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Tamil Nadu Property Market Tamil Nadu is a state located at the southern tip of India. It is bordered by Puducherry, Kerala, Karnataka, and Andhra Pradesh. The state caters to a large population of 62,110,839. This is also one of the factors that have fuelled the demand for properties in Tamil Nadu.
There are many cities in Tamil Nadu which are undergoing paradigm shift because of their booming property market. Chennai, the capital of Tamil Nadu, is zooming upwards as far as the real estate is concerned.
Offering an excellent blend of tradition and modernity, Chennai possesses the positive influences of a westernized culture while retaining a flavor of rich tradition and heritage. The city has shed its old image of being known as a conservative laid back city and fast caught up the pace with the exclusive lifestyle trends. A major part of the credit goes to emergence of IT companies which has given a strong push to Chennai
property market.
Chennai infrastructure has been rated as the best by cross border investors. The proposed Chennai Metro Mall is to soon come up to support the existing infra city transport. Taking a look at commercial properties in Chennai, they are also fast catching up with flourishing Bangalore and other Tier I cities.
Lack of infrastructure facilities in Bangalore forced the IT and ITes companies to look forward to Chennai properties. Experts expect a steady growth of 10% for Chennai real estate in 2007.
Close on the heels of Chennai is Hosur which is located about 40 kilometres south east of Bangalore. Known for its manufacturing industries and mediterranean climate, Hosur has also been making rapid strides in real estate market.
Real estate prices in Hosur are 25-30 per cent less than Bangalore which is located closest to Hosur. Hosur prospects of attracting industrial and employment generating industries seem bright and excellent in near future.
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