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A number of reasons contribute to the growing percentage of property sale in Chennai. It may have been perhaps the last to grow economically but it has amazingly managed to pick up and gather pace than any of its metropolitan counterparts.
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The Biggest Reasons
why Real Estate prefers Chennai
Chennai has in the
recent times grown in
length and breadth in the Real estate sector. Although, a large portion of this
massive growth is attributed to the development of IT, automotive and
manufacturing industries, Chennai itself enjoys favorable elements like
location, infrastructural growth and abundance of amenities besides others. A
number of reasons thereby contribute to the growing percentage of land and
residential plots for sale in Chennai. The city is a metro. It may have been
perhaps the last to grow economically when compared to Mumbai or Delhi. But
it has amazingly managed to pick up and gather pace than any of its
metropolitan counterparts.
The biggest reasons Real estate companies and investors prefer
Chennai is simply because
• There is availability of lot more land parcels in Chennai than there is in
Mumbai, Delhi or Kolkata.
Availability of land is directly
and primarily responsible for
development of Real estate
empires regardless of commercial
or residential requirement.
• The plots for sale in Chennai are relatively more affordable than it is in
other metropolitan cities by a big margin. While it may be easier to
secure properties and land at that prices in Tier B and Tier C Cities, the
advantage of setting up Real estate properties in a metro is completely
different. Hence, when economies of scale combine with metro tag,
Chennai seems to be a lucrative and attractive destination for buyers
and sellers alike.
• Chennai shows a lot of promise with regard to industrial development
and a prospering economy. A number of multinational majors and
important industries are making their entry into Chennai and hence are
directly responsible for the city’s growing economy plus they also
contribute to the increasing percentage of job opportunities in the city.
• Multiple opportunities invite job seekers from far corners of the country
and the world thus increasing housing and commercial demand in
Chennai.
The growth of Real estate scenario in Chennai is thus a circle of advantages
each contributing to the other in more ways than one. Every single land and
plot for sale in Chennai is a great piece of investment option if you intend to
realize larger returns even in the short term.
Frontier, Developed Residential Plots, ECR, Chennai
ETA Star Property Developers Ltd
Web: www.etastar.com