Flats in Chennai is your dependable destination to browse through the complete list of flat style properties in Chennai city. We have an all-inclusive listing of flats in the city with consolidated details including their location, pricing, constructor, area, amenities, plan and what not? Be it any flat construction taking place in the city, it can’t escape our eyes as we are constantly in look out for flats in Chennai to exhibit on our portal that will show up on your search with us! Welcome to our portal!
Chennai has been one of India's fastest-growing cities. With the rise in the industrial sector and the influx of people from different parts of the country, the real estate market in the city has seen major positive changes. That being said, buying a flat in Chennai is a successful investment choice, whether you intend to rent it out or use it yourself. When you rent property in Chennai, your monthly rental payments can give you a place to stay and more. However, on the property that you have also purchased, you earn equity annually as valuation increases, and particularly in Chennai, the valuation of properties increases by an average of 4-6 per cent a year. Bear in mind that real estate is a cyclical undertaking. The gap between the payment of your loan and the average growth throughout the market value of the property is the money you earn. Buying the property and holding it for 10 years and selling it will give you at least 2 times the return. You get 75 per cent of the expense as a loan, and 25 per cent of it has to be paid in cash. So you're not going to get tax relief until you build a house on it.
Whether you are looking to purchase a home in Chennai, then Old Mahabalipuram Road (OMR), Velachery, Medavakkam, Pallavaram and Porur should be the perfect option. As per trustee research survey reports, these five locations are the top five chosen locations in the city for property purchases. Since the last three quarters, all five have maintained their preference coefficient. As one of the most quickly developed locations, the Old Mahabalipuram Road today offers a range of ready to move properties. In addition, OMR is home to several of the city's IT centers and businesses. Since the IT industry is a main economic engine in South Chennai, OMR is the most popular destination for many. And, as a result, the most favored for a residential house. "Velachery is off the OMR market and the surrounding areas, such as Madipakkam, Pallikaranai and Medavakkam, where there are several small-time innovations. Apart from being chosen to purchase land, these areas often enjoy a strong rental market. The proximity of phases I and II of the OMR, which include major IT hubs such as Sholinganallur, Siruseri and Kelambakkam, is the key driver of residential demand in these areas. While these locations mostly attract end-users. Guduvancheri is also a big attraction for investors. Guduvancheri is favored for its affordable property prices ranging from Rs 3,000-3,500 per sq. ft. The majority of properties in this locality are available in the Rs 20-40 Lakh budget in the form of plotted developments.
Are there any ready to occupy apartments in Chennai?
Yes, there are around 500+ ready to occupy apartments available for sale in Chennai.
What is the average cost of a flat in Chennai?
The average cost of the flat in Chennai ranges from 25 L to 2 Cr*.
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