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A quaint village on Chennai’s East Coast Road on the cusp of development Poonjeri was once known for farming. But it is now part of the CMDA’s New Town Development Plan for Mamallapuram, a heritage town. The CMDA is identifying projects to promote tourism, heritage, and business travel. The plan will cover 123.48 square kilometres…

MM NAGAR DEVELOPEMENT: Maraimalai Nagar New Town was conceived by CMDA as part of its 1st Master Plan for Chennai Metropolitan Area. This new town is located 45 Km. from the city and was envisaged as a full fledged Satellite Town and also as a countervailing force to control future emigration into the City.  About…

CMDA prepares blueprints for six satellite town After creating a blue print for six new satellite townships planned in the Chennai Metropolitan Area (CMA), the Chennai Metropolitan Development Authority (CMDA) has identified consultants for preparing the Detailed Project Report (DPR) for four of them. Sharing the salient features of the Thirumazhisai township to be developed, a…

Chengalpattu  new bus terminus by December 2024 The Chennai Metropolitan Development Authority (CMDA) announced the opening of tenders for the construction of a new bus terminus in Chengalpattu. This project will come up on 9.95 acres of land (40,274 square metres) near the Venpakkam panchayat. An official of the CMDA said that a work order…

Is North Chennai now the choice of homebuyers? North Chennai has long been the industrial backbone of the city, housing major ports, refineries, and manufacturing units. This strong industrial base now acts as a magnet for talent and investment. With improved connectivity and a burgeoning residential sector, skilled professionals are increasingly opting to reside in…

Lake rejuvenation project ; The Chennai Metropolitan Development Authority (CMDA) has started preparing detailed project reports (DPRs) for rejuvenation of 10 lakes across the Chennai Metropolitan Area. The lakes include those at Perumbakkam, Retteri, Madambakkam, Ayanambakkam, Velachery, and Adambakkam. The DPRs are ready for seven lakes. The reports for the Sembakkam and Adambakkam lakes are…

Mahindra world city overview: Mahindra World City boasts a robust infrastructure and seamless connectivity, making it an ideal destination for both residential and commercial purposes. During the Global Investors Meet 2024, industrialist Anand Mahindra said Tamil Nadu was not the choice when Ford started its operations in India in a joint venture with the Mahindra Group. “We were…

Overview The national real estate market is expected to shift towards a more stable and sustainable pace in 2024-25, reflecting broader economic trends and a maturing market landscape. Chennai has shown a strong performance over the past year, driven by robust demand and strategic investments from major developers. Key real estate players have announced significant…

Future of real estate in India The report further claims that the Indian real estate sector will have growth projections of nearly $1 trillion by 2030—a market size significantly larger than the US$200 billion one in 2021. This growth in the real estate market in India is expected to push up India’s GDP by 13% on…

 Chennai  Developments Chennai’s investment in real estate has shown exceptional growth in 2024 compared to 2023 in terms of new home launches and housing sales. In 2025, the city is expected to have a major positive impact on the economic growth of the state. The state’s gross domestic product has been consistently growing, which is…

  Investing in Chennai Real Estate Given the Chennai property price predictions, 2024-25 is an opportune time to invest in real estate in Chennai. The market’s steady growth, strategic investments, and infrastructural developments make it a promising destination for residential and commercial investments. If you are considering buying property in Chennai, understanding the city’s property market…

Properties near a metro station tend to appreciate in value faster and retain their value better than properties in other areas. On average, properties near a metro station can increase in value by 10–20%. Increased demand: Properties within walking distance of a metro station are generally more desirable and have higher rental values.  Metro connectivity provides…

The real estate industry in India faces a formidable challenge: providing adequate housing for all citizens amid rapid urbanisation and burgeoning population growth. With over 60 million households lacking access to proper shelter, the need for affordable housing solutions has never been more urgent. Effective real estate policies play a pivotal role in addressing this…

Avadi is a western suburb of Chennai, and the headquarters of Avadi taluk located within the Thiruvallur district of Tamil Nadu, India. Situated at about 22 kilometres (14 mi) from Chennai Central Railway Station, it is one of the four municipal corporations in the Chennai Metropolitan Area and is governed by the Avadi Municipal Corporation….

Old Mahabalipuram Road is a premier real estate destination, attracting prospective homebuyers and industrialist to set up their businesses on the OMR road. OMR Chennai is famous for being the city’s primary IT and business district, often referred to as the “IT corridor.” It is known for its modern infrastructure, tech parks, educational institutions, and…

Chennai property price prediction 2024-25 forecasts a 5-7% increase in property prices across the city. This growth is attributed to ongoing infrastructure projects, such as the Chennai Metro Rail Phase II, and the overall economic recovery in the past few years.   In a few years, you may step off the metro and into your…

Private equity investors have shifted their focus from office properties to warehouses, which made up more than 50% of their 3 billion dollars total investments in the first half of 2024. According to a report by Knight Frank on “Trends in Private Equity Investment in India: H1 2024,” private equity (PE) investments in Indian real…

தேசிய வீட்டுவசதி வங்கியின் ரியல் எஸ்டேட் புள்ளி விபரம் ஒன்றை வெளியிட்டுள்ளது. 4 மாதங்களுக்கு முன்பு, சென்னையின் நில மதிப்பு உயர்ந்துவிட்டதாக ரியல் எஸ்டேட் தரப்பில் ஒரு செய்தி வெளியாகியிருந்தது.. அதாவது, மெட்ரோ ரெயில் பாதை செல்லும் பகுதிகளை சுற்றியுள்ள இடங்களின் சொத்து மதிப்பு திடீரென 30 சதவீதம் முதல் 40 சதவீதம் வரையும், மற்ற பகுதிகளை காட்டிலும் மெட்ரோ ஸ்டேஷன் பகுதிகளில், 50 சதவீதம் வரை சொத்து மதிப்பு உயர்ந்துள்ளது. பத்து வருடங்களுக்கு முன்பு வடபழனியில்…

CHENNAI: Around 80 delegates from CREDAI (Confederation of Real Estate Developers’ Associations of India) National visited housing projects in Chennai to understand the real estate growth in the city. They visited luxurious projects, co-living spaces and affordable housing projects in different parts of Chennai.     Aslam Packeer Mohamed, secretary, Credai Chennai, said, “Ongoing metro…

Tunnelling on one of the toughest stretches of CMRL phase-two between Kolathur junction and Villivakkam MTH Road metro (earlier Nadhamuni metro), covering 7.8km, may commence by November. The stretch, which is the only underground section on corridor-five, is likely to pose a challenge to engineers as they may have to drill through hard rocky soil…