Category: home buyers guide
Should you invest in property in Chennai now?
If you have been looking at various investments and are wondering where you will get the best returns with the promise of security, read on. The answer is real estate. Chennai on the cusp of growth and investing now will give you stability for today and a great future ahead.
GROWTH FACTOR 1 – INFRASTRUCTURE
Chennai’s boundaries have been extended and along with these, there has been a spurt in investment in the necessary infrastructure to support this. Investments have been poured into infrastructure projects of the city such as the Chennai Metro Phase 2, peripheral ring roads, and the upcoming industrial corridors. These will further boost realty prospects across the city.
GROWTH FACTOR 2 – APPRECIATION
The fast-paced growth in residential property prices is a sign that you should strike while it's hot and get the best deal. A look at residential price trends over the past five years shows that average residential prices in the city have witnessed a 38% rise in the last five years – from Rs.4000 per sq. ft. in Q3 2018 to nearly Rs 5,300 per sq. ft. in Q3 2023. Another interesting trend is the demand for luxury housing.
GROWTH FACTOR 3 - REPO RATES
Unchanged repo rates encourage more people to invest in residential property. Investor confidence rises and this stimulates demand. Stable interest rates make home loans more affordable for buyers, and this lets them borrow at relatively lower costs.
GROWTH FACTOR 4 – REPUTED DEVELOPERS
Developers who have built a name for themselves through their quality offerings and design have come up with new projects. Their track record builds trust and credibility among homebuyers and investors. Their strong market presence and innovative products make them much sought after.
GROWTH FACTOR 5 – BUDGET PROJECTS
Everyone dreams of owning a home of their own. Major builders have come up with a slew of projects that provide quality on a budget. Gated communities offer many other lifestyle amenities such as play areas for children, walkways, club houses, recreation spots such as swimming pools and more. These amenities add value to the property.
At Silversky Builders, we understand the pulse of every customer. We had launched a range of projects featuring apartments and residential villa plots that have been very successful. The choice of strategic location for every project makes it accessible to shopping, education and hospitals. we not only offer properties that are hot on the appreciation front right from day one, we offer exciting lifestyle amenities too.
Don’t miss the bus! Act now!
GROWTH FACTOR 1 – INFRASTRUCTURE
Chennai’s boundaries have been extended and along with these, there has been a spurt in investment in the necessary infrastructure to support this. Investments have been poured into infrastructure projects of the city such as the Chennai Metro Phase 2, peripheral ring roads, and the upcoming industrial corridors. These will further boost realty prospects across the city.
GROWTH FACTOR 2 – APPRECIATION
The fast-paced growth in residential property prices is a sign that you should strike while it's hot and get the best deal. A look at residential price trends over the past five years shows that average residential prices in the city have witnessed a 38% rise in the last five years – from Rs.4000 per sq. ft. in Q3 2018 to nearly Rs 5,300 per sq. ft. in Q3 2023. Another interesting trend is the demand for luxury housing.
GROWTH FACTOR 3 - REPO RATES
Unchanged repo rates encourage more people to invest in residential property. Investor confidence rises and this stimulates demand. Stable interest rates make home loans more affordable for buyers, and this lets them borrow at relatively lower costs.
GROWTH FACTOR 4 – REPUTED DEVELOPERS
Developers who have built a name for themselves through their quality offerings and design have come up with new projects. Their track record builds trust and credibility among homebuyers and investors. Their strong market presence and innovative products make them much sought after.
GROWTH FACTOR 5 – BUDGET PROJECTS
Everyone dreams of owning a home of their own. Major builders have come up with a slew of projects that provide quality on a budget. Gated communities offer many other lifestyle amenities such as play areas for children, walkways, club houses, recreation spots such as swimming pools and more. These amenities add value to the property.
At Silversky Builders, we understand the pulse of every customer. We had launched a range of projects featuring apartments and residential villa plots that have been very successful. The choice of strategic location for every project makes it accessible to shopping, education and hospitals. we not only offer properties that are hot on the appreciation front right from day one, we offer exciting lifestyle amenities too.
Don’t miss the bus! Act now!
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