{"id":9971,"date":"2012-11-19T12:53:27","date_gmt":"2012-11-19T07:23:27","guid":{"rendered":"http:\/\/www.bharatestates.com\/blog\/?p=9971"},"modified":"2020-06-15T04:36:34","modified_gmt":"2020-06-14T23:06:34","slug":"real-estate-development-in-chennai","status":"publish","type":"post","link":"https:\/\/www.bharatestates.com\/blog\/real-estate-development-in-chennai\/","title":{"rendered":"Real Estate Development in Chennai"},"content":{"rendered":"

\"Chennai-Real-Estate\"Chennai<\/strong> is the capital city of Tamil Nadu. It is the epicenter of culture, education, economic in South India. Chennai is also known as the “Cultural capital of South India”. The prime attractions of the city are the beautifully carved monuments, temples, churches and not to forget the second largest beach of the world, Marina Beach. There are also many amusements parks in the city to visit.Chennai has always valued education. IIT Madras has been ranked as one of the top engineering colleges in India. The literacy rate in Chennai is very high, it is about 80.14 %. Chennai is a large commercial and industrial center. IT companies, electronic manufacturing industries have become the top most reason for the city\u2019s economic growth. Recently Chennai has emerged as the Electronic Manufacturing hub in South Asia. Chennai is also tagged as the Banking Capital of India. Ambattur, Tiruvallur are the major industrial areas in Chennai. Ana Sallai, Mahatma Gandhi Road (M.G Road) are the major commercial hubs in Chennai.Chennai is not only rich in culture and industries but also infrastructure development is growing on a large scale. In recent times significant projects related to infrastructure development has been undertaken by the Government of Chennai. The construction of highway that would definitely help the city in all the future ventures is the most awaited infrastructure project in Chennai<\/a>. The construction of highway would surely transform Chennai into the major hub of economic activities. Separate waterlines especially for the IT are the latest provision made by the government.Due to rapid economic growth and development in Infrastructure, the real estates in Chennai is witnessing boom. Commercial and residential projects are launched by the real estate developers. The Real estate scenario of the city in the long run appears to be promising. In future if the metro connectivity is extended to the industrial and the IT hubs of the city, it may transform the real estate dynamics of Chennai.The property rates of the residential as well as commercial estates are quoted below (approximately price per unit).Residential property prices in Chennai<\/strong>:<\/p>\n