For those who is looking to invest on property in Chennai, this is right time for that to get good return by investing on Chennai properties. They should not keep postponing finalizing a residential property any more as the huge discounts and good offers being offered may not stay for a long time.
Real estate market has been slowdown due to this reason, the demand became sluggish in most of the sectors. To accelerate the sales, builders started providing exciting offers, price discounts even up to 16% and other freebies. Moreover, these discounted rates are not mentioned in the official rate cards of the builders, but these all are applicable for investors or buyer who invest or buy within the offers period.
Developers/Builders pay high rate of interest while buyers or investors get at lesser rate
When the economy comes with good conditions, the builders can withdraw the discounts and schemes they have been providing now and the prices would also growing after that. Even the emerging trend hints that builders are not cutting the rate, but they are ready to pass on the holding cost to buyers or investors, if the builders have to take loan amount, they end up to refund higher rate of interests. Rather they choose to offer about 10 to 16% discounts, which is their cost of found, to investors or buyers. Similarly, the sales keep going and they are free of getting loans and giving interests.
Now a day, we are seeing that developers are coming up with very few residential project in Chennai. That is reason behind it buying 1, 2, 3 BHK luxury homes in Chennai became a challenge and investors or buyer are facing this problem during looking affordable residential property in Chennai. In recent time there is one residential project has completed in Chennai name “VGN Coasta” that offers 3 BHK apartments with ultimate features. You can get this at an affordable prices. If investors or buyer want to buy or invest on these project than, that is right time for that to get good return on property investment.
Real estate market has been slowdown due to this reason, the demand became sluggish in most of the sectors. To accelerate the sales, builders started providing exciting offers, price discounts even up to 16% and other freebies. Moreover, these discounted rates are not mentioned in the official rate cards of the builders, but these all are applicable for investors or buyer who invest or buy within the offers period.
Developers/Builders pay high rate of interest while buyers or investors get at lesser rate
When the economy comes with good conditions, the builders can withdraw the discounts and schemes they have been providing now and the prices would also growing after that. Even the emerging trend hints that builders are not cutting the rate, but they are ready to pass on the holding cost to buyers or investors, if the builders have to take loan amount, they end up to refund higher rate of interests. Rather they choose to offer about 10 to 16% discounts, which is their cost of found, to investors or buyers. Similarly, the sales keep going and they are free of getting loans and giving interests.
Now a day, we are seeing that developers are coming up with very few residential project in Chennai. That is reason behind it buying 1, 2, 3 BHK luxury homes in Chennai became a challenge and investors or buyer are facing this problem during looking affordable residential property in Chennai. In recent time there is one residential project has completed in Chennai name “VGN Coasta” that offers 3 BHK apartments with ultimate features. You can get this at an affordable prices. If investors or buyer want to buy or invest on these project than, that is right time for that to get good return on property investment.
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