3 BHK Flats in Chennai, Chrompet preferred for its Dream Location!
Those moving to Chennai often decide of making their stay because of the city lifestyle offered. Each micro market in Chennai that are situated near to commercial establishment or IT parks are hitting the market at present because people prefer the latest trend known as walk to work culture. People who decide to own 3 BHK for sale in Chennai can get amenities from educational institutions to grocery stores and shopping mall at a stone’s throw distance. Majority of people who are moving to this city want a permanent residency which is boosting the real estate scene of Chennai. The housing configuration offered in the city are holding a mixed housing units of 3 BHK flats in Chennai, row house, villas, plots, duplexes and more in the bag.
Today, Chennai has been classified as one of the fastest developing property sector. As a result, many reliable builders in the metro started offering multi-storey 3 BHK apartments in Chennai where the properties are built in the form of several separate blocks. For instance, if we look at The Royal Castle community which is located along the Outer Ring Road and close to IT and manufacturing corridors at Tambaram, the project offers different variety of housing units such as 3 BHK in Chennai, 2 BHK, studio house, duplexes, pent house, 2 BHK apartment with study room facility etc. spread over 17 acres of land. The flats are constructed in a spacious way with more than 600 square feet area and well aerated. These housing units are rated reasonably that is 2 BHK is available at Rs. 35 lacs approximately while for a 3 BHK flat in Chennai, one need to shell out around Rs.55 lacs.
The standard rate per square foot hovers around Rs.4500-5000 per sq.ft in southern areas. For areas like Chrompet and its surrounding, the property cost is quite higher than other areas. For 3 BHK flats for sale in Chennai, most of the areas in South city are priced within the range of Rs. 80 lacs, with an average per square feet cost of around Rs.4800 to 5200. There are a couple of places such as Pallavaram and Tambaram where per square foot range for 3 BHK apartments in Chennai is much less than the prevailing average.
Further, it is said that Chennai has slowly adopted the culture of community living where amenities like kids play ground, fitness center, jogging tack, club house, indoor games, restaurant, crèche and so on are provided within. Home owners of each and every unit such as 3 BHK flat in Chennai, villa, pent house etc can find an opportunity for relaxation and entertainment within the campus, without the need for moving out for anything except for work. NRIs too prefer staying in 3 BHK in Chennai, Chrompet as this area offer them with lifestyle which they enjoyed while living in foreign countries. With amenities and entities within the premises, the NRIs prefer to buy 3 BHK flats in Chennai for sale in order to live a happy and comfortable lifestyle.
In the third quarter of 2014, price trend is noted all around the city. South city is no exception from it where the prices of all units, particularly 3 BHK apartments in Chennai started to increase, especially in areas like Chrompet, ORR, Tambaram etc. Unlike larger metros such as Mumbai and Delhi, Chennai is going to undergo correction in mass scale price for 3 BHK flats in Chennai for sale and other housing units. Today, most people are willing to buy properties that are located close by IT hubs, that is why 3 BHK for sale in Chennai, ORR and other surrounding location are much in demand. ORR, Chrompet and Pallavaram have become preferred residential areas with high sales of 3 BHK flats in Chennai for sale since frequent travellers and NRIs prefer to stay close to International Airport and Railway Station. With a rise in employment as forecasted this year, the sale of 3 BHK apartments in Chennai within the premises is set to increase.