Prominent Developers of Chennai Realty Market
Planning to buy a property in Chennai? But are confused between a plethora of developers showcasing their glossy brochures, audio-visuals or model units? If yes, let CommonFloor assist you by listing out prominent developers in the city for you to make an informed decision.
Let’s begin with Apartments
‘’For about 55 per cent respondents in Chennai, apartments were the most preferred property type, as per CommonFloor’s recent consumers’ sentiments survey.’’
Inception of several IT/ITeS and other multinational companies in Chennai have upped the ante of the city and made it more cosmopolitan. With a host of people migrating to the city every year in pursuits of better job opportunities, demand for apartments in all the segments is seeing an upward trend.
However, maximum buyer interest is inclined towards affordable properties.
-
As per CommonFloor Real Insights, a typical affordable apartment size in Chennai varies anywhere between 350-1,200 sq. ft. In affordable segment, few developers that have carved out a niche for themselves are VGN Developers Pvt Ltd, Ruby Builders and Promoters, Shree Constructions, Mahindra Lifespace Developers Ltd, Arun Excello Group of Companies, True Value Homes (TVH), Oyester Homes, to name a few.
-
In mid-segment, a typical apartment varies anywhere between 600-1,700 sq. ft. Interestingly, developers known for affordable projects also featured in this category. In addition, CC Builders Pvt Ltd, MS Charan Builders Pvt Ltd, VJS Associates, Navin Housing Private Limited, Malles Constructions Pvt Ltd, among others. are few other developers for mid-segment projects.
-
In luxury segment, a typical apartment varies anywhere between 800-4,000 sq.ft. Developers such as Casa Grande Private Limited, India Builders (Chennai) Limited, Kgeyes Residency Pvt Ltd, Landmark Construction, Harmony Residencies Pvt Ltd, Jain Housing and Construction (p) Ltd, CEEBROS Property Development Pvt. Ltd, Vijay Shanthi Builders Limited have made a name for themselves in this premium segment.
Plots and Layouts
Plots score better over other property types when it comes to returns on investment. Moreover, with aspirational value attached to ‘own home’, many buyers still prefer to invest in plots. As per CommonFloor Real Insights, plot sizes in Chennai varies anywhere from 500-4,800 sq.ft., while prices are in the range of Rs 200-3,800 per sq.ft. These values can be higher or lower depending upon the location and property.
Prominent names in plots are Chennai Real Promoters Pvt Ltd, VIP Housing and Properties, Accord Housing Pvt Ltd, ETA Star Property Developers Ltd, Yume Home and Lands, VGN Developers Pvt Ltd, Marg Ltd, among several others.
Villas and Row Houses
As Chennai is becoming more cosmopolitan, demand for swanky homes are also inching a new high. With several sea-facing properties, villas have been a major hit in Chennai’s real estate market. On an average, size for villas vary anywhere between 1,000-5,500 sq.ft., while prices begin from Rs 2,000 per sq. ft. and goes up to Rs 10,000 per sq.ft. or even higher.
Prominent developers in this property type are Casa Grande Private Limited, Sare Homes, Manju Foundations Pvt Ltd, VIP Housing and Propertiees, Pacifica Companies, to name a few.
In addition, below is the list of few other top developers.
