Chennai is a culturally diverse cosmopolitan that is both traditional and modern in equal measure. It is one of the most preferred locations for residence with people, and for a variety of reasons. Good prospects for education and employment are among the prime reasons that draw people from far and wide to Chennai.
Recognized as the “Gateway to South India”, Chennai has one of the most lively and rapidly growing real estate markets in the country. In many ways, Real estate in Chennai can be explained as an end-user driven market. And with constant growth in the city’s infrastructure, Chennai’s appeal as a destination for real estate investments has grown too.
The advantages that the city offers to those planning for buying properties in Chennai are –
1. First-Rate Infrastructure
2. Seamless Connectivity
3. Excellent Medical Facilities
4. Good Prospects for Education
5. Ample Opportunities for Job
6. Amazing Weekend Getaways
Over the years, Chennai has witnessed significant development in terms of infrastructure, which in turn has had a positive influence on its real estate market. Where the hugely popular Chennai Metro service has helped improve accessibility within the city and its suburbs, the upcoming Chennai-Bangalore Industrial Corridor (CBIC) is expected to enhance commerce between Southern India and East Asia.
Being created along Chennai, Ponnapanthangal, Sriperumbudur, Chittoor, Ranipet, Palamaner, Bangarupalem, Hoskote, Bangarpet and Bangalore, CBIC shall boost quicker movement of goods from these areas to the ports at Ennore and Chennai.
When living in Chennai, connectivity is not something that you will need to worry about. Be it getting onto the national highway, booking the last bus or catching a train or flight, travel from Chennai is both easy and feasible. The public transport facilities in Chennai are recognized for their efficiency and timeliness. Private autos in Chennai charge rates that are strictly metered. The initiation of metro services in the city has also helped get traffic off the roads to some extent.
Excellent Medical Facilities
Chennai boasts of possessing one of the best medical infrastructures in the nation, and has often been referred to as the healthcare capital. From an abundance of medical institutes to some of the topmost superspecialty hospitals in the country, Chennai offers excellent prospects for healthcare. In fact, Chennai has a roaring medical tourism industry with people from foreign countries visiting the city for seeking treatment.
Good Prospects for Education
Chennai is also one of the important educational hubs in the nation. Many of the well-recognized institutes for higher education are located here. IIT Madras, Loyola College, Madras Institute of Technology, Madras Medical College and Stella Maris College are some of the most preferred centres of education, to name a few.
Other than that, Chennai is also home to some of the well-recognized schools for primary and secondary education.
Ample Opportunities for Job
Chennai is a city whose economy is primarily driven by financial service, automobile, healthcare, software services as well as hardware manufacturing sectors. The city alone contributes to about 14% of India’s IT services, thus placing the country second among IT and BPO exporters in the world.
The abundance of companies in automobile industry (tyre, automotive and component manufacturers) has further earned Chennai the moniker of “Detroit of India”.
Amazing Weekend Getaways
Another great factor that people buying properties in Chennai get to benefit from is the city’s proximity to exciting weekend destinations. From well-known locations such as Pondicherry, Mahabalipuram or Kodaikanal to less-known but equally charming spots like Tranquebar, you can find it all.
In addition to the above, Chennai also has several beaches that have a charm of their own. From taking long walks along the 13km-long Marina beach to surfing at Covelong point or relishing seafood ecstasies at Besant Nagar beach, there is a lot for people to engage in here.
Ranked as the 23rd most visited city in the world in 2017, Chennai houses various tourist attractions ranging from historical monuments, amusement parks to museums and beaches. Various festivals relating to art, dance, drama and music are also held throughout the year in Chennai, offering the city’s folks ample options for entertainment.