High hopes with Chennai housing market

In the past few years, the real estate sector of Chennai is showing a good demand among potential buyers despite a slump in the share market and other sectors in India. The demand in the residential sector of Chennai continues to escalate especially in suburbs like Chrompet, Tambaram, Pallavaram, Mudichur, Sholinganallur, Madipakkam, Vandalur and Mannivakkam.

Due to overcrowding in the main city areas, the real estate developers are focusing on the suburbs to reap mid-term to long term benefits on investment. The area close to NH-5 which covers the suburbs of Vandalur, Mudichur, Malayambakkam-Mangadu and Mannivakkam are emerging as high growth residential areas and potential buyers are showing keen interest in purchasing lucrative properties like Mannivakkam house.

manivakkam

Core Features of Mannivakkam Translating It into a Promising Residential Destination:

  • Connectivity: It is well connected by MTC buses and the nearest railway station is the Vandalur Railway Station. The other nearby railway stations are Karasangal, Guduvancherry, Perungalathur and Urapakkam railway stations. Tambaram is the heart of the new Chennai city. Mannivakkam is situated 10 minutes away from Tambaram on the GST road. It has access to Oragadam automobile plant by a six lane highway.
  • Locality: It is a prime location and it houses reputed schools, colleges like Velammal International School, Peri Engineering College and Peri School. It is also home to many multi-speciality hospitals, ATMs, maternity, eye and orthopaedic hospitals.
  • Recreational Facilities: It is a promising residential hub bestowed with zoos, theatres, malls, Children Park nearby Maneswarer Kovil.
  • Improved Lifestyle: It is in close proximity to Mahindra World City which is India‚Äôs first eco-friendly business city. This city houses the corporate giants like Infosys, Capgemini, Wipro, etc. Mushrooming of the IT sector and simultaneous generation of jobs has led to an increase in the buying capacity. As a result this locality is witnessing an upsurge in the standard of living. And is transforming into a plush living destination.

Thus robust infrastructure, burgeoning IT sector, improved lifestyle is translating Mannivakkam, a suburb in Chennai into a lucrative destination for real estate players and a favourable housing destination for potential buyers. Hence investors are increasingly being attracted to buy a house in Mannivakkam.

 

 

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7 Most affordable housing projects in Bangalore

The growing population base in Bangalore has given rise to the need for low cost housing that even the lower income segment of the society can afford. A number of builders cater to the low budget housing needs of the customers in the city. So, if you are planning to buy affordable house in Bangalore, here are the top seven budget builders you can consider according to Sulekha Properties.

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  1. VBHC

Value and Budget Housing Corporation is a leading player in the budget housing segment in Bangalore. The most advanced technology and design methods are used to create innovative projects. Currently they have two projects under construction in Bangalore. Palmhaven-2 located near the Bangalore-Mysore State Highway is a township project offering 1&2 BHK homes with all modern amenities. Serene Town near Whitefield offers 2&3 BHK apartments with top-end facilities for a great price.

  1. Shriram Properties

With a widespread presence in South India, Shriram Properties has relentlessly delivered world-class housing solutions for affordable prices. Their projects provide high standards of living with minimal cost. Buyers looking for low budget residential options can choose from their ongoing or upcoming projects under Rs. 50 lakh in Bangalore.

  1. Esteem Group

A major presence in the budget housing sector, the Esteem Group has delivered homes and apartments that meet the requirements of the low budget buyers. Modern contemporary villas and apartments are available for absolutely affordable prices in various locations in Bangalore. They have a number of ongoing, upcoming, and completed projects that offer the best living experience to the home buyers.

  1. Skylark Mansions

Skylark Mansions makes sure that each of their projects is free of any litigation and that all paperwork is in place before handing over the property to the customer. Eco friendly living spaces are created with resource optimization and quality in construction. Their ongoing projects include 1-3 BHK apartments and penthouses in Bangalore.

  1. Sterling Developers

A pioneer in budget residential projects, Sterling Developers provides fine living spaces with the most modern facilities and amenities. They have a number of economy projects to cater to the growing need for affordable housing in Bangalore

  1. Maithri Developers

High quality construction is provided for a low cost by this builder. Their projects have a wide range of leisure and sports facilities and require minimal maintenance cost. Home loan assistance, interior installation and properties at premium locations are some of their additional services.

  1. Jain Housing

A long time player in the affordable housing market, Jain Housing provides elevated standard of living for a low price.