Why investing in Chennai’s real estate is a profit?

Chennai, the city where the breezy sea, lies parried with the sky scrapping lighthouse! In this land everything is special, from the cotton candy to the BMW and everyone here is famous, from the corner shop owner to M S Dhoni; even foreign things and foreign people are celebrated here! Such a great land is also becoming famous for real estate and it has become one of the best places of investment for various reasons, and here are some!

How good is the market value?

The first and the foremost thing that comes to our mind when we think of investing in the land “is the market value”. The Chennai real estate screams a big yes, to all the sceptical people! The market value is not improving month by month, but there is rise every day and this makes Chennai a promising destination for real estate. The residential real estate market value is estimated to increase by 7 % to 10 % every year.

How about the price?

If you desperately do not want to invest in Chennai’s real estate, do not check the real estate prices in Chennai, they will instantly impress you! The real estate prices in Chennai is very less when compared with the prices of Mumbai, Bangalore, Kolkata etc. After the idea of affordable homes, the costs have further reduced.

Would the idea of renting, work out well in real estate?

People from different countries and different cities live in Chennai, this means that Chennaites are always on a hunt for the rented house. So the “to-be owners”, you do not have to worry about renting your house, and you would be gifted with good cash as rent! Apart from just getting monetary returns, the house rent would help you pay the loan interest as well.

How safe is the city?

If you doubt on the safety of Chennai, here are some statistics to answer you! Chennai is the fourth most populous city in India but it is also the third safest city in India. The Female Security Index is much higher in Chennai than in any other metro city. The crime rate in Chennai is lesser than in other cities and the crimes against women are low in Chennai.

Are all the areas of Chennai well explored?

Areas such as Oragadam, Pallavaram, and OMR etc answer you with a big “no”. Chennai is not a completely explored city, which gives you ample opportunities to invest in less popular areas, which are near to the IT parks. If you invest in these areas now, you would get a good monetary return and when you sell it in the future, the value would certainly be high.

Are the facilities and job opportunities good?

The facilities and the job opportunities are not good, they are too good! Chennai has some of the best schools and colleges; there is 24 hours hospital throughout the city. There are endless entertainment spots in Chennai; the city is fortified by malls, amusement parks, restaurants, theatres etc! There are enough job opportunities in the city; IT sector alone guarantees thousands of job opportunities. Apart from this, the public and the private sector, the entertainment sectors, fashion sectors etc also give overwhelming job openings. From the office boy post to the CEO post, there are everlasting job opportunities in Chennai, which invites people with a warm heart.

Have you not feel in love with the real estate of Chennai? To have a better future tomorrow, invest in Chennai’s real estate today! Be it a Villa in OMR or an independent house in Besant Nagar or flat in Tambaram, Chennai would give you great returns.

Article published by Alliance Group (Chennai)