There's a steady surge in the number of buyers for luxury apartments in Chennai from the past few years. The credit for real estate business picking up in the last five years can be attributed to the IT sector and allocation of special economic zones (SEZ). The city of Chennai is amongst the fast growing cities in the country and few people wouldn't like to invest in a home in such a place.

Various reputed developers are launching their projects in this area as there is availability of plenty of residential plots. From multi-storey apartments to stylish villas, buyers have various options to choose from. In 2013, capital value of multi-storey apartments in Sriperumbudur was between 15-63 lacs INR whereas capital value of villas was between 18-73 lacs INR.

They say, one should cut the coat according to one’s pocket, but since buying a home involves your bank or other money lending organizations, it is essential to set a budget for this investment. Check your eligibility of availing a loan and consider the total payable amount carefully as it would be a long term repayment.

Various local as well as national property developers are making heavy investments in Chennai’s residential property market. Between 2012 and 2013, more than 1000 Crore INR was invested in land primarily for development of residential properties in Chennai.

Real estate developers in the city are launching luxurious projects to lure wealthy buyers from all over India. They are developing apartments, villas and penthouses for buyers who are ready to pay for high-end homes laced with world-class amenities.

Many real estate developers are launching their projects in Marathahalli and Sarjapur Road. As per industry reports, Marathahalli is one of the most sought-after areas for property investment along with Koramangala and HSR.

Bangalore has been witnessing a surge in demand for luxury housing units. According to a report by JLL India, a real estate consultancy firm, Bangalore is one of the top ranked markets in the luxury property segment in India.

Average rate of a house in many areas of Bangalore has become unaffordable for the middle-income buyer. Real estate experts are of view that buyers who wish to own a property in Bangalore will have to wait and watch the market changes before venturing into realty investment.

Real estate companies in Chennai are launching exciting new projects in the residential and commercial property segment. Various township projects have also been launched to offer community-living experience to the residents. Developers are focusing on generous landscaping and offering schools, club houses, health club, swimming pool, restaurants and healthcare facilities inside the campus. These township projects are being built in close proximity to restaurants, multiplexes and other entertainment avenues.