IT Professional Guide to Buying a Home in Chennai

There is a local saying in South India that if you threw a stone in Bangalore, it will fall on an IT professional! The same could be true in Chennai too! Apart from the innumerous Automobile factories and related assembly plants, Chennai has shaped into a heaven for IT companies. The IT corridor which was opened more than a decade back has developed into something beyond comprehension and the OMR is not literally an IT corridor, the entire way!
Apart from the Old Mahabhalipuram Road, there are a number of notable IT parks in the city which house enough job opportunities for thousands of IT professionals under the same roof. The DLF IT park in Porur, the Olympia Tech Park in Guindy and the Ambit in Ambattur are prime examples of how an IT park can change the overall outlook of an area in Chennai. Also know here for related property in Noida like Antriksh Urban Greek and Revanta Surya Homes Dwarka
Being in Chennai as an IT professional gives you the advantage of being able to buy a residence unlike a counterpart in say Mumbai or Delhi where the spiraling property prices make apartment buying out of reach for a common man!
Buying an apartment or a villa in Chennai is not simple. The sheer number of choices would confound many! Which area should you settle for without overshooting your budget remains to be a huge question on everybody's mind? We give you a few points to ponder while trying to finalize your choice of locality.
Access to Job hotspots
Chennai is one of the very few cities where areas demarcate the type of jobs available! For example, the outskirts of the city towards Chengalpet or Ponnamallee have industries which would suit people of such skills set. They can prefer areas like Porur or Mahindra City. IT professionals can clearly stick to Tambaram, Velacherry and the adjoining localities for their property purchases.
 Connectivity
The city is well interlinked by a well-planned network of local suburban railways and now an upcoming metro system. The buses are large in number and the smaller localities are covered by mini-buses and share autos. However, some areas tend to be a bit remote even now so check on the accessibility. Do not go by the builder's claims of being well-connected. Decide for yourself after trying the means of transport available.

Roads/Infrastructure
By majority the roads in Chennai are good. However, they get a heavy lashing during the monsoons. Areas like Global NCR and Perungudi are low-lying and are prone to water logging. This damages roads too and can be troublesome during commute. Check with the locals on how bad the water draining problem is in the area.
Water
Potable water happens to be an issue in Chennai. There are areas like Moggappair where the ground water is rich in iron content which makes it hard to use for domestic purposes unless it is treated. Then there are areas like Alandur where ground water dries up in summer! Make sure you know what you are getting into. Bigger residential complexes deal with water crisis more effectively.


Relevant Things to Consider Before Buying a Property

Buying a property like a home, flat or apartment in Balewadi or anywhere in India can be a lengthy and multifaceted process. It typically incorporates going through several steps. If you want to buy an apartment in Balewadi, Pune, go through the step-by-step guide given in this blog. It will help you choose the right property that fits your needs.  Also know some related property in Noida like Antriksh Urban Greek Dwarka and Emporis Tower Noida.
Define your criteria
Defining your criteria is a vital approach for a relevant property selection. Make sure what you would like to have in a property. Do you want a parking space and a garden? Home many bedrooms would you like to have? In terms of flats, decide whether you want it to be freehold or leasehold.

Consider what you want out of the location:
Consider what you want out of the location. Ensure if transport links, local schools, hospitals, easy accessibility and grocery shops are your priority. Ask how long you are planning to live in the property for.
Think about these10 things before rushing into a property purchase
How much you can borrow
How much loan you can have? Call a mortgage broker to get an idea of. He will help you search the market and get the best available deal. He will also help you maximize your borrowing power. For this to gain, you just need to disclose your source of monthly income and your monthly expenses. Get information about the special mortgages on offer, and make sure whether you want to go for a fixed or variable-rate deal.
Search beginning
Scan local newspapers, magazines and the internet, especially those giving information about the Pune real estate industry as you want to own a property here. Get registered with estate agents. Many properties you will come across might have been sold out before they are advertised online. It is worth being on the agents' books. If you want to visit a property you want to buy, then do call the agent and arrange a site-visiting meeting.
Out and about
Choosing a property is possibly going to be your biggest financial expense. So it is worth waiting till you find a perfect place. Visit some of the popular properties. Maybe, you are unable to find the flat or apartment in Balewadi you want straight away. Don't despair or get tempted into edging over your budget either if you don't like the first place you look at. Ask questions when you are looking around a property, or afterwards. The real estate agent should be able to provide you with basic details about the property.
Conclusion
Thus, if you are an end user looking for the right, but affordable apartment in Balewadi, the aforesaid tips are suitable for you. For those with deeper pockets, especially investors looking to make a quick buck, Pune is the way to go.

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