Chennai Real Estate Market Analysis

Authored by Mark Fidelman

Chennai Real Estate to Appreciate by 10% over the next 12 months

Chennai is a blend of historic and
modern, traditional and advanced urban
elements co-mingled in a unique way.
The growth of Chennai into one of the
major cities in India is attributed to its
exceptional geographical location at the
seaboard of the palar delta. The main
factors, which account for its growth, are
the extent of its surrounding area, its
easy accessibility from the sea route
along with
far-reaching railways. Chennai has

developed as the largest commercial and industrial center in South India, with an
extensive network of transportation facilities including the largest seaport in South India,
an international airport (soon to have South Asia’s largest), some well-laid roads and rail
facilities.
Let us first discuss The Commercial Office Market in Chennai

According to experts, Chennai is expected to witness a supply of approximately 12
million sq.ft in 2007 - subject to scheduled completion of projects under construction. Of
this, nearly 10 million sq.ft. is expected to enter the market in the Chennai suburban and
Chennai peripheral locations. 9 million sq ft is expected to be taken up by IT or IT related
companies, while the rest is spread amongst the various Chennai industries.

Of the 12 million in supply, the India Street expects 80% of that supply will be claimed
before the projects are complete. The remainder will be leased within 6 months of the
structures being complete. The India Street sees no let up in Multi National Corporation
demand for IT space especially along the OMR IT corridor.

So for our 12 Month Office Market Outlook
The India Street further predicts that all major office related real estate zones around
Chennai will increase in value between 5 and 10% but not at the 2006 levels witness last
year.
Now let’s turn to the Chennai Residential Market

Let me mention an article I have written on the subject located at our Indiastreet blog that discusses the India bubble hype. Please review that article so that I need not summarize it here.
Unlike some of the other major cities in India, Chennai’s residential market still has legs.
Home prices are still increasing in the CBD, while new projects on the OMR are selling out quickly. Moreover, a proposed new Floor Space Index (or FSI) along the OMR from
1.5 to 2.5 will allow even greater density which means more profit for developers.

In the high-end market, residential prices in Chennai are creating new benchmarks. The
prices of premium properties have increased over 200% in parts of central and south
Chennai during the past 15 - 18 months.

There is still a lot of nervousness for high end residential properties outside of Chennai
including the OMR due to a lack of temples, quality schools and transportation. The
India Street believes a purchase along the OMR is smart given that most of the foreign
corporations are located there and there is a strong need for quality housing in the area.
Moreover, once the new airport is built, TIS predicts the residential market appreciation
areas will shift out of the CBD to the OMR and new Airport regions.
Finally, let’s discuss the retail market in Chennai

Like everywhere in India, quality retail establishments are hard to find. Yes, there are
malls and yes there are singular cases of quality retail, but until the market is opened up
to multi-brand foreign retail establishments, retail in India is substandard and weak. Yes,
you’ll hear from pundits that the market for retail is strong, but only because the only
suppliers are Indian. Given a choice, Indians will opt for foreign retail brands because
they are better (due to being in a competitive landscape) and we know that Non-Resident
Indians prefer them over similar India brands. Please understand we are generalizing
here, but we know from experience that this is true.

Due to the lack of mall space in Chennai, malls under construction are witnessing high
pre-leasing activity. It’s likely to be a landlord market through 2008. The High Streets
of Chennai continue to be the choice for organized retail as there are only 3 malls
operating in the City.

TIS predicts a 10-15% increase in retail lease value growth during the next 12 months.
The new malls are expected to witness high absorption and low vacancy levels through
2008. Currently demand is driven by local retail establishments like the Future Group
and Reliance. However, if multi-brand foreign retail is allowed, TIS predicts the rental
values will increase by 50% instead of the still robust 10-15% without multi-brand
foreign retail.

