Residential market growing in western Chennai
Unlike the highly fluctuating real estate market of other metros, residential market in Chennai has largely remained stable in the past few quarters.
Large scale industrial development in western Chennai has pushed the residential demand thereby increasing the price for residential units. The residential demand in western localities is largely driven by the people working in various MNCs, automobile companies, manufacturing units and also the recent interest shown by the NRI population.
Many major automobile and manufacturing units are located here which include Hyundai, Nissan, Renault, Hero, Nokia, Samsung, Moser bear have set up in the recent times.
Tapping into the demand, developers like Tata Housing, Vijay Shanti Developers, Godrej Properties, Hira Nandani, Orgadam City developers and Mahindra Developers have entered the real estate scenario.
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