The educational and healthcare facilities, infrastructure and quality lifestyle provided by the city of Chennai has always attracted investors from all over India. The city is a favourable residential destination that continues to witness the inauguration and development of new residential projects all across its region. The high returns on investments made in the city make this city an ideal location for real estate investments. Developers as well as consumers are always confident when investing in these projects for they prove to bring them profits. The IT, electronic, automotive and other industrial growth in Chennai has produced immense employment opportunities in the city. The city is also witnessing a growth in the number of hospitals, schools, malls and multiplexes in it. With the increase in population transportation facilities are being upgraded in the city. According to experts soon the launching of real-estate project in the area will minimise and with further increasing demands the property prices with start to escalate exponentially. Present times are the most favourable times to invest in the region.
Property market of Pallikaranai
Located in the southern suburbs of Chennai is the fast-developing locality of Pallikaranai. The region includes well-known parts of the city such as Velachery, Medavakkam, Kovilambakkam, Karapakkam, Perungudi, etc. Several well-recognised real-estate developers such as Puravankara, Nahar Foundation and Paramount are working on innovative premium residential projects in the region. Its proximity with the commercial hubs of Chennai makes it a much-preferred residential destination. The locality of Pallikaranai have great housing options for mid-income and premium home enthusiasts. The civic amenities are being upgraded in the region along with the development of the retail and hospitality sector. The area has rich bio-diversity and includes some lovely waterbodies thus giving the projects located here a lush green environment. Major roads connecting this area with rest of Chennai are Thuraipakkam Main Road, Inner Ring Road and Velachery Main Road. It has several major bus stands, railway stations, metro stations and the international airport in its proximity. The locality is also home to more than few offices of prominent brands and several other schools and colleges.
The current real estate scenario
According to Ashish Puravankara the Managing Director of Puravankara Projects Limited, the new upbeat style of governance that the new Indian government is known for shall prove to be benefitting to the real-estate market. The market is being cautiously optimistic and expecting brighter future with the appraisal of economic activities in the country. The Indian real estate market has witnessed drastic changes in the demands of their perspective buyers. The consumer today is more aware and demands value for money. They look for finest of quality, best in class features and world class amenities in their dream homes. Implementation of the Real Estate (Regulation and Development) Bill has generated accountability on the part of the developers thus protecting the interests of the consumer. The bill will benefit genuine developers and help the market grow further.
About Purva Windermere
The iconic real-estate development brand, Purvankarais launching its latest presentation in the city of Chennai at Pallikaranai. The project Purva Windermere is a super-premium luxurious residential project that is spread over 55 acres of prime lands. The residential towers have stilt plus 7 floors. The project encompasses 21 blocks of residences available in variants of 1, 2, 3 and 4 BHK sets. The apartments are expansive in design and cover an area up to 2712 sq.ft. The prices of these sets start at Rs. 30.99 lakhs. Fitted with top quality fittings the estate offers you24-hour water supply and power backup facilities. Provisions are made for numerous amenities in the project including, clubhouse, meditation centre, shopping centre, several sports facilities, kids’ play area, swimming pool, gymnasium, day care centre, multipurpose hall, restaurants and a lot more.