Real Estate
3 reasons why you should invest in property in Chennai post Covid-19
“Buy Land, they are not making it anymore”-Mark Twain
As Mark Twain Said “Buy Land , they are not making it anymore” .The aftermath of the Covid-19 pandemic situation has established the fact that owning an apartment is way better than dealing with the uncertainties of living in rented accommodation.
Chennai is a culturally diverse cosmopolitan that is both traditional and modern in equal measure. It is one of the most preferred locations for residence with people, and for a variety of reasons. Good prospects for education and employment are among the prime reasons that draw people from far and wide to Chennai.
Hailed as the “Gateway to South India”, Chennai has one of the most lively and rapidly growing real estate markets in the country. The city has one of the fastest growing IT sectors in the country and a thriving automobile industry.
Finest Medical care
Despite the high numbers, Tamil Nadu, with a population of over 8 crore, has been commended for the way it has handled the pandemic. Chennai has driven medical care and amenities that were needed during the outbreak to its people far and wide.
Healthcare in Chennai is provided by both government-run and private hospitals. Chennai attracts about 45 percent of health tourists from abroad arriving in the country and 30 to 40 percent of domestic health tourists
First-Rate Infrastructure
Over the years, Chennai has witnessed significant development in terms of infrastructure, which in turn has had a positive influence on its real estate market. The hugely popular Chennai Metro service has helped improve accessibility within the city and its suburbs.
Provisions are also being made for a separate waterline with a capacity to provide over 5 million gallons per day exclusively to the IT sector. Chennai has welcomed globalization and liberalization with open arms. Market Value for real estate is increasing every day and the consistent increase clearly signifies that the real estate market is booming despite the setbacks the followed owing to the Covid-19.
In Chennai, for instance, the Metro has drastically cut travel times for those who work in the IT sector, which in turn is facilitated by other ancillary services such as transportation and communication. The distance between the outskirts and the main city might seem big, but they are very well connected.
Integrating multiple smart city components
Movement of goods, services and labor across points within a city and to and from cities are the drivers of economic growth. Infrastructure forms the basis for growth, the state government has already announced a series of projects to develop the infrastructure in the state and a lion share outlay was earmarked to the capital Chennai. Various factors are at play when it comes to the ways on which urbanization in general, and smart cities in particular, help Chennai grow economically and sustainably.
The development boom in the outskirts of Chennai has brought in people from all parts of the country to work in companies situated here. With a population constantly on the rise, the city of Chennai is exponentially growing.
Rapid development has also led to several schools, colleges and medical facilities opening up. When compared to other major cities in India such as Mumbai and Kolkata, property prices in Chennai are more affordable and worth the price.
Other perks
Companies prefer Chennai because it is recognized as an official English-speaking work zone. Crimes against women are lower than the other metros in India, making it a safe bet for investors from other cities or countries. Female Security Index for Chennai is on the higher side and much higher than the other metros in India.
