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 Property in Chennai - Real Estate Chennai Discussion
Situated on the Coromandel Coast, Chennai was formerly known as Madras. This city is the capital of the state of Tamil Nadu and also holds the distinction of being fourth biggest metropolitan city of the country. Often referred to as the ‘Gateway to Southern India’, this city has emerged as a great destination for people looking out for opportunities in real estate sector. Chennai has emerged as a major challenger to cities like Mumbai and Delhi as it too has rushed in infrastructural projects like highways (often referred to as the golden quadrilateral of highways), railways, buses, and to top all this, is the proposed metro project which is bound to help the property sector in this city milk it to the maximum. The presence of Chennai international airport, which stands proud at Meenampakkam on GST Road is another golden spot which lures people to consider it as a place for potential investment. The areas that are seeing widespread growth are the OMR, GST, Maraimalai nagar, Guindy, Rajiv Gandhi Salai, Velachery and Taramani. Builder activity coincides clearly with the growth of economic opportunities that have brought people from all over the country here in search of jobs. Hence, the demands for both the rental housing options as well as the end-user friendly properties have seen an all time high. People have descended to this place to check on the property in city and the market is not disappointing anyone either with several builders luring consumers with dwellings that cater to different segments; so if there is a 1-BHK flat for one with limited spending power, then there are also high-end apartments and independent housing options that has also been lapped up by a thriving upper class. In short, Chennai is seen as a place that has something for everyone.