Chennai realty market
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 »
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 [...] Continue Reading »
Job market slump and poor increments seem to have hit the residential real estate of Chennai. According to international realty firm Jones Lang LaSalle (JLL), suburban Chennai’s residential apartment market is taking the hit with premium and luxury segment are the worst hit. Still, many developers feel that Chennai realty is better off than some [...] Continue Reading »
Old Mahabalipuram Road (OMR) or Rajiv Gandhi Salai is transforming into a real estate destination from a suburb in Chennai. The setting up of TIDEL Park on Old Mahabalipuram Road (OMR) in 2000 changed the landscape of the area. Premium residential housing market along the belt starting from Madhya Kailash, all the way to Thiruporur, [...] 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 »
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 »
