Chennai soon notice increase in Property Investment
In Chennai, the construction industry gained more confidence that investment over property in the city will increase within few months to come since currently people are keeping a close watch before they decide about making a purchase on properties. Currently, we can see a better sentiment towards purchasing a property that hasn’t have Amarprakash builders complaints in Chennai. The experts said, people who were not aware of the real estate market over couple of months also have decided now to buy an asset. When asked what would have brought awareness to people about the property. The experts replied, recently Property show was held by The Hindu Property Plus Living Space at Chennai Trade Chennai, this brought awareness about the assets to people.
The Property Expo not only wakes the end-users and investors but also it gave clear information about the current real estate market. With the information provided, many people gained consciousness and started looking for assets in suburban regions because these areas are expected to show a great appreciation in value within next 5 to 7 years. Adding to this, along with investors, home buyers also started to look for such assets. It is expected that over next few months, the property cost will rise up again. You have neared the right time for investment since the labor cost and material cost are in the increasing stage. It is said as the right time since the cost per sq.ft has noted decrease in some areas in Chennai. This drop in square feet cost in certain location has led to the prices drop in the housing market.
When asked about the current market condition to chief official, it is said that though lot of enquiries are been received, those enquiries are not getting converted into registration due to some reason that means not every people who enquired are buying the house. Many people are still carrying out enquiries and researches before investing. Mainly, the properties that are in the range of Rs.10 crore are driven by people in the investment segment, thus you can see the demand only in the affordable housing segment. If you have missed The Hindu Property Plus Livign Space expo that was held on last Saturday and Sunday which gave people with entry ticket, you can ask your neighbors, friends and relatives who attended it and increase your knowledge about real estate. In that expo, more than 60 builders across the metro participated displacing above 300 residential projects.