For people living in South Chennai who are
looking for investing in real estate this is the prime time. With the recent
drop in prices the cost of real estate has really climbed down making it the
opportune moment for people who want to invest in the market. The government’s
new policies have made buying property a lot easier. Now you will not have to
go through all the complicated paper work but you can get the process started
and get your dream apartment in a seamless process.
Why
you should invest in real estate
The city is still growing and most of the
development is happening on the south section of the city. The major education
institutions are located in the close vicinity and this makes south Chennai one
of the best places to live in. In terms of living standards, the city ranks as
one of the top cities of the country. The city has been going through a sharp
rise in property market for the last decades. This is the first time that the
place has seen such drastic drop in property market. This is mainly due to the
new policies of the state government. A lot of new housing complexes are coming
up in the recent months and that has also helped in pushing the price down
because of the competitions. You can get the best deal if you by an apartment
in one of these housing complexes because they come with all the modern
amenities and luxuries. Due to the increase in the competition the developers
are selling the apartments and other similar property at a much lower rates
than normal. You will be able to get a flat with all the luxuries like swimming
pool, gym and other similar facilities and it will be perfectly within your
budget. Depending on how much you are willing to shell out, you can also get
studio apartments and low budget apartments.
Things
to look out for
When you are going to invest in some real
estate in and around South Chennai you will have to be careful in some areas.
You will have to find out how well connected the place is. There are many
different modes of transportations that are available in the city and the metro
link is one of the major mode of transport. So places in around the metro
stations are priced much higher than the rest of the places but even the price
drop has affected the price of these regions so you will be able to get a place
without much hassle.
You will also have to talk with the
previous owner if you are buying a secondhand property in chennai and find out if there
are any kind of problems associated with the infrastructure. For buying a brand
new apartment you will have to talk with the developer and find out all about
the facilities that are available. Depending on the location you can get a very
good deal if you decide to purchase now.
