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| Is Chennai open to luxury apartments? | Views: 58 |
| Nov 04, 2009 2:01 am | | Is Chennai open to luxury apartments? | # |
Vincent Narayanan | |
Hi Padamanabhan,
Post the so-called recession and considering that the climate for investment and real estate is picking up, here are a few questions that I would like some of you to answer. A group of us are trying to put up a maximum of 2-3 upmarket luxury apartments on a 60x40 site on OMR in Chennai.
1. Will HNIs and IT professionals living in and around OMR and South Chennai show interest?
2. Or will they prefer to live in Gated communities or Big Branded luxury apartments?
3. Or will it be better to go with luxury Villas?
4. Or is the Chennai market (especially around OMR) still ripe only for a Rs. 25-50 lakh apartment?
Please respond with some answers. Thanks.
Peace and Regards
Narayanan Vincent
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