Whenever we buy or plan to buy something, we first contemplate the advantages of the product or the value it will add in our life. The same applies to people planning to buy flats in Chennai. Accordingly, Chennai is a large, vibrant metropolis and an economic centre located in the south of India.
Buying a property in Chennai comes with its own fair share of advantages such as the one mentioned below.
- Buying a house is an investment and also boosts your income
First but foremost, we all know buying a house is an investment which also boosts the owners income, if they rent it. However, the investment becomes very considerable if the property is located in Chennai - a major metropolitan of India. Plus, a house in Chennai is likely to garner more income from rental compared to a property in Kolkata, Pune and other tier 2 city.
- Buying a house in Chennai can help you earn good ROI
It is quite evident the population in India is increasing day by day, may be at a slower rate than previous decade, but the growth is there. Hence, the rise for housing properties will increase someday or the other, it is definite - and Chennai being a metropolitan, will be affected the most with the surge in demand. Thus, with limited land to build new apartments, the rate of existing apartments in Chennai will go up. This eventually means the property appreciation rate will go up by a considerable margin, and you’ll earn a significant ROI from your investment.
There are a number of lenders also available to finance your property purchase. Using a housing loan, you can be availing financing of up to Rs. 3.5 crores which can be repaid back in a tenor of up to 240 months.
There are a number of lenders also available to finance your property purchase. Using a housing loan, you can be availing financing of up to Rs. 3.5 crores which can be repaid back in a tenor of up to 240 months.
Additional Read: Benefits of Buying an Apartment in Chennai
