Plenteous of Properties in Chennai Launched This Year

Chennai, a tier I city of India, has witnessed a number of things happening on real estate front. While other metros like Mumbai, Gurgaon, and Delhi have found themselves in the clutches of economic crisis and inflation, Chennai has managed to progress at a good pace in terms of realty market. A number of launches have seen light of the day here. Some of the reputed developers and builders have floated their high-end projects in the city. The demand for office spaces, according to the research firm Jones Lang LaSalle. Top-class offices have been opened in IT-backed localities. A series of projects have been initiated in Central Business District(CBD).

Several eminent office-centers have been launched , and most of them have kept economization of space in consideration. On the similar lines, realty companies have continued witnessing the demand for leasing spaces. In residential sector too, properties in Chennai have seen a steady growth. Though the absorption rate is not too high, yet the big banners have rolled out several projects in different parts of the city.

 

Let's have a look at some of the new launches that Chennai has seen lately. Real Value Promoters have come up with their apartments in Chennai in the plush locality R. A. Puram. The residential project comprises of 18 luxury flats laced with several mod cons, including panic rooms, 7 level security system, 4D movie lounge, and banquet halls. This shall be one of the most expensive projects that shall consist of spacious apartments in 14-20 crore range.

Artha Homes has rolled out its set of elegant and sophisticated flats under the name 'Crystal Park' at Old Mahabalipuram Road (OMR). It shall have 2 and 3 room flats, occupying area range between 1200-1660 sft. Ananda by North Town Estate, has 1, 2 and 3 BHK flats, designed with contemporary architecture. Yet another project that saw light of the day is Verterra by Primex Infrastructure. The 1, 2, 3 room apartments flats are environment-friendly and emit minimum pollution.

Makaan.com, the eminent search property site, lets you search flats, villas, bungalows, farmhouses in different Indian cities. Apartments in Chennai are available for buying and selling. Look for price trends for Chennai real estate, on quarter to quarter basis.