Size of the flats is an important factor when people choose to buy flats in any place. Some people prefer 3BHKs while others prefer 2BHK but in India, 2BHKs are the ones which are much demanded in most of the cities due to various reasons. Chennai is not an exception to this demand as there is a lot of demand for 2BHK flats in Chennai.
The rise and constant demand for 2BHK flats in Chennai can be attributed to the fact that there are many people looking for an affordable at the same time appreciable investment. In a city like Chennai where the IT sector is in boom and many people live either alone or in nuclear families, 2BHKS are a boon that is easy to maintain and fetches good return on investment. Young buyers in Chennai opt for homes which range between an average of Rs 40-60 lakh. There are many 2BHK flats that are being developed in areas like OMR, Oragadam and Velachery which are very close to the IT industrial areas and have a lot of scope for expansion.
Most of the apartments in areas like OMR, Velachery and Oragadam are ready-to-move in but still there are many which are under construction. This slow progress in construction may be subjected to the lull in the real estate market in the past year which seems to be pushing into a good position now due to the new measure brought in by the government. Though there are many options to choose from like 1BHK to duplex apartments, many people prefer to play safe in invest in the middle segment which is 2BHK where they will have both the utility and the proper outcome of their investment.
