Chennai Thiruvanmiyur 2 BHK Flat for Sale

2Bhk flat for Sale @ 4th Seaward rd, 

Valmiki Nagar, 

Thiruvanmiyur.    

Build up 960sqft, 

UDS 606sqft. 

Price. 85Lakhs. 

1 OCP. 

2nd floor with Lift

For all your Chennai Real Estate Requirements:

wa.me/919940382149

Real Estate in India to pick up in 2021

 Real estate demand is likely to pick up in 2021 amidst the Pandemic as more and more buyers prefer to buy their own homes and many looking at upgrading.

With many companies still offering work from home options due to Corona Virus Pandemic, those working from home realized importance of a workstation or study room at home. Several Builders started including additional Work From Home facilities in their new Projects.

With schools conducting online classes, children also needed more space at home to attend classes and play. 

With lockdown induced savings helping buyers to put their down payment upfront, Builders offering special discounts to offload their unsold inventory, Banks offering lowest Rates of Interest on Home Loans ( ROI Lowest in the past 14 years) All factors point to demand picking up for Real Estate through 2021.

For all Chennai Real Estate Requirements:

wa.me/919940382149

Factors affecting sale price of properties

Following factors influence the sale price of Apartments , this has a bearing on land price ultimately .

1. Nearby micro market study
2. Proximity from the main road
3. Retail Market
4. Neighbourhood
5. School /Malls
6. Travel Network
7. Demand Drivers
8. Water Facility
9. Daily Needs (Market)
10. Future Development
11. Government Facility
12. Kind of Structure (S+5, MSB)
13. Road Width
14. Hazard Zone
15. Size of the road
16. Future Road widening (Proposed)
17. FSI
18. Population (Clarity of the Location)
19. Soil
20. Flooding
21. Bank Funding for units
22. Pollution
23. HT Line
24. Vaastu
25. Size of the Unit
26. Government Subsidy
27. Supply
28. Competition Pricing
29. Competition Pricing of Micro Market
30. Land Availability
31. Intrinsic  Value of the property
32. Future Project
33. Velocity
34. Demand
35. Government Stability

Chennai Residential Market

Chennai Residential Market sub-divided into 3 categories-

1. Luxury
2. Premium
3. Budget

Chennai Residential Market buyers are categorized as-

1. First Time Buyers
2. Second Home Investors

Major growth happening in 4 corridors:

1. NH4
2. OMR
3. GST Road
4. ORR-Outer Ring Road

Chennai Residential Market segmented into 6 micro markets based on Capital Values:

1. Premium-Boat Club,Poes Garden, Harrington Road, Nungambakkam@16,000/Sqft
2. Central-Adyar, Alwarpet, Anna Nagar, Besant Nagar, Egmore, Kilpauk, Kotturpuram, Mandaveli, MRC Nagar, Mylapore, R.A. Puram, Santhome and T. Nagar@10,000/Sqft
3. Off-Central-Kodambakkam, Thiruvanmiyur, Ashok Nagar, Koyambedu and Velachery@7,000/Sqft.
4. Southern suburbs-OMR, East Coast Road, GST Road, Pallikaranai and Medavakkam@3,500/Sqft
5. Western suburbs-Ambattur, Avadi and Mogappair@4000/Sqft
6. Northern suburbs-Perambur,Kolathur,Madavaram@3500/Sqft

Source:http://www.frontline.in/stories/20110812281611200.htm