With time and lifestyle change, requirements and preferences are also changing. These changes reflect on Real Estate properties as well. Real Estate builders, international and domestic are propelled to cater to the dynamic requirements of property buyers and investors today.
2. Flats and Plots have always been hot Real Estate properties in Chennai that
promise assured big returns. Chennai represents a very robust Real Estate
market. Gone are the days when properties were bought for the sake of
investment. Today, a home is more than just a piece of investment. It is a
place that is synonymous with your lifestyle standards. It is a place you want
to come back to or invite friends and family over. It is a self-sufficient hub that
allows the buyer or occupant enjoy all amenities without the need to step out
of the compound.
From Apartments to Townships
With time and lifestyle change, requirements and preferences of Real Estate
investors are also changing. These changes reflect on Real Estate properties
as well. Real Estate builders, international and domestic are propelled to cater
3. to the dynamic requirements of investors today. A few years ago, buyers
wanted swimming pool and children’s play area in their apartment space.
There was a flurry of apartments in Chennai that were constructed catering to
this need. A few years later, people’s interests moved from them to luxurious
projects and hence a number of villas and farmhouses lined the suburban
regions of Chennai. Today, the demand is for a self-reliant and well equipped
township that symbolizes community living of the west.
Why Townships?
4. Townships have emerged as a popular style of living today in Chennai.
However, land availability for such big projects can be seen only in the
suburban regions like OMR, Sriperumbudur, ECR, GST Road and the likes.
Premium Real Estate builders have commenced construction projects in
these regions and the upcoming or recently completed township projects are
green buildings that comprise state-of-the-art hospitals, good international
schools, modern restaurants, sophisticated business hotels, well equipped
retail centers, recreation complexes, private helipads, fitness centers and
pharmacies to make them a mini city in all respects.
Also, the shift in preference from plots and flats in Chennai to townships also
stems from the fact that townships in the city are located in close proximity to
the workplaces thus putting an end to the issue of traffic and commute that is
so symbolic of every metropolitan city in India. Further infrastructural progress
in these suburban localities enhances their appeal and potential triggering a
larger number of investors to invest in them consistently. With consistent
demand, more and more premium Real Estate builders are constructing such
luxurious projects accelerating economic standards of Chennai.