PropertyAngel | Property Management Bangalore, Bengaluru
  • Property Owners
  • Tenants
  • PROPATHON 2023
  • Refer a Friend
  • Careers
  • Contact Us
  • Property Owners
  • Tenants
  • PROPATHON 2023
  • Refer a Friend
  • Careers
  • Contact Us

Reasons Why Chennai is a Great Place to Invest in Indian Real Estate.

22/5/2023

0 Comments

 
The main goal of investing is to get the highest possible return. Real estate is a lucrative investment option and is growing rapidly year after year. Many millennials are interested in investing in real estate to either settle down or to get a good return on their investment. However, to make a profit, it is crucial to carefully analyse and invest in a developing location that is not yet on everyone's radar. ​
Picture
Chennai is one such location that offers promising investment opportunities and is considered one of the best metropolitan cities. Therefore, it's worth discussing why real estate investment in Chennai is more profitable than in other places.  

Real estate investment in Chennai is considered one of the most secure and profitable investment options, and there are several factors that make it a lucrative choice. Chennai is recognised as India's "Detroit" due to its thriving automobile industry, and it has experienced consistent economic growth over the past decade, which has made it an attractive market for investors. Here are some reasons why investing in Chennai is a wise decision:     

High Rental Yields

As the demand for properties in Chennai continues to rise, rental yields have also increased, making them incredibly higher than in other cities across India. Due to the significant rise in rental income, many individuals consider real estate investment in Chennai as a reliable source of regular income, which can provide long-term financial stability and benefits.  

Job Opportunities

Due to its thriving industrial sector and abundant job opportunities, Chennai is an ideal location to invest in real estate. The salaries offered in this city are higher than the national average. Also, government headquarters, logistics, manufacturing, industrial services, and IT firms provide plenty of job opportunities. Therefore, real estate investment in Chennai is an attractive option for those seeking consistent income or future financial gain.

High ROI potential

The demand for residential properties in Chennai is high due to the influx of migrant workers and residents from other parts of India. Thus, it allows investors to make the most of their money and generate good returns in the future. The city's ongoing expansion and development plans make it a very attractive real estate investment destination. Residential properties in areas like ECR, OMR, Madhavaram, Ponamelle, and Arakkonam are in high demand and are trending residential properties in Chennai. 

Cost-effective real estate pricing

Chennai's real estate market is cost-effective and affordable compared to other metropolitan cities like Mumbai. For example, the price of a sea-facing plot in Chennai is much lower than in Mumbai. This makes investing in Chennai's real estate market a once-in-a-lifetime opportunity for those looking to make a fortune. 

Additionally, various investment opportunities are available in and around Chennai's work culture and entertainment zones like Ambattur and Arakkonam, located close to industrial estates; OMR, Ponammalle, and Thiruvanmiyur, located close to the IT industry; and ECR, known as Chennai's getaway destination, etc.

Strong economic growth

Chennai, the capital of Tamil Nadu, has a strong and diverse economy with various industries like manufacturing, IT, logistics, and healthcare. This economic growth has led to increased demand for housing in the city, contributing to its high economic growth. 

Tamil Nadu is the country's second-largest GDP contributor, with more than 60% of its population living in the cities. It is ranked as India's most economically free state and one of the top three states in electricity generation.  

Affordable property prices

As previously mentioned, property prices in Chennai are generally lower than those in other major Indian cities like Mumbai and Delhi, which makes it an attractive investment location. The outskirts and developing areas of Chennai are more affordable and have high growth potential. Once the construction is complete, investors can look for tenants, as there is a high demand for rental properties in Chennai. This high demand for rentals can result in positive rental yields for investors, making it an attractive option for those seeking long-term gains.

Good infrastructure and connectivity

Chennai has excellent transportation, healthcare, and education infrastructure, which makes it an attractive place for professionals and families to live. Again, each area has its own set of amenities, including prominent schools, hospitals, grocery stores, and shopping malls, providing convenience to residents.

Chennai's affordable property prices, combined with its strong economic growth, result in a high potential for positive rental yields, making the city a desirable investment destination. The city is well-connected through various modes of transportation, including government buses, TNSTC, local trains, and the metro, which is not only convenient but also cost-effective.

Besides, the government is investing heavily in infrastructure development to improve the city's overall quality of life, which further adds to its appeal. Overall, Chennai's growing population, strong economic growth, and competitive prices make it a desirable destination for real estate investment.    

About PropertyAngel

PropertyAngel is a leading O2O (online-to-offline) second landlord platform. We are a Bangalore-based property management company offering professional property management for individual apartments, houses, and villas. Contact us at (91-80-47095974) or (91-7406484455) if you need guidance on how to invest in the right property in Bangalore.

​
0 Comments



Leave a Reply.

    Archives

    May 2023
    April 2023
    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    May 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    August 2020
    July 2020
    June 2020
    May 2020
    December 2018
    March 2018
    November 2017
    October 2017
    September 2017
    August 2017
    October 2016
    July 2016
    December 2015
    July 2015
    June 2015
    March 2015
    November 2014
    July 2014
    May 2014
    September 2013
    May 2013

    Categories

    All
    Covid
    Mumbai
    Property Management
    Video Blog

    RSS Feed

 (c) 2023 PropertyAngel. All rights reserved. 
 Privacy Policy   ​
PropertyAngel is a leading property management company, headquartered in Bangalore. It is the most trusted property management company, that provides personalized tech-enabled services. 
CALL US: 91-7406484455 (also on whatsapp)
BANGALORE HEADQUARTERS:
PropertyAngel Management Pvt Ltd
570/571 16th A Main road,
Koramangala 3rd block,
Bangalore - 560034
India
www.propertyangel.in

Open Hours:
  • Monday-Saturday: 9:30am IST - 7:30pm IST
  • Sundays: 10:30am IST - 6:30pm IST

Useful links

  • The property Management Blog
  • How the Property Management Process works
  • How much do property managers charge every month? 
  • ​7 things to consider while selecting the Best Property Management Company
  • What does a Property Manager do?
  • Recommended format for Property Management Agreements
  • PropertyAngel Referral Benefits
  • How do I choose a good Property Manager? 
  • NRI property management services 
  • Zoho Case Study on Property Management & PropertyAngel award
  • Build a career in Property Management 
  • Rent a property managed by a property management firm. ​