In summary Chennai is a better place to invest today than most of the other top cities in
India. That may change in the future, but investing in Chennai is currently a good bet.
Remember however, the Indian real estate market is not a mature market. It is still in a
fledgling stage, in terms of regulations. The markets abroad are much more developed
and structured due to their stringent real estate laws. In places like the US and Europe, no
agent can deal in property unless or until he or she has a real estate licence. The Indian
market is totally unstructured in that sense. Anybody can deal in property, there is no
licencing system so beware of those you partner or work with. Research them thoroughly
and ask the tough questions. India is not transparent, and therefore due diligence is a
must.

Good Investment Purpose Land for sale in Chennai to Panayur

Good Investment Purpose Land for sale in Chennai to Panayur

Dear Viewers,
We have sell the land in Chennai To Panayur

Exact Location:

10km from Periyar Bus Stand
2km from Velammal Medical College
Opposite A.R.K. Sourashtra Teacher Training College
Nearby K.L.N College
Nearby Chennai Institute of Technology
Nearby Sindamani and Silaiman Ring Road
Under Corporation Limit

Total Cents:
3 Cent

Cost Details:
1.20 Lakhs

For more details
Oruacre.com
9994262942
oruacre@gmail.com

Land for Sale in Chennai – Alagar Kovil Road, Chennai

Land for Sale in Chennai – Alagar Kovil Road, Chennai

Dear Viewers,
Good Investment Purpose Land for Sale in Chennai – Alagar Kovil Road, Chennai

Exact Location:
16km From Periyar to Kallandiri Road
10km from Mattuthavani to Kallandiri Road
4km from Anna University
Nearby MAVMM Polytechnic
Nearby Mahathma School
Nearby Latha Mathavan Polytechnic
Nearby SACS Engineering College
Nearby Cresant Engineering College
Nearby Meenakshi Mision Hospital

Total Cents:
3 ½ Cent

Cost Details:
Per/cent 1 Lakh

For more details
Oruacre.com
9994262942
oruacre@gmail.com

House for sale in Byepass(bypass road) road Chennai with low budget - Vishwa Builders OruAcre.com

House for sale in Bye-pass road, Chennai

Dear Viewers,

Do you want to buy your dream home in low budget ?

Here we are "Viswa Builders"

2 bed room,2 bath , Full Furnished ,Premium house for sale in chennai ByPass Road.

Location :

·

Duraisami nagar,Nechru, and Velmurugan nagar in ByPass Road,Chennai

· Proper Residential area within the corporation limit.

· 2kms from periyar bustand.

· 2kms from Chennai railway station.

· 2 kms from City Center.

· 12kms from Chennai Airport.

Structure : RCC frame structure with 9” brick external walls and 41/2” thick brick partition wall.

Plastering : Cement plastering in ceiling, inner and elevition with patty finsh& outer walls with neat finish.

Flooring : Vitrified tiles in all rooms/toilets. Grinet for living stairs.

DOORS

Main Door : Teak wood panelled door with melamine finish and safty gate. Other Doors : Seasoned country wood frame hardcore flush doors with enamel paint finish.

Window :Country wood with glazed shutters.

Wood Work: All cuboard and loft fully closed by enamel polished doors.doors.

Kitchen : moduler kitchen with grinet slap and stainless steel sink. chimney will be provided.

Toilet :White colored sanitary ware and IsI fittings, two light point and 15 amps power plug in one toilet.

Painting : Interior walls with quality paint and exterior walls painted with weather shield paint.

Electrical : concealed wiring of ISI standard modular switches.

elivetion:Front wall with grinet finsh.

Budget : 37 L

Please contact us for more details.

