Chennai has always been known as the cultural capital of Southern India and now it is emerging as an industrial and educational hub. After Mumbai, Chennai is the only city which has a strategic advantage of being the coastal city making it one of the few most sought after residential destinations of India. Chennai stands fourth on the list of most populous metropolitan cities of India, attracting various manufacturing industries. The emerging commercial market of the Chennai has invited all sorts of migrating audiences to the city, making Chennai the most favorite residential and commercial location in the southern India. Chennai property market is in its peak with growing IT/ITeS sector which is inviting many IT/ITES giants to set up their global delivery centers in the city. The city infrastructure varies from ancient carve temples to modern style sky scrapers with picturesque spots like beaches and heritage sites.Builders in ChennaiBeing the most sought after coastal destination, Chennai has observed a huge growth in commercial, residential and retail real estate. Immense demand in residential and commercial real estate has encouraged numerous national developers to foray in Chennai real estate market. Many local and national developers like Unitech Group, Akshaya Homes have significantly contributed to the breathtaking skyline of the city. Most of the renowned developers and builders in Chennai are coming up with luxurious and well-planned residential and commercial projects.Projects in ChennaiChennai has witnessed remarkable change in its skyline in past few decades. Emerging high rise buildings, commercial skyscrapers, and mega townships have transformed the old Chennai into a modern age cosmopolitan city. Real estate projects in Chennai include prominent structures like Tidal Park, Olympia Tech Park, Signature city, and Estancia Township.Properties in ChennaiChennai has the blend of commercial and residential properties in almost every part of the city. The outskirts of Chennai are emerging as the new residential and commercial hubs in the city being the low priced property. The locations along the old Mahabalipuram road are emerging as hotspots of the city with excellent infrastructures and good connectivity with city centers. The peripheral and secondary business markets are high on demand in IT/ITES sector owing to the upsurge in the number of under construction properties in Chennai.Property Rates in ChennaiCentral Chennai is running out fresh supply hence the real estate is steadily shifting towards the peripheral locations of the city. Anna Salai, T Nagar, Nungambakkam are few of the prominent locations of the city where property prices are in an all time high. Property rates in Chennai have witnessed the exponential growth graph in past few years. OMR road has emerged as the IT-Corridor of the city and property prices in adjacent areas has observed the tremendous boom in past few years.Property tax in ChennaiProperty tax is the tax imposed on any immovable property which is assessed by the municipal corporation. Chennai Municipal Corporation’s Revenue department collects the property taxes from its property owners on an annual basis. Chennai Municipal Corporation has recently launched its service which allows you to pay your property tax online. Know more about Property tax in Chennai.Investment TipsThe growth of the IT/ITeS sector and manufacturing industries has highly influenced the property market of the Chennai. The Central Chennai sub market has observed limited availability of the vacant land parcels. The investors and property buyers are targeting the peripheral areas of Chennai for the investments. Most of the developers and builders are building new townships and projects in the neighborhood of the IT corridor of OMR. Locations adjacent to the OMR are the new investment hotspots in Chennai. Perumbakkam, Pallikarnai, Medavakkam, Siruseri, Navallur, Egattur are the most prominent investment locations in Chennai.Upcoming AreasScarcity of land parcels in the central Chennai led to the emergence of peripheral and secondary location in Chennai. The areas in proximity to the OMR and GST road have futuristic investments advantages since these locations will be the next most sought after locations of the city for being an IT-Corridor and its commendable connectivity.займ на карту без отказов круглосуточновзять кредит онлайн