NRIs are increasingly targeting properties along Chennai’s ECR, OMR, and Anna Nagar for their potential in rental income and capital appreciation, driven by infrastructure development and a thriving IT sector. These regions combine luxury, stability, and strategic value.
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.
CMDA approves converting vacant IT buildings in Chennai into shopping malls and office spaces, a move welcomed by developers.
The CMDA has authorized the conversion of industrial land in Guindy to residential use, potentially attracting developers amidst rising property prices.