The real estate sector in South India has seen the maximum number of sales out of the total supply in the affordable housing sector, when compared to mid-segment and luxury housing. Chennai property market is gaining momentum, since the unsold inventory has dropped in the city compared to all other metro cities, which will boost its residential real estate sector, especially in the affordable sector.
With the city offering choices across affordable, and luxury classes, the affordable housing segment has been witnessing steady demand on the outskirts. These areas consist of Perumbakkam, Valarpuram, Thalambur, Medavakkam, Sholinganallur, Avadi, Ambattur, Oragadam, etc. Being the end user driven market, where investors influence the valuing, around 60 percent to 65 per cent buyers choose these homes for self-occupancy. The availability of large land parcels and the rapid expansion of the city based on the growth corridors of industrial sectors turn out to be the reason for this demand.
When the industrial side of Chennai became institutionalized in the suburban markets, it opened up employment opportunities. These areas then witnessed the inflow of a cosmopolitan crowd, triggering the need for better infrastructure and lifestyle options in the peripheral regions. These pointers have helped changing the realty landscape and economic turnaround of a city like Chennai.
Shriram Properties, understanding the buyer’s sentiment and delivering a much needed enhancement to the suburban growth, has delivered its exclusive project at Valarpuram, a fast growing suburb of Chennai. The apartments Shriram Samekana– a part of One City has plenty to offer in the exuberance of healthy environs. This video explains why Shriram Samekana is the right place to make your life.