| Chennai's real estate market is
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| | Corridor.
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| witnessing unprecedented property rates.
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| | Property developers such Bangalore-based
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| Despite this, the property market is
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| | Prestige and Nitesh Estates too have
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| still abuzz with activity. Domestic as
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| | shown their interest in the city. They
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| well as the foreign investors are still
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| | have lined up a series of new residential
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| keen on buying property in Chennai.
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| | and commercial projects in different
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| Chennai's real estate is largely driven
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| | localities of Chennai. Prestige
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| by commercial development, especially on
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| | Developers plans to set up a value mall
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| the IT corridor. The entry of new IT/ITES
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| | in the city at an investment of Rs 300
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| companies in the city has given impetus
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| | crore. Ozone Developers, a
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| to the city's property profile. These
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| | Bangalore-based property builder, have
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| units look for quality commercial spaces
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| | acquired 42 acres at Koyambedu for a 5.5
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| in the vacant plots/space in the city.
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| | million sq ft development.
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| Professionals occupied in the IT,
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| | IVR Prime Urban Developers are planning
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| automobile, electronics and manufacturing
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| | to build a business park, resort, deluxe
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| sector are driving the residential
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| | hotel, hospital, college, housing complex
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| property of the city. Hence, the
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| | and a golf course near Sriperumbudur in
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| commercial sector is indirectly boosting
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| | Chennai with the total investment of Rs
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| the residential demand in Chennai.
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| | 2,000 crore.
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| Additionally, some significant
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| | These developments are adding glitter to
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| developments in the real estate segment
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| | the city's profile. Hence, top MNCs,
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| have impacted the property demand in the
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| | manufacturing companies, corporate houses
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| region. IT services major Computer
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| | are considering to open retail or
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| Sciences Corporation (CSC) plans to
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| | commercial outlet in Chennai. This is yet
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| develop its fourth centre in Chennai.
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| | another factor that contributes towards a
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| Tata Consultancy services (TCS) is to set
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| | high real estate values in Chennai.
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| up their campus on 80 acres of land at
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| | For more details on Chennai Real Estate,
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| Siruseri Industrial Park on Chennai's IT
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| | log on to magicbricks.
|
