Chennai has been picked as one of the top 12 upcoming destinations for Luxury Real Estate, according to a report by Savills World Research, in cooperation with design firm Candy & Candy and Deutsche Asset and Wealth Management.
The top cities includes Tel Aviv, Melbourne, Miami, Chicago, Dublin, Panama City, Beirut, Istanbul, Cape Town, Jakarta, Laos and Chennai in that order.
Tel Aviv is the most expensive city where a 2 bedroom luxury apartments costs 14.5 lakh USD and Chennai is the least expensive luxury destination where a 2 bedroom costs 1.6 lakh USD
The top cities includes Tel Aviv, Melbourne, Miami, Chicago, Dublin, Panama City, Beirut, Istanbul, Cape Town, Jakarta, Laos and Chennai in that order.
Tel Aviv is the most expensive city where a 2 bedroom luxury apartments costs 14.5 lakh USD and Chennai is the least expensive luxury destination where a 2 bedroom costs 1.6 lakh USD
The report also highlights that cities such as Chennai and Lagos might offer higher returns to investors but also have higher risk.
All in All, it is a good time for investors to cheer and continue to invest Real Estate in Chennai.
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