Chennai real estate
According to a real estate research, 2012 was not a thriving year for the real estate sector and even in 2013 the real estate market is not likely to witness the graph of success. Although there is a steep rise in residential properties, the private equity sector dried up. If the land acquisition bill and [...] Continue Reading »
Chennai- Chennai real estate market has been exhibiting positive signs of growth, especially in the suburban areas, owing to the fast development of sectors including IT, financial services, telecom and other allied services, which are the key economic drivers of the city. A 20-25 percent rise is observed in the number of queries over residential [...] Continue Reading »
Chennai- According to a report by Knight Frank, in next five years Medavakkam is expected to outscore other residential hubs with regard to real estate property. Medavakkam is among 13 top investment destinations to appreciate more than 90 percent. The survey has taken a number of things into consideration such as lifestyle change, job creation [...] Continue Reading »
Chennai’s CBD areas observed a downfall in demand for smaller and medium format office spaces with the absorption recorded at around 44,000 sq ft, during third quarter predominantly. The Suburban Business District (SBD) including areas such as Velachery, Perungudi and Mount Poonamallee Road have witnessed restrained demand levels for office space, with absorption recorded at [...] Continue Reading »
Kotak Realty Funds,the real estate private equity fund of Kotak Mahindra Group, has entered into a joint venture with Chennai-based Akshaya Homes. The joint venture has been formed for construction of residential units on a 20-acre plot off Chennais Old Mahabalipuram road. It is a revenue-share venture, where Kotak will hold 20% stake while Akshaya [...] Continue Reading »
Promotion being one of the strongest weapons to market a project increases the visibility of the project. Akshaya Pvt Ltd launched its 150th project, which is the tallest residential tower of Tamil Nadu two weeks ago. This event was launched in order to mark the innovation and even its larger-than-life allure. A 15 ft high model of [...] Continue Reading »
South Chennai is coming up with a number of new township projects for possession or nearing possession. These new projects offer a variety of property types ranging from multi-storey apartments, builder floor apartments, independent villas and plots, priced at Rs 2500-3700 per sq ft. An appreciation of 30% has been witnessed since the projects were [...] Continue Reading »
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 [...] Continue Reading »
East Coast Road (ECR) is fast becoming a top residential locality of Chennai. The property values have crossed the mark of Rs 11,000 per sq ft at prime locations near beach and are still on the rise. The expansion of IT/ITeS sector is the main fuel in the real estate growth. Revival of demand for [...] Continue Reading »
Property consultancy firm Jones Lang LaSalle has reported that in order to attract home-buyers in Chennai, developers are planning several township projects with a host of amenities in the coming months. The existing scenario in Chennai real estate is going to change. The study states that the new ‘game-changers’ include generous landscaping, serene environment, schools [...] Continue Reading »
