The market here is made of conservative buyers who do not want to take risks. There is little to no speculation involved in this market. Most of the purchases made here are made by end users who are looking to use these properties for themselves. This is not to say that the market is completely devoid of investors. They are present but not in the numbers that would have a significant impact on the realty scene of the city.
Certain belts in the city are doing well while there is a slowdown of sorts happening in other belts. The Old Mahabalipuram Road is considered to be the biggest Information Technology hub in the city. At one point this belt ruled the real estate sector here. Currently it is one of the markets which is not seeing much real estate traction. The older micro markets are saturated. But the good news here is that the new micro markets are popping up along this corridor at relatively affordable prices. Though they might be further down the corridor, there are plenty of residential options available here. One should think about the long term and invest in these micro markets.
If you are looking for corridors of growth in the city then north Chennai and the Grand Southern Trunk Road are the markets you need to head to. Be it plots in Chennai or 3 BHK apartments for sale in Chennai, these two markets have plenty of options to choose from. Since these regions are on the growth path, the property prices in both the markets are in the affordable category. They are not too shabby on the infrastructural front either. They are well connected to many of the micro markets in the central business districts of the city. And there are plenty of infrastructure projects which are being planned in these areas as well which have added to the charm of these locations for buyers.
North Chennai was traditionally known to be the haven for blue collar workers. But the landscape is changing now. Plots in Chennai which are located in this area are gaining popularity among buyers. This is because they are very affordable. Demand for properties here is not limited to plots and land. There is good demand for flats here. Builders are buying up huge parcels of land in this region. They are coming up with huge projects at affordable rates which are not lacking in amenities. 3 BHK apartments for sale in Chennai which are located here are becoming popular among buyers because they are cheap.
Another area which is popular among buyers is the GST Road. This area is known to be the manufacturing hub of the city. There are affordable properties and plenty of them to บ้านมือสอง กรุงเทพ choose from. Many of the micro markets are well connected to the rest of the city as well.
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