Chennai Real Estate Update for Q1, 2015
“As part of ‘Real Insights’ into real estate, commonFloor.com has come up with a quarterly report for Chennai – with in-depth analysis based on CommonFloor data.
Q1,2015 in a Nutshell
- With 70 per cent new units supply, South Chennai retained number one position, followed by West Chennai with about 20 per cent.
- In Chennai, all the three segments (affordable, mid and luxury) are evenly distributed in the range of 30-40 per cent. It is interesting to note that in the last quarter, 70 per cent affordable segment dominated the market.
- In Q1,2015, Old Mahabalipuram Road (OMR) was the showstopper in four aspects, which includes maximum new units supply, rental demand, resale availability and rental yield.
- Fastest Moving Rental Markets: As per CommonFloor’s proprietary data model, properties up for rent in Kilkattalai, Urappakkam, Mylapore, Thiruvanmiyur and Adyar on an average take just 11-18 days to go out.
