Today Investment in Chennai Give Good Returns!!

Chennai's real estate market is made of conservative buyers who don't want to take risks. It is one of the most stable residential real estate markets in India. But home buyers have been more cautious and extending their decision to acquire home due to various reasons like unattractive property prices, high home loan interest rates, etc. End-user and price sensitivity drive this traditional market is a real factor. There is no guesswork involved in this market because end users make most of the purchases here, but that doesn't mean that the market is devoid of investors. A significant portion of the massive growth is attributed to the development of manufacturing, IT and automotive industries.

The Growth of Chennai's Real Estate Market

Some reasons contribute to the real estate development in the city. With each passing day, the properties here are getting stronger and stronger.

Infrastructure Development

Property in Chennai is growing due to various infrastructure developments. One of the main reasons of stimulating buyers' interest is the first phase of the Chennai Metro Rail Network from Koyambedu to Alandur that will be operational shortly. Moreover, by December 2016, the state government plans to complete the four landing on East Coast Road between Mamallapuram and Akamai. The Tamil Road Development Corporation (TNRDC) has started road construction on the stretch heading to Mamallapuram.

Moreover, there are many shopping malls under construction and the social infrastructure along the IT Corridor on the OMR is expanding as well. Furthermore, the availability of educational institutions, hotels, hospitals, cinemas, restaurants along the stretch from Perungudi to Siruseri is driving up interest from both investors and end users. In this corridor, the prices are ranges between INR 6,500-9,500 per sq ft in the pre-toll sector and between INR 8,000-4,000 per sq ft in the post-toll sector.

Reduce Interest Rates

There has been a revived interest in the home buying segment due to the gradual rationalization of home prices and the recent reduction in interest rates in the region of 9.25%. As the RBI announces a further decrease in the lending rates, the momentum is likely in the anticipated event. But, there appears to be no further scope of reduction because prices across segments seem to have bottomed out.

New Corridors

As an extension to South Chennai, the 12 km stretch from Sholinganalur to Madhya Kailas has gradually being developed. This extension offers prices that are quite attractive as compared to Thiruvanmiyur and Adyar. Here one can find housing of various configurations with options ranging from lifestyle apartments, villas to townships that come with wonderful amenities. Along the 200-foot radial road from Pallavaram to Thoriapakkam, properties here are becoming attractive due to its connectivity between OMR and GST Road.

With the arrival of premium and luxury property in Chennai such as Alwarpet, Adyar, Nungambakkam, Kotturpuram, Egmore and T Nagar in the recent past, buyers' interest is increasing rapidly in this segment. Today, every single property in Chennai is an investment option that can give a good return on investment.

Rahul Kumar has an excellent Knowledge about investment in Indian Real Estate industry. He passionate about writing about Real Estate market and investment for more details you can check out his latest articles on http://www.buyproperty.com/articles.