News articles tagged Chennai

Chennai Metro Expansion Fuels Real Estate Growth

The Chennai Metro's expansion boosts property values in accessible areas, driving demand for residential and commercial spaces while fostering sustainable urban development.

Chennai's Suburban Growth: Significant Price Appreciation

Suburban areas of Chennai have seen remarkable price growth, driven by improved connectivity and demand for larger homes, outpacing central areas.

CREDAI Predicts 25% Surge in Chennai Apartment Sales for 2025

Chennai’s real estate market poised for 25% growth in 2025, driven by CREDAI’s predictions, strong demand in South Chennai suburbs like Medavakkam, Tambaram, Velachery, and Porur, and improved infrastructure.

Indian REITs are expanding rapidly as office demand surges

India's office sector is on the rise, with REITs significantly expanding portfolios and demand projected to exceed 70 million square feet by 2024.

Report: Over 3 crore jobs were created in India’s real estate sector in the last ten years

Indian real estate employment has risen from 4 crore in 2013 to 7.1 crore, driven by housing sector growth and government policies like RERA, GST, and PMAY.

The top six cities in India saw a 20% increase in housing sales in Q1 2024

Indian real estate began 2024 strongly, with residential property demand rising despite price increases. Top cities saw increased housing sales, indicating market resilience.

Among real estate companies that donated more than Rs 1000 crore through electoral bonds, DLF and Chennai Green Woods Private Ltd. were at the top

The recent release of electoral bond data by the Election Commission reveals substantial political contributions from various real estate companies, led by DLF and Chennai Green Woods.

In just five days, Casagrand Suncity smashes real estate records in Chennai by selling over 900 units

Casagrand Suncity, Chennai, sold over 900 units in 5 days. The 40-acre township, endorsed by Silambarasan, features Roman architecture, 130+ amenities and opulent apartments.

The real estate fund of Motilal Oswal contributes. First close of Rs 1,250 crore.

Motilal Oswal Alternates announces the first close of its sixth real estate fund, IREF VI, targeting investments in mid-income/affordable residential projects across India’s top 8 cities.

India’s fast-moving luxury real estate market: Why

The demand for luxury real estate continues to rise, with buyers showing an insatiable appetite for lavish homes. A recent Anarock study indicates a significant increase in luxury property sales across metropolitan areas.

In 2024, find out more about the Vande Bharat Express

The central government's Vande Bharat Express initiative continues to expand with the inauguration of nine new train services on September 20, 2023, increasing the total operational trains to 34. These semi-high-speed trains aim to enhance connectivity and convenience for travelers across the country.

India’s Top 8 Housing Markets See 22% Increase in Sales and Bumper Growth: Report.

India's top residential markets saw 22% sales growth and 17% new supply increase in Q3 2023, driven by positive sentiment, pent-up demand, and steady interest rates.

Chennai’s Oragadam district is home to the newly designed Godrej Sunrise Estate.

Godrej Sunrise Estate, Godrej Properties’ first planned development in Chennai, offers residential plots ranging from 600 to 2400 sq ft, surrounded by greenery near Oragadam.

Why Is Chennai's Tallest Building So Popular?

Chennai's SPR Highliving District, home to the city's tallest building, offers luxury living, extensive amenities, and a commitment to modern urban infrastructure.

Lake View County Apartments for Rent

Lakeview County apartments offer a refreshing alternative to metro living, boasting serene environments, lower property taxes, and potential for passive income through rentals.

Developers collecting money without agreement is violation- TNRERA

Tamil Nadu Real Estate Regulatory Authority (TNRERA) ruled that developers collecting payments without a contract violates the TNRERA Act.

No compensation if agreement doesn't provide for it: TNRERA

TNRERA Denies Compensation for Delayed Delivery and Lack of Car Parking

Ascendas India Trust to acquire Industrial Project in Chennai

Ascendas Property Fund Trustee signs a forward purchase agreement with Casa Grande Group to acquire an industrial plant in Mahindra World City, Chennai.

RLDA Invits Bids for Residential Tower in Chennai's Wall Tax road

The Indian Railway plans a significant investment in Chennai's real estate with a new residential tower and commercial complex on Wall Tax Road.

Bangalore is costliest Indian city to live in.

Bangalore surpasses Mumbai as India's most expensive city, according to RBI's CPI. High living costs attributed to the IT industry and inflated prices of essential goods.

Ban on registering the Unapproved plots in Tamil Nadu

The Madras High Court has reinstated the ban on registration of unapproved plots in Tamil Nadu and seeks details on applications violating the 2016 ban order. A special sitting is planned to address the issue.

Via NCD Indiabulls Real Estate raises Rs 25 crore

Indiabulls Real Estate has secured ₹25 crore through the issuance of Non-Convertible Debentures (NCDs). The company plans to develop 11 projects spanning 30.51 million sq ft.

‘The Avenue’ project by Emmar MGF has received completion certificate

Emaar MGF's 'The Avenue' residential project in Chennai receives completion certificate for 7 of the 232 units. This 14-acre project includes a clubhouse and amenities.

Sales of Residential Property in top 8 eight cities lifts

Residential real estate markets in top eight Indian cities show improved sales and decreased unsold inventory, except for NCR which still struggles with a high volume of unsold units.

Prestige Group has won FIABCI award

India’s second-largest reputed developers, Prestige Group, have won the FIABCI World Prix d’Excellence award, showcasing their leadership in the real estate market.