Will flooding affect the prospects of property in Madurai? Over the last few years, property in Madurai for sale like flats in Natham has given good returns. The city of Tamil Nadu has emerged as a strong real estate destination among all the Indian Tier II cities. Madurai property has seen a steady real estate growth. Also the rental values of Madurai property have seen a surge.
But many people are now wondering if the trend will continue for Madurai property like flats in Natham post flooding? Madurai was the city of tanks, rapid urbanization and development led to encroachment of tanks, so flooding is an eminent treat to the city. Although the current flooding in Tamil Nadu has not led to much correction in prices of property in Madurai for sale but the scenario might change soon if the city does not do much on this front.
The emergence of the IT industry has brightened the prospects of property in Madurai. Property in Natham is also attracting much attention. Also at least two SEZ are coming up in the region this has also led to increase in interest of property in Madurai for sale like property in Natham. As all this development would lead to job creation prospects the demand for property in Madurai will increase soon.
However things must be done to but encroachment of tanks into check. Tampering with the city’s eco-system might prove harmful for the city. The city is becoming a concrete jungle and there is no proper drainage facility. If things are not taken care of soon the city might face a ghastly situation. Currently, the existing drains are insufficient to function as flood carriers, proper infrastructure must be developed as soon as possible only then will be city and property in Madurai grow and prosper.
But many people are now wondering if the trend will continue for Madurai property like flats in Natham post flooding? Madurai was the city of tanks, rapid urbanization and development led to encroachment of tanks, so flooding is an eminent treat to the city. Although the current flooding in Tamil Nadu has not led to much correction in prices of property in Madurai for sale but the scenario might change soon if the city does not do much on this front.
The emergence of the IT industry has brightened the prospects of property in Madurai. Property in Natham is also attracting much attention. Also at least two SEZ are coming up in the region this has also led to increase in interest of property in Madurai for sale like property in Natham. As all this development would lead to job creation prospects the demand for property in Madurai will increase soon.
However things must be done to but encroachment of tanks into check. Tampering with the city’s eco-system might prove harmful for the city. The city is becoming a concrete jungle and there is no proper drainage facility. If things are not taken care of soon the city might face a ghastly situation. Currently, the existing drains are insufficient to function as flood carriers, proper infrastructure must be developed as soon as possible only then will be city and property in Madurai grow and prosper.
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