Low Budget Affordable Properties for Sale in Chennai Central Chennai

The scorching summer heat and water scarcity is the worst combination humans can face. Currently, Chennai is facing its worst water crisis in decades and it is far from any resolution. From posh societies to the resettlement colonies, all are dependent on private water tankers or metro water. The groundwater levels have depleted majorly. In fact, residents who are out of the city are postponing their return after a holiday or shifting their homes from one part of the city to another, in the hope of getting better water supply.

Chennai, one of the top five metro cities in India, has been growing leaps and bounds in terms of both infrastructure and real estate. While Delhi has led the way, Chennai, after Mumbai and Bengaluru, has also got its own Metro rail network. The project has two phases. While Phase-I became completely operational in February this year, work on Phase-II is expected to start soon.

If one decides to follow expert advice pertaining to real estate investments in Chennai, Sriperumbudur is certainly the place to be. This area that houses the official premises of about 22 Fortune 500 companies is certainly the place to be. Increasing water-related issues, however, might start raining on the parade of this realty hotspot if authorities fail to address them in a time-bound manner.  

As authorities take up development along the Metro stations, both residential and commercial realty along the 30-km Noida-Greater Noida stretch will be benefitted.

Mumbai, the financial capital of the country, has been a major hub for real estate offering both commercial and residential properties at luxury prices. In the fourth quarter of the financial year 2019, too, while most of the markets struggled getting good sales number, the Mumbai Metropolitan Region’s property market witnessed a four per cent rise in sales. Also, the inventory overhang reduced.