In Chennai some still talk about prime land in acres
The MG road is quite a feature that repeats itself in quite a few cities of India. It seems it originated from Chennai, the erstwhile Madras. And it here began the flourishing real estate boom. Chennai Real Estate Builders’ site provides a panoramic view of the Chennai properties market.
Accordingly, the number of high-rise building in the city is on the rise; real estate is booming and also the business. It states that there was no doubt a lull a few months back with stringent regulations from the Government, with cost of construction on the rise and availability of building sites scarce. But this no longer the situation as it builders say,” the swing is on the upward rise and it immensely favours the real estate builders.” They recommend buying properties in Chennai as also the trend indicates a buyers’ market.
The Chennai property news is that residential spaces are getting dearer by the day and so is the scope of commercial and retail spaces is big, as the builders agree.
The real estate builders record that big malls and commercial complexes in prime areas in the city are an in thing. Looks like the whole India is going malls way since the trend began in Gurgaon. Accordingly, Old ramshackle buildings built by the Britishers are fast giving way to supermarkets, providing the hustle and bustle of shopping and entertainment of a new kind for the over-indulgent customer.
Here is some solace for those grown weary of living an ‘apartmentalised’. Hold your breath as the information from the builders goes, “the current trend is to obtain atleast half an acre of land and go in for a small residential independent house rather than flats.” You bet. Here is the place where people can still talk about acres of prime land whereas the apartments in Chennai are for real commoners. And the good job is being done by the yeoman banking sector offering personal loans at your door step.
About Author:
Biaksh kumar is the contributing author to the http://www.indianrealtynews.com for distinct articles and news. Indian Realty news provides news on commercial and residential properties of various cities Delhi, Gurgaon, Mumbai, Chandigarh and Bangalore, Pune etc in India along with news on latest property investment, finance and property loan and laws in India.
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