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Chennai

Chennai is the culture capital of South India, and is counted as one of the India’s favourite real estate markets among the younger generation. The city has a rich history, and has been a major cultural, social, and trade hub since the times of the East India Company. The city, as we know it today, started to take shape in the 17th century. The city used to be a small fishing village named ‘Madraspatnam’ that’s situated along the Coromandel Coast. The foundations of the city were laid in 1644 by the East India Company after they constructed Fort St. George. Slowly, it became a major trade and administration hub after which the city started to take shape. Today, Chennai has become one of the biggest hubs in the country, culturally as well as economically and commercially.

Evolution of Chennai as a Real Estate Hub

Chennai emerged as one of the four metro cities in India after the post-independence era. In fact, in the recent years, the city has seen a spurt of real estate developments in Chennai. The rise of a variety of real estate options in the residential sector, right from affordable housing projects to luxury houses in Chennai, has been due to the city’s booming economy. Chennai is home to a number of top national as well as international companies from sectors such as IT and ITeS, automobiles, electronic hardware, banking and finance, construction, medical tourism, textiles, petrochemicals, and entertainment industry. These industries are responsible for generating thousands of jobs, directly and indirectly, leading to a rise in demand for properties in Chennai as more and more people migrate to the city in search for better career prospects.

There are several other factors as well that have contributed to the rise of real estate in Chennai, and have made it rank amongst India’s favourite real estate markets. The city is a preferred place to live for many as it has a culturally diverse and socially cosmopolitan society. There are plenty of reasons why a lot of people consider buying a property in Chennai, including the fact that it has been rated as the safest city in India by the Quality of Living Survey. BBC also called it a city worth living in the long-term. With a number of upcoming infrastructure projects in Chennai, it is a wise decision to buy a house in Chennai as property prices are only expected to rise in the near future. That would result in great returns on investments made in the city’s real estate sector.

Top Locations to Find Property for Sale in Chennai

The property value in Chennai is on a constant rise, which confirms that looking for new flats for sale in Chennai or for plot or villas, as per your requirements, will be a good decision for your investment portfolio. Whether you want to simply check out some villas or plots, or you want to check out the price of a flat in Chennai, we at My Property Boutique can be of assistance.

Following the gradual expansion of various small-scale industries and IT/ITeS hubs along with several new commercial establishments, developers are concentrating on bringing up the standards of the residential infrastructure of the city to appeal more to the present-day property buyers. To that end, one is bound to find a number of affordable residential plots in Chennai or new upcoming apartments in Chennai available at competitive prices, that too in regions that offer good connectivity to other parts of the city.

For those looking to buy property in Chennai, you get to choose from several lucrative options, including plots, apartments, and villas, among others. Some of the preferred locations according to the recent trends in property when it comes to residential property in Chennai are:

  • Tambaram – Being the gateway to South Chennai, Tambaram is a locality that offers seamless connectivity via buses. The Chennai Suburban Railway Network is also easily accessible from here.
  • Thalambur – This locality has a vast number of IT companies nearby, which make it quite popular among the professionals working in the city.
  • Perungudi – This is a thriving residential and commercial hub and is located strategically along the IT corridor of the city.
  • Perumbakkam – This is another popular locality that offers easy accessibility to the IT establishments in the city, as well as social infrastructures, including several reputed schools.
  • OMR – This is one of the most important roads in the city which connects Chennai to Mahabalipuram. The areas around this road have always been very popular among real estate investors.
  • ECR – Another important road, ECR is the state highway that connects Chennai and Cuddalore.
  • Karapakkam – This area is a part of Greater Chennai, has great infrastructure, and is home to a number of popular commercial giants.
  • Mogappair – An abundance IT offices, reputed schools, and specialized hospitals can be found in this area.
  • Anna Nagar –One of the more well-known localities in Chennai, this area has many chain stores, independent shops, and flourishing restaurants in place to serve the daily needs of the modern crowd.
  • Saidapet – This one is quite a popular neighbourhood in Chennai. The locality is well-connected by railways, buses, metros, and bridges.

Why Should You Invest in Properties In Chennai

Investing in a property that is for sale in Chennai is a wise and bankable option. There are many reasons for it, prime among which are:

Options to Suit Your Budget

In Chennai’s real estate market, you will be able to find options for all categories of properties. For those who are looking to buy property in Chennai, there is no dearth of options. One can find affordable homes and plots in Chennai as well as duplex apartments in Chennai. There are many upcoming affordable and luxury projects in Chennai as well, and a number of properties available for sale in the secondary market. This ensures that those who are looking for new upcoming apartments in Chennai along with those who are looking for the older ones can find the right real estate project to invest in. A budget of around 30 to 50 Lakh can be easily invested in one of the upcoming affordable housing projects in Chennai that offer options like 1BHK and 2BHK apartments. A higher budget, Rs. 1 crore and above, can easily get you a villa or flat at one of the upcoming luxury projects in Chennai. Whatever your real estate requirements are, you will easily be able to find the best property that fits your budget and needs.

A Safe Investment Option

An investment in the Chennai real estate market is a relatively safer option, especially when compared to other investment avenues such as mutual funds, gold, stocks, Forex, etc. Real estate is a market that does witness periods of highs and lows, but they are not as drastic as some other investment markets, and in the long term, real estate investments can be very profitable. Chennai’s real estate is also amongst the few markets that have seen good growth in the last two decades, and it is believed that the market is yet to achieve its full potential. An investment made in the affordable plots or homes in Chennai or in the new upcoming apartments in Chennai will get you good returns over the next 5-10 years.

