News about Chennai Real Estate

3rd Master Plan for Chennai will be ready by December 2025 Chennai, at 23,000, lags behind other cities in housing units. A significant challenge remains in addressing the city’s housing supply and city growth, said Mishra, Member Secretary, Chennai Metropolitan Development Authority (CMDA). Currently, Chennai annually produces 22,000 to 23,000 dwelling units. This is far…

 Loop Road to make Tirumazhisai the next urban hotspot The CMDA has issued a notification to pool over 1,600 acres of land for constructing the roadway in the fast-developing suburb, which would also have residential and commercial spaces. Chennai Metropolitan Development Authority (CMDA) is implementing the Thirumazhisai New Town through a transformative Land Pooling Scheme…

Metro Rail in Chennai The Chennai Metro is a rapid transit system serving the city of Chennai, Tamil Nadu, India. The first phase of the project was opened to the public on June 29, 2015, making it the first operational metro in South India. The metro rail system has been designed to alleviate traffic congestion…

Kelambakkam-Vandalur road: Unveiling Chennai’s new real estate hotspot Vandalur-Kelambakkam Road, also known as the IT Corridor, is a stretch of road in Chennai that has witnessed rapid development in recent years. The locality is known for its excellent connectivity and infrastructure, making it a popular destination for real estate investment. Here, we will take a…

JLL REPORT: By 2030, 60% of new home buyers will be Millennials and Gen Z in India As India’s residential market picks up, the Millennials and Gen Z buyers are expected to comprise about 60 per cent of new homebuyers by 2030, the JLL anticipated in its year-end residential market note. By definition, Millennials, or…

India’s real estate market to touch $1 trillion by 2030, The real estate sector is rapidly adopting smart technologies and sustainability-driven approaches. AI-powered amenities and environmentally-conscious construction are becoming standard in the industry, with smart homes now setting the benchmark. The Indian real estate market is projected to catapult from $350 billion in 2023 to…

What makes Sholinganallur a perfect investment destination? Connectivity: Sholinganallur boasts of some of the prime infrastructure development in and around its surroundings. The area, apart from its excellent connectivity, both in terms of road and public transport, also provides easy access to the rest of Chennai and the nearby IT corridor via the East Coast…

The registration of residential units saw a significant rise in  chennai   The registration of residential units saw a significant rise in chennai, with 7,218 units registered in Q1 2024 a 40 per cent increase compared to the previous quarter. Southern suburbs accounted for the largest share of registrations with 29 per cent of the…

After a 2-year bull run, home sales are down 11%, property prices up by 23% India’s real estate market witnessed an eleven per cent decline in housing sales during the third quarter of 2024, according to a report by ANAROCK Research. While the top seven cities (NCR, MMR, Bengaluru, Pune, Hyderabad, Kolkata, and Chennai) accounted…

Introduction : Just a short 1-hour 14-minute drive (42.8 km) from Chennai via NH 32 and NH 4, Guduvanchery is a thriving suburb that seamlessly blends modern conveniences with a peaceful, community-oriented atmosphere. History: Rich in tradition, with a strong agricultural past. Real Estate: A growing real estate market, well-connected to Chennai via NH-45 and…

Real estate players looking at Chennai as next big market for future projects Chennai’s residential real estate market is bustling with activity, showcasing a substantial 5 per cent surge in home sales, reaching 14,920 units in 2023, signaling a robust return to its pre-pandemic dynamism. This resurgence has caught the eye of numerous investors and…

Upcoming Elevated Corridor on ECR: A Catalyst for Real Estate Growth and Investment in Chennai   The 15-kilometer elevated corridor, costing Rs 1,075 crore, will enhance connectivity and reduce travel time while improving access to key areas on ECR  Chennai’s real estate market is always on the cusp of transformation due to its persistent infrastructural…

South-facing plots on high demand in the current real estate market The cardinal directions of the compass – North, East, West, and South – hold significance beyond mere geographical orientation; they form an integral aspect of the ancient architectural science known as Vastu Shastra. People often consult these directions before buying or constructing a home….

Market outlook 2025: IT, chemicals, banks among top sectors to invest   In 2024, Indian benchmark indices have given decent returns even with uncertainties surrounding the markets. The BSE Sensex has gained 9.6 per cent year-to-date (Y-T-D), while the National Stock Exchange (NSE) Nifty rose 8.4 per cent.   As we look ahead to 2025,…

overview “During Jan-Sep’24, Chennai witnessed the launch of 15,000 units across prominent micro-markets in South (Sholinganallur, Pallavaram and Sithalapakkam), North and West Zones. Sales also gained traction, with 14,600 units being sold in the South Zone (Melakottaiyur, Perumbakkam and Sholinganallur) with a share of about 60 per cent, followed by the West Zone (30 per…

Expectations  In 2025 The Indian real estate market is expected to conclude 2024 as one of the best years in terms of the sector’s performance across the top seven cities. At the end of 2024, over three lakh homes worth Rs 5,10,000 crore across 485 million sq ft are expected to be sold, according to…

Housing sales expected to fall by 21% annually Housing sales are estimated to fall 21 per cent annually across nine major cities during October-December period to 1.08 lakh units on high base effect, according to PropEquity. Real estate data analytics firm PropEquity on Saturday released the sale numbers for India’s top nine housing markets —…

‘Trends in Private Equity Investment in India 2024’.   The report revealed that private equity investments in Indian real estate reached $4,153 million in 2024. The warehousing sector led the way, accounting for 45 per cent of the total investments, followed by the residential sector at 28 per cent and the office sector at 26…

WEST CHENNAI DEVELOPMENTS: Larger spaces and high-value homes with enhanced amenities in western Chennai are becoming increasingly popular among homebuyers, thanks to the upcoming metro connectivity. A report by property consultants Knight Frank India, ‘India Real Estate – Residential and Office Market – Jan-June 2024,’ says the Chennai residential market reported a 12% year-on-year increase…

North Chennai sees surge in real estate development Over 50 new residential projects are currently in various stages of development in the region; availability of land at affordable rates here attracts buyers. CREDAI Chennai president says the region is poised for exponential growth in the coming years, driven by factors such as the expansion of…