Residential
Residential sales remained restricted in Chennai.
However, the number of new launches improved during the month of June, 2013.
Some of the
prominent launches during the month were Prince Highlands in Iyyapanthangal,
Kgeyes Samyuktha in Madambakkam and VGN Dynasty in Melapakkam.
|
Residential
|
Rents
|
Capital Value
|
|
Key Areas
|
Rs. per month for a 1,000 sq. ft two-BHK
apartment
|
Rs. per sq. ft
|
|
Adyar
|
20,000 to 30,000
|
11,000 to 17,000
|
|
Medavakkam
|
7,000 to 14,000
|
3,600 to 5,250
|
|
Tambaram
|
6,000 to 12,000
|
3,500 to 4,500
|
|
Anna Nagar
|
15,000 to 25,000
|
9,000 to 14,000
|
|
Porur
|
5,000 to 10,000
|
3,800 to 6,200
|
|
Sholinganallur
|
9,000 to 12,000
|
4,250 to 5,800
|
In addition, Marutham Group launched two new
projects near Tambaram and Casa Grande and added one more villa project named
Avalon in Perumbakkam. Capital values and rents remained largely unaltered
during the month.
INFRASTRUCTURE ONGOING ..
Thirumazhisai, located along the Chennai-Bangalore
Highway, will soon get a multistoreyed
industrial estate at a cost of Rs. 20 Croree.
In addition, the state government has also planned
to create a land bank of 2,000 acres to promote the micro-industries in the
state
For more information about our research
Ashutosh Limaye
Head, Research and REIS
+91 98211 07054
Trivita Roy
Assistant Vice President, Research
+91 40 4040 9100
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