What affects your realty investment in Chennai
Dec 27, 2013
Source : The Times of India


CHENNAI: Various macro and micro factors impact real estate investment in a city. Here the author talks about factors that impact property investment in Chennai. However, before that let us understand what these macro and micro factors are

A pro-active civic body and a pragmatic and practical state government can stimulate real estate investment in and around a city and spurt demand naturally and in an organized manner. This largely forms the macro factors that impact real investment in a city.

In addition, the satisfaction index of the people living in a particular city with regard to the quality of life style and services offered in the locality will also benchmark the macro outlook on that city.

Some facilities may not be available uniformly across the city and hence on a micro level demand on such regions fall, compared to other parts of the same city where the satisfactory index scores would be higher. The study of individual micro markets within a city needs an exhaustive mapping of individual zones and an analytical survey and study of the reasons for their growth during the previous years.

Investing in Chennai

If we take Chennai as a test case, the outlook of Chennai real estate market with respect to the macro factors is good. It has a long history of over 350 years. From the start the city was conceived and developed by the British. It has been seeing steady growth in terms of quality of infrastructure and is one among the four major cities of India. It is the gateway to South India with a very rich heritage and cultural background. The city has a major port, an international airport, excellent rail and road network that connects very well within the city and across all corners of India. It is one of the best educational centres in India, both at the school and university levels.

It has several hospitals and health care facilities of global standards. It has a rich tourism and IT industry and is also one of the top automobile manufacturing centres in Asia. It is the headquarters of the South Indian cinema. On a macro level Chennai thus, has become a very hot and vibrant real estate destination of India. We may have to wait and see how it scores over other peers such as Bangalore and Hyderabad.

On a micro level, within the city, costs and demand wise, there are lots of differences from one area to another. South Chennai continues to hold its forte over the northern side as it has infrastructure bottle necks. But whatever may be the case today, it may not hold good in the future. As said earlier, a very pro-active municipal corporation and a pragmatic government can make the market more buoyant and vibrant and stimulate it in different corners within the same city.

Latest Realty News

‘Make planning more independent’
Dec 23, 2013
CHENNAI: Architect and urban planner Pushpa Arabindoo has an inter-disciplinary approach to urban spaces. Her empirical research involves ethnographic investigation of urban transformations in Chennai.
IndiaProperty gets $12-m funding
Dec 20, 2013
CHENNAI: Real estate advisory portal indiaproperty.com, held by India Property Online Pvt Ltd, has received its second round of funding of $12 million (around Rs 75 crore) from Bertelsmann, with participation from existing investors Canaan Partners and Mayfield Fund, who got on board India Property in April 2012.
Metro construction damages 212 buildings
Dec 16, 2013
CHENNAI: Metro rail tunneling caused cracks in 212 buildings in the city, reveals an RTI application filed by TOI. The RTI also shows that the damages are not limited to old buildings in north Chennai.
PE investments give cash-hit realty sector a new lease of life
Dec 16, 2013
MUMBAI: Home-grown private equity funds seem to have opened their purse strings again for the realty sector, which is facing a cash crunch.
Aldea builds on tropical garden theme
Dec 14, 2013
CHENNAI: Casa Grande Pvt Ltd has launched a tropical garden themed residential project at Thoraipakkam, a suburb to the south of Chennai.
KGS hits new ground with Chennai Open partnership
Dec 14, 2013
CHENNAI: Aircel Chennai Open has announced that KGS Group will be the Official Real Estate Partner of the $4,50,000 tournament.
All decked up for Christmas
Dec 14, 2013
CHENNAI: Columns and stairways are decked up in bling and serial lights were wrapped around columns and stairways; colourful balloons are hung high; the atrium of Express Avenue, one of the busiest shopping malls in Chennai, has morphed itself into a mini ‘jingle’ forest with Christmas trees, mountains and brooks. A toy train is chugging around the forest.
Fewer homes crop up this year
Dec 14, 2013
CHENNAI: There has been a drop of 12 per cent in new residential project launches in 2013 as compared to the last year, according to a report by international property consultants Cushman & Wakefield.
Chennai retail rentals flat in Q3
Dec 14, 2013
CHENNAI: Rental costs for retail spaces in shopping centres in Chennai have remained flat over the past year, averaging Rs 43,808 ($717) per square metre per annum in the third quarter of 2013. In contrast, property prices in nearby Bangalore appreciated 0.1 per cent year-on-year to Rs 57,800 ($946) per square metre per annum in the July-September period of the calendar year, according to real estate consultancy firm Jones Lang LaSalle’s latest ‘The Retail Index’ report.
Small projects in Chennai see faster turnover
Dec 14, 2013
CHENNAI: Large residential projects may grab a lot of attention. Sales here may indicate market trends but developments offering a handful of apartments in a plot of a couple of grounds, a characteristic of Chennai, continues to attract buyers in prime locations. Developers focussing on this segment have set their eyes on faster turnaround.

Latest Realty News Of State

Realty Talk's