From the beginning of the year 2017, there began a new phase to the real estate in Chennai. The increase in the state regulations, the tax subsidies, RERA, the PMAY housing scheme were some of the reasons as to why real estate took an uphill in recent years. Residential real estate has become the most sort after in the real estate sector in Chennai. Many buyers in Chennai are being seen to purchase near OMR and its suburbs. If you are first time home buyer looking to buy in the city, here are a few things you should be doing.
Look for proximity:
If you are buying your home in Korattur and your place of work is in OMR then would be travelling 32 km (straight line distance) back and forth every day. So, the first thing you should be looking into would be the proximity to your place of work and also different infrastructure facilities.
70% of first time home buyers in Chennai are young parents. It would be prudent for you to look for a place that is close to reputed schools and hospitals. Also, look for a location that is secure overall.
Look for a gated community in Chennai. A gated community is the safest place for a family and when you choose the right builder in Chennai you would be able to get the entire amenities within the gated community.
Background check on the developer:
When you have chosen the right spot that suffices all of your needs, you shouldn’t be jumping into a conclusion before choosing the right builder. You should be looking into the reputation of the builder and how well he had delivered his earlier projects.
Ready-to-move-in (RTM) properties:
Ready to move apartments could be beneficial because you could get the exact look and feel of the apartment that you are about to buy. GST charges are also not applicable for RTM apartments as of January 2019. If you are looking for an RTM apartment then Eden Park in Siruseri, off OMR has luxurious 1,2 & 3 BHK apartments with state-of-the-art amenities all within a single community lifestyle.