT/BPO companies, resulting in greater demand for office buildings in Chennai.
Shortfall in availability of commercial office space in the Central Business District (CBD) in past few years, has registered significant real estate development in the suburban areas of Chennai.
Leading property developers like Pacifica have constructed outstanding IT parks and commercial buildings in Chennai with state-of-the-art infrastructure and latest amenities, ensuring close proximity to all basic necessities.
Ready to occupy, fully furnished office premises in Chennai are also easily available in prime locations with various facilities including high security, un-interrupted power, internet connectivity, cafeteria etc; suitable to set up an corporate office, back office or offshore office for your IT/ITES-BPO business.
Office space in Chennai can be readily obtained on outright purchase, lease or rent within the heart of the city at competitive rates. Offices are now built with special focus on maximum safety, optimum usability and environment conservation.
Builders have constructed high quality commercial property in Chennaiincorporating latest designs to take full advantage of natural resources. Salient features include using plenty of natural light to save power; heat reducing systems to ensure less air-conditioning, re-cycling water for gardening etc.
Presently, Chennai property market is experiencing tremendous growth, due to higher returns on investment, attracting both national as well as international investors to yield maximum profits from real estate projects.
Pacifica companies is a real estate property with the head office in Ahmedabad and company includes Residential Property, Hotels, Office Buildings.SEO services provided by Jigney Bhachech, CEO Opal Infotech, India.