Regards,

9840405072

kv.kvjayaraj.jr@gmail.com or OruAcre@gmail.com (9994262942)

Some of the Chennai Builders and Promoters

	Baba Nagar Tel.: 2568666, 98432-56866
	City Constructions 19/A-1, Gokhale Road, Chinna Chokkikulam, Chennai - 625 002. Tel.: 2537280, 98430-51995
	Jemi Housing A3/1, 80 Feet Road, K.K.Nagar, MADURAI - 625020 Cell: 9942979163
	KASS Valar Nagar Tel.: 98421-77177/77732
	Kalaivaani Nagar Tel.: 3105258, 98430-65600
	N.M.S.Nagar Tel.: 2569397, 98430-68790
	New Kurinji Housing #16, Corporation Complex, Panagal Road, Chennai - 625 020. Tel.: 2526231, 2536313, 98430-99409, 98431-02684
	R.V.Real Estate Agency 218-A, South Veli Street, Chennai - 625 001. Tel.: 5377259, 98421-20259, 94430-15767.
	Sashwath constructions (p) Ltd. Shanthi Sadhan, Melakkal Main Road, Kochadai, Chennai - 625 016. Tel.: 2381655, 2382519, 2532586, 2566975
	Sri Karthikeya Real Estate K.Pudur, Chennai. Cell: 9843055116, 9962175762
	Sri Rajamani Real Estate Agency 250-A, Balaji Complex, Villapuram, Chennai-625 012.
	Vaibhog Home p. Ltd. Kings Court, #20, Rajaji Street, Gandhi Nagar, Chennai - 625 020. Tel.: 2537527, 2537627, 98421-44844/84444
	Visvas Promoters (p) Ltd. #78, TPK Road, Sri Meenakshi Mill Bungalow Campus, Andalpuram, Chennai. Tel.: 2605211, 2605212, 98421-57721/22044

Some of the Chennai Builders and Promoters

	Baba Nagar Tel.: 2568666, 98432-56866
	City Constructions 19/A-1, Gokhale Road, Chinna Chokkikulam, Chennai - 625 002. Tel.: 2537280, 98430-51995
	Jemi Housing A3/1, 80 Feet Road, K.K.Nagar, MADURAI - 625020 Cell: 9942979163
	KASS Valar Nagar Tel.: 98421-77177/77732
	Kalaivaani Nagar Tel.: 3105258, 98430-65600
	N.M.S.Nagar Tel.: 2569397, 98430-68790
	New Kurinji Housing #16, Corporation Complex, Panagal Road, Chennai - 625 020. Tel.: 2526231, 2536313, 98430-99409, 98431-02684
	R.V.Real Estate Agency 218-A, South Veli Street, Chennai - 625 001. Tel.: 5377259, 98421-20259, 94430-15767.
	Sashwath constructions (p) Ltd. Shanthi Sadhan, Melakkal Main Road, Kochadai, Chennai - 625 016. Tel.: 2381655, 2382519, 2532586, 2566975
	Sri Karthikeya Real Estate K.Pudur, Chennai. Cell: 9843055116, 9962175762
	Sri Rajamani Real Estate Agency 250-A, Balaji Complex, Villapuram, Chennai-625 012.
	Vaibhog Home p. Ltd. Kings Court, #20, Rajaji Street, Gandhi Nagar, Chennai - 625 020. Tel.: 2537527, 2537627, 98421-44844/84444
	Visvas Promoters (p) Ltd. #78, TPK Road, Sri Meenakshi Mill Bungalow Campus, Andalpuram, Chennai. Tel.: 2605211, 2605212, 98421-57721/22044

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Advertisement from OruAcre.com

Primary Services of OruAcre.com -

1) Post and promote real estate properties in (Internet) OruAcre.com on a very minimal rental basis per 1 month or 3 months or 6 months.

Rs.999 per one month OR
Rs.2400 per 3 months OR
Rs.5400 per 6 months.

For example - for your property of worth Rs.10 Lakhs, we believe the above fees is very minimal for our operations.

Following will be FREE after the above.

2) Post FREE and promote Builders/Agents/Promoters/Constructions in (Internet) OruAcre.com under Featured Agents
3) Post FREE Property Listings in OruAcre.com under Featured Agents section.
4) Promote FREE your properties in the Internet, even if you don't have any knowledge on Internet!

