I am planning to invest in a property in Chennai. So, I asked my ex-colleague, a resident of Chennai, is it right time to buy property in Chennai? He said yes, purchasing real estate in Chennai now can be a smart investment given current trends. The city's real estate market has a strong chance of appreciating in value. Let me share more reasons about it.
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Property Prices in Chennai
My ex-colleague informed me Chennai's rising popularity as a major residential and business center has contributed to an increase in property values in the city.
High rates are demanded in desirable neighborhoods like Anna Nagar, Besant Nagar, and Velachery.
The exact value varies greatly based on the neighborhood and type of property.
A 3BHK flat in Chennai costs about Rs. 2.9 crores, although luxury homes in desirable areas can command considerably higher prices.
Why Buying Flats in Chennai is a Smart Move?
He told me to get a house in Chennai right away for the following reasons.
Stabilization of prices and moderate growth (A 5 to 7% rise in citywide real estate prices.)
Increasing demand for flats in the mid- and upper-range apartments.
The city's developing neighborhoods are becoming more and more alluring to developers and investors.
Enhanced connectivity and infrastructure, such as the Chennai Metro Rail Phase II and other road projects.
Also, the main thing is Chennai has a robust rental market. It provides investors with a steady flow of rental income, particularly in well-connected areas.
I therefore planned to explore a few projects before making an investment here.
Also check:What are the Property Buying Rules?
How to Buy Bank Auction Properties in Chennai?
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Is It Right Time to Buy Property in Chennai?
Sarthik99
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22 days
2025-04-29T16:36:24+00:00 2025-05-10T12:31:27+00:00Comment
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