Chennai Real Estate Update for Q1 2016

Due to IT/ITeSestablishments, majority of the rental activity involving top markets with maximum rental availability and demand were both skewed towards the Old MahabalipuramRoad (OMR).

•Two major connecting roads, i.e, Chennai Bypass Road and GST Road emerged as showstoppers for new residential launches in this quarter.

•Unlike other cities, Chennai witnessed a good distribution of residential supply within different price segments (33 per cent affordable, 36 per cent mid-segment projects and 31 per cent luxury projects).

For detailed Chennai Real Estate Update for Q1 2016