Chennai’s residential market, which has been impacted by the overall slowdown in 2014, is recovering with a spurt in the volume of enquiries and clinching of deals for apartments in the price range of Rs 40-60 lakh. Unlike earlier, property developers are seeing deals closing as the first time homebuyers want to make use of the…
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Property Management for your Rental Properties, Letting out for rent in Chennai Coimbatore India
Property Management for your Rental Properties, Letting out for rent in Chennai Coimbatore India
Property Management for your Rental Properties, Letting out for rent in Chennai Coimbatore India
Chennai Real-estate developers in Chennai are seeing high land costs and regulatory overdrives eating into business potential, even as corporations wait to set up offices in the city. At about 1.5 million sq ft, new commercial realty that came up in 2014 was the lowest in a decade. Against average demand of about 4 million…
Read MoreIn Chennai Ever wanted to boast of a luxury address on your business card but find it unaffordable? Well, Magicbricks brings you property options in addresses close to premium areas, but at economical prices… Near Poes Garden Poes Garden is recognised as one of the most affluent residential addresses across India, as it is home…
Read MoreChennai – Magicbricks found that areas such as Adyar, Nungambakkam and T Nagar are gaining popularity among end users and investors. These feature among the top preferred localities as recorded by PropIndex, a quarterly research initiative by Magicbricks.
These coveted addresses are nearing saturation, but with re-development making its way, there is considerable supply of new properties in these markets. However, the prices are in the range of Rs 1-16 crore, depending upon the size, property type and the exact location of the house.
If the budget doesn’t allow you to buy in these areas, then trend watchers hint that the rental market is also good. If you are an investor, you would be happy to note that a sizeable number of tenants do not mind spending Rs 30,000-50,000 per month as rent.
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