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Chennai Real Estate Articles

Real Estate in Chennai
Chennai, formerly known as Madras, is the fourth largest metropolitan city of India and the capital of Tamil Nadu. The city with an estimated population of 6.90 million is a large commercial and industrial centre, and is known for its impressive cultural heritage and temple architecture. The city with a right mix of tradition and modernity is undoubtedly one of the most preferred destinations foreign direct investment (FDI) in India such as joint ventures and Real Estate investments.

Chennai is poised for a quantum leap; it has several inherent advantages for real estate development, availability of skilled manpower, better infrastructure and cosmopolitan outlook. The all-round development has enthused national & international real estate developers to enter the Chennai property sector. There has been upsurge in demand for residential apartments and property. The spillover effect is felt in suburbs as well with real estate and property developers garnering more areas for residential property development. Properties offering world class lifestyle amenities are mushrooming across the city.

Old Mahabalipuram Road (OMR, Chennai)

"Good Old Mahabalipuram Road, now known as the IT Corridor of Chennai, is the latest beehive for real estate development." reported The Hindu in February this year. Stretching from Taramani and Perungudi to Padur and Kelamakkam, the area has seen property / land prices escalate almost three times in less than 3 years, and a further increase of 20-25% is estimated for 2007. It has not only escalated the capital value of commercial real estate, but also stimulated the demand of residential real estate.

The entry of established builders / developers like Unitech, Puravankara, Sobha Developers, Brigade, Prestige, Hiranandani Constructions, DLF, K Raheja, and Divyasree is by itself a clear indication of the growing potential engulfing the city through its IT Corridor. Other projects under implementation include those developed by Real Value Properties, Akshaya Homes, Citilights, Ceebros, Sucons, Ran Tech, Appaswamy, XS Real Properties, Srinivasa, etc. Mumbai based Hiranandani Constructions has acquired nearly 100 acres of land opposite Siruseri Park.

Singapore Realty is building a huge township project with 6,000 apartments inside Siruseri Park. Some of the prime residential developments marking the IT Corridor are Arihant Escapade, Arihant Heirloom, Olympia Opaline, Mantri Synergy, Hiranandani Upscale, Purva Swanlake, Vijay Shanti Builder's Gangotri, Ten's Oakwood Utopia.

The commercial real estate property have been on the upswing as IT companies are the prime occupants. Cognizant Technology Solutions (CTS), Tata Consultancy Services (TCS), Infosys, Satyam, Polaris and Accenture have already set up shop on the IT corridor. Both TCS and CTS have two units on the corridor and the former is developing its third unit inside the SIPCOT's Siruseri Park.

An IT SEZ by TIDCO on 25 acres on the IT corridor will provide commercial space for a convention center cum five-star hotel. Projects under development include Ascendas ITPC, RMZ Millenia 1, Olympia Tech Park, Prince Software Park and Arihant Technopolis.

