Owning a property, be it a house or an apartment, is the dream for many middle class and upper-middle-class people. Nowadays it is a matter of status for us to live in our own house. We toil to save money for this dream investment. Let us see what this New Year has in store for us to materialize our dreams. Rates of apartments in Chennai have decreased considerably over the past few years. And a report says nearly 64 per cent of the people living in rented houses in metros are willing to buy residential properties. Further according to Indian Real Estate Report 2019 – 85 per cent of the people prefer ready to occupy homes. GP Homes are pioneers in houses for sale in Chennai. 

Certain factors are to be considered from the point of view of buyers, in view of investment. They are cost, proximity to the workplace, water supply and other amenities. Now let us have a look at the conducive factors that help in investment in Chennai.

Firstly the housing loan rates and interests have declined sharply. And a survey conducted by Property Consultants shows that there has been a 7 per cent increase in the rates of houses for sale in Chennai. Apartments in Chennai have also seen a plunge in their rates. Also, home loan rates have decreased to 10.3 to 8.25 per cent from 2014 to 2018.  Also, there has been an increase in the investment rates by 8.7 per cent according to Collier’s report. Further, the investment rates were low in 2019 and it is expected that 2020 will see a rise in investments of houses of the sale in Chennai. Hence the property prices that were stagnant in 2019 and slash in the home loan rates have boosted up the confidence of the buyers for buying apartments in Chennai.

Hence this is a perfect time for the investors to negotiate with the realtors for houses for sale in Chennai. Additionally, buyers need not pay GST for ready to move-in homes and GP Homes are the leading developers of flats for sale in Chennai. Around 2025 India will be one of the countries that will see 72% of construction activity in the globe. Hence the demand and supply ratio proportionate to each other. GP Homes have exclusive plans sketched out for their houses for sale in Chennai. 

The tier-II cities like Coimbatore, Ernakulum, Cochin, Jamshedpur, Jaipur etc are also undergoing a vast development and the demand for housing units in such areas are increasing. Prices of houses for sale in Chennai dropped in 2019 and supply increased. But the sales did not go up, proportionately. Hence it is the golden time, for investment in Indian residential markets. Especially ready to move in apartments in Chennai are gaining popularity rather than high-end, luxury projects.

Furthermore, builders come up with great ideas to market their projects. They provide theme-based homes like integrated townships, senior citizen homes, kids-centric homes and cosy homes that come with several amenities. These facilities have also prodded the investors and buyers to approach the builders. GP Homes provide these amenities to their apartment dwellers with their top-class projects. They are providers of apartments in Chennai.

Houses for sale in Chennai will definitely see a sharp rise in the coming days. Due to these factors, apartments in Chennai and other metro cities might witness growth by 5% to 6.5 billion dollars. Hence 2020 is a potentially filled year for investment in residential projects overall in India and especially in houses for sale in Chennai.