Bengaluru's Brigade Group has secured a long-term lease for 9 acres in Perungudi on Old Mahabalipuram Road from YMCA. They plan to build 1.6 million sq ft, featuring a Grade-A office complex and a 200-key JW Marriott hotel, boosting their Chennai footprint.
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.
Ongoing infrastructure development and proximity to commercial hubs have transformed OMR and ECR into Chennai’s fastest-growing residential corridors, attracting demand for affordable luxury villas, plotted developments, and integrated townships while maintaining price stability and steady sales growth.