Luxury apartments in Chennai - Where Comfort meets Style

When it comes to residential apartments in Chennai, the city’s population has had diverse demands and preferences over the years. Today, luxury in residential spaces emerges as one of the primary choices. While increased purchasing power is one of the clear reasons why luxury reigns supreme, upmarket choices and changes in lifestyle are attributed as other factors. Chennai is a prime commercial, economic and educational hub of South India. In the recent years, changes in real estate have made the city one of the most sought after destinations for real estate investment. Real estate projects in several locations of the city bring high resale value and greater rental prospects thereby encouraging investors to choose the city for investments.

Premium real estate builders have entered the flourishing market and constructing luxury apartments in Chennai owing to increased demand. Contemporary and luxurious amenities and comfort of living are two important factors that investors are looking for in properties to invest.

How luxury makes a difference in real estate

• Luxury apartments indicate the presence of contemporary amenities like swimming pool, sports courts, medical centers, schools, integrated retail hubs for shopping and entertainment, fitness centers and the likes so the urban population does not have to search or travel far to complete the circle of urban living. Modern apartments are self-sufficient paradises of lifestyle living.

• Living in upmarket residential apartments in Chennai means that you are leading a higher and more sophisticated lifestyle thereby boosting levels of confidence and influence.

• Luxury apartments in Chennai have better resale value since they are constructed with the best of materials and resources and hence are more durable and enjoy better longevity than budget apartments. Moreover, they are maintained in great condition since they come with a price.

• Interestingly, most luxury apartments in the city are focused in areas that are commercially abundant. These residential units are located in close proximity to the IT/ITES corridor and manufacturing hubs thereby encouraging professionals working in these technology and manufacturing parks  to invest in properties here and cut down on travel time and cost.

• The economy of a city is many a times evaluated by the number of luxury homes it houses. In that order, luxury apartments in Chennai have transformed the perceived economic value of the city dramatically. 

Modern residential apartments in Chennai are thus all set to create landmark changes in the city.

Factors contributing to choice of Homes for Live-in and Rentals

Luxury apartments in Chennai are a more recent trend. Apartments are developing by quality, luxury, designs, quality, amenities and size every passing year. And a large number of real estate builders are contributing to the modern requirements of real estate investors. Homes are always a primary need. Homes for self come with a lot of perceptions and requirements in terms of location, ROI, quality, durability and other convenience factors. Today, the customers are also seeking environment friendly initiatives in their homes and customizable ideas thereby enabling feelings of warmth and appeal instantaneously.

Factors for Rental Property Investment

Investors who seek rental properties on the other hand focus on another set of elements while making a purchase. Location is an important component in choosing a rental property. Good location with proximity to important and desirable facilities means greater rental prospects. While Chennai’s Central Business District enjoys maximum rental gains, the suburban markets are quickly picking up since they are closer to work places. Also, rental properties need to be of great quality so as to appear appealing and cut down on maintenance expenses. When properties meant for rental have good amenities in them, their perceived value goes higher in the market.

Real estate in Chennai continues to be a proliferating scenario with homes for live-in and rentals accelerating steadily. Individuals who invested in real estate of the city a few years back reap large profits and many regions of Chennai continue to hold greater appeal in terms of exponential capital appreciation.

Concept Homes – The next in Real Estate Evolution?

Concept homes have begun a new era in residential apartments in Chennai. Although real estate builders that offer such concept homes constitute a small number today; it is a step in the right direction. The modern customer expects innovative concepts for his home since he intends to maintain a specific lifestyle. The modern customer has better affordability because of the advent of new age industries and lucrative career opportunities they provide. Therefore, the modern customer incessantly looks for innovation, creativity, style and luxury besides the conventional needs of quality and proximity.

Real estate developers in Chennai are gradually recognizing the value proposition of concept homes. One of the renowned builders in the city has recently tied up with Disney India in the design and creation of Disney concept homes. The idea is expected to become a large hit with the population since the cosmopolitan crowd prefers innovative concepts that can better their quality of living. While modern amenities like swimming pool, fitness clubs, sports courts, club houses and play areas continue to be sought for options; the population is also looking for more. This is where concept homes with scope for customization can strike a difference.

Flats for sale in Chennai are an ideal destination to experiment with high quality innovative concepts because the demand for such properties is gradually growing with the city population. Builders need to be cognizant of changing customer preferences and offer choices in order to beat competition and reign supreme.