| If IT is seen as the single-largest factor driving real | | | | opportunities in the city are anticipated to be |
| estate markets in India, Chennai has a reason to | | | | astounding. |
| cherish. In the recent years, the automobile capital of | | | | A number of prominent real estate projects are due |
| India - Chennai has come up as a potential IT and | | | | to take off in Chennai. One of them is by |
| ITeS center, compelling national and international real | | | | Chennai-based Sabari Foundation. The Rs 180 crore |
| estate developers to take the note of it as a | | | | luxury project by the group will consist of 308 |
| competent real estate destination of India. | | | | apartments on a 10-acre area at Siruseri. |
| Growing incomes from the IT, automobiles and | | | | Also, L&T South City Projects Limited (L&T SCPL) |
| electronics sector which delineate the backbone of | | | | has announced the launch of 'Eden Park', an |
| Chennai's economy, have been influential in driving | | | | integrated township spread over about 100 acres in |
| demand for residential properties. | | | | Siruseri, Chennai, on January 18, 2008. It will be |
| Southern Chennai because of its proximity to IT | | | | developed in 4 to 5 phases. The first phase will be |
| ITES zone has been witnessing a considerable | | | | developed over 14 acres with 656 apartment entities |
| increase in the residential real estate values. Areas | | | | consisting of 2 and 3 bedroom dwelling units. The |
| with propinquity to the IT/ITeS hubs have | | | | township boasts of residential apartments, villas, |
| materialized as zones with major demand for | | | | schools, necessary services, healthcare facilities and |
| residential real estate development in Velachery, | | | | shopping arcade. |
| Madipakkam and Tambaram to name some. | | | | With this a number of other such prestigious |
| Besides, places such as Velachery, Mogappiar and | | | | residential projects are due to come up in near |
| Thiruvanmixur are the ones which proffer budget | | | | future, Chennai residential real estate will witness a lot |
| homes. Conversely, localities like Alwarpet, Boat Club, | | | | of investment pouring in by the real estate |
| and Poes Garden have transformed into posh | | | | developers and also by the potential end user, |
| residential areas. | | | | property consultants project. |
| Investment opportunities- Knocking on the door | | | | For more details on Chennai Real Estate, log on to |
| Owing to the splurge of commercial as well as | | | | magicbricks. |
| residential projects in Chennai the investment | | | | |