After a downfall of 13% in realty market in Chennai, right after the implementation of demonetization in 2017 and with the adverse effects of GST and RERA, the real-estate of Chennai has become a centre of attraction for the buyers. The buyers having bargaining mindset are now buying their desired properties in Chennai at comparatively low prices, mainly due to a 3% downfall in the asking prices of apartments.
Due to the high levels of unsold inventory, special cash discounts and other attractive benefits are being offered to the investors from the leading builders on their dream projects in Chennai. An adverse impact of recession till the first half of 2017 is gradually decreasing and the market is re-emphasizing now once again. According to the experts, the things will be even more accessible and Chennai’s real-estate market will boom rapidly once again. With all these attractive deals and a more calm and healthy environment of Chennai among other metropolitans is attracting the buyers to invest here in the properties.
Why Kelambakkam is one of the best options to invest in a property at Chennai?
There are many localities in Chennai where leading groups are developing their dream projects. Out of all these, Kelambakkam, nestled on Old Mamallapuram Road has a special importance due to the presence of Kovalam Beach and a close vicinity to Asia’s largest information technology (IT) park, SIPCOT IT Park. Kelambakkam has an easy access to other localities of the city, due to its closeness to State Highway 121 and the Kelambakkam-Kovalam Road. There are numerous other facilities well-connected to this tourist hotspot including major hospitals like Chettinad Health City and Praveena Hospital. Kelambakkam has become a favourite location for the buyers to invest in a property here, there are many dream projects being developed in the locality from the leading real-estate groups.
Pbel City: A New Experience of Luxurious Lifestyle in Kelambakkam
With the growing demand of home buyers to invest here in Kelambakkam, plenty of options are available to own a dream house here. Out of all these, a strong recommendation to invest upon a property in Kelambakkam is PBEL City. It’s a new residential complex from PBEL Property Development of India Pvt. Ltd. The project includes 2, 3 BHK luxurious apartments of area sizes starting at 1033 sq. ft. and going up to 1733 sq. ft. Each of these units can be owned by you between the price range of Rs. 38.73 lakhs to 64.98 lakhs, depending on the size and facilities offered. The spacious apartments in this complex are crafted with beautiful interiors and exteriors and are designed innovatively with modern looks.
A plenty of amenities are offered to the residents of this complex including swimming pool, gymnasium, kids’ play area, yoga centre, club house, community hall, security round-the-clock with CCTV surveillance, car parking, dedicated lifts, etc.
The project at PBEL City Chennai is well-connected and in close proximity to all major destinations and facilities of the city. EMI options and attractive deals are being offered to the residents by the banks and developers.