Chennai, the capital of Tamilnadu formerly known as “Madras” is known as the “Gateway of South India” due to its multiculturalism. It is well known as the Cultural Capital of South India as it is the third most visited city in India by international tourists according to top builders in Chennai. It is located along the coastal regions of Bay of Bengal

The Chennai Corporation and other local civic bodies are efficient in clearing stormwater drains to bring relief to the residents of the city before the arrival of monsoons. Other measures that have been undertaken are de-silting in water bodies and the construction of new channels.

From an investment point of view, Chennai property prices are more affordable and worth the price. Other metropolitans such as Mumbai and Kolkata are comparatively expensive, thus driving the real estate business forward in the city.

First-Rate Infrastructure by the top builders in Chennai

Over the years, Chennai has witnessed significant development in terms of infrastructure, which in turn has had a positive influence on its real estate market. Where the hugely popular Chennai Metro service has helped improve accessibility within the city and its suburbs, the upcoming Chennai-Bangalore Industrial Corridor (CBIC) is expected to enhance commerce between Southern India and East Asia.

Chennai is well connected to all major cities and states through various modes such as roadways, railways, airways and seaways by the top builders in Chennai. The Port in Chennai is the third oldest among the major ports and the second-largest commercial ports in India. Also, there are lots of interconnected routes which make it accessible and easy to commute within and outside the city.

Steady Increase of Property Value

The main factor which drives investors for investing in real estate is the huge capital appreciation that they would benefit house for sale in Ayapakkam. Chennai’s property value is increasing steadily and surely, where investors are expected to get an increased value of their property some years down the road. From 2009 to 2012 alone, the market witnessed a capital appreciation of 150%. Capital Appreciation is expected to increase and investing now when the time and price is right would guarantee you better capital gains!

High Employment Opportunities

Chennai has a high rate of employment mainly due to the establishment of many Multi-National Companies. Companies prefer Chennai because it is recognized as an official English-speaking work zone. A lot of employees are also recruited from various other cities which increases the number of persons migrating to Chennai every year. This has led to the need for housing in Chennai which in turn increases the real estate value like flats in Ayanambakkam

IT Sector

The IT Sector has benefited Chennai’s real estate market in two ways: by creating employment opportunities, in turn increasing the need for housing according to top builders in Chennai. It has also increased the value of property near their office establishments making a lot of previously unexplored property site into hot real estate sites. This has contributed to the increase in real estate market growth in Chennai to a large extent. Sholinganallur, Oragadam and OMR have become a great place to invest due to the IT factor. IT professionals have also bought properties near their office further increasing the demand at these places. Buying a property near an IT establishment would automatically increase the market value of the property!

Multi-Cultural & Safe

Chennai is one of the most multi-cultural and conservative metropolitan cities in India. People here are known for their warm and friendly nature and welcome all traditions with open arms. As per Mercer Consulting Group, Chennai ranks among one of the safest cities in India with low crime rates and stable law and order situation. It is safe for women and children when compared to other major Indian cities. The city also has the lowest risk of mugging & kidnapping which makes it secure even for tourists and residents

Quality Education and Immense job Opportunities

Chennai ranks among the highest literacy rate in India with about 81% which in turn is a key for socio-economic progress. There are various educational institutions offering quality education programs. Chennai is home to some reputed educational and research institutions such as IIT Madras, Stanley Medical College, Anna University, Central Leather Research Institute (CLRI), etc.

Along with education, it is also an ideal place for employment due to its varied industry sectors. Chennai, also known as “The Detroit of India” is the hub for automotive and auto components, as more than one-third of India’s automobile manufacturing and allied industries are based in and around the city. Top Automotive players such as BMW, Ford and Hyundai have set up their manufacturing base in Chennai.