Monday 3 March 2014

The Magic of Chennai’s Infrastructural progress in directing Real Estate market

Infrastructural development is perhaps one of the strongest reasons for the accelerating demand of apartments for sale in Chennai. While commercial development and industrialization have triggered the entry of migrant population, it is infrastructural progress that has sustained investor's interest in the city. Regions such as OMR, ECR, Medavakkam, Perumbakkam, Oragadam, Sriperumbudur, Tambaram and Velachery form the epicenter of colossal progress. As a matter of fact, apartments for sale in Medavakkam are today facing the same harmony that the Central Business District of Chennai faced a few decades ago. Investors are gradually shifting interest to suburban localities simply because there is more land there, they are more affordable and they represent the city’s future in realty.

Nature of Infrastructural Development in Chennai

1. If apartments for sale in Chennai have picked up power in the last few years, Chennai’s most prestigious infrastructural project, the Metro Rail, is one of the important reasons. Intended to connect all major hubs of the city, the Chennai Metro project is expected to create a revolution in the traffic scenario of the city. Several residential projects have gained maximum popularity and rising demand primarily because of what the Metro is expected to offer.

The Impact of Metro Rail on Realty: NDTV 

2. The development of Outer Ring Road (ORR) connecting Tambaram, Velachery and adjoining regions is yet another reason for the demand of apartments for sale in Medavakkam, Perumbakkam..etc. The ORR is expected to reduce traffic and congestion greatly and provide for free and smooth flow of traffic even during peak hours. This is also a necessary development since this development is coming up near the international airport and the commute is expected to be easier and quicker.

3. North of Chennai is also gradually picking up pace. Tiruvallur has got its TIDCO and Ascendas SEZ and the new airport to be opened in Sriperumbudur in 2015 are two reasons for the opening up of Real estate demand in North and West Chennai.

Real estate in Chennai


4. Changes in the public modes of transportation to include a larger number of vehicles have further accelerated the demand of apartments for sale in Chennai. With better roads, increased number of public transportation mediums, consistently growing industries and commercial centers and a balanced lifestyle make Chennai a hot bed for realty investment. And some locations gather more clout than the others. The demand for apartments for sale in Medavakkam stands testimony to the location preference investors are showcasing.



- Sumangali Homes
Builders in Chennai


  

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