Apartments in Chennai – A Quick Look

A major hub of economic, cultural and commercial activities, the coastal city of Chennai of late has witnessed unprecedented growth in the real estate sector. Along with the IT revolution a huge populace migrated to this city resulting in a demand for more residential spaces. Real estate entrepreneurs turned towards Chennai and the city saw a rapid development in the real estate sector. As numerous single professionals increased, a demand for accommodations, especially apartments increased. Real estate entrepreneurs realized and used the opportunity to construct residential properties, catering to the needs of all kinds of buyers. 

1BHK Apartments

Since the IT revolution swept Chennai, single professionals of the city increased rapidly. So, in order to cater to the demands of such individuals and small families comprising only two or three members, many new residential assets came into existence. They ranged from budget accommodations to luxury studio apartments.

The table given below highlights some the major projects in this category.

Location	Area	Price	Amenities
Siruseri	765 sq.ft	Rs. 22 lacsappx.	Prime location
Porur	600 sq.ft	Rs. 26 lacs onwards appx.	Lush greenery around with all modern facilities
Medavakkam	588 sq.ft- 948 sq.ft	Rs. 24 lacsonwards	Basic modern facilities
Mogappair West	637 sq.ft.- 1165 sq.ft.	Rs. 27 lacs onwards	Excellent parking facilities

Most properties comprising 1BHK has been in high demand along with an increase in price per square feet.  

Studio Apartments

Of late, the concept of studio apartments has come up in Chennai. However, due to certain cultural coding, builders have begun to market the same under the name ‘matchbox houses’. A real estate developer,Doshi Housing has come up with around 20 studio apartments ranging from 275 sq.ft. to 400 sq.ft. Such accommodations have started mushrooming since they are most preferred by single professionals. The graph given below shows the growth of real estate in Chennai.

A recently developed hub of multifarious activities, Chennai has loads to offer when it comes to apartments.