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…
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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…
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….
