The demand for real estate in Chennai is on top among commercial and residential properties. Yet, some significant factors that affects the buyers like, price and types of properties. In recent times, Chennai has experienced a huge demand of residential real estate properties, and the need for professional Chennai builders is growing. The real estate market has become highly organized market, which may seem realistic today. Many foreign companies setting up their operations in Chennai and committed huge investments in creation of both commercial and retail infrastructures in the metropolis.

Besides, large conglomerates from India and overseas today had invested hugely and this in turn had created many job creations in the city. Furthermore, the government also supports to this emerging urbanization hence, Chennai builders has successfully developing in various real estate projects such as, commercial, residential and retail projects in and across Chennai. In this way, there are many national and international companies are investing in the real estate market of Chennai. The requirement of residential properties as well as commercial properties in Chennai has increased.

Many of the leading builders in Chennai were acquiring required plots in some areas of Chennai such as, OMR, ORR and ECR, in order to develop residential and commercial real estate projects. Moreover, the areas where the land acquisition is taking place has seen a vast real estate appreciation over the years, which is beneficial for both builders as well as property buyers. Furthermore, it has become difficult to acquire empty land space in the core areas of the city, so few Chennai builders have targeted some of the outskirt regions such as areas near to Outer Ring Road in Chennai’s for developing residential properties in Chennai.

This in turn, had become easy for many working professionals, business people and students to buy residences in a good environment like ORR for ease of transportation and other advantages. In addition, by the driving demand for affordable and luxury residential properties, many investors have preferred these locations. Therefore, some trusted property builders in Chennai have developed numerous residential projects with the state-of-the-art facilities and amenities for the inhabitants.

Are you buying an under construction property? If so, then know about the important documents that you need to check your property developers in Chennai. As all of us knew that, buying a plot or home is one of a decisive task, which requires a lot of capital investment. Unless, one consider it as a vital point and proceed doing a thorough research and due diligence before doing any property investments.

Similarly, it is important to make sure of the real estate assets that you wish to buy is free from any disputes. Although, being specific about the capital appreciation of the property in the long-term, you must ensure to check all the following documents given below. It may be a property buying or booking, as a property buyer if you wish to buy any under-construction properties in Chennai, and then initially try to get your commencement certificate.

What Is A Commencement Certificate?

The corporation authority will issue a certificate of commencement to the builder. The certificate is a mandatory for any real estate developers in Chennai, as this certificate allows the builder to commence any building construction, which ensures that all the criteria has clear to proceed construction from the builders end. This commencement certificate is issued after obtaining the builders license, sanction letter and map permission.
Thus, the buyer of an under-construction property should always ask for the certificate of commencement that is been issued by the corporation authority of Chennai. In addition, getting this certificate proves that the property developer has undergone with all the rules and regulations, and ensures that there is no any legal disputes for the under-construction property you wish to buy or invest.

As there are several existing home project cases in the city, which later comes to the knowledge of the buyer that the projects are cancelled due to unlawful construction permissions.Thus, it is a mandatory task for any under-construction property buyer to check for the commencement certificate and other payment receipts against the property from the property developers in Chennai. As it is necessary for a buyer to be aware of all the legalities before investing on any real estate properties in Chennai.

In the current real estate scenario, most of a potential property buyer takes into consideration about the amenities and facilities that they get. The advice to property buyers while investing is to do an online search and choose the top developers in Chennai who provides an unexpected amenities and facilities. A property buyer who are looking for a well-developed living space with all the amenities. The upcoming areas adjacent to Chennai ORR is an ideal location. The suburban areas near the Outer Ring Road provides the best connectivity. In addition, for the past few years some reputed real estate developers in Chennai has emerged in creating many residential townships, which has been benefited many property buyers so far.

The suburban areas mostly buyers consider near the ORR such as Kundrathur, Thirumudivakkam, Thiruneermalai and Pazhanthandalam, which have been increasing as high scale in terms of residential and commercial developments. As a result, Chennai is a city of opportunities where people from various states migrate to Chennai in terms of job search, business or education. Although with these rising demand of luxury housing units many top developers in Chennai have come forward in created posh residential township homes with various amenities such as, clubhouse, swimming pool, fitness center, children play area, joggers track, beauty salon and much more.

What a Potential Investor has to do for living a stress free tomorrow?

A potential property investor, who had the interest of buying independent homes and apartments for their families, should first understand the investment and staying needs. As many real estate groups have launched their residential projects with all the facilities for the well-being of their residents. Although, by having a luxury home near the Chennai ORR, people experience good lifestyle of living, which also changes many of the inhabitant’s living standard.

Since, the needs of home seekers gets changed day by day, in today’s fast moving life, everyone manages to live a balanced life in their dream home. Besides all this, choosing the best location and top developers in Chennai is what an utmost important for a successful property deal.

Chennai, the capital city of Tamilnadu and one of the busiest city in the state, contributes enormous to the real estate sector. The city is in its level of vast growth in terms of residential real estate sector. The demand for homes and apartments in Chennai remains high all throughout the year. There are few prime areas in Chennai that offers many options for real estate buyers and sellers. Considering an apartment in Chennai, as noticed there are various price tags, which caters to various income groups in the society. Here are a few glance about the price tag of various types of apartments for sale in Chennai.

The Variation of Property costs between Urban and Suburban Areas

The localities like Chrompet, Kundrathur and Thirumudivakkam has 3 & 4 bhk apartments for sale in Chennai within 40 lakhs. However, the prices in some particular areas after Chennai Airport can shoot more price tag. Besides, for a higher range apartments in Chennai, look for other posh areas such as, Anna nagar, Adyar, Thriuvanmiyur and many more, where you can expect a 3 bhk apartment around the price tag of 50 lakhs to 1 Crore. Like other metro cities of India, the Chennai outskirts are also gaining a huge popularity among property investors. Properties near the Chennai ORR has many residential township projects that offers extremely affordable price rates.

Moreover, the real estate properties in Chennai have the added advantage in terms of infrastructural developments and the presence of several industries as well. The property costs are comparatively lower than the prime areas. Therefore, those who are planning to buy residential properties in suburban areas of Chennai have an advantage in terms of budget property buying. Besides, the real estate prices expected to see a huge rise in the coming years.