Chennai Property prices have been on a high throughout the last few years and they are expected to see an upward trend this year too. Chennai property prices saw an increase of about 8 - 15 % in the last few years. Recently, it went through the roof. With the Banks advancing easy Home Loans and the conducive atmosphere prevailing for rapid growth in the industrial sector contributed in no small way to the growth of the real estate sector of Chennai.
Investment on the real estate has been on the rise especially with the volatile Sensex situation at the moment. With the talk of satellite townships coming in the outskirts of the city, the avenue for investment in real estate has never been this good.
Project Estancia is a new Integrated Township Project from Larson and Toubro (L&T) Urban Infrastructure Ltd in association with Arun Excello of chennai. This project is an ambitious one considering the scale - 78 acres and an estimated cost outlay of around Rs.1800/ crore. Estancia - literally refers to a Latin American Ranch in Spanish language, will eventually house 2000 apartments, an IT Park, hotel, shopping mall and even a school. Vidya Mandir of Chennai has offered to open its school here. Being a CBS education system, this school will match the kind of people eventually taking residence here. L&T, noted for its civil engineering expertise will provide the construction and project implementation for this Estancia venture.
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