Chennai Residential Market Zone Wise Distribution of Stock

CENTRAL - 16%    

 NORTH -  15          

 SOUTH -  68% 

Source : IndiaProperty.com

Major Residential Markets of North Chennai

MICRO MARKET            CAPITAL VALUE (INR

psft)

Kolathur                           4,000 - 5,200

Tondiarpet                         4,000 - 5,500

Korattur                            5,000 - 6,500

Madhavaram                       3,800 - 4,500

Perambur                          5,200 - 6,500

Puzhal                             2,500 - 4,000

Having traditional set of buyers, North Chennai sees demand from its existing set of residents - mainly industrial, port and public sector employees

Budget Preference of Buyers in North Chennai

North Chennai has high percentage of middle  class population with over 70 % buyers looking
for properties under Rs. 50 Lacs budget with over 55 % of the buyers having a preference
for unit size ranging between 700 - 1,200 square feet.

Major population in North comprises of public  sector employees, railway workers and port
employees who desire to settle down close to  the areas where they have spent major part of
their lives working.

Micro Markets

Perambur, Tondiarpet, Kolathur are the major residential   localities   of   the   region.   With number   of   under   construction   projects, Madhavaram  is  growing  as  an  in-demand residential micro.  

Src: IndiaProperty.com

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