Other Miscellaneous Services of OruAcre.com -

1) Website design and development Only for Real Estate Providers.
2) Search Engine Optimization for Real Estate Providers.
3) Blogging Services for Real Estate Providers
4) Data Entry Services for Real Estate Providers
5) Micro sites for Real Estate Providers in OruAcre.com
6) Exclusive Internet Marketing for Real Estate Providers.
7) Social Media Marketing of Real Estate Providers via Facebook, Orkut, Blogs and Forums.

OruAcre.com - Land/plot/House for sale in Chennai, Coimbatore, Chennai, Tirunelveli, Dindigul, Theni and Tamil Nadu

Dear Sir/Madam,

We promote your property ONLINE to NRIs and remote internet users - Land, Apartments or House in Tamil Nadu.

OruAcre.com is a portal for helping Real estate builders, promoters, constructions and agents/brokers to post their property listings in OruAcre.com and individuals can reach out to the providers/agents to see the property and start the transaction.

There are millions of people from Tamil Nadu away from their home abroad or other cities like Bangalore or Hyderabad or NRIs living in Singapore, Malaysia, America, UK, Australia, Europe etc., Or busy working in the same locality that they could not search for a property very easily. OruAcre.com helps them find property very easily.

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OruAcre.com website is absolutely absolutely FREE for basic usage and we will do the Internet Marketing for your properties and your contact details.

Contact oruacre@gmail.com OR 9629557866 for more details.

Thank you
tamilselvan.
http://www.OruAcre.com

About Us || How to use OruAcre.com
Your Online Real Estate Helper

OruAcre.com - Land/plot/House for sale in Chennai, Coimbatore, Chennai, Tirunelveli, Dindigul, Theni and Tamil Nadu

Dear Sir/Madam,

We promote your property ONLINE to NRIs and remote internet users - Land, Apartments or House in Tamil Nadu.

OruAcre.com is a portal for helping Real estate builders, promoters, constructions and agents/brokers to post their property listings in OruAcre.com and individuals can reach out to the providers/agents to see the property and start the transaction.

There are millions of people from Tamil Nadu away from their home abroad or other cities like Bangalore or Hyderabad or NRIs living in Singapore, Malaysia, America, UK, Australia, Europe etc., Or busy working in the same locality that they could not search for a property very easily. OruAcre.com helps them find property very easily.

Currently we are concentrating only in Tamil Nadu (each and every city and locality in tamil nadu) and that helps us focus lot better.

OruAcre.com website is absolutely absolutely FREE for basic usage and we will do the Internet Marketing for your properties and your contact details.

Contact oruacre@gmail.com OR 9629557866 for more details.

Thank you
tamilselvan.
http://www.OruAcre.com

About Us || How to use OruAcre.com
Your Online Real Estate Helper

Plot/Land for sale near Chennai Airport

Sun City Real Estate Agency has come up with another site, near Chennai Airport and in Tirumangalam Taluk. Please find the plot map of this new Sun City Plot in Vidathakulam (Vedathakulam Village) Tirumangalam Taluk, Chennai District.


Distance:

* Thirumangalam Bus Stand to Sun City Plot ~ approximately 4 Kms.
* Sun City Plot to Chennai Airport ~ 14 Kms.
* Thirumangalam Railway Station to Sun City Plot ~ 2.5 KM.


Contact Details:

If you have any questions or if you are interested -
email to chennaitimes@gmail.com

Or

via phone contact
Mr. Nallu Samy
Muthu complex,
Opt of kalivani Theatre,
Thirunagar,
Chennai-625006
- 98421 23237 or 94426 23237.
Please note: Refer "tamilselvan" code to Mr.NalluSamy when you talk to him.

For more such details - check out OruAcre.com

Plot/Land for sale near Chennai Airport

Sun City Real Estate Agency has come up with another site, near Chennai Airport and in Tirumangalam Taluk. Please find the plot map of this new Sun City Plot in Vidathakulam (Vedathakulam Village) Tirumangalam Taluk, Chennai District.


