Increasing property prices make terra firma a super-luxurious commodity in Chennai real estate . This is factual not only for the plots or apartment and developed flats; even the commercial rates are rocketing. Chennai property is observing a 20-30% augmentation in commercial real estate rents. Most important commercial regions similar to Perambur and Pattalam, where the average space available at 300-650 sq ft for commercial property renting in Chennai property. Although in Chennai real estate, there are various regions in line of commercial space such as Royapettah, Vyasarpadi, Girugambakkam and so many. This development was simulated in other commercial regions approximating Velachery colony and Tambaram too. Here where the lease shot up to Rs 5,000-12,000 per sq ft from Rs 4,000 – 6,000 per sq ft. This has principally been activated by the constructive markets and growing trade actions that are illustrating working inhabitants to the city. To sum up, if we pay attention on the commercial value of the properties in Chennai , we find at present, standard real estate price per sq ft in Chennai for Plot is Rs 5,683 while for Offices it is Rs 8,333. Common real estate price in Chennai for Shops is Rs 9,720. Standard real estate price for Plot is Rs 17.46 Crore while for Offices it is Rs 9.73 Crore. Common real estate charge in Chennai for Shops is at about Rs 3.72 Crore. You can clear the commercial value among all properties in Chennai by seeing the chart-
[via Web Blog's InvestInNest.com]
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