subject: Chennai Property Across The World Have Started Rethinking Mega Scale Development Projects [print this page] Chennai Property seems to have grown clusters around the core which have really spread. In Chennai The IT corridor in the chennai, automobile manufacturing cluster from marailmalai nagar to oragadam
and sriperumbudur SW, chemical engg belt north of the chennai, power generation north. Existing road
infrastructure needs to be augmented.
Within each cluster residential properties in chennai areas seem to be evolving, mostly high rises.
the spaces are also to be greened aggressively.
Among the most livable and residential cities in the world, Chennai ranks a pathetic 151 out of 200.
Chennai city limit has 66% of complicated land as temple lands and complicated titled lands CMDA should regulerising theses lands and develop a decent residential area with seven floors and a compact advanced city. CMDA are not involve in expanding the city of Chennai at the cost of residential lands and closings of lakes , tanks and water resourse. So CMDA think in these lines instead of expanding city limits upto trichy and vellore.
Chennai city with its population area outbursts without basic amenities such as a water and power has to expend further beyohd vandalur on south.
During the day-by-day long workshop, The CMDA now attempted to find an answer to the question about Chennais growth. For Chennai current size of 1,189 sq. km has been expand to 4,000 sq. km. or 8,000 sq. km. To be include Kancheepuram, Chengalpattu, OMR. Planners from Bangalore and Delhi were invited to share their experiences and opinion.
Chennai property across the world have started rethinking mega scale development projects and are looking at encouraging sizes, multiple ownership, The community centred, and The resource sensitive development. These are options be makes cities more inclusive and their growth sustainable.
Those who wish to live in a historical environment should be able to choose Kancheepuram of Chennai. Those who prefer to stay close to their place of work and yet enjoy the advantages of a small town should be able to opt for Sriperumbudur of the Chennai. Those keen to try Chennai agriculture may relocate to the green wedges in between.
There are others who feel that the popular investment locations or residential property in Chennai are the best option for everyone. The part of Velachery, ECR and OMR as considerable development is visible in these areas. Competitive lending rate from overseas monetary establishments is one more tilting issue that has inspired variety of NRI's to mobilise upfront payment overseas for investment in Chennai Residential back home. A couple of of them are even finding it additional convenient to boost native funding than through residential and commercial lands loans with Indian housing finance corporations and banks currently.
The business section and growing influx of IT professionals have pushed the residential demand and costs to a brand new high in Chennai property over the previous few years. As a result of burning residential property costs, increasing the population of Chennai and lack of area, flats and apartments in Chennai are become most popular day by day. Realising the demand of the lands, distinguished builders in Chennai are building residential property in Chennai comprising of luxurious flats, providing ultra trendy facilities and also to provide an expensive lifestyle at best cheap rates. But for the well heeled, there's the most of the properties buying with high priced properties and independent homes like villas and semi detached cottages that sometimes associate with alternative amenities like exclusive club house, swimming pools and gymnasium. The distinctive feature of such properties is that they're sometimes located on commertial property of the favored I.T corridor, OMR creating the daily commuting of residents easier to the workplace.
Now Looking at the real estate trends and investment in properties in Chennai would be wise choice for those that would like to earn long time advantages by investment in Chennai property as a result of this demand isn't about to return down upto a protracted time from currently.
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