Increasing demand of properties in chennai

Q: Hi , Is demand for properties from end users in Chennai increasing this day?

S Subramanium, Chennai

22nd January 2015

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Properties in the budget range of Rs 30-50 lakh were highest in demand. Properties in all other budget ranges either posted a drop of 1-2 per cent or remained stable.

Anandraj Iyengar, Chennai

22nd January 2015

Comment

Hi Anand,
thanks for giving me such a wonderful information.

Manisha Soori, Gurgaon

23rd January 2015

Hi,
The upcoming Chennai-Bengaluru Industrial Corridor, Metro connectivity, Mass Rapid Transit System and development of Smart Cities is likely to work well for the Chennai real estate market and is expected to see improved sentiments in the near future.

Chandan Thanki, Ahmedabad

24th January 2015

Hi All,
I am residential person in chennai from past 11 yrs and as per most of the expert in real estate sector most Preferred housing category for investment is apartment.Apartments continued to remain the most preferred housing category with almost 50 per cent of the total demand across categories.

Anandraj Iyengar, Chennai

22nd January 2015

Comment

In the past few quarters, Chennai real estate market has not witnessed any significant growth due to the slow uptake. However, in the Oct-Dec 2014 quarter, the city recorded a rise in average capital values. About 65 per cent of the total localities in the city recorded a rise in values and showed signs of revival. source- TOI

Anandraj Iyengar, Chennai

22nd January 2015

Comment

Hi ,
Can u tell me what is the Preferred housing category in chennai for investment or for end user?

Murali Krishnan, Chennai

22nd January 2015

Hi all, demand for properties in Chennai is increase day by day for end use as per most of the survey release by real estate expert. Almost 75% demand for properties from end users in Chennai.

Anandraj Iyengar, Chennai

22nd January 2015

Comment

Hi, as per newspaper , The city has witnessed maximum demand for properties from end-users and 25 per cent from buyers looking for property not as a place of residence but as an investment. Over 25 per cent of the total demand is from IT professionals and a healthy 14 per cent demand is from self employed professionals.

Ram Gopal, Chennai

22nd January 2015