New launches of Residential project in 2015

Q: what is the current update in news launch of residential project in 2015?

sharath, Chennai

24th April 2015

Real estate News in Chennai

residential project

new launches of residential project

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Replies (7)

As per latest report , Due to IT industry, developed infrastructure and connectivity, South Chennai recorded the maximum residential launches in the city during the first six months of the year. Grand Southern Trunk (GST) Road and Old Mahabalipuram Road (OMR) saw the most new projects coming up.

Pavan kumar, Chennai

15th September 2015

Comment

Hi Pavan could you tell me what are the factors that increase the new launches in south Chennai in slow driven market?

Gaurav, Chennai

15th September 2015

@ Gaurav.
There is various factor that run the south Chennai residential market:-
1. Presence of IT industry
2. Social infrastructure and rich cultural activity.
3. Clearances of project stuck since 2013-14
4. Preferred times to launch (Pongal)

Pavan kumar, Chennai

15th September 2015

Puravankara Projects Ltd. have many on-going projects in Bangalore, Chennnai and Kochi.

ref: www.puravankara.com/projects/Purva_Oceana-Overview

Sip Seo, Chennai

27th April 2015

Comment

Hi kaushal, as per survey by real estate firms in 2015 there is almost 24700 news launches across India, in which 1700 launches is in category of affordable segment, 15200 in mid segment and 7700 in high end segment is launches while in 2014 in same quarter total number of launches is 55500.

Murali Krishnan, Chennai

25th April 2015

Comment

Hi all, significantly reduction in the affordable housing segment unit by over 80% is showing that builder is not interested in launching affordable segment due to less margin. now a days builder is more focused in high end launches with max profit margins. In current quarter only high end segment is showing tremendous growth of almost 26% from last quarter.

Sundar, Chennai

25th April 2015

Comment

Hi all, I would like to add few more point as many developers or builders are taking time to restructure their debts and financial liabilities by ensuring that expensive debts are replaced with cheaper ones. They are also trying to attract private equity capital. The primary concern for many developers is that they have over leveraged their current projects while they are unable to utilize their land bank or future development capabilities to raise more capital.

Raghav TK, Chennai

24th April 2015

Comment

Hello, I can understand your view point as many of the end user and investor what to know about the new launches demand in current market. my question from all of you what is the exact fig of launches of news project?

Kushal, Chennai

24th April 2015

Expense of launching new projects has been increase as input costs including Expense towards statutory approvals etc from state government, cost of land, land development have been rising. In addition market sentiments are positive and the inquiries have increased, conversion of interest to sale is low. Developers are increasingly concentrating to deliver their projects and ensure timely exit for themselves as well as their investors.

Ananth KV, Chennai

24th April 2015

Comment

The January to March quarter of the current year has seen a 50% decrease in new residential project launches across the nation over contrasted with the same quarter a year 2014-15.

Ananth KV, Chennai

24th April 2015

Comment

Hi Ananth, you are right , the quarter saw a sum of 24,700 flats being launched, which is lowest in the recent two years. The decrease in new launches have returned on the of not exactly expected deals in the private division, because of which developer are keeping down on new launches and rather concentrating on finishing their current undertakings of project.

Priya Sharma, Chennai

24th April 2015