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23
Oct
2013

Chennai has all Factors to see Consistent Realty Growth

It is no news that Chennai is becoming the favored destination for builders and investors with more and more multinational IT and manufacturing companies considering the city as their next investment spot.

Don’t Wait Any Further

Some of the veteran property buyers in the city have been playing the wait and watch game for long and now the time has come when their wait seems to be paying off in a great way. The recent increase of Repo rate by 25bps has also not lessened the enthusiasm of buyers and builders in Chennai from adding to the consistent growth of the city’s realty market.

NRIs Continue to Invest Despite the Dollar Fluctuations

Many believed that the recent dollar appreciation may also have an impact on Chennai’s real estate market, which obviously doesn’t seem to be the case. The sales have gone up by a good 10-15% and unless an outside buyer makes the full payment in dollar, there is no such huge impact.

Investment Opportunities

Apart from apartments and villas, buyers are also much pumped about buying villa plots in gated communities from reputed builders such as Artha Property. Artha Meadows, for example, is a great villa cum plot project in Grand Southern Truck Road or GST road, which is one of the coveted and sort after investment destinations in Chennai.

A lot of buyers are purchasing villas in GST road, OMR and similar popular spots and then there are others who choose to buy a land property in Chennai, which again promises to give great ROI.