Chennai Realty 2015

Q: What is the outlook of the Chennai real estate market? Would I like to hear your opinions about the Chennai realty market?

Srinivas , Chennai

12th June 2015

Locality Review in Chennai

real estate market

investment advice chennai

real estate market growth

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Replies (11)

I would suggest you to kindly visit http://www.mouthshut.com/chennai-builders-and-developers or http://www.consumercomplaints.in/?search=chennai or any other website which gives consumer reviews, Explore in detail. This is the voice of consumers like us about different Real Estates in Chennai. Be aware before investing.

MadhavJha, Mumbai

9th July 2015

Comment

Chennai outskirts finding lack of Water Supply, Proper Roads And Sanitation Despite Big Plans. The quality of infrastructure, especially the quality of its roads is the key to real estate growth. Chennai, though, has grown primarily through its suburbs despite an appalling lack of basic infrastructure. Development of residential colonies and commercial activity have long outpaced infrastructure in most newly developed parts of the city .

Sreenath, Chennai

15th July 2015

Absolutely agree!! I think lack of proper roads, water supply and good sewerage network with a poor garbage disposal system has resulted in the real estate sector struggle and block demand. Investors and customers are getting few options to choose localities due to the lack of infrastructure.

Parashuram, Chennai

15th July 2015

Hi, I want to ask one question in this forum regarding expand of the metro line in future? If yes, then what impact we will see in this corridors?

Srinivas , Chennai

16th June 2015

Comment

Hi Srinivas, Chennai metro is connecting the key areas within the existing Chennai city, which is expected to reduce the pressure on public transport and reduce the private vehicle pressure on the roads.Plans for a mega region is underway. It is called the Chennai- Mahabalipurm Mega Region Plan covering about 8000 sq km.

Komathi, Chennai

16th June 2015

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Hi, In your budget, you can invest nearby Perumbakkam, Singaperumal koil and Uthiramerur.It is better to invest in the plot because it will provide adequate appreciation in next 5 years.

Komathi, Chennai

15th June 2015

Comment

Thank you very much for your guidance. It's a well thought through response. OMR, Sriperumbudur, Pallavaram, ECR, Guindy and GST Road, among others were the influencing micro markets in South Chennai. Interestingly, in the southern region almost 85 percent of the new supply comprised of small-size projects that had less than 100 units each.

Priya Sharma, Chennai

15th June 2015

Comment

Hello, Appreciate your response, I am confused My budget is quite low 20-30 lakh? Where can I invest? Which is better, investing in plot or apartments in Chennai?Please list the localities in Chennai.

Pavan kumar, Chennai

14th June 2015

Comment

Hello, 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

P Viswanathan, Chennai

13th June 2015

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Hi, great insights in this forum but I personally think that in Budget of Rs 60 to Rs 90 lakh, you can invest in the extended development in and around Velachery and Tambaram also the key micro markets that witnessed maximum activity during the year in West Chennai included Poonamallee, Oragadam, Avadi, Ambattur, and Valarpuram, amongst others.

Komathi, Chennai

13th June 2015

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Hello, Dear I am NRI planning to invest in Chennai with a budget up to Rs 60 to 90 lakh, kindly suggest some good localities?

Alex Stephen, Chennai

13th June 2015

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Hi all, Currently the civic authorities namely Chennai Corporation and other local bodies are taking steps to tackle the rainy situation. Storm water drains have been cleared. New channels have been constructed and de-silt has been done in water bodies.

Charan Raju, Chennai

12th June 2015

Comment

Hi all, Can anyone tell me which are the areas in Chennai where proposed and on-going infrastructure development going on, that will impact the prices in the future?

Muniraj, Chennai

12th June 2015

Hi Muniraj, Good question for all who are looking to invest in the Chennai realty market. Yes, with the expansion of the city limit, infrastructural development will be concentrated in OMR, ECR, Alandur, Velachery and Tambaram areas.

Venu Gopal, Chennai

12th June 2015

Hi Charan, several infrastructure projects that are at different stages of construction and planning which will impact the citizens and the property market. These include Chennai Metro Rail, Chennai Mass Rapid Transit System, underground drainage, bus terminus, interlinking of CMRL, MTRS & suburban rail network and outer ring roads.

Monica, Bangalore

13th June 2015

Hi Srinivas, Chennai witnessed the launch of various categories of projects, out of which 66 per cent projects were launched in South Chennai, followed by 25 percent in West and 6 percent in Central part of the city.over 80 percent 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.

Priya Sharma, Chennai

12th June 2015

Comment

Very interesting insights. Thanks for your valuable input. I would like to add few more lines that the 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

Venu Gopal, Chennai

12th June 2015

Hi Priya, You are right the residential units in the price range of Rs 40 lakh - Rs 60 lakh has seen rise in demand. The major reason behind this is the reduction in lending rates for home loans, attract buyers into the market.

Kiran Kumar, Chennai

13th June 2015