Chennai Real Estate Market Overview

Chennai residential realty market saw a firm growth while all other major cities witnessed more volatility in recent past due to the global economic slowdown. The southern city’s market is a hugely end user driven, and this was the added advantage for regular absorption. 

The lack of overt speculation has ensured that developers are moving their pricing structure of homes in a stable and gradual manner. Abnormal surging of prices is kept aside in the city. Due to the lower interest rates, there are high demand of residential housing in Chennai prevails. The city offers a good blend of Luxury Apartments in Chennai which suit the budget requirements of a wide and active customer base.

The increasing job security in the Tamil Nadu capital has definitely assisted the market to maintain resistance and a positive outlook towards the sector. Over the last 18 months, it became obvious that Chennai’s residential real estate market is totally dependent on the IT sector.

With employment sector is looking more stable than 2012, demand for good homes has now reached a comfortable and dependable growth rate from which builders are taking their market cues. 

If you are mulling to buy any residential unit in Chennai then VGN Coasta can be your best option. The VGN Coasta is being developed by VGN Group, which offers 3 & 4 BHK with world class amenities and modern features. The unit is strategically located and will provide higher value appreciation for your unit. The apartments are affordable and can help you to live your dream life.