Looking for an Affordable Residential Property in Hyderabad? Focus on Chanda Nagar

ChandaNagar in Hyderabad offers some of the best in affordable residential properties. Read the following post to know more.

Chanda Nagar Property Market

Located on Mumbai-Hyderabad highway, lying on the outskirts of the city, Chanda Nagar is a leading property investment destination. The biggest driving force behind the property market of Chanda Nagar happens to be the affordability tag. Property prices in Chanda Nagar still continue to be rated under the affordable category, thus luring several end-users and investors alike.

The area is mainly favoured by salaried and middle-income-group people. The majority of the end-users of Chanda Nagar comprise single professionals. Thus the demand for small apartments is quite high in the region. Needless to say that the builders have capitalized on this aspect and the resultant effect is an array of upcoming residential projects in Chanda Nagar. Recently, a builder was quoted saying “One of the reasons as to why developers prefer West Hyderabad is the presence of several IT companies that employ thousands of workers every year”.  He also said that “People prefer to live close to their offices and hence choose these areas even though the prices are comparatively high here from the outskirts”.

Location of Chanda Nagar

Another major factor responsible for the boost of the Chanda Nagar property market is its location. Vicinity of the neighbourhood to all major areas like Miyapur, Manikonda and Gachibowli make Chanda Nagar, an even more favourable destination for investment opportunities. End users within Chanda Nagar usually belong to the employed class and middle income group. So, this particular region has more demand for apartments. Since the demand is driven by end users more, buyers are more as compared to investors. Several new projects have dotted this region in the last five years. Let’s explore one such project that is coming up in Chanda Nagar.

New Residential Launches in Chanda Nagar

Developed by Sai Shakti Infrastructure, the new residential project is named, Ashoka Springfields. The project offers 2BHK/3BHK apartments fitted within 40 units. The floor areas span from 1261 square feet to 1751 square feet. Every apartment has been meticulously planned and perfectly designed according to latest features and decors. Amenities within Ashoka Springfields comprise the following:

    Swimming pool
    Fully-equipped gymnasium
    Club house
    Sports Facilities
    Kids’ Play Area
    Power Back Up/Intercom
    Parking Area/Lifts

If an end user wants to book an apartment at Ashoka Springfields, Hyderabad, he or she will have to fish out at least INR 36 lakhs on an average.
So, if you are planning to invest in a residential property in Hyderabad, Chanda Nagar is definitely one of the best available options.

Sampurna Majumder is a professional writer and a passionate blogger. Currently she is writing content for several websites that cover latest trends related to real estate in India such as these as well as other fields. The above post explores the Hyderabad property market with special reference to Chanda Nagar in Hyderabad.

South Chennai’s Property Market offers a Host of New Residential Launches

OMR continues to be a leading real estate destination for property investments in south Chennai with new launches registering almost every day. The following post takes a quick look at south Chennai’s property market.

Property market scenario in South Chennai

With the recent announcement of the Budget, the real estate sector has been given many reasons to smile about. The real estate market has been experiencing many challenging times over the past few years, especially last year with the rate of sales of properties going down considerably.

Chennai is known to be a price sensitive city when it comes to properties and after the budget, the market is estimated to be driven by the consumers directly and a growth in the sale of the residential properties may witness a stark increase. Localities such as ECR and OMR have new residential addresses with many new properties being developed by the builders. The idea of affordable housing has typically taken over the real estate market in Chennai with more and more people showing willingness to buy properties and lands in the suburbs as well as the main city.

South Chennai: Most Sought After Realty Destination

Reports prepared by the real estate consultants reveal that Chennai is increasingly becoming one of the most preferred destinations for people interested in investing in properties, both residential as well as commercial. Chennai, as a city, has always been preferred by most of the people for investing in residential properties and the rate of appreciation is estimated to increase by manifolds in the coming years as well.

According to reports prepared by Knight Frank India, residential properties in south and west Chennai is expected to witness maximum growth in the coming years owing to factors such as increase in employment and number of migrants, impeccable connectivity with the rest of the city and the important locations, development of infrastructure according to the plans, increasing proximity to the various commercial properties that houses the corporate offices and other commercial spaces such as shopping malls, movie theatres, etc. The biggest draw is touted to be the availability of land for building big residential projects at a much more affordable rate.

Shifting focus to South Chennai

While buying or investing in properties, budget and affordability is a big concern. But when it comes to investing in properties in Chennai, the concern may be overlooked to a great extent. In South Chennai, there are localities that may perfectly fit the buyer’s personality and lifestyle type. The increase in the employment market and growth of commercial spaces accommodating offices and others gives an opportunity to the builders to look for areas where the buyers’ focus is shifting. South Chennai has the advantage of providing land and water facilities. Localities such as ECR, Velachery, OMR and Tambaram are known to be registering fast growth in terms of real estate and are attracting many new buyers, including NRIs. The properties in these areas are less costly and stand good for long term investment plans.

New Residential Launches in South Chennai

Olympia Opaline Sequel, at Old Mahabalipuram Road is a promising residential project to look forward. Spread across an area of about 75 acres. This property houses luxury residential apartments that are known for their superior standards of construction and the amenities. The entire property has been beautifully landscaped and has backwaters to add to the value of the beauty of the property. One of the key highlights of Olympia Opaline Sequel is the presence of about 85 percent open space along with having one of the largest clubhouses that are present in any of the residential properties in Chennai.

The project has three towers, 250 units and 17 floors in each block. The towers are named Moonline, Topaz and Ruby. The sports enthusiasts can enjoy swimming and gymming in the society. There is also provision for rain water harvesting and residential space allotted for the society staff members, huge car parking area and the property is constructed according to the rules of Vastu Shastra.

 

Chennai is one of the cities in India that promises a comfortable yet luxurious living at an affordable rate. When localities such as Tamabaram, ECR or OMR has new residential addresses to offer, the rate of sale and investment in the real estate is bound to increase and show a positive growth in the overall realty market industry of the country.