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Our specialised platform offers online evaluation of properties for sale in Chennai on the primary and secondary markets, where you can find about 1731 listings from the best developers and agencies. Whatever the purpose of the purchase - passive income, resale, starting a business, relocation, with the help of filters and sorting it will not be difficult to choose the best offer. The main search criteria are the following:
- cost of office, land, commercial space, house or apartment in India;
- the optimal area;
- number of bathrooms and bedrooms;
- distance to the beach and infrastructure facilities;
- type of property - new construction or secondary housing;
- technical equipment and furnishing;
- availability of a yard, garden, swimming pool and other additional options.
The detailed descriptions will give comprehensive information about suitable lots. You will only have to make a decision and write in personal messages, call the agency or developer.
- Minimum cost: $10815 .
- Most expensive unit: $665 million.
- Minimum square footage: 1000 m²
- Largest property area: 457 m²
To buy properties in Chennai, India, a foreigner must already have a residence permit, unless you are planning to partner with a REIT. When applying for a residence permit for a period of 1 year (there is a possibility of multiple prolongation), it is necessary to indicate one of the following reasons for legalization: employment, investment, starting you own business, study in one of the Indian universities on a contractual basis. If the documents are in order, there will be no problems with obtaining a residence permit. When investing capital in the national economy, take into account the following:
- the minimum amount of investment is $1,5 million;
- the term of validity of the deposit is from 5 years.
You can apply for citizenship after 10-12 years of residence in the country.
The choice of location of property in India depends on the requirements of the buyer. For example, quiet areas are more suitable for moving with a family, and young professionals will be more comfortable to be within walking distance of the business centre and entertainment. Expats prefer properties in the following locations: Nungambakkam, Mailapur, Anna Nagar, Sholinganallur, as well as Chrompet, Perumbakkam and Mahindra World City.
Property in Chennai
There are several reasons for the increasing demand for residential, office and commercial properties in the capital city of Tamil Nadu. The city is located in a popular tourist region in the south of the country, where the main authorities are located. It is also a centre of classical music. Compared to Mumbai, the cost of property in Chennai is more attractive, and the rhythm of life here is not so dynamic, which is of interest to expats with children. There's plenty to see and do for tourists too:
- Dozens of restaurants are available to travellers, the best of which are Saravana Bhavan, Dakshin, Annalakshmi and Amethyst;
- For shopping enthusiasts, there are many malls including Chennai City Center, Express Avenue, Phoenix Market City, Abhirami, Mega Mall;
- Residents can enjoy nature in Nehru Park, Mei Dei Park, Gwindi Park, Snake Park and Nageshwara Rao;
- Higher education is available at the following institutions: Women's Christian College, Anna University, SRM, PSBB Millennium, IIT Madras, Loyola College;
- Elliots and Marina beach areas are ideal for seaside vacations.
Chennai's active development began in the 17th century and in the 21st century it has become one of the largest industrial and commercial centres. It is visited by foreigners who get jobs in local companies, connoisseurs of authentic Indian culture, and tourists who want to relax on the local beaches.
Chennai has a metro, domestic and intercity bus services, as well as a cargo port and 2 railway stations. For investors from other countries, the presence of an international airport nearby is a strong argument for purchase.
The population in the city is not increasing as fast as in Bangalore or Mumbai, but this is good in some cases. The competition among buyers is not so high, property prices in Chennai, India, attractive, and the living conditions are excellent.
Reasons for investing in property in Chennai
From the point of view of foreign investors, the metropolis is very promising, because:
- leading IT companies and financial institutions (Citibank, HSBC, World Bank) open offices here;
- the city ranks 3rd in the country in terms of GDP;
- automobile and other industries are actively developing, and the Space Research Center is also located here;
- easy to buy, sell and manage real estate, e.g. online tax payments;
- the cosmopolitan community attracts expats.
In the last 2-3 years, the price of real estate for sale in Chennai has been increasing. The average increase is 10% per year. Accordingly, it makes sense to invest money for further resale. Rental income is also one of the highest in the country - 4% including tax and utility bills. It is advisable to avoid unnecessary risks by purchasing properties in Chennai for investment located in the following areas: Perumbakkam, Sholinganallur, Hrompet, Kelambakkam, Mailapur, as well as Nungambakkam, Theinampet, Anna Nagar. The largest developers are DLF and Ruby Builders.
Buying real estate in Chennai
If you have capital to invest in residential or commercial properties or a down payment for a mortgage, use our updated database to find the perfect apartment, commercial property or house in India. There are no inaccuracies in the information provided by verified developers and agencies, and the photos are real, allowing you to objectively evaluate the options and find the best one among them.
You can set the selection by area, price and many other criteria to buy profitable investment real estate in Chennai. Available objects on the primary and secondary market, the cost of which can be converted into euro and dollars.
It is also easy to interact with the seller through private messages or by phone, contacts are provided in the descriptions.