What need to expect from Chennai real estates
You could have known well about the real estates. That too
there is huge demand in most of the financial sectors, multinational companies
and banking sectors and as well enhanced commercial rental values in central
business districts of Chennai. Nungambakkam, Anna salai, Anna nagar and as well
Adyar areas come under the Chennai based CBD’s. Most of the companies look
forward towards the A grade which includes the IT and ITES firm. Most of the
real estate agents look forward to make use of high grade office space and a
robust infrastructure in and around the office.
Do prefer the commercial areas for IT/ITES companies in old
Mahabalipuram, Guindy, Egmore and more to your real estate operators. Most of the companies are essentially coming
to these regions and real estate in order to get in to the trends. Most of the commercial rental in Chennai that
is for offices and shops are located at CBD region and as well some of the
highest rental values in Chennai are available at Rs 45-55 per sq.ft. Due the
increased recession, most of the CBD region get reduced to 35-40 per sq.ft. At
present it has been increased to Rs 30-55 per sq.ft. It has been nearly
increased to 5 to 15% higher when compared to last year.
While concentrating on residential property, most of the south west potential parts of the cities in Chennai are concentrating on the residential areas. Most of the business property areas are concentrating to boost the property values in order to increase the whole facility. As per the property experts, the areas around Guindy and Velachery are mostly benfited regarding the residential areas. Property prices in Chennai’s Saidapet area get progressed along with Airport construction project.
To reap the higher profit in near future, most of the investing property holders in central city localities like Kodambakkam and Mambalam along with airport project. There are lots of real estate operators in Chennai, to buy your own apartments to have better and peaceful life in future. But be conscious while selecting your own real estate operators as most of the developers tend to be cheaters.