1 BHK Apartments for Sale in Chennai drives Chennai’s Realty Market

The prominent realty players in Chennai are presently focusing on building residential projects with 1 bhk apartments, as the demand for such homes in the urban center is high in recent times. The major cause for the demand for these 1 bhk homes is because of the increased job opportunities. As Chennai has been the hub for many automobile giants and IT bigwigs, the employment opportunities in the city have heaved more migrants to the city. Ultimately, the requirement of residential properties has been very high in the metropolis over the past few years.

New Guidelines for Building regularization in Chennai

The recent rule set by Madras High court has put several building violators in trouble. Builders who have violated the construction rules while building homes are said as building violators. The state government has appointed a group of members to find out structures that have violated the rules and regulations. Suddenly, the government started working at full fledge towards this announcement since a new set of guidelines were introduced earlier on June, 2014 by the government which stated clearly to take actions against unauthorized buildings.

Luxury Market Hit the city of Chennai

After few years, common people wouldfind it hard to own a home in Indian cities like Bangalore, Delhi, Chennai etc, predicts the recent survey. Luxury segment has started to hit the top metros of India such as Chennai, Delhi, Bangalore and so on. For instance, the current price of a residential property in the prime areas of major Indian cities are Rs. 2 crore whereas in the next few decades, the price is estimated to raise about Rs.4 crore displaying a rise of 70%. The experts are expecting the price rise at short stretch since it will increase the economy of the country.

High Demand and Affordability Redefine Houses in Chennai

The Indian real estate market has been streaming ahead amidst a tough time for the economic stance over the third quarter of 2012. But the year 2014 is riding healthy with the expectation of recovery in the real estate sector of the country. As noticed, the realty sector in India is upheld its expansion and growth into the new found peripheries of the country which are going to evolve as the latest hotbeds of realty development. Moving forward, few metros like Chennai, Bangalore etc are geared up to effect further progresses and will maintain a positive stand throughout the year. Along with the participation of a mass number of buyers, fine result is noticed for houses in Chennai.

Patta to Buy Plots in Chennai - A Guide

This article revolves around the importance of Patta for property. Everything related to this are covered in this article. There are many types; here we have covered the most common types. We will look at the procedure to obtain patta, the scope and procedure involved in transferring the patta. This word is commonly viewed during real estate investment in DTCP approved plots for sale in Chennai and helps people to save money and time. The three common types are:

The Assessment of Budget House in Chennai and the Way Forward

The year 2013 was a testing time for the Indian economy with high inflation while the fall in rupee has stumbled the currency exchange market. However, even though the economy recorded a sluggish growth, the real estate sector wrote a tale of fortitude. The first 8 months of 2013, thousands of million dollar investment was recorded in the budget house in Chennai. The real estate sector was receiving a boosting funnel of investment from the private equity sector, said The Financial Express. The growth and demand of residential units in and around the city was thrived by commercial realty segment. In the year 2013, the major cities of India like Bangalore, Delhi, Mumbai etc chronicled major transaction in the commercial segment.

Residential Villas in Chennai Sees a Welcome Rise

Chennai has been touted as one of the vibrant city for real estate. In the year 2000, the turning point for the city came about with the setting up of many IT and ITES companies. This sector brings about many changes in terms of infrastructure across the city. With these sectors, young people are earning a huge sum of money as salary. Thus this let younger generation to look for luxury residential villas in Chennai. Also, many people look for hospitality, malls, International Schools, retails spaces, growth of civic infrastructure etc when buying independent villas.