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Chennai’s emerging real estate 2022

This pandemic situation has led to economic unpredictability across various sectors in this modern world which includes the real estate sector. Chennai city’s realty sector has been strong steady growth since September 2021. Real estate is at the top because of three main important factors lowered rate of interest, demand translating, and a reason to own a new home.

Because of these results has been increased sales and this is expected to continue in upcoming years as well.

Technology Development

Where culture meets the technology, Chennai is rich in cultural heritage with reach modern technology. Day-by-day IT sector expands its path in Chennai especially on the outer side of Chennai city. The areas like Guduvancheri, Poonamalle, etc

The plots which are in the outer part of Chennai be pocket friendly, so most of the IT employees focus on buying a new individual home for their own needs. This is the main reason Chennai hotspots with stable sales in real estate in last three quarters.

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Good Time to Invest in Real Estate

Over the past years history, Chennai has carved an identity of the stable market and standard growth in the Real estate industry. This will be continuing in the upcoming year 2022. 

Most of the expect encourage invest in plots. Land promoters offer various offers, price negotiations, strong growth of commercial reality and the industrial sector, and various development of schemes offered by the state government. Chennai is the 2nd largest state based on financial activity in the country after

Mumbai with a gross domestic product of $69 billion. Chennai ranks overall fifth in GDP contribution in India. This is because of the strong industrial and IT populace. Chennai city is the 6th largest city in India and the 4th popular metro city in the country. Chennai travels towards the beyond and developing. So it’s good to invest in real estate.

Focus on Guduvancheri 

If you search for the best location to buy a plot or home without doubt answer be the Guduvancheri. Because this the most huge development location. In the year 2021 price range per sqft is Rs.650-8,035sqft but upcoming year 2022 the price rise up to 26.7% says to experts.