Property in Chennai

Property in Chennai

Apart from being the biggest automobile hub in Southeast Asia, the city of Chennai is also the hotbed for several MNCs across the IT and ITeS sectors. Being home to numerous fortune 500 companies, the metro has seen tremendous economic growth over the last two decades.

With robust infrastructure and superlative connectivity, it is indeed no surprise that the city was adjudged the second best metro, going by the ‘ease of living index’ released by the ministry of housing and urban affairs recently.

Chennai has always been a stable real estate market for both buyers and builders, as it is one that does not see sudden dips and sharp spikes in prices. This aspect has ensured it attracts both end-users and investors from across the country. Although initiatives like RERA and GST did result in a temporary stagnant period, the market has adapted to these changes.

The steady increase in demand, has ensured a rapid decline in unsold inventory and the numbers have gone down to a mere 4% as opposed to the 14% in 2017. The government’s housing for all agenda will also play a key role in reinforcing the growth of the property market in Chennai. So if you are looking to purchase property in Chennai, chennaiproperties.in offers comprehensive listings of varied real estate to suit your budget and requirement.

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