Types of Real Estate Investments in Chennai?

Tamil Nadu's capital, Chennai, has long been associated with a warm environment and a traditional style of life, which has discouraged prospective homeowners from choosing Chennai as their place of residence. However, that tag has long since vanished.

Chennai has expanded greatly during the past few years in many facets. It might be the expansion of the real estate industry or infrastructure development. Chennai continues to welcome immigrants from all over the nation. The city extends a warm welcome to you, providing a professional platform for your growth and a highly developed city to live in since the IT and infrastructure boom occurred.

Chennai is renowned as the largest economic, cultural, and educational centre of South India because of its first-rate academic programmes, an abundance of green space, and an amazing metropolitan lifestyle. Chennai's infrastructural improvements will help propel the real estate sector to unprecedented heights. The Chennai government of today has made several announcements aimed at fortifying and energising the city's infrastructure. A handful are listed here!

- Chennai The city's Metro Rail is a huge benefit. With this, we anticipate that the city will undergo a significant metamorphosis as the Metro Rail network expands to more and more locations, propelling Chennai's growth.

- The Chennai Metro Rail Project's second phase is now underway and is anticipated to be completed by 2025.

- Building a flyover to connect Sardar Patel Road and Rajiv Gandhi Road at the Madhya Kailash intersection.

- Next, a subway at the intersection of Inner Ring Road and Mount Medavakkam Road. Additionally, there is an elevated walkway along Mount Poonamallee - Avadi Road.

- Building a service road and pedestrian subway to link East Tambaram, West Tambaram, and Mudichur. Additionally, the Singara Chennai project has been given new life.

The government has started investigating the deficiencies in several interior areas' infrastructure and has made plans to improve them appropriately. Numerous plans exist for bolstering state and federal highways, and town and municipality roads, enhancing the sanitation system, revitalising water bodies, enhancing street infrastructure, and more.

Now are you so in love with this city that you want to dive into investing in some of the best property in Chennai! Then continue reading to find the types of real estate investment options available in Chennai.

RESIDENTIAL PROPERTY

Anywhere that people live, or stay is considered residential real estate, including single-family homes, condominiums, and vacation homes. Income streams for investors in residential real estate include receiving rent from tenants, realising appreciation on their property between purchases and sales, or both.

Residential real estate investment can be made in a variety of ways. It might be as easy as leasing a spare room or as difficult as purchasing a home to resell for a profit.

Apartments

In today’s era of rapid urban development, apartments have emerged as a preferred choice for residential living in metro cities. The scenario in Chennai is also similar. This preference can be attributed to the allure of gated communities, which offer a plethora of amenities, enhancing the quality of life for residents. Furthermore, the versatility in housing options, ranging from compact studio rooms to spacious 5 BHK apartments, caters to a diverse set of needs and preferences.

Checkout Apartments in Chennai and make your dream home come true.

Individual House

If you’re looking at the Chennai skyline, you’ll notice a mix of individual houses dotting the cityscape. These aren’t just buildings; they’re diverse expressions of home. From compact 2 BHK homes perfect for budding families, to sprawling 5 BHK residences for larger clans, there’s a place for everyone. What sets these houses apart is the sense of freedom they offer. You’re not just buying a house; you’re creating a home that’s a reflection of you. When you’re house hunting, keep an eye out for the location, safety, and proximity to essential services.

Find your dream Individual houses in Chennai here!

Duplex Houses

In Chennai, you’ll find that duplex houses have a charm of their own. These homes, with their unique two-level design, are perfect for those who crave both space and privacy. Whether you’re a small family looking for a snug 2 BHK or a large family needing a roomy 5 BHK, there’s a duplex out there that’s just right for you. And the best part? You’ll find these homes in all corners of Chennai. Prices can vary, influenced by factors like location, size, and the amenities on offer. Many duplexes come with modern comforts and are conveniently located for easy access to essential services. Some even come with their private garden or terrace, perfect for those quiet evening teas or early morning yoga sessions.

Penthouse

A penthouse is a luxury apartment or unit that is located on the top floor of a building. They are known for their high-end features, expansive layouts, and often, spectacular views. In Chennai, there are several options for penthouses available for sale. For instance, you can find a duplex penthouse located on the 15th and 16th floors of a building with a size of 3,200 sqft. These are just a few examples, and there are many more options available in different localities of Chennai. The features of these penthouses can vary greatly depending on the location, size, and amenities offered.

