Chennai real estate
A recent report by Jones Lang LaSalle predicts that the residential market in Chennai is to undergo a transformation in coming months. So far there has been no scope for the growth of large-sized township projects within Chennai. Developers had been more content with building 12-30 units with limited amenities. The scene is changing with [...] Continue Reading »
Chennai-based real estate firm, Casa Grande has launched a luxury project in Chennai. The project comprises of its signature villas –Casa Grande Auburn in Perungudi. The project is located behind Prince Infocity in perungudi and covers 25 signature villas with lifestyle amenities like Club house, Swimming pool, Party hall and gym. It is available on [...] Continue Reading »
Sobha Developers, a renowned realty group based in Bangalore has entered the Chennai real estate market with two projects. The projects titled, Sobha Merrita and Sobha Serene with a cost of over Rs 400 crore in Kelambakkam and Porur respectively. Sobha Merrita spread across six acres of land, cost around Rs 300 crore. It provides [...] Continue Reading »
In the home loan market, Mumbai has dropped to number three position and Chennai is number two. A combination of factors ranging from increase in number of nuclear families to growing job opportunities in Chennai have led to a steep demand for residential real estate. Chennai has always been a conservative market as far as [...] Continue Reading »
Chennai City is witnessing a change in the concept of development of large-scale projects with the entry of big developers from outside the city planning integrated townships here. Old Mahabalipuram Road (OMR) has attracted most of the real estate development in Chennai in the last 3 years after being declared as the Chennai IT Corridor. [...] Continue Reading »
Real estate builder Landmark Construction has come up with Vertica, a range of premium luxury apartments and duplexes at the heart of Chennai. The total project cost is Rs. 261 crore. “Vertica” is coming up on 21.25 grounds on the Peters Road in Gopalapuram, the heart of the Chennai city. It is 17-storeyed complex and [...] Continue Reading »
Chennai-based Isha Homes (India) Private Limited is planning to raise Rs.150 Cr through PE to develop two projects in Chennai and one in Coimbatore for a total project value of Rs.500 Cr. Isha Homes is a real estate developer with niche villa homes segment, which entered budget apartments last year. Established in 2004 by Suresh [...] Continue Reading »
Demand is moving towards the suburbs due to better infrastructure, larger floor area, lower rentals and parking facilities. Developers are exploring the potential in many western and northern suburbs too. The construction industry is gearing up to meet the housing needs of the evolving suburbs which have become a new haven for all sections of [...] Continue Reading »