Distance:

* Thirumangalam Bus Stand to Sun City Plot ~ approximately 4 Kms.
* Sun City Plot to Chennai Airport ~ 14 Kms.
* Thirumangalam Railway Station to Sun City Plot ~ 2.5 KM.


Contact Details:

If you have any questions or if you are interested -
email to chennaitimes@gmail.com

Or

via phone contact
Mr. Nallu Samy
Muthu complex,
Opt of kalivani Theatre,
Thirunagar,
Chennai-625006
- 98421 23237 or 94426 23237.
Please note: Refer "tamilselvan" code to Mr.NalluSamy when you talk to him.

For more such details - check out OruAcre.com

Real Estate Boom to arise again in Chennai

We have detailed before about the return of investment for Real Estate investment in Chennai before.

After that, there has been delay in IT Park construction in Chennai and Real Estate has been dull in Chennai past this year and last year.

Now, there is a clear cut deadline set for IT parks in Chennai. This is little more than 2 acres of land overall in Chennai for IT parks. Here is the latest news and update on that IT park.

Given this situation, there is an expected significant improvement in Chennai on Real Estate. Also, at another angle - overall the global recession has also come to an end, this would really drive a real estate boom in Chennai pretty soon.

NRIs, folks living in Bengaluru, Hyderabad, Chennai and internet users will be very much interested to invest in their home town and this is the right time for investment in tier-ii cities. Invest in Chennai!!!

Real Estate Boom to arise again in Chennai

We have detailed before about the return of investment for Real Estate investment in Chennai before.

After that, there has been delay in IT Park construction in Chennai and Real Estate has been dull in Chennai past this year and last year.

Now, there is a clear cut deadline set for IT parks in Chennai. This is little more than 2 acres of land overall in Chennai for IT parks. Here is the latest news and update on that IT park.

Given this situation, there is an expected significant improvement in Chennai on Real Estate. Also, at another angle - overall the global recession has also come to an end, this would really drive a real estate boom in Chennai pretty soon.

NRIs, folks living in Bengaluru, Hyderabad, Chennai and internet users will be very much interested to invest in their home town and this is the right time for investment in tier-ii cities. Invest in Chennai!!!

Chennai Impression has to change for good gradually

Given the situation that IT parks to be ready by September and by the year end companies who would be interested would take over their offices in the IT park - I am guessing impression of Chennai would change gradually.

Though it is just 114 cents (just more than one acre land in each location - Vadapalanji and Ilandaikulam), it is a great step from the government for the development.

As we have seen growth of Chennai IT highways and Coimbatore's significant growth - it is expected that Chennai would change its impression for fellow Indians.

Given the road infrastructure these days as bypass, Chennai is set grow to heights!

Invest in Chennai!!!

Chennai Impression has to change for good gradually

Given the situation that IT parks to be ready by September and by the year end companies who would be interested would take over their offices in the IT park - I am guessing impression of Chennai would change gradually.

Though it is just 114 cents (just more than one acre land in each location - Vadapalanji and Ilandaikulam), it is a great step from the government for the development.

As we have seen growth of Chennai IT highways and Coimbatore's significant growth - it is expected that Chennai would change its impression for fellow Indians.

Given the road infrastructure these days as bypass, Chennai is set grow to heights!

Invest in Chennai!!!

Chennai Real Estate Agents Dealers Property Providers

This article is sponsored by OruAcre.com - Your Online Real Estate Helper

Property dealers in Chennai help you in buy, sell or rent of any kind of residential or commercial property in the city. The property transaction that can be a very time and energy (both mental and physical) consuming affair can be simplified with the help of an established Chennai property dealer. This beautiful city offers high property values promising good returns if someone is looking for an investment property.

The real estate agents in Chennai help you find a property that suits your requirements as well as budget and then proceed with the legal formalities you need to fulfill. These include registration of the property, abiding of all land laws , filing up of the property taxes and many more. Trust the property dealers in Chennai to get your work done within no time.

