| The real estate and property market of Tamil Nadu has benefited from the industrialization and growing economy of Tamil Nadu. Tamil Nadu is one the most urbanised states in India. The total land area of the state is about 130,058 square
kilometers. Chennai, the growing industrial metropolis, is the capital city of Tamil Nadu. Property prices have increased considerably in many regions of the state, particularly places that are experiencing new commercial and residential construction activities such as Chennai, Hosur, etc. A number of Information Technology (IT) related companies as well as manufacturing hubs have been set up in Chennai. This has resulted in migration of people to urban areas which have led to increasing demand for residential property. Due to the presence of large number of industries, demand for commercial real estate is also high. Areas in and around Chennai are being developed to lessen the demand on the city due to such migration. As the economy progresses, demand for high-end and luxury properties are expected to increase even further. Chennai already has some of the best places for recreation, shopping mall, amusement centers in India. Non-resident Indians (NRIs) have also found Tamil Nadu a good investment opportunity. The Government has played an important role in making the state attractive to investors. These include improvement in infrastructure, such as construction or developments of highways, airports, etc.
-- Recent News -- Mantri Developers has successfully bid for a 4.9 acre plot of land at Siruseri IT Park on the IT Highway for developing an amenities centre at a price of Rs 10.5 crore per acre for a 75-year lease.
|
|
Copyright © 2008 Realestatepropertyindia.com. All Rights Reserved.