IT companies are much flourished in south city because of its land availability, in northern regions, the industrial belt around Ambattur has maintained stable real estate market.
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Chennai Metropolitan Development Authority is taking effective action to make sure that the buildings in Chennai and its surrounding areas are constructed according to the norms and rules of construction sector.
As property sales among the middle and high financial groups are showing no signs of improvement, several builders started to think seriously that has to be done to increase sales.
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The promoter targets to please all segments so they afford homes of all varieties and cost. Builders who want to gain publicity among people will go for posting their profile in real estate portals and local promoters will provide some of their offers and charge additionally to their clients.
Apartments in the townships are in heavy demand currently as the money invested would increase in its value within some years, when the properties are brought within the gated communities.
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