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Now is the time to buy a flat in Chennai

18 Sep 2014
By Team Doshi

Whether you buy a house or apartment to live in or for rental income, you just cannot go wrong by investing in real estate.

People all over the world consider buying a home a major achievement in their lives. Owning residential and commercial property always meant a good long-term investment that appreciates in value. And let us not forget the sense of security and ‘status’ that such ownership brings.

With the economic slowdown and rising costs of everyday living in India too, real estate prices did take a beating. But Uma Sitaraman, Lead Researcher – IIMB – Century Real Estate Research Initiative believes that, with the economy on an upswing and market sentiment positive now, equity markets are reviving and releasing money that can be reallocated into housing. As demand for housing / real estate grows, it follows that prices too will rise proportionate to the demand.

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So, are you putting off purchasing your own home because you expect that real estate prices will fall? Sorry, this is not going to happen. Prices have already bottomed out in India and, with the improvement in sentiment, will only start rising.

Sanjay Chugh, Head of Residential Services at Jones Lang Lasalle India says, “Chennai is a preferred choice among other metros in terms of residential investment and capital appreciation. So buyers should be optimistic as the residential market picks up pace this year and make a conscious decision to pre-empt the curve and ride the upswing. The opportunity is now.”

It makes sense to invest in housing now. Be wise. Don’t wait. (The avalanche of offers and goodies that developers are offering at present will not be here forever.)

Chennai is known for its sound educational, cultural and healthcare infrastructure. With a growing presence of  IT, automotive and manufacturing companies, and its malls and multiplexes, this city is an excellent place to invest in. ‘Huburbs’ are flourishing along these corridors on OMR, ORR and ECR  and Doshi Housing can offer you a wide choice of apartments, sizes and locations to pick from. ongoing projects in Perungudi & Vengaivasal (Nr Medavakkam) and forthcoming projects in OMR - Karapakkam and Vengaivasal.

Come on over! We’ll give you all the details.