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Finding the right property in Chennai definitely means a problem of plenty since the city is one of the biggest and most popular metros in the country. There are several options here by way of housing solutions and the city's infrastructural progress, economic might and other attractions have contributed to a spurt in demand for properties in Chennai for sale. Chennai is also one of India's biggest tourist attractions and draws innumerable global and domestic tourists every year. Chennai has also been selected as one of the 20 cities in India that will be developed as Smart Cities. There are several residential properties in Chennai across multiple segments. From affordable apartments to mid range, premium and luxury projects, there is something for every budget in the city. You can take your pick from several big ticket new launches and pre launches in addition to ready to move projects as well. Chennai realty markets are booming in areas like Poonamallee, Thiruverkadu, Oragadam, Ambattur, Anna Nagar, Valasaravakkam, Kelambakkam, Sholinganallur, Egmore, Navallur, Purusaiwakkam, Pallavaram, Nanganallur, Velachery, Thiruvanmiyur, Koyambedu, Nungambakkam, Medavakkam, Madambakkam, Perungudi, Maraimalai Nagar, Singaperumal Koil and many others. Property rates in Chennai usually range between INR 2, 950 and INR 22, 000 on an average. Chennai has the fourth largest economy in the country and the automobile, hardware, manufacturing, IT and healthcare sectors are highly active here. The city is called the Detroit of India since most automobile companies are based in and around the city. Chennai is home to the Madras Stock Exchange and has several Fortune 500 companies, multinational companies, Indian business houses and startups operating here. Most automobile biggies like Daimler, BMW, Hyundai, Robert Bosch, Renault, Ashok Leyland, Ford and Mitsubishi have plants here while there is an SEZ and the Tidel Park which was the largest IT Park in Asia once. Chennai is also home to several power plants and reputed educational institutions. There are several shopping malls, entertainment and recreation zones, hospitals and sporting arenas in the city.