The Important 3Ps of Real Estate in Chennai

There is a lot that has been said and read about real estate in Chennai. The city hasbeen considered one of the best places for commercial and residential real estateinvestment in the country. While, there may be a number of reasons that promoteChennai real estate; every investor must meticulously consider three important Psbefore arriving at purchase decision. Real estate is often an alluring market. It isimportant and yet has many inherent traps that can decline buying experience andenable a bad purchase. So, what are the 3Ps?

1. PlaceLocation or place is one of the most important factors when it comes to realestate investment. Regardless of rental or purchase; location of property is of

prime significance. Place does not just pertain to currentyields but also in terms of obtaining higher return oninvestment on a future date. There are different pocketsof Chennai that carry a higher price tag than many

others and this is primarily the reason why location plays a huge factor when it

comes to property or rental gains. However, your choice of location is alsodependent upon your budget and finances.

2. PricePrice is sometimes the first or second important factor when it comes to make areal estate investment. Real estate in Chennai has today scalednewer heights with steep increase in price and even biggerincrease in demand. Price and returns have a simplecorrelation. Most often than not, price put in determines theprice you are likely to take home today or tomorrow. Thismeans bigger the input gets, greater the returns are likely to be.However, your budget plays a very important role in facilitating a purchasedecision.

3. PurposeIsn’t that the most obvious of factors? Some people invest in real estate becausethey want to buy a home to live in, some purchase for re-sale, many others forletting it on rent and few others buy them for investment purposes. The purposeof purchase also is an important determining factor in arriving at the right choiceof investment.

Real estate in Chennai is a large and vibrant market filled with abundant possibilitiesand innumerable opportunities. How it can be made of use to every investor is largelydependent upon certain factors and the 3Ps play a significant role in arriving at apurchase decision. Commercial real estate investment is not a far-fetched chapter inthis regard.

ABOUT US

Akshaya was founded in 1995 under the stewardship of Mr. T. Chitty Babu, a leading light ofthe real estate industry in India. It has grown into one of the most awarded companies in thecountry acclaimed for its transparent business practices and innovation. The journey over thelast 19 years has seen the company excel in both the home and commercial domains bybuilding more than 150 magnificent edifices in South India.

CONTACT US

Akshaya Services Private LimitedCapitale,

No. 22, 2nd Street, Nehru Nagar,Adyar, Chennai - 600 020.

Tel: 044 - 2445 1818Website:www.akshaya.com