Row Houses

Row houses, also known as terraced houses or townhouses, are a type of residential housing where individual homes are arranged in a row, sharing side walls with the houses next to them. They are popular in urban areas due to their efficient use of space. They are a great option for families, offering more space than apartments but are generally more affordable than standalone houses.

Plots

A plot, or a piece of land, is a blank canvas in the realm of real estate. These plots come in a variety of sizes, catering to a wide spectrum of needs and budgets. Owning a plot gives you the liberty to design and construct a structure that mirrors your unique vision and lifestyle. It’s not just a piece of land; it’s a long-term investment that can yield significant returns over time. However, buying a plot requires careful consideration. Factors such as location, size, price, legal status, and access to basic amenities like water, electricity, and roads play a crucial role in the decision-making process. It’s also important to ensure that the plot has the necessary approvals from the relevant authorities.

Discover the potential and lucrative Plots in Chennai.

COMMERCIAL PROPERTY

A business's space that it rents or leases is known as commercial real estate. Commercial real estate includes things like petrol stations, office buildings rented by individual companies, strip malls housing numerous distinct businesses, and leased eateries. Every firm would pay rent to the property owner unless it owned the property outright.

Commercial real estate can include both retail and industrial properties. Properties such as factories and warehouses where goods are manufactured or stored instead of being sold are referred to as industrial real estate. A property owner may receive a larger and more consistent stream of income over the long term from commercial properties because they typically have longer leases and can fetch higher rent than residential properties.

Industrial real estate

Industrial properties are typically larger and situated outside of urban areas. They rarely have another use and can be very old or very new. Once more, there may be a number of sub-segments within this category, such as factories, machinery assembly units, various kinds of warehouses, or even a research and development centre. any real estate utilised for production, distribution, manufacturing, storage, and R&D.

Office

Urban and suburban office buildings are the two main categories into which Office real estate falls. Skyscrapers and high-rise structures, some of which may be as large as several million square feet, are examples of urban office buildings that can be found throughout cities. On the other hand, office buildings in the suburbs are often smaller in size and occasionally found in office parks. Both single-tenant and multi-tenant office buildings are possible, and many are constructed to suit.

Retail

Retail refers to the business spaces that house the stores and eateries that we often visit. They can be standalone, single-use structures or multi-tenant, frequently with a lead tenant who directs traffic to the leased property. The retail industry is complex since various factors, such as a shopping centre's size, idea, types, number of tenants, and trade area, determine its type.

Multifamily Residential

When a single entity owns five or more residential units, those properties are categorised as commercial real estate. All residential real estate other than single-family homes, such as apartments, condos, co-ops, and townhomes, is categorised as multifamily.

Hotels

The hotel industry includes businesses that offer lodging, food, and other services to tourists and travellers. The hotels can be highlighted, which indicates they are a part of a large hotel chain, or they can be independent. In fact, the selection of hotels includes resorts, extended-stay options, and boutique hotels.

Warehouse

This warehouse often spans between large unit sizes, making them extremely big. These assets are frequently utilised for product distribution within a region, therefore vehicles need to have easy access to get to and from highway systems.

Mall

Large areas are typically available for product displays at malls, which also typically house a few anchor tenants like department shops or major merchants. Malls attract a large number of customers from both the surrounding area and beyond.

Mixed Use

Despite their uniqueness, mixed-use projects can combine any of the commercial real estate categories outlined above. The most prevalent kind of mixed-use properties, particularly in urban areas, are retail and restaurant establishments with apartments or offices above.

Commercial Land

Any plot or area of land used for business and used to turn a profit is considered commercial land. This indicates that the area is home to hotels, office complex, shopping centres, parking lots, warehouses, industrial property, and medical facilities. Commercial land often includes apartment buildings and other residential structures that might be profitable. This includes undeveloped, raw rural property as well.

Special Purpose

Investors in commercial real estate may hold special-purpose real estate, but it does not belong to any of the aforementioned industries. Examples of special-purpose facilities are open spaces used for fairs, amusement parks, churches, self-storage, and bowling lanes. Publicly owned property includes parks, libraries, government facilities, cemeteries, schools, and houses of worship.

Now, have you decided what property to invest in? Then jump in and find verified residential and commercial property in Chennai here at Chennai Properties. The most trusted real estate portal in South India.