Real Estate Forum in Chembarambakkam, Chennai

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Latest Answer: 1. Changes in lifestyles after COVID-19, may spur the demand for sustainable designs in luxury homes 2. The demand for luxury homes will be very less compared to the situation before pandemic. 3. People may invest either on affordable housing or on mid segment houses or apartments due to the uncertainty in market conditions. 4. NRI customers may invest in luxury homes as there may be price reduction of luxury houses.

Latest Answer: 1. People may prefer to buy online and hence more pressure on Brick or Mortar Retail Stores 2. Footfalls to remain low in the Malls as these are susceptible to viral spread as per studies as of now 3. Cinema would be the worst hit segment in Malls followed by F&B 4. Rentals to fall in Malls

Latest Answer: 1.Remote working to gain traction in future as businesses embrace work from home culture especially IT or ITES Sector 2.Higher investment likely in future office spaces to make them better prepared for crisis situations. 3.Office spaces to be less cramped and more thrust to be laid on air quality 4.Touchless access at lifts or entrances or vending machines etc to come to fore 5.Occupancy levels in office spaces to decline in the near term as remote working picks up. 6.NRI investment in real estate may improve amid rupee fall.

Latest Answer: Decentralization, redistribution and restructuring will be major themes of this transformation. Home as the key driver. The home will gain more prominence over place of work and influence urban development and our real estate choices. People choose to move away from the polluted and congested parts of the city. The new office. Shop cum office, independent offices etc. shall be more preferred than office spaces with central AC Reimagining retail. Online buying instead of malls and physical stores, Style strip malls and outlet centres, shops and showrooms with their own air-conditioning, which would minimize common area maintenance charges. The investment bets. Student housing, co-living and data centre hosting are the other niches which are attracting institutional investors, along with increasing demand for warehousing Flux in consumer housing. Consolidation like strong brands survival, JVs, land sales shall pick pace. Customer centricity and the use of technology will be result

Latest Answer: The Chennai Port Maduravoyal Expressway, BOT model is a 19 km long, country largest elevated expressway under construction at a cost of Rs.16,550 million, Rs.3,100 million set aside for land acquisition, rehabilitation and resettlement. It runs along the banks of the Cooum upto Koyambedu and along the median of NH4 thereon till it reaches Maduravoyal. This would ease the congestion and promote trade through Chennai port by cutting down the distance by 30 km and facilitating freight carriers from Sriperumbudur Oragadam industrial belt to the Chennai port and reducing traffic along Vandalur via ORR or Minjur by connecting two ends of the city. The main area that is expected to benefit the most is Poonamallee, one of the most affordable hubs in Chennai with over 100 projects in the area consisting mostly ready to move in homes. The property prices here vary from Rs.4000 to 6000 per sqft and with proximity to the upcoming expressway, the attractiveness of the area is bound to increase.