In 2013, low transaction, sluggish growth and high interest rates have pulled down residential prices across India. Real estate market in Chennai is no different to it. A general slowdown across all micro markets in Chennai is noticed. Excluding a few locations, other major areas are facing pressure on sales. However, the city notices many reputed builders like Amarpraksh to launch huge projects at affordable price. The major specialty of Amarpraksh flats in Chennai is its affordability. Actually till September, 2013, the real estate market was negative and now the market is stabilized and showing good signs of recovery. But reputed builders like Amarpraksh are always stabilized by offering homes at reasonable price.
‘Affordability’ in real estate is the buzzword across the country. Only certain builders like Amarpraksh understands this word and construct homes suitable for common man. In a fact, it is said that 7000 housing units are under development every year in Chennai and 95% of them are constructed in the suburbs. Around 50% of them are in the affordable list. Among 50%, Amarpraksh flats in chennai also fall in the list. When most of the city’s builders are resorting to multiple options to entice the buyers, Amarpraksh builders are simply delivering affordable housing to fulfill the need of monthly earning people.
Most developers couldn’t able to provide affordable housing because the economic situation hasn’t improved yet due to unrelenting land prices, increasing price of construction materials and one-third of the price of every property is paid to the government in the form of taxes and levies. These things avoid the builders to provide affordable housing for all. In spite of this, Amarpraksh flats in Chennai are sold out at reasonable price as the builder works to satisfy common people.
Chennai Amarpraksh Flats sees growing Demand:
The primary concern of most buyers is that there is no enough supply of affordable housing in Chennai. Even builders have began to believe that affordable houses were become the wish-list of prospective buyers. Most builders couldn’t offer it as they couldn’t gain much profit from it. But we Amarpraksh provide Amarpraksh flats in Chennai at affordable price because we give high priority to customer satisfaction than profit.
According to recent Chennai Metropolitan Development Authority, it is said that about 10 lakh people are making their move out to well-developed residential areas. This lets to the conversion of residential space into non-residential space for various purposes like shops, restaurants, world class amenities, IT hubs and so on. Though Amarpraksh builders construct all their projects in a well developed and unaffordable location, Amarpraksh flats in Chennai are provided at unbelievable cost to make everyone a landlord.
Lack of social infrastructure is a major worrisome issue for people. This becomes another luring factor towards integrated townships developed by Amarpraksh builders. Amarpraksh integrated townships provide everything from schools and health clinics to shopping malls Not only outside facilities are available, even basic essential facilities like R.O water, reticulated water supply, 24 hour power supply, power backup etc are provided in Amarpraksh flats in Chennai. This shows how much the builder cares towards their customers.
In today’s scenario, many builders provide affordable houses by having partnership with the government. But it is not needed for Amarpraksh as the homes are sold out at quick pace once launched. The Integrated development of Amarpraksh developers will go a long way by ensuring that the entire needs of all income groups are met properly. With proper planning and pooling of resources, Amarpraksh flats in Chennai are priced effectively thus fitting the budget of a mass number of income group.