Chennai: From Plots and Flats to Integrated Townships

CHENNAI: From Plots & Flats

to Integrated Townships

Flats and Plots have always been hot Real Estate properties in Chennai that

promise assured big returns. Chennai represents a very robust Real Estate

market. Gone are the days when properties were bought for the sake of

investment. Today, a home is more than just a piece of investment. It is a

place that is synonymous with your lifestyle standards. It is a place you want

to come back to or invite friends and family over. It is a self-sufficient hub that

allows the buyer or occupant enjoy all amenities without the need to step out

of the compound.

From Apartments to Townships

With time and lifestyle change, requirements and preferences of Real Estate

investors are also changing. These changes reflect on Real Estate properties

as well. Real Estate builders, international and domestic are propelled to cater

to the dynamic requirements of investors today. A few years ago, buyers

wanted swimming pool and children’s play area in their apartment space.

There was a flurry of apartments in Chennai that were constructed catering to

this need. A few years later, people’s interests moved from them to luxurious

projects and hence a number of villas and farmhouses lined the suburban

regions of Chennai. Today, the demand is for a self-reliant and well equipped

township that symbolizes community living of the west.

Why Townships?

Townships have emerged as a popular style of living today in Chennai.

However, land availability for such big projects can be seen only in the

suburban regions like OMR, Sriperumbudur, ECR, GST Road and the likes.

Premium Real Estate builders have commenced construction projects in

these regions and the upcoming or recently completed township projects are

green buildings that comprise state-of-the-art hospitals, good international

schools, modern restaurants, sophisticated business hotels, well equipped

retail centers, recreation complexes, private helipads, fitness centers and

pharmacies to make them a mini city in all respects.

Also, the shift in preference from plots and flats in Chennai to townships also

stems from the fact that townships in the city are located in close proximity to

the workplaces thus putting an end to the issue of traffic and commute that is

so symbolic of every metropolitan city in India. Further infrastructural progress

in these suburban localities enhances their appeal and potential triggering a

larger number of investors to invest in them consistently. With consistent

demand, more and more premium Real Estate builders are constructing such

l uxurious projects accelerating economic standards of Chennai.

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