News about Chennai Real Estate

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…

Residential real estate dominates: Sector claims 45% of total investments. 2024 witnessed the residential sector with the highest amount of INVESTMENTS at 45% share of the total investments, followed by office at 28%. While the office sector dominated institutional investments post-2015, 2024 has witnessed a paradigm shift. “The residential sector has emerged as a standout…

2024 இல், குடியிருப்புப் பிரிவு $8.8 பில்லியன் நிறுவன முதலீட்டு வரவுகளில் கிட்டத்தட்ட 45% ஈர்த்தது. Year-ender 2024: Real estate sector attracts record $8.8 bn institutional investments   Among different asset classes, the residential sector attracted almost 45% of the institutional investment inflows followed by office buildings at 28% . The year 2024 saw the real estate sector attracting…

 Growth over the past 25 years Chennai’s commercial real estate market has seen a 75-fold growth over the past 25 years, reaching 76.5 million square feet by the first half of 2024 from 0.5 – 1 million square feet in 1999. Meanwhile the residential segment has grown about 27 times to 2,75,000 housing units from…

Three IT parks to come up at Mannivakkam, Malayambakkam and Vandalur along Outer Ring Road in Chennai  In a major boost to the software industry in Tamil Nadu, the state government is planning to develop IT parks on three sites of the 50-metre strip of land along the eastern side of the Outer Ring Road…

Recent Infrastructure Development in Sriperumbudur Chennai-Bangalore Expressway: A six-lane expressway, already operational, significantly reduces travel time between Chennai and Bangalore, boosting logistic efficiency. Greenfield Airport (Parandur): Proposed second airport for Chennai, expected to decongest the current airport and cater to future passenger and cargo demands. Dry Port: Facilitates inland customs clearance and cargo movement, offering an alternative to…

  ORR development plan ORR development plan moots Minjur, Red Hills, Poonamallee & Vandalur as growth nodes CHENNAI: Minjur, Red Hills, Poonamallee, and Vandalur would become nodes of economic growth, as the Chennai Metropolitan Development Authority (CMDA) [has identified these localities for implementing tailored economic activities under the Outer Ring Road (ORR) development plan. The…

“Buildings in Chennai expected to grow about 1.5 times by 2030” The Tamil Nadu Department of Environment, Climate Change and Forests, along with the Indian Institute for Human Settlements (IIHS), held a ‘Workshop On Energy-Efficient Habitats’ on Friday. At the event, IIHS Director Aromar Revi, in his presentation, citing the ‘India Report-Chennai 2030’, said Chennai’s…

With continuous infrastructure upgrades and the commitment of the government to reinforce Chennai’s positioning as an economic and investment hub, the real estate market of the city has grown from strength to strength in recent years. The city not only beat market expectations in 2023 but holds promise of an equally strong performance in 2024….

Choosing the Right Site  Every successful real estate development project starts with a site that aligns with the developer’s target market and main demographics. Because choosing the right property can make or break a property . developers must find the best real estate opportunities.You’ve heard it before: location,location,location. To help assess potential sites, developers consider…

Challenges in Real Estate Development Real estate development is the business of building new structures and modifying existing ones to increase their value. Developers may specialize in commercial or residential buildings, ranging from apartment complexes or single-family homes to restaurants, office buildings, warehouses, and retail spaces. Most developers handle a project from the earliest planning…

Expansion in Tambaram   Building a residential property involves many complex rules and regulations determined by local authorities and government bodies. CMDA is the primary organization that governs these regulations to ensure sustainability, safety, and urban development. These rules were established in 1975 for the construction and development of residential buildings within the Chennai Metropolitan…

‎THE GROWTH OF RESIDENTIAL MARKET Tamil Nadu, contributing a substantial 8.8% to India’s GDP, stands as a powerhouse in the nation’s economic landscape, with a Gross State Domestic Product (GSDP) of $314 billion in 2023 positioning itself as India’s second-largest State economy. Looking ahead to India’s centenary of independence in 2047, projections suggest that Tamil…

Sipcot’s expansion plans (SIPCOT) nas established by the Government of Tamil Nadu in the year 1971 with the specific objectives of playing a catalytic role in the promotion and developnicnt of medlum and major industries and to hasten the industrial d~spersal in backward and under developed areas of the State. Tamil Nadu recorded an investment…

Tambaram’s Eastern Bypass awaits land for construction Residents, living in a total of 188 houses, encroaching on various government lands in three revenue villages, have to be provided with alternative housing and shifted, if Chennai’s Eastern bypass from Perungalathur to Rajakilpakkam is to be completed. The 9.3-km-long bypass for Tambaram, running from Rajakilpakkam on Tambaram…