Jul 27, 2011

Chennai Residential Market



Chennai Residential Market sub-divided into 3 categories-
  1. Luxury
  2. Premium
  3. Budget

Chennai Residential Market buyers are categorized as-
  1. First Time Buyers
  2. Second Home Investors

Major growth happening in 4 corridors:
  1. NH4
  2. OMR
  3. GST Road
  4. ORR-Outer Ring Road

Chennai Residential Market segmented into 6 micro markets based on Capital Values:
  1. Premium-Boat Club,Poes Garden, Harrington Road, Nungambakkam@16,000/Sqft
  2. Central-Adyar, Alwarpet, Anna Nagar, Besant Nagar, Egmore, Kilpauk, Kotturpuram, Mandaveli, MRC Nagar, Mylapore, R.A. Puram, Santhome and T. Nagar@10,000/Sqft
  3. Off-Central-Kodambakkam, Thiruvanmiyur, Ashok Nagar, Koyambedu and Velachery@7,000/Sqft.
  4. Southern suburbs-OMR, East Coast Road, GST Road, Pallikaranai and Medavakkam@3,500/Sqft
  5. Western suburbs-Ambattur, Avadi and Mogappair@4000/Sqft
  6. Northern suburbs-Perambur,Kolathur,Madavaram@3500/Sqft
Source:http://www.frontline.in/stories/20110812281611200.htm
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