Prestige Pallava Gardens Chennai

Prestige Pallava Gardens in Chennai is strategically located in the southern part of the city. The project offers well-designed 1, 2, 3, and 4 BHK apartments.

Chennai, formerly known as Madras, is a city of contrasts, where ancient temples stand tall amidst skyscrapers and traditional dance forms share the stage with contemporary art. A beautiful blend of South Indian traditions and modernity, Chennai, the capital city of Tamil Nadu, is one of India's most important metropolises.

The Chennai metropolitan area currently has approximately 9 million people, making it the fourth most populous city in India. Most of the local residents are Tamils, but there are also significant minorities of other demographic groups from South Asia, e.g., Telugu people, Bengalis, Punjabis, and Anglo-Indians.

The city is known for its quality of life, which is a major factor in its attraction as a real estate investment destination. It is one of the top urban centres in South India. The city offers a good cultural heritage, top educational institutions, best healthcare facilities, well-developed infrastructure, and a safe environment. It provides all the comfort to the residents.

The major benefits of living in Chennai are:

• Low cost of living: Chennai's cost of living is lower than compared to other major Indian cities like Mumbai or Delhi. This makes it a good choice for individuals who are budget-conscious.
• Good Healthcare Institutions: Chennai has great healthcare facilities with top hospitals and medical centres located throughout the city. Specialty hospitals such as Fortis Malar Hospital, Apollo Hospitals, and MIOT International provide best medical care in various fields.
• Growing job market: Chennai has a great job market, especially in the IT, Software, and manufacturing industries. IT companies like Wipro, Tata Consultancy Services, and Infosys and automobile companies like Ford, BMW, and Hyundai employ a major portion of the population.

In 2023, Chennai saw a 10% increase in new housing units launched compared to 2022. In the first half of 2024, residential real estate experienced a 12% year-on-year growth. Sought-after areas such as Pallavaram, Anna Nagar, Besant Nagar, and Velachery command high prices – with values ranging significantly depending on the locality and property type.

Given the Chennai property price predictions, 2024-25 is a great time to invest in real estate in Chennai. The market's steady growth, strategic investments, and infrastructural developments make it a promising destination for residential and commercial investments.