Price Appreciation in the Real Estate Market

The city’s economy is currently witnessing a high growth phase; this gives the investor the assurance that buying property in Chennai is the right decision as prices are expected to increase in the future. The city has witnessed a lot investment from major MNCs in the IT sector as well over the past few years. The IT hub along the ECR and OMR, along with TIDEL Park and Ascendas IT Park, has been attracting FDI in thousands of crores, and more FDI is expected to make its way to the city. There are also a number of upcoming infrastructure projects in Chennai that will give further boost to the real estate market in the city. The city is also expected to get an overhaul, as it is part of the government’s smart city project. All these factors add up to an assured appreciation in property prices in Chennai in the coming future.

Rental Returns

If you are on the lookout for a safe way to invest your money and earn good returns on the same, you can buy a property in Chennai and rent it out. There has been a consistent demand for affordable rental homes in Chennai, which is largely driven by the workforce that is working in the various industrial estates, SEZs, and IT Parks spread across the city. As someone who buys a home in Chennai and rents it out, you won’t face any major problems with letting out your property, and you will mostly be dealing with educated professionals. The rental income in several areas of the city has seen a consistent upward trajectory, which makes this yet another reason to invest in Chennai’s real estate sector.

In the times to come, Chennai’s development will be both quantitative as well as qualitative. The government has announced a slew of beautification and infrastructure projects in Chennai. Some of these include the monorail project, new metro routes, renovation of lakes and water bodies, etc. Chennai, as mentioned earlier, is being developed as a smart city, which will further improve the liveability factor for the residents of the city. With all these initiatives and more, the city would surely be able to improve its ranking as a world-class city, attracting more investment from national as well as foreign companies in the future. This would only help spur the growth of real estate in Chennai.

Find Your Dream Home

The decision to buy property in Chennai is a smart one, and will definitely deliver high returns in the future. If you wish to buy property in Chennai for investment purposes, the city, being a hub for cultural and employment opportunities in South India, offers numerous chances to enhance your investment portfolio when it comes to creating a secondary income via real estate investments. The property rates in Chennai offer a wide range of options, making it easy for people with varying budgets to find the right property prices in Chennai, with a home that meets their requirements perfectly.

Finding residential properties that not only meet your needs but also your budget can be a challenging task. We at My Property Boutique work to make things simpler for every homebuyer. Through our website, we have made it possible for homebuyers and real estate companies to connect and interact through a single digital platform. Our experienced realty professionals do all the legwork for you to help you find the best property rates in Chennai for the home that is perfect for you. We can help you in numerous ways, including:

  • Saving your time and money
  • Negating the hassles involved in buying properties
  • Helping you find the right deal

At My Property Boutique, as a homebuyer, you can find new and the latest real estate properties in Chennai, which are ready to move in or you can invest in new upcoming apartments in Chennai. Plus, there are exciting deals and offers to be explored when you buy properties in Chennai with us!

Buy and Sell Property in Chennai with My Property Boutique

My Property Boutique possesses the knowledge, expertise, and industry presence of a leading real estate company, and the personalized approach of a real estate agent, with real-time localized knowledge that you need to make an informed and smart decision in this regard. With thousands of properties in Chennai available for sale, we know how confusing it may get for a buyer to be able to find and buy the right property that suits their needs and budget perfectly.

We are one of the top estate agents in Chennai, and offer an assortment of properties ranging from luxury houses and villas to affordable property in Chennai. At My Property Boutique, you can find property listings that meet all your requirements as well as your budget without any hassles.

Whether it is buying, selling, or property consultation, our expert teams of professional consultants offer the right advice and help that you require. If you are a real estate company looking to advertise your project in order to reach out to your prospective buyers, we can help you create brand value and market presence. Get in touch with us to promote your real estate properties in Chennai.

Find the Best Property for Sale in Chennai

If you’re a homebuyer, we have the right guidance at hand. We help homebuyers get closer to their dream homes by offering you access a wide range of properties for sale in Chennai to choose from. Our team of experienced professionals help you in buying the best property for sale in Chennai, India, while taking complete care of your requirements and expectations. We can help you find from the best builders in town, at the best rates available across the city.

We have created an intuitive online platform for buyers and realty developers, where we ensure complete transparency throughout the entire process, all in an effort to help you buy property in Chennai without any hassles or hidden costs.

We cover every segment in this city’s real estate, from luxury to affordable homes in Chennai, and deal in all types of real estate properties for sale in Chennai, including multi storey apartments, villas, studio apartments, builder floor apartments, residential plots, etc. at the best locations in the region. Moreover, we work to build long-term relationships with our customers, which allow us to provide personalized, clear, and appropriate advice on all aspects of the property and the buying process.

Why should you invest in

properties in Chennai

Why should you invest in
  • Being named as one of the top 12 upcoming destinations for luxury properties, the property value in Chennai has been predicted to increase with time.
  • Huge FDI investments in real estate and property in Chennai is one of the reasons for the city's increased visibility in the international community.
  • The successful launch of the Chennai Metro, upcoming infrastructure development, efficient civic bodies, etc. have contributed to the increase in liveability quotient, and consequently, the demand for Chennai properties.
  • Flat prices in Chennai are more affordable than other metros, thus driving real estate in Chennai.
  • Many developers are offering new flats for sale in Chennai to cater to the rising demand, which has resulted in a lot of options and a lot of price ranges.
  • Buy Properties in Chennai to harness a rental income. Numerous IT hubs in the city have powered the rental market. Many professionals, being unsure of their period of stay, are on the lookout for rental houses when in the city.

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