Chennai is a metropolitan city, is the capital of the state Tamil Nadu. The city has its fair share of historic monuments and structures. It includes Fort St. George, currently is a museum showcasing the city’s roots as a British Military garrison and other structures such as the East India Company trading outpost, when it was called Madras. Facts wise Chennai is the third highest income Indian city according to the GDP per capita.
Why houses and apartments price range is the same, but a bit different?
Apartments and houses are on par when it comes to pricing. Chennai, as the name suggests is an expensive place to start with, so in order to live a life around the city is a bit difficult for an individual. Apartments are a bit less costly but they are quite affordable when compared to single houses. The maintenance cost is also low when compared to single houses.
Facilities of the city can be easily availed.
Staying within the city of Chennai opens the gate to numerous opportunities and amenities. These are of course costly, but when it comes to living within the city, these are pretty minor things. Owning an apartment within the city means less distance of travel from home to the office and it comes at a price.
People often look for qualities over any other thing when choosing an apartment. They may not always settle for a 3 bhk apartment in Chennai with a good view, but they will surely settle for the one who meets the particular requirements. People living in and around Chennai is clearly aware of the fact that the city living is expensive, and it is within their limits.
Amenities are preferred over good views.
A 3 bhk apartment in Chennai, might not have a mesmerising view, but when it comes to amenities such as the requirement of an elevator or parking space or roof facilities are the things people are always on the hunt for. To sum it, owning and maintaining an apartment is far more convenient and more affordable than maintaining a single house.