Apartments for sale in Chennai

How Much Does It Cost to Buy an Apartment in Chennai?

The cost of buying an apartment in Chennai is significantly impacted by factors like location, size of apartment, available amenities, construction quality, and current market trends. However, it is significant to understand that the cost might vary based on your preferences and specifications. The table below represents the tentative cost of buying an apartment in Chennai.  

#The data is based on market research 

Affordable Localities in Chennai to Buy Flats for Sale

Some of the affordable localities in Chennai to buy flats for sale are Kolathur, Ambattur, Guduvancheri, Avadi, and Perambur. These areas offer the best apartments within your budget. The table below shows the number of available units in Chennai within your budget segmentation.  

#The data is based on market research  

List of Top 10 Builders in Chennai 2024

While purchasing flats for sale in Chennai, builders play a significant role as they are responsible for various aspects of the construction. Some of the significant attributes of a builder must include commitment and quality of the construction, legal compliance, timely completion of the projects, amenities and facilities they incorporate into the project, and their reputation. Some of the top builders in Chennai that meet all these criteria are:  

1. Casagrand Builder Private Limited 
2. G Square Housing 
3. VGN Properties 
4. Puravankara Limited 
5. Appaswamy Real Estates 
6. Shriram Properties 
7. Navin Housing & Properties (P) Ltd. 
8. The Nest Builders 
9. DAC Developers 
10. Asset Tree Homes 

List of Some Popular Projects in Chennai

A few of the best completed projects in Chennai by renowned builders are Casagrand Holachennai, Casagrand Suncity, Purva Somerset House, VGN Kensington Towers, Navins Starwood Towers 2.0, Parkhouse Mews, Altezza (Appaswamy Real Estates), Nest Icon II, S.I.S Florence and G Square Synergy.  

Common Amenities Offered by the Top Builders

The top builders in Chennai offer a wide range of amenities to offer comfortable living. The amenities they offer reflect their commitment to offering a holistic living experience. However, it is also significant to take into consideration that the available amenities might vary based on the budget. Some of the significant amenities they offer are:  

• Security services to enhance safety 
• Parking facilities 
• Swimming pools 
• Clubhouses and lounges 
• Indoor gyms and fitness centers 
• Outdoor play area 
• Green spaces and walking trails  

What Are the Things to Consider While Buying an Apartment in Chennai?

• Location Advantages: Select a location that meets your lifestyle needs. Make sure that the location encompasses essential amenities like educational institutes, healthcare, entertainment, shopping, and transportation. 
• Budget Consideration: Fix a budget beforehand and search for properties that suit your budget. Maintenance charges and other taxes should also be taken into consideration. 
• Available Amenities: Check out the amenities that the apartment encompasses. Some of the must-have amenities include parking facilities, a recreational area, and security services. 
• Builder Reputation:Research the reputation of the builder. Take a look at the track record of their previously completed projects and their quality. 
• Legal Documentation: Check all the legal documents related to the property, from the title deed to compliance with building regulations. 
• Seamless Connectivity: Consider the accessibility to major roads and highways from the apartment. Ensure the availability of public transport. 
• Future Developments: Check out new and upcoming infrastructural developments and projects that can impact the property value of the apartment. 
• Resale Value: Assess the potential resale value of the apartment by considering factors like location, amenities, and market trends in the area.  

What is The Process of Buying Flats for Sale in Chennai? 

