With the developing infrastructure and improving position for the ease of doing business, Chennai is considered to be one of the largest commercial hubs of the India. It has turned into one of the best cities to live in India. The city’s exponential growth has made it one of the leading investment real estate hot-spots for investors as well as developers. Listed below are some of the reasons why Chennai is a leading realty market and one of the largest commercial hubs.
Fastest growing IT hub
Chennai is listed among the top 10 IT hubs of India. It is famous for its IT parks and multiple white-collar jobs offered. The developing city is a vital part the eminent IT corridor. It houses more than 50 leading IT-companies and numerous small-scale businesses. The rapidly growing infrastructure of the city has led to the development of world-class hospitals, schools, colleges, malls and much more. This has further boosted the interest of NRIs and potential home buyers to invest in both residential as well as commercial property in Chennai.
Reasonable property prices
Buying a home in Chennai is more affordable compared to buying it in Mumbai and other areas. With the city expanding its skyline to the fast-developing areas such as Nolambur, Mogappair, Oragadam, etc. it witnesses several new residential and commercial property projects in Chennai. Hiranandani is developing its very first integrated township project, Hiranandani Parks Oragadam, comprising both residential and commercial property in Chennai for sale.
Being one of the top metropolitan cities of India, Chennai ranked among the top emerging real estate destinations in India. The city is constantly prospering with its infrastructure and architectural developments. Chennai’s real estate market has turned out to one of the biggest money churners and it further continues growing rapidly.
Several reputed real estate developers have their upcoming realty projects in the city. Thus, one can expect a luxurious as well as an affordable lifestyle at the same time in Chennai.