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