The luxury housing market in Chennai is driven by different trends. While discussing the real estate market, it is elemental to separate the pre and post-COVID-19 pandemic era, primarily because of the home buyer’s psychology. In today’s world, luxury real estate and quality of life are directly proportional to each other. When buying luxury apartments in Chennai, buyers should look at different aspects that make them a valuable investment: –
Recent Trends Moving the Needle
Buyer’s Perception
Millennials have realigned their priorities when it comes to their living spaces. The focus has shifted from rental homes to luxury property acquisition. The changing needs such as flexibility in working space, creating a green corner, and getting ample sunlight have driven home buyers to look into luxury properties in Chennai. Lately, the city has seen huge internal migration in search of a better quality of life.
Better Housing Finance
Top housing finance and non-banking financial companies are deploying huge sums of money in credit value, which has fuelled the luxury housing demand. The low interest rate combined with attractive home loan features is doing its charm. People with high disposable income, generational wealth, and strict financial planning are ready to buy their dream homes in posh areas in Chennai.
Chennai Metropolitan Development Authority (CMDA) & Real Estate Regulatory (RERA) Reinforcement
The luxury housing market in Chennai is filled with credible real estate builders adhering to the CMDA and RERA guidelines. This boosts buyer’s confidence in investing in luxury apartments and plots in Chennai. These regulatory bodies bring transparency and trustworthiness to the real estate sector. Top builders offer CMDA and RERA-approved properties in upmarket locations in Chennai. Historically, it is seen that these properties have chances of higher appreciation value, which is an added advantage for home buyers.
Benefits of Investing in Luxury Apartments in Chennai
1. Location
Leading real estate builders in Chennai have many ongoing and upcoming luxury projects in prime localities. The location advantage allows you to live in an area with great connectivity and facilities. These localities have easy accessibility to recreational centres, educational institutions, and hospitals, ensuring a better quality of life. The infrastructure growth in these areas makes them top choices for any home buyer.
2. Amenities
Luxury apartments in Chennai have premium amenities such as a swimming pool, gym, banquet hall, and outdoor space capturing the essence of holistic living. People of all ages have space to thrive and lead a healthy life. Many opulent apartments have sewage treatment plants, access control security systems, and intercom facilities.
3. Floor Plan and Built Quality
Luxury living is not just a space; it is a concept. Builders invest heavily in bringing the best-in-class features like white sanitary fittings, modular switches, and premium wood finishes to build the apartment. Besides this, the floor plan is intelligently designed to ensure minimum or zero dead space, utility areas, and living spaces with ample lighting.
Luxury apartments in Chennai are built to give the comfort, security, and safety that one desires. It can be your primary home, where you give a superior lifestyle to your family. Top builders offer great facilities within the premises to ensure you don’t need to step out for your everyday lifestyle needs.
