Boom for property developers in Chennai

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Presentation transcript:

Boom for property developers in Chennai

Chennai is the capital city of Tamil Nadu and was formerly known as Madras. The city is gaining popularity because of the growth it is experiencing in its Information Technology sector. In case, you are looking to rent, sell or buy an apartment in Chennai then we have good news for you. Introduction :

Chennai has a population of more than 6.4 million people, the city witnesses’ new migrants every year who come here in search of jobs and educational facilities. As the new population finds its way in to the city, it also tries to find Apartments in Chennai that can offer a comfortable accommodation as per their needs. The property developers in Chennai are found to be coming up with many residential projects from reputed builders to house its growing population. The city has a one hundred percent literacy rate which demonstrates the emphasis that it lays at education and its system in the city. With a major IIT located in the city, many aspiring students also find their way in to the city each year. Why the property developers in Chennai are starting new projects?property developers in Chennai

1. Investing in real estate in Chennai involves a lot of paperwork. In order to understand the proceeding the buyer needs to have a lot of patience. 2. Know about the title report or the property card. It is not just a certificate but also a detailed report that is prepared by the seller. The lawyer prepares this certificate and one should always opt for a genuine lawyer to go with the proceedings. 3. The lawyer will check the report on your behalf. The seller must hold the title report and must also hold the right to transfer the property. 4. The property must have received approval from the planning or the land development authorities. 5. Seller must have purchased the property with his or her own funds. The property should not have been mortgaged. 6. Get a 'No objection certificate' from the builder or the society. 7. All the bills and the taxes related to the property must be cleared. 8. Decide in advance as to who will bear the 'society transfer' charges. What to check before investing in real estate in Chennai?real estate in Chennai

Thank You!