R J Puram, Chennai

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News

Chennai Luxury Property Demand Grows Across Elite Neighbourhoods

Indiatimes · · Residential

Chennai’s luxury property market is gaining momentum, with eight elite residential neighbourhoods highlighted for premium lifestyles, infrastructure and investment potential.

Key facts

Chennai’s luxury property market is gaining momentum, driven by demand in eight elite residential neighbourhoods, according to Magicbricks. The article names Adyar, Anna Nagar, Besant Nagar, Kotturpuram, Mylapore, Nungambakkam and R.A. Puram. It describes Adyar’s beach, schools and hospitals; Anna Nagar’s planned layout, broad roads, homes and commercial spaces; Besant Nagar’s beachside location; Kotturpuram’s Adyar River setting and educational institutions; Mylapore’s cultural attractions and central location; Nungambakkam’s retail, hotels and proximity to business districts; and R.A. Puram’s proximity to the Adyar River, Bay of Bengal, business, educational and cultural centres. The article also describes an unnamed area as a growing luxury destination near the sea and information technology corridors, with rapid development.

Tamil Nadu Tier-2 Cities Emerge as Real Estate Hotspots Beyond Chennai

Trade Brains · · Infrastructure

Airport expansion and infrastructure investments in Coimbatore, Madurai, Salem, Thoothukudi, and Trichy are driving property demand and prices across Tamil Nadu's Tier-2 cities.

Key facts

Tamil Nadu's real estate growth is shifting beyond Chennai to Tier-2 cities fueled by airport connectivity and infrastructure spending.

Coimbatore: IT, electronics, and aerospace hub with Wipro, Cognizant, Infosys present. Saravanampatti and Peelamedu are IT hotspots; Kalapatti booming near airport. Prices ₹7,600/sq ft in Kalapatti, ₹8,895/sq ft in RS Puram. 2BHK rent ₹10,000–₹25,000/month.

Madurai: Expanding with IT parks, road upgrades, airport expansion. Madurai International Airport and four-lane highways connect to Chennai, Coimbatore, Trichy. Samayanallur and Perungudi emerging. Prices ₹6,501/sq ft. 2BHK rent ₹7,500–₹15,000/month.

Salem: Industrial hub with SAIL's Salem Steel Plant, JSW Steel, textile mills. Chennai-Salem, Chennai-Coimbatore, Bangalore-Chennai expressways boost logistics. Prices ₹6,270/sq ft. 2BHK rent ₹9,000–₹25,000/month.

Thoothukudi: Port city attracting investments from Cochin Shipyard Ltd, Indian Oil Corporation in EV manufacturing, green hydrogen, space-sector. Airport, sea-port, improving connectivity. Prices ₹4,807/sq ft. 2BHK rent ₹8,000–₹20,000/month.

Trichy: Fourth-largest city with BHEL, Ordnance Factory. Srirangam and Karumandapam seeing residential activity. Prices ₹5,756/sq ft. 2BHK rent ₹8,000–₹20,000/month.

Tamil Nadu acquired land worth ₹2,938 crore for ongoing airport projects at Chennai, Coimbatore, Madurai, Tiruchirappalli, Thoothukudi, with ₹350 crore for Salem's airport. Better air connectivity attracts businesses, tourists, investment, boosting housing and commercial demand near airports.

News items from other publishers are their reports, condensed; follow the link for the full report. PropertyWala.com is not their source.

Price Trends

Locality ID
A111251731