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Low Cost Housing in Chennai

Chennai is popularly known as the city of temples. The low cost housing in India- Chennai has been made possible by the builders who made a huge profit by selling affordable homes in Chennai. Making it easily affordable contributed to rise in sales of low cost homes in Chennai. Low budget houses in Chennai are available in a number of areas a little away from the main city. These are all new upcoming areas which are well connected to the main city by road, rail, and from the airport. The flats available in these areas range from Rs 25 lakhs and goes up to Rs 45 lakhs. Depending on the locations, you need to hunt for homes that are cheap but have the basic facilities. 

Low cost housing market in Chennai

rom properties promoted by developers big and small to a range of localities outside the city limits, the choice of owning an affordable house only got bigger at ‘Budget Home 2010'.Some of the builders, including TVH, Marg Properties, ETA Star, Jain Housing and Constructions and Lancor Holdings, are promoting both budget housing as well as premium properties. According to real estate players, entry of many players in the affordable housing (priced between Rs.15 and Rs.30 lakh) segment has encouraged buyers to opt for a second home. Distance is not an issue as far as the area is well connected and they can lease it out in the future, they say. Plots priced from Rs.150 per square feet are another option.

Commercial low cost housing in Chennai

Chennai is home to several office, shopping malls, and entertainment centers. It is also a prime destination for medical tourism in India with popular medical centers like Apollo Hospitals, Vellore treatment centers, and eye treatment hub-Shankar Netralaya. A strong infrastructural base is what is needed for the expanding economy of Chennai and the number of people who call Chennai home is also drastically increasing. Offices are available on rents depending on the number of employees and the type of office it is. The media houses having ownership printing press are likely to pay more rent as they occupy larger space than a call center of 100 employees.

Low cost residential housing in Chennai

There are also types of homes, the square feet area, the floor you are choosing to lodge in, and the facilities that determine the housing prices in Chennai. An apartment in Perambur region starts from Rs 18 lakh that is about 600 square feet. Sholinganullur is another area that has independent villa houses priced at Rs 20 lakhs. If you are looking for something even more reasonably priced, go for VM Chatram area. A villa there with three rooms of 700 square feet comes to Rs 12 lakhs. The most expensive areas in and around Chennai are the East Coast Road, Kasturi Centre, Guindy, and Sriperumbadur. 
The biggest breakthrough in several years that came with affordable housing projects in Chennai by any builder was the initiative by the leading Tamil Nadu builder Khivraj Estates for constructions of houses, and apartments in the Thiruvottriyur. The project was planned at Rs 4 lakh apartments with a lodging space of 269 square feet. What made this project remarkable was that this was planned in a place where the other apartments cost a minimum of 15 lakh for 650 square feet. The first phase would include dwelling units close to the Thirovottriyur Railway Station by end of 2010.