Which is best choice in Chennai? Villa or Apartment

Which is best choice in Chennai? Villa or Apartment

If you’re in the process of choosing between a villa and a flat in an apartment complex, here are a few things to keep in mind to help you make a real estate investment. In all likelihood, buying a house, be it for living or as an investment, will be one of life’s biggest expenses, which is why it is all the more important that you choose the right property with care. Migration of IT professionals for jobs to the city has resulted in an exponential demand for apartments in Chennai.

Chennai, for a long time, was known as a city of beautiful bungalows and villas. People preferred to live in their own independent homes. However, this trend has changed over the last few of years. "There is a shortage of large land parcels in the city. Add to it, the escalating property prices and the revision of Floor Space Index (FSI), which have resulted in developers opting for vertical development and venturing into more high-rise developments in the suburbs or peripheral locations

Price Difference:

Price is one of the most important determining factors that drives a real estate decision. When it comes to the villa vs. apartment, price favours the purchase of a flat in an apartment. At the same time, Villas are higher priced when compared to apartments. Villas also trump apartments in aspects like maintenance cost which is at a costlier side.

Influx of IT companies:

Steady economic activity, policy initiatives aimed at attracting investments and the availability of skilled manpower have positioned Tamil Nadu as one of the leading investment destinations in India. Chennai in the last few years has also seen the advent of a lot of Information Technology (IT) and Multinational Companies (MNCs), which has led to an increase in the migration of young professionals to the city. More peoples have come to the city for better job profession, prefer living in easy-to-maintain apartments with comparatively lower rental costs. These all are triggered the demand for vertical development in Chennai.

Easier to customize:

Villas offer more freedom when it comes to making modifications to your home. Independent houses can also be modified to reflect the changing styles in the housing market. This degree of freedom is often found lacking with a flat in an apartment. There can be no easy expansion or reconstruction in a flat which, on the other hand, can seem pretty straightforward in the case of a villa.

Latest Design technology:

Comparing Chennai with other top cities. The latest trend in Chennai indicates that the city is gradually warming up to vertical growth with at least 16 percent of the projects launched in 2019 having high-rise towers with 21 floors or more Chennai has witnessed steady growth in residential sales and an upward swing in the affordable housing segment due to the initiatives taken by the government. The launch of several new business parks by prominent local and national developers is also one of the major reasons why Chennai's real estate sector has witnessed a revival in demand from end-users and investors.

This is the right time to invest in a new home. And if you are looking apartment or villa for buy, kindly visit www.nimmadhi.com to book your dream home!