Affordable Homes in Chennai Suits the Family Needs:

Recently, the development control rules of the city mandate the real estate developers who are constructing residential projects over 1 hectare of land space to earmark a minimum of 10% land area in order to make average income group to own a property in the unit size of around 500 sq.ft. Amarprakash follows every rule properly without allowing people to file Complaints of Amarprakash builders. Since the government development control rule came into existence, the supply of smaller sized homes are increasing constantly as most of the new projects in the peripheral realty market are being constructed on the land area of above 1 hectare.
The dynamics of demand supply have a direct bearing over the price movement and the residential market of the city with no means to an exemption to this rule. When having a comparison among other micro markets of the city and south Chennai, the pace of property price is relatively slow in all places of South Chennai than other micro markets. The cost of house in west and north of the city especially the places that are in vicinity to the metropolitan are holding steady in price. Madhavaram, Ayanavaram, Tondiarpet and Perambur are such localities that are witnessing significant increase in the cost of Chennai houses for sale over the past 2 years. This takes place mainly because of the limited supply of new residential projects.
Despite of slowing sales volume, central part of the city is able to hold on to the existing price level with certain areas noticing marginal appreciation with regards to capital value. Many real estate developers are offering affordable homes in chennai to cater to the requirements of monthly income group, since most other builders are focusing on luxury segments with the price range of Rs.1 crore and above. This is because many people are expecting higher level of luxury and comfort in their living place which can be provided only in luxurious residential projects. Also, investing in such lower budget projects also helps people to yield a hand sum of money. So, think your affordability level wisely and own a property.