Housing Projects in Chennai
The real estate market in Chennai has shown upheavals following the housing crisis. The residential as well as commercial real estate markets have slumped badly due to liquidity crunch and studies reveal that following recession, Chennai has shown a 90% drop in the demand for residential projects. However, “tough times don’t last but tough men do”. The housing market has turned around lately and it is showing an upward trend.
What makes Chennai a favorite destination for the housing market?
It is well known fact that Chennai is out of the few cities that are destined to reach its zenith in the forthcoming years. It is a home to the thousands of people employed in IT/ITES sector. There is an advantage that Chennai enjoys and is therefore a favorite real estate destination – whether it is residential, commercial or retail market. This is further strengthened by the fact that new housing projects in Chennai are rapidly striking roots.
Factors that help in promoting housing projects in Chennai
Since Chennai is growing rapidly, in addition to being a home for thousands of people from all over the country and outside, the following factors prove to be advantageous for the builders and developers here. Check them out –
- Cost advantage
- Better infrastructure
- Educated workforce
- Right investment atmosphere
- Lower attrition levels
New housing projects in Chennai
Given below is a list of the new residential projects. They are as follows –
South Chennai
- Location: Shollinganallur, South Chennai
- Specifications: Apartment with 2/3 bedrooms
- Area: 1075 to 1435 sq ft
- Builder: RAMS
West Chennai
- Location: Mogappair, West Chennai
- Specifications: Residential apartment with 3 bedrooms
- Area: 1354 to 1637 sq ft
- Builder: Tribhuvan
North Chennai
- Location: Kolathur, North Chennai
- Specifications: Residential apartment with 1 room
- Area: 510 sq ft
- Builder: RM Construction
South Chennai
- Location: Madipakkam, South Chennai
- Specifications: Residential apartment with 2 rooms
- Area: 693 to 1107 sq ft
- Builder: Palace Homes
South Chennai
- Location: OMR, South Chennai
- Specifications: Apartment with 2/3 bedrooms
- Area: 848 to 1284 sq ft
- Builder: Pushpadruma
South Chennai
- Location: Porur, South Chennai
- Specifications: House with 2/3 bedrooms
- Area: 1240 sq ft to 1340 sq ft
- Builder: Rajeswari Infrastructure Limited
Prominent Developers and Builders in Chennai
Prominent builders and developers taking the onus of the housing projects in Chennai are as follows –
- Tristar Housing and Developments Pvt. Ltd
- XS Real Properties Pvt. Ltd
- Shanti Builders
- RAMS Builders & Investments
- Appaswamy Real Estates Ltd.
- Rajaratham Construction Pvt. Ltd
- Accord Builders
- Devi Builders
- Ramky Wavoo Developers
- AKS Housing Development Company
- Doshi Housing Limited
- Navin Housing & Properties Pvt. Ltd
The housing projects in Chennai – both the newly built as well as the upcoming ones are a testimony to the improving conditions in the housing market in this part of the country.
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