Many people look to invest in real estate in Chennai as the sector is extremely affordable. Chennai properties recently saw the downside due to floods but now things are moving in favor of the city’s realty sector. Porur is one of the most popular areas in real estate in Chennai. People who are looking to buy Chennai properties which will give good returns look to buy property in Porur.
Three IT SEZs are going to come up in the area and so many people are buying a property in Porur as they expect property prices to rise significantly. The area has already given around 70% appreciation in the last 5 years. Many people are also buying flats for sale in Porur so that later they can rent a house and earn regular rental income. The IT SEZ will employ around 10,000 people so many people will prefer to rent a house in this area. Currently also several people look to rent a house here as the area gives easy access to MIOT hospital and Ramachandra Medical College.
At present, the average price for flats for sale in Porur is around Rs 65 lakh whereas the average price of a villa is around a crore. However for most people, flats for sale in Porur are a preferred choice of investment compared to other property in Porur due to lifestyle preferences. A property in Porur here can be bought for approximately Rs. 5,500 per square feet. This pocket of real estate in Chennai has given good returns in the past and it is expected that in the future too the area will give excellent results. Real estate experts believe that investing in Chennai properties can give god results as the market currently is onn an all time low and the prices of Chennai properties will again start rising soon.
Three IT SEZs are going to come up in the area and so many people are buying a property in Porur as they expect property prices to rise significantly. The area has already given around 70% appreciation in the last 5 years. Many people are also buying flats for sale in Porur so that later they can rent a house and earn regular rental income. The IT SEZ will employ around 10,000 people so many people will prefer to rent a house in this area. Currently also several people look to rent a house here as the area gives easy access to MIOT hospital and Ramachandra Medical College.
At present, the average price for flats for sale in Porur is around Rs 65 lakh whereas the average price of a villa is around a crore. However for most people, flats for sale in Porur are a preferred choice of investment compared to other property in Porur due to lifestyle preferences. A property in Porur here can be bought for approximately Rs. 5,500 per square feet. This pocket of real estate in Chennai has given good returns in the past and it is expected that in the future too the area will give excellent results. Real estate experts believe that investing in Chennai properties can give god results as the market currently is onn an all time low and the prices of Chennai properties will again start rising soon.
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