Know the Locations in Chennai where Properties for Rs.40 lacs are available
Trend watchers who are living in Chennai feel that owning an abode is must for local people. But with increasing cost, a majority of purchasers
started searching for homes at reasonable price. The purchasers who are in the income list of Rs.50 thousand and above can only look for a house.
In this article, we are talking about buyers who are capable to pay Rs.9,000 to 30 thousand as EMI, said reviews about Amarprakash builders. For
such purchasers, owning a property is better than paying amount for rentals. But, nowadays, owning a house within affordability in Chennai is
difficult, but we have given the details about those areas.
In todays market, most purchasers start at small level. This means that homes that are reasonable are now taken into the buyers account. An
individual who earns more than Rs.1.5 lacs per month wont be looking just look for apartments priced high but also look for affordable houses that
wont compromise on the living standard. There are purchasers who are pursuing small business in the metro and made their move to the city. For
such people, studio apartment or 1 BHK flat is the right investment choice as it wont heavy the pocket. Here, we can have a quick search at the
property index which gives the list of areas in the affordably level. There are Kolathur, Urambakkam, Sithalapakkam, Kelakattalai, Navallur,
Chromepet, Madipakkam, Thiruverkadu, Iyyapanthangal, OMR, Poonamallee, Pallavaram, Medavakkam, Tambaram, Padur, Palikarnai,
Perumbakkam, Ambattur, Porur, Selaiyur and Potheri. These days, majority of the buyers are looking for 1 or 2 BHK housing units in the square feet
of 400 to 1200. With the exception of a few reliable builders, delivering of projects on time as per the design is possible while other builders who are
inexperienced are unable to do so.
An interesting facts revealed in the property index for the last quarter of 2014 is, some of the above said locations have surfaced in the list of top
favorite areas of the city. When asked people what they should check before buying a property? They said, budget, amenities and location are must
to check. Over the last 6 months, Northern regions of the city is been gaining attention of people and new properties is been unlocked. The real
question asked is about growth potential because the end-users and investors have to wait for the development of basic utilities such as schools,
hospitals etc to come in nearby area. Additionally, the experts advise people to go through a complete legal check about the property, whether
completion certificate and occupancy are given on time, construction quality, track record of the builder and whether the constructor is authorized.
Though these things are considered, cost is always important. Sometimes, it becomes difficult for the trend watchers to get a flat for Rs.20 lacs since
some people are looking for it. In current situation, less possibility is there for change in price correction.