The residential market of Chennai was badly impacted in the starting of the year due to the poor market sentiment, budgeting needs and predictable fiscal sops by the way of lending rate decline, says by some realty sources. This property market has not picked up till the first week of the March month 2015. Chennai is a good city from the point of view of residential purposes. It is a hottest property market in all over the country and it is blossoming rapidly in term of the infrastructure and industrial developments. There is the healthy demand for 2BHK residential units in the range of 30-40 lakhs and there is also huge supply of housing units. So it is really a good city for residential purposes.
Till now, the demand for luxurious apartments in the price ranges of 45-70 lakhs is now increasing day by day. Well known builders are also offering the special offers, attractive packages, big discounts and special freebies for potential home buyers. There are so many latest trends in the real estate sector of Chennai, so buyers are luring attractively towards the city. Therefore, it is an affordable place but it is very beautiful city for living with new ambitions.
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