Is it worth to buy property in Chennai?
You get to enjoy tax benefits Owing a property in Chennai will gain you tax deduction every year. The simple theory involved here is that the property tax and interest on your home loan will get deducted from your gross income, leaving the taxable amount of your income lower than usual.
Why real estate is down in Chennai?
Sales and new supply failed to individually cross the 1,000 mark, says report. The second wave of the COVID-19 pandemic has had an adverse impact on the housing market in Chennai, with sales and new supply both failing to individually cross the 1,000 mark.
Which is the best place to invest in Chennai?
10 Best Places To Invest In Chennai. 1 1. Avadi. Located closer to Ambattur, Anna Nagar, Thirumangalam, etc, which are growing as commercial and industrial areas, properties on the Avadi 2 2. Sholinganallur. 3 3. Mambakkam. 4 4. Chromepet. 5 5. Urapakkam.
Is Thirumazhisai a good area to invest in Chennai?
Being mimicked currently as taking after one of the well known commercial cum residential areas in Chennai, land prices in Thirumazhisai are currently at a very affordable level. Grabbing a property in this area now is a clever option rather than regretting not having done it few years down the lane.
Are ready-to-move-in properties sold at a premium rate in Chennai?
According to a recent article by livemint.com, in the city of Chennai, ready-to-move-in properties are sold at a premium rate especially in the outer suburbs and peripheral areas. As large scale development is happening rapidly across the city of Chennai, many new clusters of real estate properties are springing up.
Where to invest in land near Vandalur?
Located towards the South of Chennai, you need to take a left turn to reach this place after Vandalur. Schools and hospitals are rapidly springing up in nearby areas making it a more comfortable option to invest in. Some of the assuring locations to invest in land as well as ready-to-move-in are Mambakkam, Mambakkam-Medavakkam road, Ponmar.