Apartments in Chennai

Chennai, the city soaked in cultural and tradition, is welcoming the changes in its society. And rapid industrialization and addition of various sectors in Chennai’s economy is making the city attractive to real estate investors. The numerous IT hubs coming up in the city has subsequently led to the demand of property. Real Estate Chennai saw the rise of residential and commercial segment. Apartments in Chennai near the office spaces are selling like hot cakes. 

The Government of Tamil Nadu started policies for the improvement of realty picture way back in 2005. It gave special importance to develop office realty focusing on the IT and ITES sectors. The IT corridor Project and the TIDEL Park are two good examples in this segment. Land prices in Chennai have gone up tremendously in the last few years as more offices spaces are coming up. Lack of space in Chennai is also forcing many developers to target destinations close to the city. The city of Madurai has seen many IT parks coming up. Most of these projects are close to the ring road and facilitates transportation. 

Another stretch is the Rajiv Gandhi Salai, which is between the Madhya Kailash Temple Junction and the Siruseri. This area also witnessed development of many IT parks. With many companies opening offices here, this stretch soon became the center of the IT revolution. 

The property developers are also coming with residential projects that are close to these office areas. National property developers and local builders are developing the areas and offering affordable as well luxurious apartments in Chennai. Mostly the buyers are from the IT companies, though others are also showing interest. These residential projects have all the modern amenities. Round the clock security and power back up features in almost all the residential projects coming up.