What is fueling real estate in Chennai?
The exponential growth of real estate in Chennai (residential and commercial including) is a clear indicator of the favorable living conditions of the city. Despite the scorching summer heat, Chennai is the most preferred location for outsiders as well as insiders to settle down in, because of its high literacy rate, safety, and rich traditional and cultural value. The high number of migrants in Chennai has caused it to become an up and coming cosmopolitan thus making it a favorable choice for many MNC's.
The Central Business districts like Anna Salai, T Nagar, Parry's Corner, Nungambakkam has already brimmed up to its capacity, causing the commercial real estate to shift towards opting the other parts of the city like Vadapalani, Kodambakkam, Porur. For the Residential buildings, areas like Tambaram, Porur, ECR, Adyar, Gopalpur, OMR has been filling up as soon as the building rises. OMR being the city's IT park, the places adjacent to it like Siruseri, Shollinganalur, Karapakkam, Thoraipakkam has recently been a major contributor to the growth of residential realty as well, because of its good connectivity, lower rent and accommodation cost. However, the traditional important places of Chennai like Vepery, Nungambakkam, Egmore, Nandanam the cost of properties has always been high and is in no hurry to come down. But because of its prime location, it will always be in demand for both commercial and residential purposes. To conclude Chennai has been an encouraging real estate market for both consumers and merchants. And it is moving up, with the upcoming youth population, there is an easy assurance of more immigrants and the natives as well.
Arun Excello a popular and renowned name in the Chennai real estate market has several ongoing and completed projects. The compact homes project is the most popular amongst them that caters to need of many people from various income groups and enables their dream of becoming a homeowner at a reasonable price. With Arun Excello having their projects at prime locations like Oradagam, Tiruporur, Chengelpet, Singaperumailkoil they are in high demand of occupancy as ever. The reason being, the projects situated at proper and places with good connectivity at reasonable pricing.
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