Real Estate Prices - Chennai
The following is a piece contributed by Raheja Assoiates, one of the premier real-estate brokers in Chennai.
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The real estate market in Chennai is on the upswing thanks to the IT Boom and the number of manufacturing industries preferring Chennai as their destination point. A number of new companies such as Flextronics, Nokia, Motorola etc. have chosen Chennai to set up their factories. Along with them, a number of subsidiaries have also come into Chennai. This has helped the real estate industry to grow from within the city limits to the outskirts.
Some of the fast-growing areas where one could think of an investment are Sriperumbudur, Maraimallai Nagar and the IT Corridor (Old Mahabalipuram Road). The land prices in these areas have more than doubled in the last six months . One could also think of an investment on the East Coast Road close to the sea but beyond the 500 meters guideline.
Some of the prevailing prices for brand new apartments in the prime areas are:
- Boat Club Road: Rs.12000 to 15,000 per sq.ft.
- Poes Garden: Rs. 10000 to 12,000 per sq.ft.
- R.A.Puram: Rs. 7000 to 7500 per sq.ft.
- Harrington Road: Rs. 7500 per sq.ft.
- Adyar: Rs. 5500 per sq.ft.
- Kilpauk: Rs. 5500 per sq.ft.
- Thiruvanmiyur: Rs. 4500 to 5000 per sq.ft.
- IT Corridor: Rs. 3200 to 3400 per sq.ft.
For further information please contact Raheja Associates at www.rahejas.com.
I hope this article will help those of you seeking to make investments in property. Do you think I should make it a regular feature? Please leave your comments to let me know.
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I have relocated to U.S for a few years and was busy running around closing my stuff down in Chennai with no time to blog - which brings me to property prices in Chennai. When i bought my apartment late 2000 at Adambakkam (near guindy) in Chennai, i paid 1200 per sq feet. At that time, there were no good flats available on the IT corridor - one i saw was selling for 900 per sq feet !!. Now the selling rate of my apartment is around 2600 per sq feet. A new block of apartments coming in the adjacent plot to my apartment is selling for 3000 per sq feet.
However, I'm a bit worried about this kind of price inflation - i think there is a lot of speculation going on and someday, it is going to crash.
Look at the rents that you can get for example - i had to rent my apartment out at 7000 Rs per month - which does not co-relate to the cost of the apartment at all.
Regards,
Prasanth
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Home collection loans from various lender one can easily apply for it with help of online facility .inn this online mode one can also finds suitable lender who will provide money to them at affordable interest rates by which it became easy for them to repay amount borrowed in time. http://www.homecollectionloans.co.uk
90 day loans no credit check now with this unique cash solution and overcome cash emergencies! On the other hand, this loan is classified into two types- secured and unsecured loan. According to your financial needs, you can choose any form of loan. For getting applied for this fantastic loan, you don't need to go anywhere because it can be applied through online mode. www.90dayloansbadcredit.com/90-day-loans-no-credit-check.html
Instant text loans solve all your basic needs and for that you just have to send a message and the money is instantly transfers into your account. These loans have been designed for the convenience of needy people so that they can opt for the loan service just by using their mobile phones. These types of loan facilities are very popular in UK and are especially designed to tackle ongoing economic problems of the family with an effective and efficient way. textloans1-2-3.co.uk
No fee loans are fairly easy to apply and get approved using the quick online application method. A few clicks and funds will transfer into your checking account for an instant access. The greatest advantage of availing these loans is that the entire process of application for these loans are completely hassle free and free from the unnecessary documentation, paperwork and faxing. These are basically short term loans. www.nofeeloans.org.uk
12 month loans are approved to you not with standing you a poor credit holder. These funds are totally free from formalities. These are merely meant to help a borrower in short quantity of it slow. These are short term credits. Now quantity is additionally highly useful for someone in meeting all the necessities in time. installmentloans12month.co.uk
Text message loans are hassle free help of finance for the short period of time. Therefore, the borrowers do not have to fax of any sort of papers to the lender regarding obtaining the last minute funds. The salaried people need to submit the post-dated cheques along with the filled up loan application form. Thus, the applicants are allowed for getting the last minute funds within a day. The lender does not look into the credit of the borrowers also. 2minutestextloans.co.uk
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12 month loans are source of easy cash for urgency in the same day and without credit checks. You can repay the loan amount on any day in twelve months. To avail these loans you need to be in a job that pays you monthly salary regularly for at lest past few months. You should also have a bank checking account to your name. Fax your employment and monthly salary as well as residential proof to the lender. 3-6-12-month-loans.co.uk
Bad Credit Short Term loans are actually very easy to get simple cash advances. These are sanctioned immediately. You may get the money approved over internet too. In this case, as a borrower you have to just click on the website of the lender and fill in a small application form. http://www.badcreditshorttermloans.net
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Loans no credit check are here to support you with comfort. There is an array of loan services available in the loan market and all of them are fully dedicated to support you in your poor financial conditions. You don't need to afraid of any cash scarcity that happens to all of a sudden and you want to meet it as soon as possible. http://2minutestextloans.co.uk/loans_no_credit_checks.html
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Check less loans is available in secured and unsecured form for to the borrowers. For secured loans, you have to place security so as to get the loan amount at lower rates. As per the name suggests unsecured loans, you don't have to place any security. http://www.checklessloans.net
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90 day loans for bad credit are arranged as the secured and unsecured deals and people are offered financial support as they want. One is not asked to use security against the finance if he decides to borrow the unsecured option. The only drawback of this deal is that it comes at high interest rate and so, people have to bear only this fault. http://www.90dayloans.me/90-day-loans-for-bad-credit.html
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