The average income of Indians is going up every year and it is no surprise that we are now demanding world class amenities within the comfort of our own city.There is no exception to this rule and plush that luxury apartments in Chennai are now coming up rapidly at different parts of the city.
Green landscaping, central air conditioning, electronic access, swimming pools with Jacuzzis, recreational centers, etc are some of the common value additions in these luxury apartment buildings.
This has also led to the concept of townships becoming fashionable in Chennai, due to ever increasing demand for luxury homes in Chennai. Customers are willing to pay that extra cost in order to realize their dream of a luxury home and builders are ready to oblige.
Integrated townships provide high-end amenities and have apartments of various sizes and prices that can fit into your budget. A township includes all the basic social facilities required – such as schools, hospitals, shopping malls, recreational centers, etc within the complex itself. Premium villas and penthouses with beautiful landscapes housed within these townships are much in demand among the elite rich.
* Fitness centers
* Spas
* Walking areas
* Children’s play areas
* Fully automated homes
* Party halls
* Clubhouse
* Gymnasium
* Swimming pools
* Servant rooms
… and much more.
If you are willing to invest and are looking for a luxurious lifestyle, it is easy to find your home in Chennai. The city is definitely turning out to be a hot place for Luxury apartments!
We’re presenting Kalpa Vriksha, spacious apartments in Karapakkam ranging from 880 to 1502 sq ft. Located right behind MARG Junction Mall, the largest upcoming mall in South Chennai. And set in the hub of IT majors like lnfosys and Cognizant, to name a few – Kalpa Vriksha is more than a wish granted.
Chennai’s real estate boom is simultaneously witnessing a spurt in the number of malls sprouting in key growth areas.
Earlier Spencer plaza, mount road was the only mall people frequented however times have changed now. With expansive growth in residential properties across Chennai, malls are being constructed at different suburbs. This is wonderful news, as people living in different corners of Chennai need not commute to one single destination for shopping. Malls with Multiplexes, food courts, ATM, leading brand showrooms, beauty salons, super markets, business centers, restaurants etc will soon be accessible to all.
Some of the malls in Chennai include:
· Marina Grand Mall, Egattur, OMR
· Prestige Forum Mall, Arcot Road, Vadapalani
· Spectrum mall, Perambur
· Shriram Properties Mall, GST Road
· Estancia Mall, Vallancheri, GST Road
· DLF Mall, Velachery High Road, Guindy
· DLF mall, C-In C Road, Egmore
· Phoenix, Velachery
· Ozone Group Mall, Koyambedu
· PS Group Grand Chennai Mall, Velachery
· Hiranandahani Mall, Navalur, Egattur, OMR
· Skycity Multiplex, Vanagaram
· TVH Mall, LB Road, Adyar
· Matrix, Vadapalani
· Grand Venus, PeramburA
· Ampa Skywalk, Poonamallee High Road
· Chandra mall, Virugambakkam
· Coromandel Plaza, Siruseri
· Ramee Mall, Anna Salai
· Chennai Central, Nungambakkam
· Express Avenue, Royapettah
· Citi centre, Beach Road
· Abirami mega Mall, Purasawalkam High Road
· Globus, T Nagar
· Ispahani Centre, Nungambakkam
· Spencer Plaza, Mount Road
· MARG JUNCTION, OMR
Every mall in each of these locations attracts visitors from all the neighboring localities. Also, with the mall culture catching up in Chennai people will soon mall hop to experience other malls.
Just as the demand for hi end residential property is increasing consumers today look for a good shopping experience. With a buoyant job market, adequate disposable income, improving lifestyles, and increasing entertainment centers, Chennai offers a plethora of choices when it comes to both housing and shopping.
It is interesting to note that the growth of the new urban cool residential properties is in line with the changing lifestyles of people in Chennai. After all when people live in state of the art apartments/houses can lifestyle options be far behind?
Sentiment, that’s the primary reason why most Non Resident Indians invest in Chennai. For most NRI’s living abroad owning a piece of property in their hometown, a place where one was born and brought up is an emotional decision. It is especially important to first generation NRI’s who miss Chennai. Then there are returning NRI’s who wish to come back and live a comfortable life in Chennai. There are some NRI’s who continue living abroad therefore prefer to invest in luxury properties in Chennai so they can use it as a vacation home.
The purposes maybe different but increasingly NRI’s are investing in properties in Chennai. Those returning Non Resident Indians who want to live in Chennai look for residential apartments that have comprehensive amenities and safety features required for a comfortable living. Some NRI’s residing abroad look for opulent homes with absolute luxury; a property that can be used as a vacation home and eventually be used as a retirement home.
In the Chennai property market the average investment pattern seem to be properties priced between 40 and 80 lakhs. However, some invest in hi end properties priced between 1.5 cr and 2 cr. And a small percentage of the NRI population invests in properties above 2cr Indian rupees.
The natural choice for most NRI’s is their hometown, in cases where it is a second property investment then places outside Chennai like hill stations and two tier cities are considered. But for a good majority because of accessibility buying a property within Chennai is top priority.
To many, property investment in Chennai is a good, stable and risk free investment for the future; to some others it s a lifestyle statement and a reflection of one’s success!
