Myths About Buying Property in Chennai | 3 BHK Apartment for Sale Near Kelambakkam

Myths About Buying Property in Chennai – And the Truth About PBEL City Budget-Friendly Options

Investing in a 3 bhk apartment for sale near kelambakkam, particularly in PBEL City, is a sound financial decision. The area has shown consistent growth in property values, driven by its strategic location and the influx of IT professionals

Buying property in Chennai, particularly in areas like Kelambakkam, often involves myths and misconceptions. As people explore options such as 2 BHK houses for sale in Kelambakkam, it is important to separate fact from fiction. This blog intends to debunk common myths about buying property in Chennai.

Common Myths About Buying Property in Chennai

Myth 1: Property Prices Are Always Skyrocketing

Many believe that property prices in Chennai, especially in developing areas like Kelambakkam, are constantly rising. While it is true that certain locations experience price hikes, the market also faces fluctuations. Buyers should do a thorough market research and look at long-term trends rather than looking at short-term price hikes.

Myth 2: New Developments Are Not Worth the Investment

Many think that investing in newly developed properties is risky as they may experience delays in handing over. However, projects like PBEL City, by Incor Infrastructure, are known for their timely delivery and quality construction. With several amenities, including 24-hour security and power backup, PBEL City offers a nice living experience.

Myth 3: Only High-Income People Can Afford Property in Chennai

Another common myth is that only rich people can buy property in Chennai. In reality, it is not so. Kelambakkam offers numerous affordable options, including 2 BHK houses priced from ₹39.9 lakhs to ₹58.2 lakhs in PBEL City. The availability of housing financing and government schemes are useful for middle-income buyers.

Myth 4: Property Buying is a Complicated Process

While the property buying process may appear complicated, especially for first-time buyers, it is not so in reality. Several online portals list properties based on area, price, and amenities. One can also take help from real estate professionals and utilize online platforms to understand the process.

Myth 5: All Properties in Chennai Are the Same

Buyers often assume that all properties in Chennai have similar features and amenities. This is not true. Developments like PBEL City stand out due to their unique offerings, such as community facilities, gardens, and spaces for sports and entertainment. These features enhance the living experience, differentiating PBEL City from other residential projects in the area.

Myth 6: All Properties Are Covered by RERA

Though the Real Estate (Regulation and Development) Act, 2016 (RERA) is meant to protect homebuyers, not all projects are covered under it. RERA applies to projects exceeding 500 square meters or those with eight or more units. Hence, buyers should verify whether a project is registered under RERA or not.

Myth 7: Renting is Better Than Buying

A common belief is that renting is better than purchasing a home. While renting may appear cheap in the short term, it can lead to increased expenses later. Rent can go up, sometimes up to 26% within a few years. But housing loan interest and payments do not fluctuate much. For people and families planning to stay in one location for a long period, buying property can be a good investment.

The Truth About PBEL City

Located in Kelambakkam, PBEL City is a residential project in a sprawling 42 acres. It has 2 BHK and 3 BHK apartments to suit various needs and budgets. The project is strategically located along the Old Mahabalipuram Road and it has excellent connectivity to major IT hubs and commercial areas. Because of this, it is an ideal choice for professionals working in nearby tech parks.

Amenities and Lifestyle

PBEL City is built with a focus on community living. Residents can enjoy a range of amenities, including:

24-hour security and power backup
Swimming pool and fitness centre
Children’s play areas and landscaped gardens
Proximity to educational institutions and healthcare facilities

These features enhance the quality of life and contribute to the property’s value appreciation over time.

Investment Potential

Investing in a 3 bhk apartment for sale near kelambakkam, particularly in PBEL City, is a sound financial decision. The area has shown consistent growth in property values, driven by its strategic location and the influx of IT professionals. Furthermore, developing infrastructure and amenities in and around Kelambakkam adds to its attractiveness as a residential hub.

Community and Connectivity

One of the main features of PBEL City is its community. The place is built in such a way to support interaction among residents with community events and activities. Its location has easy access to major roads, which helps residents commute to work or leisure destinations easily. Kelambakkam is well-connected to the Chennai International Airport and other major areas, and hence it is a convenient location for families and professionals.

Conclusion

As the real estate market in Chennai evolves, buyers must dispel common myths and understand the realities of property investment. PBEL City is considered an excellent opportunity for those looking for affordable yet high-quality apartment for sale in kelambakkam. With its amenities, strategic location, and community focus, PBEL City in Kelambakkam is a prime choice for those looking for a 3 bhk apartment for sale near kelambakkam.