After Property in Chennai & Coimbatore, Chettinad is Next - By: Deepika B

Chettinad, located in Southern Tamil Nadu, is an upcoming realty destination of South India. It is popularly known for Chettinad cuisines, mansions and temples and Karaikudi is its capital city.

Real estate in Chennai, the fourth largest metro in India has always been sought after by the realty developers and investors. Being the fifth most populous city of the country, there is a high demand for residential property in the city. The leading property builders of the country have established their presence in the region by developing numerous residential and commercial projects. But, as soon as the projects were launched, they were immediately occupied by the buyers asking for more development. Large numbers of industries were set up and the professionals working in them filled up the newly constructed residential space as well.

Since the capital city, Chennai became saturated with more and more structures coming up everyday; Coimbatore real estate attracted all the attention and gradually began to grow. The city is already known as ‘Manchester of South India’ being the textile and engineering hub of the country. It invites many professionals and students from across the country to the world class industries and educational institutes. Coimbatore already had its own property demand to fulfill and as the focus from Chennai shifted, it became all the more intense. In spite of the large scale developments in the city, the high demand could not be met fully and developers started hunting for a new place. Next in line after Chennai and Coimbatore is Chettinad that promises plenty of land for development at affordable prices.

Chettinad is known for its splendid architecture and beautiful temples that attracts pilgrimages and tourists from all around the world. Various property developers are now eyeing property in Chettinad due to its strategic location and scenic beauty. It is seen as an upcoming investment zone that is sure to yield high returns in the coming future. The property development in the city is in its nascent stage and a lot of work still needs to be done to meet the supply deficit faced by the developers. Chettinad offers wide prospects for property growth as prices at present are also quite reasonable. Once, it is developed into a full fledged international standard city, property prices will shoot up and reach levels equal to property in Chennai and Coimbatore.

The region of Chettinad offers all necessary amenities required to create a world class city. Electricity, water and sanitary conditions of the city are well maintained and special attention is laid on the cleanliness of the region. It is well connected to other cities of the state of Tamil Nadu through roads and railways. Also, it has various renowned educational institutions where students from nearby areas come to pursue higher studies. With growing consciousness of living standards and modernization, lifestyle of the people is changing. The mall and multiplex culture has also started to flourish in the city as people open up to the concept of retail.
Chettinad is a lucrative option to invest in all residential, commercial and retail segments after potential of property in Coimbatore has been tapped. Rented as well as new properties offer good scope with growing number of students coming to the region look for accommodation. So, one is sure to find tenants for their residential property in Chettinad and as real estate growth is gaining momentum in the region, companies are also coming to the city. Eventually, residential and commercial growth will propel boom in retail segment as well.

Modern facilities coupled with calm surroundings make Chettinad a perfect destination for both living and investment purposes. Grab the best deal before prices rise up.

About the Author

Deepika Bansal writes on behalf of 99acres.com, which is an internet portal dedicated to meet every aspect of the consumers needs in the real estate industry. It is a forum where buyers, sellers & brokers can exchange information. At 99 acres, you can advertise a property in India , search, browse through commercial, residential apartment

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