What is the Chennai Real estate sentiment in 2015?

Q: Hi as we know that real estate is gear up as a whole, I want to know that what is the update in Chennai residential real estate market?

Priya Sharma, Chennai

16th February 2015

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Hi its is good that you all are discussing about Chennai reality in this platform. I am the residential person of Chennai and I want to give some light in this point that Chennai is witnessing growth in IT/ITES along the OMR, GST, Mount-Poonamallee road and Ambattur. The NH-4, Oragadam (SH57) and NH5 are also emerging as hot spots for manufacturing, warehousing and logistics related infrastructure. Hence the surrounding areas near the growth corridors would be good investment choices.

Kunal,

16th February 2015

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Hi all, As per one of the leading news paper survey Housing sales improved by 5.5 per cent q-o-q in fourth quarter last year and improved home buying sentiments along with developers offering festive discounts supported the housing sales. A significant development is that research reports in the last two months have revealed that global PE funds are planning to invest US$6 billion predominantly in the residential sector.

Anuj Gupta, Mumbai

18th February 2015

Hi all, Chennai is the preferred destination for corporate occupiers due to availability of skilled professionals and Tamil Nadu accounts for more than 30 per cent of the engineering talent available in the country.

Vasanth,

16th February 2015

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Now as Chennai is gearing to catch up with the lost momentum in investments when compared to its cousins in South. The real estate market is predominantly driven by end users constituting 70-80 per cent and their typical investment ticket size has been estimated at Rs 40-60 lakh. However, the pent-up demand is slowly entering the market now.

Pavan kumar, Chennai

16th February 2015

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Hi priya, you are right that real estate is growing day by day and for India it is very good sign in overall infrastructure boostup. As Govt is also taking due initiative in these regard including 100 smart city project.

Pavan kumar, Chennai

16th February 2015

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