There is something about luxury apartments in Chennai that makes its demand distinct and proliferating. Although, luxury comes at a price; there is a good demand from a substantial segment of population to invest in such opulent properties especially in the recent times.

1. What Chennai has that other Metros don’t when it
comes to Real Estate?
There is something about luxury apartments in Chennai that makes its demand distinct
and proliferating. Although, luxury comes at a price; there is a good demand from a
substantial segment of population to invest in such opulent properties especially in the
recent times. Earlier, luxury apartments and lavish villas were concentrated in specific
areas of Chennai like Boat Club road, Adyar, Besant Nagar, Cenatoph Road and the
likes. Today, almost every area in the city is characterized by opulence in some form or
the other. While a larger part of investing community continues to prefer more
affordable real estate; the demand for luxury residential apartments in Chennai is
slowly making its presence felt.
Real estate in Chennai vs. other metros
Chennai has suddenly emerged as a place where the affluent and well-to-do have the
means to buy and the city has the space to offer. And as the demand for housing and
purchasing power increase in the city, more and more luxury apartments in Chennai

2. are characterizing its landscape. These high-end homes have a number of substantial
amenities that render a taste of urban living. The real estate market in the country has
faced its fair share of ups and downs. Other metropolitan cities have faced severe
decline in demand but there has not been much of a bad stir in Chennai and there are
profound reasons for this.
Residential apartments in Chennai, regardless of price continue to face an upswing in
demand when compared to other metros and this is because of two important reasons.
1. Space
Chennai has considerably more space when compared to other metropolitan
cities. Today, real estate investors
prefer lung space when it comes to
living. Chennai is a growing city
economically, geographically and
technologically. The sudden spurt
of growth has thrown up vast
expanses of land for the purpose
of
real
estate
development.
Builders in Chennai are today
conscious of the dearth of land in other cities and hence have constructed larger
homes and apartments both within and a little further from Chennai. Luxury
apartments in Chennai have a lot of lung space and urban amenities for
comfortable living.
2. Price
Price often is one of the most important determinants of property purchase
decision. The price of residential properties in other
metros is alarmingly high. But residential apartments
in Chennai are relatively more affordable by most
sections of the city. And differential pricing according
to location helps to cater to all budgets.

3. ABOUT US
Akshaya was founded in 1995 under the stewardship of Mr. T. Chitty Babu, a leading light of
the real estate industry in India. It has grown into one of the most awarded companies in the
country acclaimed for its transparent business practices and innovation. The journey over the
last 19 years has seen the company excel in both the home and commercial domains by
building more than 150 magnificent edifices in South India.
CONTACT US
Akshaya Services Private Limited
Capitale,
No. 22, 2nd Street, Nehru Nagar,
Adyar, Chennai - 600 020.
Tel: 044 - 2445 1818
Website: www.akshaya.com