South Chennai records around 75% Housing Sales in the City

Are you planning to purchase a property in city like Chennai? If yes, then you can trot towards southern regions of the city as the region is bustling with huge residential growth. According to property news, it is revealed that around 75% of houses for sale in Chennai are coming in and around various places of southern regions. Some of the major areas that hold massive number of residential projects are Tambaram, Chrompet, Pallikarnai, Thiruvanmiyur, Kelambakkam and OMR.

Before looking for houses in Chennai South, one common question that leaves everyone puzzled is that why South Chennai? Is the reason just be IT revolution or is there any hidden fact behind this growth? Well, according to common knowledge, IT revolution in the city is the major reason behind the growth as since the entry of IT/ITES sectors, no locations within the metro went down the stairs in the price of Chennai houses. This sector has been a major channel for the development of residential market in the South. However, there is another reason that plays more to the success of Southern part of the city. Given below is the reason for increasing absorption of houses in Chennai for sale

 Northern regions of the metro have witnessed growth much before Indian independence. However, as years pass by, the area has become crowded. Due to over congestion, individuals find it difficult to buy houses for sale in Chennai North. Furthermore, many years ago, the locality gained a bad reputation of being highly insecure place, so still this image hasn’t went out of the minds of customers so no one is showing interest towards the Chennai houses for sale in Northern parts. Moreover, the north Chennai has no space for industrial developments.

In other case, South city is welcoming huge developments in industrial and manufacturing sectors. This brings huge scope for residential development with immense job opportunities. In addition to this, the area also holds huge land parcels which helps in constructing houses in Chennai South. 

Price Ranges in Southern Region

Let us take a look into the price of various places in South. 

When we talk about OMR, we can get a house ranging from Rs.20 to 80 lakh. Depending upon the affordability level, one can purchase a house of their choice. Also, large number of 2 BHK and 3 BHK houses in Chennai for sale are available here.  

If you are looking for a luxury home, then you can try out East Coast Road. This area is especially meant for the sales of 3 BHK and 4 BHK homes and independent villas. 

If you intend to buy Chennai houses for sale within the price bracket of 30 lakh, then you can look at Chrompet or Pallikaranai. These two localities offer ample housing choices and also many residential projects are lined up for possession. Tambaram, on the other hand, holds many ready to move Chennai houses at a reasonable price.