Top property market in Chennai for investment in 2015

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Srinivas , Chennai

26th May 2015

Investment Advice in Chennai

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rental advice

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Replies (12)

Residential apartments with a covered area of 600-1600 sq ft in the belt are priced in the range of Rs 17-65 lakh.Average price in this area is around Rs 6000 to Rs 6100 per sq ft.

Alex Stephen, Chennai

21st August 2015

Comment

Maraimalai Nagar is one of the fast developing areas in Chennai Situated along the Grand Southern Trunk (GST) Road. The real estate market of Maraimalai Nagar is majorly driven by people working in nearby industries and IT companies. Several automobile companies such as Ford India, Siemens,TVS and Sitel India are present in and around the locality.

Komathi, Chennai

20th August 2015

Comment

I read your blog. This is really very interesting and got useful information but can you share me what are the latest property trends in Maraimalai Nagar, chennai?

Kiran Kumar, Chennai

20th August 2015

Comment

Thank you friends. I will be happy if anybody share me which localities is best to earn maximum ROI returns from property?

Pavan kumar, Chennai

19th August 2015

Comment

@ Pavan, As per my research over last one years I found few localities which have witnessed continuous capital appreciation in the last six months are as follows:
1. Maraimalai Nagar
2. Madhavaram
3. Kolathur

subramanya, Chennai

19th August 2015

Kolathur is proximity to several IT Parks and Ambattur Industrial Area. However, apart from proximity to job hubs, it is the improving social infrastructure that has made the area profitable.The internal roads have been widened, drainage and sewerage problems have been solved, making the area more liveable.

Ananth KV, Chennai

19th August 2015

@ Ananth, What is the price trends in Kolathur and how much did I get in next 5 years?

Pavan kumar, Chennai

19th August 2015

Due to increasing demand from buyers, it really impacts the property prices. Currently, the locality offers apartments having 600-1400 sq ft covered area in the price range of Rs 22-80 lakh.Demand of housing requirement this localities will definitely appreciated in coming years.

Ananth KV, Chennai

19th August 2015

Hi Pavan, I think the price is fluctuating in this area if you see the price trends of the past 2-3 yrs. Currently, I think the average price in this area is approx Rs 5000 to 5200 per sq ft. However, you can also visit Commonfloor website to see the price trend analysis.

Rama Naidu, Chennai

19th August 2015

Copy and Paste this link to know more about Kolathur:
https://www.commonfloor.com/kolathur-chennai/rvp-51b727b93605a

Gaurav, Chennai

19th August 2015

Chennai's real estate market set for steady growth, in places like T.Nagar, Korukkupet and Injambakkam

Sakshi Dhawan, Chennai

4th June 2015

Comment

Thank you very much for your guidance but in which ground you are saying that these localities will show steady growth.

Pavan kumar, Chennai

11th June 2015

Hi, thanks for providing such a good information about the Chennai real estate market? Can anyone tell me the rental trends in Chennai?

Kiran Kumar, Chennai

28th May 2015

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Hey all, recently I heard that Metro Rail tunnel work between ShenoyNagar and Koyambeducaused a footpath and a two-storey residential building to sink 10-15mm, thereby, forcing work on a cross passage for an emergency exit.

Uday kumar, Chennai

28th May 2015

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What is the latest development going in the Chennai real estate market?

Kiran Kumar, Chennai

27th May 2015

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Hi Kiran, Chennai real estate market are expanding these days such as Monorail as per Tamil Nadu government recently said that tenders for the much-awaited Chennai monorail project would be finalised and the foundation stone would be laid very soon. Monorail was first proposed during the 2001-2006 rule of the AIADMK.

Alex Stephen, Chennai

27th May 2015

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Hi, can anyone tell me some good project for investment in current market trends in Chennai?

Pavan kumar, Chennai

26th May 2015

Comment

Hi, Pavan gr8 that you are really want to invest in the current market. few of the trending project, I know where you can invest. Express Exclusive by Express Exclusive Developers PvtLtd, VGN Fairmont by VGN Developers PvtLtd, Olympia OpalineSequel by Olympia Group, Landmark Torrence by Landmark Construction.

Raghav TK, Chennai

26th May 2015

Great Charan!, for giving your valuable thought, but North Chennai has a compact location for new development in the residential market having locomotive workshops and port related industries. The self-employed and the public sector employees drive business in this region. In present these micro market seem for smaller projects.

Raghav TK, Chennai

26th May 2015

Comment

Hi, South Chennai, along with Old Mahabalipuram Road and GST, is driven by the IT/ITES segment. The micro markets closer to the city will continue to show homebuyer interest. However, the peripheral regions in these micro markets are witnessing a maximum option in terms of sales.

Ananth KV, Chennai

26th May 2015

Hi As per my knowledge top micro market in Chennai are Chrompet, Guindy, OMR road, Perumbakkam, Navallur while Medavakkam, Porur and Perumbakkam offered maximum options for residential project.The Chennai realty market is driven by mix of IT/ITES, manufacturing and logistics. The Investor participation is long-term in nature, therefore mitigating is the current market trends.

Raghav TK, Chennai

26th May 2015

Comment

Hi Raghav, thanks for providing current market trends, Just want to add few more points in this regards so that another can get a clear idea about Chennai market.Demand for housing across the categories was stable with a marginal variation except Central Chennai where demand is high in 2015.

Charan Raju, Chennai

26th May 2015

Hi Kiran, Currently Chennai rental trends is showing tremendous growth in Thoraipakkam, OMR Road, Ambattur, Guduvancheri and Medavakkam.

Ram Gopal, Chennai

29th May 2015