Currently, real estate in Chennai has recorded a huge growth in both residential and commercial market. However, today South city has become popular for its growth and property market. With its growth, South region has completely overtaken north in terms of real estate. Though both south and north are not of more difference with regards to culture and geographical matter, South city became a superior residential hub with the establishment of Amarprakash projects. Mostly, their projects are found in south because the particular region is developing vastly offering better connectivity and other fundamental amenities. The residents won’t find Amarprakash builders complaints across the premises since all the issues are properly taken care by the developer.
However, the north has started to figure out high sales in property over past few months with many leading developers have entered the area meanwhile. The area is further enhanced with the development of many civic amenities which boost connectivity and promote easy traveling. Connectivity will be improved with the completion of Outer Ring Road and widening plan of Ambattur-Avadi. After the completion of these two projects, commercial and residential development is expected to be high in this region. Despite hurdles, north is the region where the city has its root with lots and lots of historical buildings. As the metro expanded southwards, northern region started to disappear slowly particularly in real estate market.
Why north city became secondary choice for people? Initially, the region has been a house for warehouse and industrial developments because of its closeness to port. But in recent times, south has been witnessed quality infrastructure growth resulting in property sales within the pockets. Recently, north lacks in quality residential growth which causes slowdown in real estate activity. In certain locations like Perambur, Tondiarpet, Mint etc, the residential activity has been restricted completely. Currently, these areas are now housing high rise apartments and major industry giants are now being established on these parts of the metro. Earlier before few decades, the region registered 15-20% of building activities, but now 30-35% is witnessed with many builders queuing up with mega-raised projects.
Apart from the demand for flats, high-rise buildings are also more popular in residential areas like Kilpauk, Kellys, Mogappair, Purasaiwalkam and Anna Nagar. But these locations are very expensive so one need to have Rs.60-90 lacs for getting a 2 BHK asset. Those who are unable to afford properties in these areas are now shifting to south. The trend of luxury properties are catching in some of the locations like Tondiarpet and Ambattur. Nowadays, people are attracted towards northern regions due to improved infrastructure and better connectivity. These two features added the advantage for the location. However, the customers found here are mostly first-time investors.
However, the north has started to figure out high sales in property over past few months with many leading developers have entered the area meanwhile. The area is further enhanced with the development of many civic amenities which boost connectivity and promote easy traveling. Connectivity will be improved with the completion of Outer Ring Road and widening plan of Ambattur-Avadi. After the completion of these two projects, commercial and residential development is expected to be high in this region. Despite hurdles, north is the region where the city has its root with lots and lots of historical buildings. As the metro expanded southwards, northern region started to disappear slowly particularly in real estate market.
Why north city became secondary choice for people? Initially, the region has been a house for warehouse and industrial developments because of its closeness to port. But in recent times, south has been witnessed quality infrastructure growth resulting in property sales within the pockets. Recently, north lacks in quality residential growth which causes slowdown in real estate activity. In certain locations like Perambur, Tondiarpet, Mint etc, the residential activity has been restricted completely. Currently, these areas are now housing high rise apartments and major industry giants are now being established on these parts of the metro. Earlier before few decades, the region registered 15-20% of building activities, but now 30-35% is witnessed with many builders queuing up with mega-raised projects.
Apart from the demand for flats, high-rise buildings are also more popular in residential areas like Kilpauk, Kellys, Mogappair, Purasaiwalkam and Anna Nagar. But these locations are very expensive so one need to have Rs.60-90 lacs for getting a 2 BHK asset. Those who are unable to afford properties in these areas are now shifting to south. The trend of luxury properties are catching in some of the locations like Tondiarpet and Ambattur. Nowadays, people are attracted towards northern regions due to improved infrastructure and better connectivity. These two features added the advantage for the location. However, the customers found here are mostly first-time investors.