Buying an apartment in Chennai requires careful consideration, research, and proper planning. Some of the things to be taken into consideration in the process of buying apartments in Chennai are: 

1. Research, analyze, and plan
2. Fix your budget 
3. Financial Requirements 
4. Find the Right Property 
5. Legal Verification 
6. Document Preparation 
7. Payment and property registration 

List of Legal Documents to Check Before Buying an Apartment/Flats in Chennai

While buying a property in Chennai, there are certain documents that should be taken into consideration. These documents are essential and should definitely be obtained before purchase. The required documents are:  

• Sale agreement 
• Title deed 
• Building approval plan 
• Completion certificate 
• Occupancy certificate 
• Encumbrance certificate 
• Property tax receipts 
• Builder-buyer agreement 

Newly Launched Projects in Chennai in 2024 by Top Builders

The upcoming and newly launched projects in Chennai by top builders are Parkhouse Mews, Casagrand French Town, Casagrand Massimo, Casagrand Primose, Casagrand Linore, Casagrand Zaiden, Isha Pokkisham, and Isha Majestica. All these projects have different configurations catering to the needs of homebuyers and investors. The table below represents the approximate cost of buying a flat for sale in Chennai based on the unit type.  

How To Buy Flat in Chennai Online Without a Brokerage?

Buying a flat in Chennai online without a brokerage is made simple with a few simple steps. 

• Visit RoofandFloor and choose the city of your preference 
• In the search tab, select the locality of your choice and enter search 
• Find listings for various verified projects by top builders 
• Customize your search by clicking on the filter option 
• Choose the project you like and click on the contact builder 
• Enter your mobile number and click on the contact builder again 
• Our experts will connect with you in no time to help you find the property of your choice   

Insights about Chennai

All you need to know about this locality

Chennai is one of the most popular and thriving metropolitan cities in India, with a diverse culture. It is the fourth most popular metropolitan city, with the 31st largest urban area ranking in the world as per Urban Area Population records. It is popularly known for its blend of modernity and tradition. It is the home of various heritages with cultural significance, like ancient temples, monuments, and ancient arts. It also promoted classical music and dance, attracting tourists. Its significance does not just end with cultural heritage, as it has set foot in the economic and industrial centers of this modern era of development. As a result of which, it has contributed to India’s economic growth significantly. 

Chennai is also popular for its beaches, diverse global cuisine, historical landmarks, exceptional healthcare, emerging job opportunities, thriving educational institutes, and more. Due to the significant contribution of these factors, Chennai’s real estate industry has made surmountable progress in recent years. According to Q1 2024, Chennai's 1 and 2 BHK apartments saw the most rise, both year over year and QoQ.  Home buyers and investors have shown interest in buying flats in Chennai for its rapid urbanization, infrastructural development, and smart city initiatives.  

Location Advantages and Key Features: An Overview

• Buying flats in Chennai yields higher returns due to emerging market trends. The value of the property increases with time due to infrastructural development and growth. 
• Innovative developmental initiatives like the metro rail project, airport expansion, and automation will make it easy for people to commute. 
• The resale value of the flats and apartments in Chennai is quite high. The buyers can sell the flats at a profitable price despite the competition. 
• There are a wide range of amenities scattered across Chennai. It includes religious sites, entertainment, schools, colleges, malls, superstores, medical and healthcare, and so on. 
• At present, there are almost 4000+ companies in Chennai. This increase in companies will eventually increase job opportunities in all domains, which would be a key factor in buying flats or apartments in Chennai. 
• It has better connectivity across the city through link roads like GST Road, Outer Ring Road, OMR Road, Chennai Bypass Road, and Anna Salai. 
• An airport project proposed at Parandur will pave the way for further development in Chennai.  

Stamp Duty and Registration Charges to Buy an Apartment in Chennai 

Stamp duty and registration charges play a significant role in successful property registration. The factors that are taken into consideration while determining the stamp duty and registration charges are the ownership status, property agreement value, and more. The stamp duty and registration charges to buy flats for sale in Chennai are listed, 

Current Real Estate Market Trends in Chennai 

Real estate in Chennai has grown tremendously in the past few years. The growth is directly impacted by the increase in IT sectors and global firms. Property prices have increased by 30–40% because of the upcoming metro lines. Further, the property rates are expected to rise at least 10-15% in 2024 as the demand remains the same to buy flats and apartments in Chennai. The price trends in the top ten localities in Chennai with value increases in the past 10 years are listed.  

#The data is based on market research