Realty markets of North and South Chennai : A CommonFloor Report

Chennai, located in the Southern state of Tamil Nadu, is one of the important metropolitan city in India. Being the capital of the state, the city garners high demand for housing across different segments of the realty market. Other economic factors driving realty growth include the manufacturing industries, tourism and IT industries. Currently, the suburbs have emerged as major hotspots for real estate activity in Chennai. Data suggests that there has been a steady increase in demand for residential realty in these suburbs mainly driven by people migrating here for work. As a result, there has been a proportionate hike in prices over the years. This price rise can be attributed to various reasons such as decreasing land parcels in these areas and increasing cost of raw materials and labour. Nevertheless, there is high demand and a number of projects are in the pipeline

“As part of ‘Real Insights’ into real estate, CommonFloor.com has come up with a detailed report on North and South Chennai real estate market – one of the key micro-markets in Chennai – with in-depth analysis based on CommonFloor data.

  For detailed report“

Through this report, we have tried to highlight the realty trends of localities in north and south Chennai. We have selected four
localities each from both north and south parts of the city, having maximum number of projects and are in close proximity to each
other. These localities include Medavakkam, Pallikaranai, Madipakkam and Velachery in the south and Kolathur, Ambattur, Oragadam and Perambur in the north which are nearly neighbouring locality to each other.