subject: Better Time To Buy A Real Estate Property In Chennai [print this page] Residential property in Chennai attracts people from all over the world to come and become one of its residents. Chennai, the state capital of South Indian state Tamil Nadu, is one of the biggest cities of India. Situated by the side of Bay of Bengal, Chennai has the second largest post in the country. It is the 6th most populated city in India and offers a beautiful lifestyle and a perfect residential atmosphere to its residents.
Economic factors like automobile, real estate, IT, technology, hardware manufacturing and healthcare industries are the key sector that plays a big role in the economy of the City and the state. Being the capital of the state Chennai has the best prospects in all the fields.
Chennai is the IT hub for the south state Tamil Nadu. You can easily witness the major presence of IT industry with these companies having its operations here; Nokia, Nokia Siemens, HP, Intel, Motorola, Dell, Wipro, Foxconn, Siemens, Samsung etc. Chennai also has the Tidel IT Park, it is asia's largest Tech park. Chennai has much more to offer due to its location.
Chennai's being situated at the coast, makes it more cool and enjoyable place to live. People form all over India and from the nearby states and cities come to Chennai either to travel or to earn a penny. Even world's biggest companies are very keen to open their offices, outlets and to register their presence here. In order to this they seek a property in Chennai.
IT sector, playing a big role in the economy of Chennai, is attracting people from all over the world to come and live here. Major IT and BPO companies have their set up here in Chennai. They employ a large number of people and offer them a good set of salary. Indian Banking survey too suggests that the demand for the home loans from the southern parts of the country is coming at top place.
People having a stable lifestyle because of the the easy lifestyle of the Chennai city, show their interests in buying a real estate property. Chennai is also a hot spot to buy a residential property because of its being the gateway to India from our Southern neighbouring countries. It attracts many a people from these countries because of its location.
It is still a better time to buy a real estate property in Chennai because Chennai is lesser populated than any other state capital in India. Prices are still not very much high and one can seek investments. Interest Rate too have been reduced by the Government and RBI and now being followed by the Banks, the moderate policies for lending home loans, may boost the demand in the city. Such rate cuts will help the lone takers to give easily the EMI as it will come down.
Having a host of many historical monuments, Chennai is a beautiful place to live. It is a beautiful heaven to live for those who seek a nature friendly environment with a fast modern professional lifestyle.
