What Makes Chennai’s Residential Market a Profitable Investment?
Chennai, the beautiful city in South India, is slowly and steadily becoming a healthy, profitable and investment-worthy destination. The latest residential projects sprouting in the city are attracting many potential buyers from all across the country. High-quality construction, impressive landscaping and modern amenities make it a feasible option for contemporary living.
Jeni Construction, counted amongst the leading builders in Chennai, discusses how this city aces the real estate trends and becomes the top choice of residential market players.
1. Good return on investment: There is an ever-growing demand for condominiums, flats and other residential properties in Chennai. High demand leads to inflation in the rates of living spaces around the city. With Chennai’s property market graph soaring high, good returns on investments can be yielded presently as well as in the foreseeable future.
2. Low-risk investment option: Residential real estate investment involves low risk as compared to other forms of investments, such as mutual funds or stocks. Being a tangible investment, a house or residential property can be used, sold or put on lease as per the needs. Also, with no trace of recession in Chennai’s economy for many years to come, recouping the investment money wouldn’t be a matter of concern for buyers.
3. Steady rental income: With a huge influx of manufacturing and IT industries in Chennai, living on lease is one of the viable ways for many who relocate to the city for employment. Owning a residential property in such a budding real estate destination, thus, offers the advantage of earning lucrative monthly rentals.
4. Sense of security: The real estate scenario in an ideal investment destination, such as Chennai, involves a great scope of appreciation within a sport span. This form of investment is certain and provides protection against many financial losses. It lends a certain sense of security to the buyers, especially when it is about earning a steady post-employment income.
5. Tax benefits: Real estate investors leverage many tax benefits. Consistent depreciation on property leads to lower payable taxes, but the market value of the property still remains on a gradual rise. In addition to this, loan repayment tax is also exempted to buyers who take mortgages to buy a property.
Apart from monetary benefits, investing in Chennai’s residential market also reaps social stability and mental peace to buyers. So if you also wish to indulge in a lifetime of leisure and economical security, then get in touch with our realty experts at Jeni Construction Private Limited. We offer well-furnished residential flats in Chennai at the most affordable prices.