Chennai has seen a rising trend in building constructions in the recent past. This has created a steep price rise in the real estate market. As a result, it is becoming increasingly expensive to buy a residential or commercial property anywhere in the city. Besides, for some people, owning a property in the city is not a feasible option. This is because of their least intention to stay in the city for a longer duration. Students, professionals and businessmen of all sorts fall in this category who has a purpose to stay in the city.

Thus, the rental property in both residential and commercial property segments are gaining popularity. We can see a completely separate segment of rental property evolving in these days, which include affordable as well luxurious flats and apartments, villas, duplexes and bungalows. Property dealers in Chennai have attained the central position in most of the transactions involving house rentals. Besides helping you locate a house on rent in Chennai, real estate agents negotiate for favorable house rent and prepare rent agreement for you.

Sponsored by OruAcre.com

Chennai Real Estate Agents Dealers Property Providers

This article is sponsored by OruAcre.com - Your Online Real Estate Helper

Property dealers in Chennai help you in buy, sell or rent of any kind of residential or commercial property in the city. The property transaction that can be a very time and energy (both mental and physical) consuming affair can be simplified with the help of an established Chennai property dealer. This beautiful city offers high property values promising good returns if someone is looking for an investment property.

The real estate agents in Chennai help you find a property that suits your requirements as well as budget and then proceed with the legal formalities you need to fulfill. These include registration of the property, abiding of all land laws , filing up of the property taxes and many more. Trust the property dealers in Chennai to get your work done within no time.

Chennai has seen a rising trend in building constructions in the recent past. This has created a steep price rise in the real estate market. As a result, it is becoming increasingly expensive to buy a residential or commercial property anywhere in the city. Besides, for some people, owning a property in the city is not a feasible option. This is because of their least intention to stay in the city for a longer duration. Students, professionals and businessmen of all sorts fall in this category who has a purpose to stay in the city.

Thus, the rental property in both residential and commercial property segments are gaining popularity. We can see a completely separate segment of rental property evolving in these days, which include affordable as well luxurious flats and apartments, villas, duplexes and bungalows. Property dealers in Chennai have attained the central position in most of the transactions involving house rentals. Besides helping you locate a house on rent in Chennai, real estate agents negotiate for favorable house rent and prepare rent agreement for you.

Sponsored by OruAcre.com

OruAcre.com - Tamil Nadu's Online Real Estate Helper

There is a new website called OruAcre.com from Customer Satisfied Technologies.

OruAcre.com is a portal for helping real estate agents and property buyers to connect and do transactions. Real estate agents, builders, promoters to post their property listings in OruAcre.com and individuals can reach out to the agents to see the property, its details and start the transaction.

There are millions of people from Tamil Nadu away from their home abroad or other cities like Bangalore or Hyderabad etc., Or busy working in the same locality that they could not search for a property very easily. OruAcre.com helps them find property very easily.

Currently we are concentrating only in Tamil Nadu (each and every city and locality in tamil nadu) and that helps us focus lot better.

The site is absolutely FREE for consumers/property buyers. We only charge a membership fees for the agents (property listing providers) and if needed featured listing (advertisement) fees, and if used.

OruAcre.com is FREE for property buyers and individuals.

OruAcre.com - Tamil Nadu's Online Real Estate Helper

There is a new website called OruAcre.com from Customer Satisfied Technologies.

OruAcre.com is a portal for helping real estate agents and property buyers to connect and do transactions. Real estate agents, builders, promoters to post their property listings in OruAcre.com and individuals can reach out to the agents to see the property, its details and start the transaction.

There are millions of people from Tamil Nadu away from their home abroad or other cities like Bangalore or Hyderabad etc., Or busy working in the same locality that they could not search for a property very easily. OruAcre.com helps them find property very easily.

Currently we are concentrating only in Tamil Nadu (each and every city and locality in tamil nadu) and that helps us focus lot better.

The site is absolutely FREE for consumers/property buyers. We only charge a membership fees for the agents (property listing providers) and if needed featured listing (advertisement) fees, and if used.

OruAcre.com is FREE for property buyers and individuals.