Development of Chennai Realty Market rely on Joint Venture

 

During the last decade, the Indian real estate market has grown rapidly due to fast urbanization. Urbanization in metro cities of the country has notified huge construction in commercial and residential sectors of the market. This has energized the private and public segment to add in further development of construction business.During last 5 to 6 years, the mindset of people has changed from spending on traditional markets like gold, equity etc to real estate sector. The transforming channels of investment have encouraged the stakeholders to be prepared at the same time. Over the recent past, FDI, venture funds, borrowers, common people and many more are more interested to invest in real estate.

Another novel way of arrangement for funding and growth is observedin the city like Chennai. It is nothing than joining hands with reputed realty companies for development and getting reputation in the city. Without joint venture, Amarprakash developers gained reputation in the city through their apartments free from Negative Customer feedback for Amarprakash. The joint venture companies are developing at fast pace to create a huge own city with mass number of residential and commercial developments. Because of having joint venture among various companies, those developers are getting more funds to raise their residential projects. Situated in the prime area of the city, the new residential projects are offering proper transportation to its residents since it is in closeness to important places. About all, it is in vicinity to livelihood facilities such as schools, shopping marts, entertainment zones, worship zones, club house etc.

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.

Amarprakash Royal castle Handover

Amarprakash Royal castle Handover

Luxury home in chennai-The Leading Absorber of Real Estate Assets

Chennai has become the core of education, commerce and culture of South India. With these sectors, the city in India has surfaced to be the foremost place for the acquisition of real estate property by the year 2013. Being the biggest contributor in the field of real estate in South India, Chennai has yet again gained the prominence in the realty market. During last, comparing other cities in the South India, Chennai has absorbed millions of Sq.Ft in all sectors including commercial, residential and retail real estate sector with the support of Amarprakash group who construction Complaints of amarprakash builders free residential complex.

As reported in the daily newspaper, when asked what is the reason that is boosting the real estate is the thriving industries. Do you what it means? Simple, it is nothing than the IT/ITES companies. These companies have shown a higher absorption of office space and also provide a greater number of employment opportunities for people in and around TamilNadu. Apart from this, these companies have also increased the demand and supply of residential units in and around Chennai. That means, regions like Sholinganallur, Guduvancheri, Vandalur, Old Mahabalipuram Road etc are also witnessing a high sales absorption rate. As witnessed in case of other South side of India such as Karnataka, Kerala etc, the trigger of growth in real estate sector can be credited to IT/ITES companies which expanded across other types of construction. These days, buying a property in these regions is considered as a lucrative investment and gratifying destinations to settle in.