Sources say that Chennai city is
expected to have around 16,000 new residential launches across all
categories in 2014 which is higher compared to the 13,000 housing
segments launched last year.
According to Cushman and Wakefield (C&W) reports, the demand for the high end properties in the city is expected to rise again this year. This is due to the changing trend of customers expecting residential units with better amenities and advanced security features. As the projects are nearing completion, there will be over 16,000 houses available for possession which will increase the ready to occupy space in the Chennai real estate market. This will provide more options for home buyers.
Areas like Mylapore, Nungambakkam, R.A. Puram, Koturpuram, Poes Garden in Chennai are the busy localities that expect over 300 luxury project launches this year. Most of these high end projects are in the soft launch stage which is expected to have better sales. The launch of luxury apartments in Chennai have witnessed a 60 per cent dip year over year based on a Chennai real estate report.
However the mid range residential projects in Chennai are always on demand, provided good location and better amenities. Around 900 mid range residential projects are in pre launch stage in developing locations like R.A. Puram, Rajiv Gandhi Salai -II, Sriperumbudur etc., and expected to launch in 2014. Considering the upcoming general elections which may affect the real estate sales, C&W reports state that there is a changing real estate buying scenario observed in Chennai which will have no effect on political upheavals. The current slowdown of mid range apartment sales is expected to get better in the first quarter of 2014.
Home buyers in Chennai can find a variety of residential properties that offer better amenities in good locations this 2014.
Choose From 50000+ New Flats! With Complete Project Details:
According to Cushman and Wakefield (C&W) reports, the demand for the high end properties in the city is expected to rise again this year. This is due to the changing trend of customers expecting residential units with better amenities and advanced security features. As the projects are nearing completion, there will be over 16,000 houses available for possession which will increase the ready to occupy space in the Chennai real estate market. This will provide more options for home buyers.
Areas like Mylapore, Nungambakkam, R.A. Puram, Koturpuram, Poes Garden in Chennai are the busy localities that expect over 300 luxury project launches this year. Most of these high end projects are in the soft launch stage which is expected to have better sales. The launch of luxury apartments in Chennai have witnessed a 60 per cent dip year over year based on a Chennai real estate report.
However the mid range residential projects in Chennai are always on demand, provided good location and better amenities. Around 900 mid range residential projects are in pre launch stage in developing locations like R.A. Puram, Rajiv Gandhi Salai -II, Sriperumbudur etc., and expected to launch in 2014. Considering the upcoming general elections which may affect the real estate sales, C&W reports state that there is a changing real estate buying scenario observed in Chennai which will have no effect on political upheavals. The current slowdown of mid range apartment sales is expected to get better in the first quarter of 2014.
Home buyers in Chennai can find a variety of residential properties that offer better amenities in good locations this 2014.
Choose From 50000+ New Flats! With Complete Project Details:
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