Chennai real estate trend

Q: What is the scenario of real estate in Chennai. And how much property rates in major areas have increased..??

Srinivas , Chennai

4th January 2013

Locality Review in Chennai

chennai

chennai real estate

real estate market of chennai

Follow Discussion

Also see discussions for

Chennai Locality Review Locality Review in Chennai

Replies (5)

As per latest report from the expert Chennai has witnessed a decline in the launch of new units as compared to the previous quarter.While there was a fall in the number of new mid-segment units, the high-end and luxury segments showed a marked improvement.

Devendra, Chennai

2nd September 2015

Comment

Hi Devendra, may be market is in correction mode but I saw the major percentage of the new launches were in the Grand Southern Trunk Road and Suburban (South) areas due to their proximity to business districts and IT Parks. Limited demand and modest sales kept the capital and rental values stable during this quarter across all submarkets.

Girish KS, Chennai

2nd September 2015

The real estate sector is mostly driven by demand from the IT segment. This demand continues to push prices northward, forcing people in the mid-segment to explore options in the peripheral regions. But lack of physical and social infrastructure acts as a restraint market.

Madhukar, Chennai

2nd September 2015

Nowadays most of the buyer preferred localities such as:
1. Velachey
2. Porur
3. Adyar
4. Medavakkam
5. Anna nagar

Sreenath, Chennai

2nd September 2015

What is the key market influence to gain potential growth in the Chennai residential market?

Harish, Chennai

4th August 2015

Comment

Market Influencers which show great potential to grow Chennai real estate:
1. Chennai Metro.
2. Proposed Visskhapatnam Chennai Industrial Corridor
3. Aerospace park project
4. Approval to make high-rise building in Costal Regulation Zone.

Devendra, Chennai

4th August 2015

Hi, Residential demand in Kovur, Porur, Madanandapuram and Koyambedu has shown maximum capital appreciation in 2015 and the localities in West Chennai recorded a massive spike due to the metro line from Koyambedu to Alandur becoming operational in June end. Capital values in both Koyambedu and Madanandapuram surged up by 11 per cent each in the current year.

Yugesh Gowda, Chennai

4th August 2015

Hi, I am staying in Anna Naga and I observe that the Capital values in Anna Nagar, Korattur and Mogappair appreciated due to the presence Ambattur industrial belt, driving housing demand from the working population. Property prices here rose by 15 per cent, 11 per cent and 10 per cent respectively in a quarter.

Rajnikanth, Chennai

4th August 2015

I am Search property in Chennai currently and with my observation Kelambakkam is showing a growth potential in suburb, South Chennai. Kelambakkam has seen an increase in buyer interest due to rapidly developing social infrastructure on the Old Mahabalipuram Road (OMR). Proximity to IT companies in Siruseri, Chettinad Health City and Kovalam beach helped it register a quarterly growth of 10 per cent.

Devendra, Chennai

4th August 2015

Hi All, I would like to know what is the current scenario of real estate market in Chennai?

Priyadarshini, Pune

4th August 2015

Comment

Hi Priyadarshini, I would like to tell that in 2015 Chennai real estate market recorded a price growth of five per cent for residential properties. Builders in Chennai are pinning hopes on the metro rail. The first phase of the long-delayed Chennai metro became operational in June, covering 10 km from Koyambedu to Alandur and infusing life in the city's reality scenario.

Devendra, Chennai

4th August 2015

Hi, Thanks Devendra I think with the growing demand for residential and commercial space from IT, the city break Public Equity deals worth $303 million. Such investments are expected to work as growth tonics for Chennai's realty.

Girish KS, Chennai

4th August 2015

Hi Dwarkesh...i would suggest you to invest in Velachery. There are many good projects there. Click Properties for sale in Velachery to see m ore details.

Shilpa, Hyderabad

17th January 2013

Comment

Hello Mr. Srinivas ..although there are high interest rates, rising input costs and delayed approval process but then also the market is showing growth. Many new residential projects have induced residential market of chennai. For example Temple Waves in Chromepet. The purchase demand in areas like OMR, Sholiganallur, Oragadam, Porur, Perambur, Sriperumbudur, etc has increased alot.

Dwarkesh,

7th January 2013

Comment