What Chennai has that other Metros don’t when itcomes to Real Estate?

There is something about luxury apartments in Chennai that makes its demand distinctand proliferating. Although, luxury comes at a price; there is a good demand from asubstantial segment of population to invest in such opulent properties especially in therecent times. Earlier, luxury apartments and lavish villas were concentrated in specificareas of Chennai like Boat Club road, Adyar, Besant Nagar, Cenatoph Road and thelikes. Today, almost every area in the city is characterized by opulence in some form orthe other. While a larger part of investing community continues to prefer moreaffordable real estate; the demand for luxury residential apartments in Chennai isslowly making its presence felt.

Real estate in Chennai vs. other metros

Chennai has suddenly emerged as a place where the affluent and well-to-do have themeans to buy and the city has the space to offer. And as the demand for housing andpurchasing power increase in the city, more and more luxury apartments in Chennai

are characterizing its landscape. These high-end homes have a number of substantialamenities that render a taste of urban living. The real estate market in the country hasfaced its fair share of ups and downs. Other metropolitan cities have faced severedecline in demand but there has not been much of a bad stir in Chennai and there areprofound reasons for this.

Residential apartments in Chennai, regardless of price continue to face an upswing indemand when compared to other metros and this is because of two important reasons.

1. SpaceChennai has considerably more space when compared to other metropolitancities. Today, real estate investorsprefer lung space when it comes toliving. Chennai is a growing cityeconomically, geographically andtechnologically. The sudden spurtof growth has thrown up vastexpanses of land for the purposeof real estate development.Builders in Chennai are todayconscious of the dearth of land in other cities and hence have constructed largerhomes and apartments both within and a little further from Chennai. Luxuryapartments in Chennai have a lot of lung space and urban amenities forcomfortable living.

2. PricePrice often is one of the most important determinants of property purchase

decision. The price of residential properties in othermetros is alarmingly high. But residential apartmentsin Chennai are relatively more affordable by mostsections of the city. And differential pricing accordingto location helps to cater to all budgets.

ABOUT US

Akshaya was founded in 1995 under the stewardship of Mr. T. Chitty Babu, a leading light ofthe real estate industry in India. It has grown into one of the most awarded companies in thecountry acclaimed for its transparent business practices and innovation. The journey over thelast 19 years has seen the company excel in both the home and commercial domains bybuilding more than 150 magnificent edifices in South India.

CONTACT US

Akshaya Services Private LimitedCapitale,

No. 22, 2nd Street, Nehru Nagar,Adyar, Chennai - 600 020.

Tel: 044 - 2445 1818Website:www.akshaya.com