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7 Common Myths About Buying a House in Chennai – Busted!

By Nexiq
Last updated: July 11, 2025
7 Min Read
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House in Chennai

Buying a house in Chennai often comes with a flood of opinions, some helpful, some not so much. With numerous opinions circulating, it’s easy to be influenced by outdated ideas or rumours that may blur your perspective. The myths about cost, process, and builder credibility can make what should be an exciting journey feel overwhelming.

The truth, however, paints a different picture. Chennai’s property market is constantly evolving, offering a large range of opportunities for all types of homebuyers. Whether you’re just starting or ready to make a move, understanding the real facts can lead to smarter, more confident decisions.

Myths You Should Know Before Buying a House in Chennai

Here are 7 common myths debunked about buying 2 BHK apartments in Chennai.

  1. Chennai’s Real Estate Market Is Overpriced

Chennai caters to every type of homebuyer, from those seeking premium villas to those looking for 2 BHK apartments. Many localities are emerging as real estate hotspots, offering excellent connectivity to IT parks, schools, and healthcare facilities.

Far from being overpriced, properties in certain areas are competitively valued and offer great long-term potential. Builders are also making it easier for homebuyers by offering launch-stage pricing and flexible payment schemes. 

If you’re looking for a house for sale in Chennai, there are plenty of cost-effective options without compromising on quality or location.

  1. Buying a House in Chennai Is Always More Expensive Than Renting

While renting may seem economical at first, it doesn’t build equity. With increasing rental costs in popular areas, monthly EMIs on home loans are often similar to, or only slightly higher than, rent.

When you invest in a house in Chennai, you’re not just securing a home; you’re also building an appreciating asset. Homeownership brings stability, creative freedom, and the potential for future financial gains.

  1. You Need a Huge Down Payment to Buy a House in Chennai

The notion that you need to save for years before owning a home is outdated. Today, banks and housing finance companies provide flexible home loan options, often requiring only a small initial payment to purchase 2 BHK apartments. 

This is especially helpful for those exploring a house in Chennai, as many builders partner with lenders to ease the buying process. First-time homebuyers can also benefit from government schemes that further reduce upfront costs in areas with growing demand.

  1. It’s Better to Wait for Prices to Drop

Timing the property market perfectly is nearly impossible, and waiting too long may result in missed opportunities. Over the years, real estate in Chennai has shown steady appreciation driven by rising demand and evolving infrastructure.

For someone planning to purchase a house in Chennai, it’s often more prudent to act when the home fits their lifestyle and financial plans, rather than wait for an uncertain dip in pricing.

  1. Only Central Chennai Has Good Connectivity and Amenities

Chennai’s urban planning has seen major developments in all directions, especially towards the south and west. Upcoming and well-connected suburbs now feature excellent infrastructure, reputed schools, healthcare centres, IT parks, and shopping complexes. Areas like Medavakkam, Tambaram, and Mambakkam offer great alternatives to the city centre, providing the same ease of living with less congestion and better value for money.

Today, a well-placed house for sale in Chennai is no longer limited to traditional neighbourhoods. With metro expansions and wide arterial roads, even peripheral zones offer easy daily commutes and premium amenities.

  1. Resale Properties Are Always a Better Deal

Resale homes may appear cost-effective on the surface, but they often require significant upkeep, including updates to plumbing and wiring, as well as structural repairs. In contrast, new 2 BHK apartments for sale typically offer a low-maintenance lifestyle with modern fittings, better energy efficiency, and warranties on essential installations.

Moreover, new projects are increasingly built with a community-first mindset, featuring multipurpose halls, dedicated children’s parks, a gym, a video game room, and more. This blend of functionality and comfort is hard to find in older resale units.

  1. Modern Apartments Don’t Follow Vaastu Principles

Many assume that apartment layouts in modern residential projects are built only for aesthetics or space optimisation, often overlooking directional logic or energy flow. In reality, reputable builders today carefully plan every detail, from room orientation to entryways, to enhance comfort, functionality, and peace of mind for residents.

For example, certain design principles are applied to ensure bedrooms are placed in the most restful corners of the home, entrances are aligned away from heat or harsh exposure, and kitchens are positioned to maintain balance and efficiency. These subtle yet intentional choices ensure that your home not only looks good but feels just right, both practically and intuitively.

Start Your Journey to Owning a Home in Chennai 

Deciding to buy a house is a significant milestone that should be guided by facts rather than fears or misconceptions. Chennai’s real estate market is rapidly evolving, supported by strong infrastructure, clear regulations, and a growing range of lifestyle-focused housing options.

If you’re exploring a house for sale in Chennai, it’s important to look beyond the myths and focus on choosing the right builder, location, and features to secure a smart, future-ready investment. Trusted builders like Casagrand are known for delivering thoughtfully designed homes in prime neighbourhoods, offering quality amenities, excellent connectivity, and reliable, timely delivery, helping you make your move with confidence.

TAGGED:House in Chennai

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