Upcoming residential projects in Chennai spoils the buyers for choice.

The real estate market in Chennai real estate has encountered tremendous boom over the past few decades, mainly because of the IT/ITES empowerment in the city. This has significantly increased the number of property investments as the city is growing at a good pace.  Chennai, being a home to many IT parks, has witnessed a lot of cosmopolitan  migration in the past few years. People come here in search of better job opportunities.

The reason behind people wanting to buy home in Chennai is proximity from their work spaces. So, the increasing demand had led to the launch of a slew of upcoming residential projects in Chennai. The city beholds a magnetic charm as it is a wonderful melting pot where different cultures meet. The demand of service apartments in Chennai has also grown due to increasing number of migrant every year.

OMR Chennai is one of the most highlighted regions in Chennai and is also a hotspot in the Chennai's realty market. Due to its strategic location, the residential townships nestled here offers an excellent connectivity and proximity to a number of IT parks and SEZs.(Special Economic zones.) This location has significantly contributed in increasing the number of upcoming residential projects in Chennai.

Chennai's southern part is witnessing a rise in affordable housing segments. The area has a pulled a good amount of traction amongst the middle class buyers that form the major section of our society. It has turned out to become one of the main destinations for expatriates and job aspirants. The place also enjoys excellent social infrastructure -

Proximity to hospitals

Closeness to malls and city centers

Proximity to schools and universities

Banks and ATMs nearby

While South Chennai is continuously beating the record in pulling the buyers interest ,Northern Chennai seems to come up the curve. Gone are the days when North Chennai was known for broken roads, poor infrastructure and unrefined population. Things have changed for the better and now the outlook about this area is slowly unraveling and property builders are aware of the potential that it creates.

The presence of the Outer Ring Road and the upcoming Metro Rail makes it an interesting proposition. The Ponneri Smart City is the major highlight that has created a lot of demand in the realty market. The state government too seems to be interested in making the port into a much larger business zone. This has led to a number of small scale industries and plants springing up in the area, making way for a lot of job opportunities. The immense land bank that lies in the suburbs attracts many new  constructions of latest residential trends.

The affluent constructional activities equipped with all the facilities in Chennai's CBD has set new benchmarks  in  the development and expansion of its boundary. Growing population has also created provisions for service apartments in Chennai.

Number of Grade A+ builders are showcasing their interest with a slew of residential projects in Chennai. All the projects are crafted with finest details and offers world class amenities. People can enjoy top notch facilities and high class lifestyle without spending too much. It appears a great bet for early investors and end users.