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Future of investments in Chennai!

May 16, 2018 | Admin

Future of investments in Chennai!

Capital of the state of Tamil Nadu, Chennai is widely recognised for more than few factors. Located in the Coromandel coast, off the Bay of Bengal, this is one of the most-visited tourist destination in India. The city has a rich heritage filled with cultural influences and musical traditions. Today this city is part of the flagship Smart City Mission, started under PM Narendra Modi.

Chennai has the fastest growing manufacturing industry comprising of automobiles, textile and hardware to medical facilities. Software services have also entered the city grounds and theTamil Film Industry is also based here. With so much to give the city has turned into one of the biggest economic, cultural and educational centres in Southern India. The huge residential demand of the city makes it home to a large variety of properties ranging from plots, apartments, villas and more. Investors can choose to invest during planning, construction or after completion of a project.

Though the last few years of the Chennai’s real estate market was rather slow due to the high property rates and climbing home loan interest rates along with a slow rental market. But, the city has picked up pace and investments made in a property in Chennai are deemed to bring in profits. The cities growing infrastructure and better connectivity is aiding to its rapid growth and turning it back on course of an investment hotspot.

The residential destination of Perumbakkam

Located near Chennai’s IT corridor, Perumbakkam has developed into a preferred residential destination of the city. The region is still in its development phase making it an affordable and serene corner of the city. The roads and public transport systems of the region offer connectivity to the surrounding areas.

The locality is in close proximity with the IT corridor of Chennai. Prominent zones in its vicinity include, Cheran Nagar, Indirapriyadharshini Nagar and Vengaivasal. Any interested home lover can easily own a property in Perumbakkam at rates ranging from 4,000 per sq.ft. to 4,500 per sq.ft. in varieties ranging from low-rise buildings to high-rise complexes and grand townships. A 1000 sq.ft. 2 BHK flats in Perumbakkam costs about Rs. 50 lakhs.

Counting on the pros and cons of living in this area, one is blessed with huge employment opportunities and several prominent schools in the region. The sewage treatment, and still developing infrastructure remain a bit of a challenge when living in this area. The future prospects of region are high and with further development the cost per square feet shall rise.

About Ozone Greens

The iconic real-estate brand of Ozone Group is developing an extravagant township project named Ozone Greens in Perumbakkam, Chennai. The venture incorporates expansive apartments in sizes ranging from 651 sq.ft. to 2570 sq.ft. These units are available in configurations of 1, 2, 2.5, 3 and 4 BHK sets. The prices of these apartments range from Rs. 29.29 lakhs to Rs. 1.15 crores. Residents of the apartments are provided with car parking and a 3-tier security system. The complex has provisions for power backup facilities and constant water supply. Amenities offered in the project compound include, clubhouse, meditation centre, ATM, restaurant, multipurpose hall, kids’ play area, swimming pool, gymnasium and more.

 

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