For every Non Resident Indians (NRIs), investing in real estate market always tops the list of investment options. The capital appreciation potential of Indian real estate market have been creating keen interest in Non Resident Indians (NRIs) to invest back home. With huge developments happening in not only most metros but also in many TIER I and TIER II cities across the country, there is a common question prevailing among NRIs on where to invest the hard earned money and fetch a good return on investment.Read More
If you are one among the NRI who wants to invest in India then no doubt the first query that would linger in your mind is Where, How and Why? Let’s try to find answer.
According to experts, for investment perspective, Mumbai takes the lead in North India and Chennai in South India. So what has made Chennai one of the most preferred destinations in terms of real estate investments?
Chennai is an amusing mix of tradition and modernity as it is the only city that shows off both cosmopolitan lifestyle andculture. Chennai, one of the major economic centers of the country is mostly contributing to the country’s global rise. Due to the rising IT companies, automobile companies, Chennai has always had a very good potential. All credit goes to the brilliant infrastructure development by both government and private bodies. To support the existing intra city transport, the Chennai Metro rail project is being proposed and no doubt the city is one of the coveted destinations for investment.
Chennai has excellent health, educational and infrastructural facilities. The city possesses the best medical facilities in the country, with Apollo, Vijaya and Shankar Netralaya to name a few. Earlier days Spencer Plaza was the only mall people visited but today malls are being constructed at different suburbs and people need not travel to one single destination for shopping.
With business brewing, the real estate firms are moving into the city with residential and commercial properties. With regard to residential properties, the real estate firms in Chennai are coming up with new and innovative projects with lavish international standard specifications and state-of-the-art lifestyle amenities. These have totally transformed the city into flourishing residential hotspot.
So what are the hot places to invest in Chennai? According to experts, South Chennai is the good place to invest money as there is a lot of infrastructure development and there are good chances of appreciation. South Chennai is buzzing with construction activities in residential, commercial and retail sectors. Areas like Old Mahabalipuram Road (OMR), Grand Southern Trunk Road (GST) road and Oragadam has got good potential in terms of return on investment. Along GST Road, prestigious self sustained township projects like Palm Riviera, Royal Castle, Temple Waves, Heritage, Saffron Heights are offering high and low rise apartments, penthouses, independent and luxurious bungalows, with state-of-art commercial complexes, shopping malls, posh restaurants and entertainment zones etc.
Whatever you name it, short, medium, long term or joint venture investment plan, Chennai is definitely the safe and profitable city to make investment. Invest in Chennai real estate, the city with tremendous potential and enjoy the good, stable and risk free investment for the future.