Let us evaluate some of the key factors that are influencing people to buy property in Chennai
•Property prices- The housing properties in these areas are offered in variety of price configuration. An average 1 BHK is available in a price range of Rs.10-25 lakhs while you can get a2 BHK apartment in price range of Rs. 17-35 lakhs. Furthermore a 3 BHK house can be available in price range of s.30—35 lakhs. It estimated that 90% of the apartments are ready to move in which is a definitely a good news.
•Connectivity and base work- Generally the infrastructure and connectivity of the city has improved a lot. All the major sub-urban areas are now connected with road and recent addition in the connectivity module which the metro rail in changing the experience of travelling in the Chennai. Linking up all the peripheries of the city will give a major boost to the properties in Chennai. Other basic infrastructural requirements are being developed in different parts of the city. Amenities like hospitals, school and entertainment are being developed at a faster pace.
•Forthcoming Potentials- Under the Atal Mission for rejuvenation and Urban Transformation (AMRUT) scheme which the extension of the JNNURM, Central government has identified many sub-urban areas of Chennai which will funded to upgrade their infrastructure base like water supply, sewerage management, storm water drainage , expansion of green spaces and parks for children.
There are several builder in chennai like Mahindra life spaces, VGN developers and southern builder who are now venturing in this areas and encouragement from government is giving them the extra impetus. With all these improved infrrasrture, connectivity the suburban areas of Chennai are surely going to shine.
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