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‘Housing demand in Chennai remains stable’

1 Comment Sub Category:Chennai,Realty News,Residential Real Estate Posted On: Oct 12, 2012

Property consultants Jones Lang LaSalle reported that the demand for residential units in and around Chennai has remained stable in the third quarter of current year.

Around 5,600 units have been absorbed in the quarter when compared to some 5,550 units in April-June 2012 quarter. The growth corridors like OMR and GST have continued to remain the most demanded areas. However, Porur, Ambattur and the adjoining areas have emerged as new demand locations.

Analysts have stated that Chennai realty market is in a stable position in the all India realty scenario as rentals and capital values across the sub-markets in the city are also expected grow in the coming quarters.

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