By Manan Vyas
After taking a major body-blow from the floods in 2015 and reeling in the political instability in the consecutive years, Chennai’s real estate market is set to make a comeback. The city witnessed a dip in new launches in 2017, and a survey by Jones Lang Lasalle had shown that it had the highest percentage of completed unsold inventory in the country.
Family time has never been more perfect [shot on location]However, according to reports from Anarock Property Consultants, with restricted supply and stable demand, absorption improved in 2017, and unsold inventory consequently decreased by 24% in Q4-2017 vis-à-vis Q4-2016. With such findings, the market is being believed to be on the road to recovery on a new momentum on the back of continuous infrastructure upgrades and inward migration of working population responding to the increasing employment opportunities.
A living room for the ages [shot on location]In fact, Old Mahabalipuram Road (OMR), christened as Chennai’s IT corridor, is being pegged as an upcoming real estate hub, with rapidly developing infrastructure boosting the residential real estate market. Reputable builders such as the Prestige Group are now diverting their attention to the area with upcoming projects. A notable addition to this part of the town is Prestige Courtyards, which seeks to bring back low-rise apartments for residents who value ample space, balanced with the social security that apartments offer.
Start your day with natural light [shot on location]Notably, the project has managed to nestle itself beside a scenic lakefront, thereby offering a home with ample exposure to the marvels of nature, while being rooted in the heart of the city. OMR also enjoys widespread road connectivity, with the presence of key IT/ITeS parks and Special Economic Zones (SEZs), and popular shopping malls all in its vicinity.
Redefining class [shot on location]The proposed Chennai Metro Phase-2 is expected to further boost the lucrativeness of the area, transforming this stretch into one of the hottest realty markets in the city on account of skyrocketing demand. The National Highway is merely a kilometre away, ensuring seamless connectivity to its residents. In addition, families would appreciate the fact that the area is home to more than 20 schools and 16 hospitals. Location wise, the project is therefore definitely a win-win!
Simple and elegant [shot on location]Further, each of the eleven towers at Prestige Courtyards consists of ground plus three floors, with a combined basement reserved for car parking. Every structure comprises of expansive courtyards connected by broad celebratory walkways which are free from vehicular movement, and allow greater socialization with your neighbours. Besides, the clubhouse is laden with amenities that can put any five-star hotel to shame.
Live life king size [shot on location]For children and adults alike, the project houses a badminton court, gymnasium, swimming pool, and several indoor games. Additionally, facilities such as a salon, an outdoor party area, a crèche, a health club, a supermarket space, and a mini theatre make the project largely self-sufficient.
Could a kitchen be more stylish? [shot on location]The citizens of Chennai, those planning to shift, or those looking for good investment opportunities hence, definitely need to check out projects such as Prestige Courtyards. For more information, you may visit their website, which contains all details you might need to make one of these homes your own. Learn more about the Prestige Firm and their other projects, then add Prestige to your life.
Stay updated with all the insights.
Navigate news, 1 email day.
Subscribe to Qrius