Chennai Properties Attract Investors

Chennai Property at Makaan.com

Chennai, the capital city of Tamil Nadu, has attracted many people to invest in Chennai property for sale. People are looking to buy property in Chennai for sale as the city is equipped with excellent infrastructure, stronghold in software sector, upcoming metro project. The upcoming Chennai Metro that is supposed to be developed in two phases has sparked an interest in Chennai properties for sale. The Chennai properties for sale around the Metro area have already witnessed a rise of about 15% to 20% in property prices. 

Over the years property in Chennai has shown a considerable appreciation but the return on investment has largely been depended on the area of the India properties. Chennai property for sale located at Central and South Chennai have offered high ROI's whereas North Chennai has not shown any major movement in property prices. In Central Chennai demand for residential property in Chennai for sale has outstripped supply. Overall Chennai property for sale has sparked a lot of interest from end-users as well as investors. Also since the city is the biggest industrial and commercial centre in South India many real estate player keep an close eye on the property in Chennai. Earlier buying a property in Chennai for sale was considered as a dead real estate investment clearly things have changed in the last few years with fast industrialization as well as urbanization. Today, the city is witnessing rise in the number of construction of luxury as well as affordable project.

Many companies have set up their factories, office and corporate hubs in the city. The city is fast become one of the most preferred location in India properties. With rapid change in infrastructure of the city the Tamil Nadu's capital city real estate sector is also seeing rapid movement in real estate inventories.