Anna Nagar at 49%..
RA Puram, Alwarpet
& Adyar of 45% in the mid-segment and 40% in the high-end
Chennai witnessed a
steady appreciation in the capital value in both mid & high - end segments
during the past three (3) years. The city ranked third in the mid - segment
with the capital values appreciating 27% since 2011.
According to the
latest report from global real estate consultants Cushman & Wakefield,
driven by the end-user demand, capital values in the mid-segment at Velachery
grew about 56% in the last three (3) years due to the presence of good physical
& social infrastructure.
The report also
stated that the demand has remained vibrant in the high - end segment with the
average capital values appreciating 34% from 2011.
In the high - end
segment, the East Coast Road (ECR) witnessed the highest capital value
appreciation of 64% followed by Anna Nagar at 49%. ECR continues to have a high
preference amongst buyers due to its connectivity to the Rajiv Gandhi Salai
(OMR) and quality offerings. Anna Nagar also witnessed continued demand that
aided the increase in high-end segment capital values.
Locations like RA
Puram, Alwarpet & Adyar also witnessed capital value appreciation to the
tune of 45% in the mid-segment and 40% in the high-end during the past three
years, primarily due to continued end-user demand for residential units.
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