A number of retail developments also mark OM Road. There are confirmed plans to develop malls by many real estate companies like Allied Group in partnership with Arihant Foundations & Housing, Marg Constructions & Suryavardhan Estates within the next two years. Given its furious development in IT/ITES infrastructure, retail and residential space, the Old Mahabalipuram Road is fast becoming Chennai's Gurgaon.
Chennai Real Estate Articles
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NRI - Buying the India story
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Hiranandani here to stay
Minimum age for an Indian property buyer
Home loans
Beware of frauds
Gloomy atmosphere in real estate
India on a developing spell
Rent sky rocketing
Stars and property
Buying old property; Balance of IQ & EQ
Growth of Chennai
New marg project
Rainwater Harvesting
Chennai Real Estate
2 Bhk, Flat for Sale in Porur
Porur, Mandanandapuram, 2 Bhk Flats, 742, 977 Sqft, 1st and 2nd Floor, Rs.3800 per sqft near Swamy School. Contact: Srinivas Babu - 9841180566
2 Bhk, Flat for Sale at T.Nagar
2 Bhk Flat, 700 Sqft, 2nd Floor, near Bus Stop. Contact: 98411 80566 6
Commercial Properties for Rent
Corporate Companies and Warehouse. Contact: 9841180566
2 BHK, Flat at Alapakkam
2 BHK, 792 sqft, Flat at Alapakkam, Astalakshmi Nagar. Rs.20 Lacs. Contact : 98411 80566
Plot at Manapakkam
1 Ground, 1/2 Ground Plots for Sale at Manapakkam. Contact : 9841180566
1 Ground Plot at Kolapakkam
Kolapakkam 1 Ground and 1/2 Ground plots available. Contact : 98411 80566
New Flats at Manapakkam and Mugalivakkam
2BHK, 800 sqft, 900Sqft, 3 BHK, 1400 sqft (Near Swami School). Contact : 98411 80566
Tea & Coffee Estate for Sale
Tea & Coffee Estate at Kodai and Theni. Contact: 9841180566
Chennai Ladies Hostels / PG Accomodation
Nissi Ladies Hostels
No.73, L.B. Road, Adyar,
Chennai - 600 020
Ph: +91 98840 24447
Sneha Ladies Hostels
29,G N G Colony, Ambattur,
Chennai - 600 053
Ph: +91 44 2625 2088
Kalaimagal Ladies Hostels
10, Mehta Nagar, Rajeswari Street,
Aminjikarai, Chennai - 600 029
Ph: +91 44 4218 6551
Anna Adersh Working Women Hostels
21/162/1,9th Main Road
Anna Nagar, Chennai - 600 040
Ph: +91 44 2626 5435
Working Women Hostels
19, East Spur Tank Road,
Chetpet, Chennai - 600 031
Ph: +91 44 2836 1434, 2836 1825
Aiswaryan Ladies Hostels
21,Loganathan Nagar, 1st Street,
Choolaimedu, Chennai - 600094
Ph: +91 44 23610194
More Chennai Ladies Hostels
Shanti Colony, Anna Nagar,
Chennai - 600 040.
Mobile : 98400 66740
Q-93, 4th Main Road, Anna Nagar,
Chennai - 600 040.
(Near Yes Yesi Supermarket)
Phone : 26192619
Mobile : 99400 22619
AC-63, 5th Avenue, Anna Nagar,
Chennai - 600 040.
Ph : +91 - 44 - 2621 3388 /
2626 8388
Man and Soil Builders (Pvt) Ltd
No.54, 1st Flr, Vada Agaram,
Nelson Manickam Road, Choolaimedu,
Chennai - 600094
Tel: (044)-23744892
Mobile: 919841029736
Pearl Constructions
5/15A, Brindavan Colony,
Gandhi Road, Choolaimedu,
Chennai - 600 094
Phone: 044 - 23613833
Mobile: 98412 34678,
94444 18981
"Pozhil" #29(Old # 61),
Bajanai Koil Street,
Choolaimedu, Chennai - 600 094.
Ph : +91 - 44 - 2361 4740 /
2361 4780
Cell : 94441 00300 / 94440 02934
56-C, Lakshmanaswamy Salai,
K.K. Nagar, Chennai - 600078.
Phone : +91 44 2366 3322
Tele / Fax : +91 44 2366 1617
Macro Marvel Projects Limited.,
Glenden place, 813,
Poonamallee High Road,
Kilpauk, Chennai - 600 010. INDIA.
Phone Nos : 2661 5678 (6 lines)
A-2, Ruby Palace, 5034, V Main Road,
Ram Nagar North, Madipakkam,
Chennai - 600 091.
Phone: 044- 65317156
Mobile: 9841153962
No.5, Bishop Wallers Avenue (East),
Mylapore, Chennai - 600 004
Telephone : 91 - 44 - 2499 2042 / 2499 3371 / 2499 3470
Mahalakshmi Builders
107/59, P.S. Sivasamy Salai,
Mylapore, Chennai - 600 004
Phone: +91 44 2499 1752,
+91 44 2499 1896
More Chennai Promotors / Builders