Chennai Real Estate Market 2015

Q: Can anyone update how was the real estate market in Chennai in 2014?

Shyam Sundar, Chennai

7th January 2015

Real estate News in Chennai

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2014 chennai real estate market

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Replies (11)

What are the factors to be fixed in Chennai to boost Realty market?

V. Victor,

12th November 2015

Comment

Hi Victor, There are various factor that must be taken into consideration to boost realty market:
1. Government's proactive approach
2. Single-window clearances
3. Property management services
4. Consistent floor area ratio (FAR) norms

Charan Raju, Chennai

12th November 2015

Currently, Medavakkam and Perumvakkam are the best places to invest. The reason is that they are located proximity to the workplaces of the city.Increase in work opportunities will directly multiply the demand for housing.

Muniraj, Chennai

12th November 2015

Hello all, Now a days trends is really changing in Chennai real estate market. Will ECR replicate Old Mahabalipuram Road in terms of the real estate scenario?

Kushal, Chennai

1st September 2015

Comment

Yes! Really true that trends of Chennai market are changing very rapidly and in East Coast Road, developers are also trying to come up with the affordable priced villas, flats and row houses. This will boost sales in the sluggish market. Buyer's expectations such as price correction may not be a practical route, but if physical infrastructure and road repair work are in progress, which shows potential growth.

Muniraj, Chennai

1st September 2015

Top preferred locality in terms of affordable price segment: Budget range from 25 to 30 lakhs
1. Tambram
2. Velachery
3. Porur
4. Ambattur
5. Avadi

Charan Raju, Chennai

1st September 2015

Hi, Chennai has become one of the most favoured destinations of NRIs, who prefer Chennai because of sound law and order and safety of their investment. Ultimately Chennai real estate market seem for an end user's market.The city has the least gap in demand and supply, which is good for the future of any market.

Komathi, Chennai

12th June 2015

Comment

Thanks dear for updating reality of Chennai but I read somewhere that the vertical growth of Chennai has changed the face of the city. The infrastructure needs to improve and should be ahead of the real estate development as the real estate depends on the infrastructure and its progress.For the buyers, infrastructure is the factor that influences their decision. Developers are also taking a huge part in the development of the infrastructure.

Alex Stephen, Chennai

11th June 2015

Comment

I think redevelopment of old location can also give real estate boost. Mount Road or Anna Salai has been in news for not only the metro. There is a long overdue redevelopment plan along this 12 km stretch which is an important transit corridor with many commercial buildings and offices in its fold. A higher FSI and a detailed land pooling plan is the need of the hour.

Gaurav, Chennai

1st September 2015

Hi, I think top five rental market in Chennai are as follow:

1.Sriperumbudur
2.OMR road
3.Velachery
4.Medavakkam
5.Thoraipakkam

Javed, Chennai

11th June 2015

Comment

Hi, Can anyone tell me which is the best area where I get maximum rental appreciation?

Srinivas , Chennai

11th June 2015

Comment

As of today, rental values are going up more visibly. Right now I am staying in a rented house near Alandur and its immediate premises, real estate values can go up to Rs 6500 per sq ft compared to an average of Rs 4500-5200 per sq ft.

Rama Naidu, Chennai

1st September 2015

Hi All, appreciate your response, Chennai is fast developing as a premier commercial and residential destination in the Chennai real estate market. Nowadays people usually prefer to invest in the suburbs because of affordability.Suburbs are also rapidly developing with the development of social infrastructure along the area.

Pavan kumar, Chennai

10th June 2015

Comment

Hi Pavan, you are right, I think a major factor that attracts buyers to the realty market in Chennai is stability.Chennai is a stable market compared to other markets in India, wherein residential property prices move with respect to actual sales.

subramanya, Chennai

10th June 2015

Top localities based on overall unit supply in 2014 are OMR, Mambakkam, Perungudi, Guindy, Avadi and Oragadam. Due to large tracts of available land, most of these localities witnessed the launch of large-size projects (over 500 units each). Orgadam, on the other hand, saw the launch of several small-size projects over the year.

You can also click on the link to read the report on Chennai Real Estate http://www.commonfloor.com/annual-realestate-outlook/chennai/index.html

Javed, Chennai

8th January 2015

Comment

What are the top localities that has seen goos number of unit supply?

Shyam Sundar, Chennai

8th January 2015

Comment

Which are key micro markets that witnessed that witnessed maximum activity during the year?

Shyam Sundar, Chennai

7th January 2015

Comment

OMR, Sriperumbudur, Pallavaram, ECR (East Coast Road), Guindy and GST Road, among others were the influencing micro markets in South Chennai. Interestingly, in the southern region almost 85 per cent of the new supply comprised of small-size projects that had less than 100 units each.

The key micro markets that witnessed maximum activity during the year in West Chennai included Poonamallee, Oragadam, Avadi, Ambattur, and Valarpuram, amongst others.

Madhukar, Chennai

8th January 2015

Chennai witnessed the launch of about 360 projects in 2014, out of which 66 per cent projects were launched in South Chennai, followed by 25 per cent in West and 6 per cent in Central part of the city.

Madhukar, Chennai

7th January 2015

Comment

Interestingly, over 80 per cent of the new supply in Chennai comprised of small-size projects that had less than 100 units each. This could be due to the fact that Chennai market is essentially driven by the presence of several local developers. Additionally, the city boasts of having maximum demand for affordable properties.

Ananth KV, Chennai

7th January 2015