Chennai has an identity as a hot spot of realty investment in India as well as the world by major realty analysts across the world, chiefly because of a particular segment of buyers or investors, the NRIs. Several Real estate builders or property developers in Chennai receive a huge number of inquiries from them.
2. Warning for the plot owners in Chennai; Premium Real estate builders are hunting for
residential plots in Chennai, pondering over different residential and commercial options for
the consistently expanding city. Chennai city has grown in its geography, population, realty,
prices and what else...
The once conservative mentality of the property buyers in the city seems to have
transformed and the traditional mindset is no longer valid. Premium and globally renowned
Real estate builders in Chennai have been constructing architectural marvels in different
pockets of Chennai that includes the Central Business District and suburban regions. The
Real estate builders also offer a good balance of affordable and super luxury housing so that
the residential market of the city caters to all communities of buyers.
3. Introducing, the new segment of buyers/investors
Interestingly, there is another segment of buyers, investors indeed, very keen on Real estate
properties in Chennai, particularly searching a plot for sale in Chennai. There are good
reasons why this segment of buyers find themselves drawn towards the Real estate in
Chennai.
The volatile rupee and the current economic situation find Real estate the more stable
source of investment, guaranteeing high returns in the long run. Hence, NRIs prefer Real
estate investment, and Chennai becomes a top choice, simply because of the relatively high
demand, lower prices and assured returns. The city has been identified as the hot spot of
realty investment by major realty analysts across the world.
4. Behind the NRI Investment
Several Real estate builders or property developers in Chennai are receiving a number of
inquiries from the NRI population. A large number of NRI buyers want ready-to-move in
flats in Chennai for their families, or for rental purposes, through which they can be assured
of periodic ROI. Although, built units come with a premium price tag over the ongoing or
proposed projects, NRI buyers are willing to pay the premium to purchase ready-built flats
in Chennai. Besides requiring a stable source of investment and the attraction of Chennai’s
Real estate market, lending rates from international financial institutions is competitive
thereby making NRIs wanting to invest on Real estate.
5. Besides ready-to-move in apartments, there is steady demand from this community of buyers
for plot for sale in Chennai. Thus, there is considerable year-on-year growth with NRI
investment on immovable property in Chennai. Leading property developers in the city are
catering to this segment of buyers/investors who seek luxury homes for private use or
moderately priced apartments for rental purposes. Either ways, Chennai is most certainly
the most sought after realty investment destination in the country.
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