The land in Chennai – an article for your dreams

Chennai is known for its traditional and orthodox people who are much grounded to their values, this is good but as every coin has two sides, this too has a negative side. The traditional nature of the city has spread over to business as well, where the public oppose the changes in the market trends and lifestyle choices. People usually preferred their ancestral homes to flats and apartments. The design and structure of these mansions do not meet the requirement of the present generation. Moreover the extra space of the gardens could be used more optimally to meet the ever increasing demands.

Fortunately with the growth in the industries and IT sector, more and more young people are migrating to Chennai in search for better job prospects. This results in the change of demand pattern, where the youth is the main workforce and investor. An increase in the multi-storeyed offices, shopping complexes, schools, hospitals and parks help in the overall development of the city as well.

The hot spots

The increase in development is connected to employment making Chennai the hub of demand. We can witness a steady growth in the markets of areas in south Chennai such as Kelambakkam, Guduvancheri, Sholinganallur, Chrompet and Perumbakkam. The people of these areas are more prone to investing in the share market. Areas west of Chennai such as Porur, Ambattur, Mogappair, Iyyappanthangal etc. offer good deals in residential plots in chennai.

The development is just not limited to real estate; it spreads over other sectors as well. The south and west Chennai are the most business friendly areas. The north needs to be worked on, though it also harbours scope for development.

The changing demands

The various changes in the lifestyle choices of the people are a key factor in the real estate business. The modern life of rush and chaos calls for the need of nuclear families. Gone are the days when joint families would live happily in ancestral mansions and enjoy long lazy summers in the orchards and backyards. With the coming of the industrial age, we have become more economical with our resources. The increase of the population of youth has also contributed to this change. The need of offices, malls, schools, and housing societies are now dominating the real estate business, that supply according to the demands. Also the construction of roads, the metro and growth of infrastructure have helped in the development of the city. It increases the value of land and helps in growth of business.

The key players

With more demand it is pretty obvious that there will be an increase in competition to meet the growing demands. The various property and land developers have sprung up all over Chennai, offering the best properties at the most affordable prices. The possibilities are endless! Compare the various perks offered the area, and the facilities. Carefully analyse the prices before investing. Wisdom Properties is one such major player that offer Property developers in Chennai with residential plots in the DTCP approved plots of Chennai.