Your next Residence in South Chennai

By: Anshuman Kukreti

The last 10 years have proved to be quite beneficial for the India real estate sector. With the development of 51 million residential units and 2,774 new cities, the real estate market is moving ahead with great momentum. The growth of this industry is substantiated by respective growth in sectors like IT, Manufacturing, Banking and Finance. Efficient infrastructure coupled with world class commercial projects by renowned builders have successfully driven growth and enticed plentiful global investors in the last one decade.

According to sources, the annual average housing completions is estimated at 11,507,476 during 2012 to 2025.

Since 2005, investments worth 10.5 billion USD have been made in the sector, which accounts for 5% of the total FDI inflow during this period.

However, major real estate growth has been witnessed in metropolitans like Delhi/NCR, Mumbai, Kolkata, Pune, Bangalore and last but not the least-Chennai.

Real Estate Growth in South Chennai

* The Old Mahabalipuram Road belt has seen some traction during the last twelve months, with plentiful launches along certain stretches of the 26-km road. However, the prices of property in this region varies according to the locality.

* The region of Kovalam, on East Coast Road, is witnessing the development of a super-luxury high-rise and villa project.

* Singperumal Koil is witnessing the development of numerous integrated townships. Moreover, the growth of affordable housing, plotted development and budget villa projects has also been witnessed in the region.

* The Grand Southern Trunk Road, with the presence of SEZs, integrated growth and impeccable connectivity to various parts of Chennai has evolved into a prime realty market, with the micromarkets closer to the region witnessing an inherent demand over the last 12 months.

* The integrated-township projects located in Semmanchery have also enticed a lot of buyers over the last few months. Prices are expected to undergo a marginal appreciation while the sales volume might witness moderation in the coming quarters.

* The stretch of Padur to Kelambakkam is dotted with projects in the price-band of ₹ 3,000 psf ₹ 4,000 psf.

Housing Projects in South Chennai

* Perfect Park by Perfect Builders: Perfect Park is an upcoming residential project by the renowned Perfect builders in Keelkattalai, South Chennai. The project offers 2 and 3 BHK apartments within a price range of ₹ 47.17 Lac to ₹ 94.65 Lac, with area per apartment varying between 760 to 1786 sq. ft.
All apartments are ready-to-move-in, with basic amenities like power backup, paved compound, intercom facility, round the clock water supply and ample open space.

* Navins Septem by Navin Housing: A residential project by the famous Navin Housing in Indira Nagar, South Chennai, offers you comfortable and luxurious 2 BHK apartments with area per apartment varying between 929 to 942 sq. ft.
An apartment in Navins Septem comes with all basic amenities like kids play area, video security, rain water harvesting , car parking space, power backup and round the clock security.

South Chennai is undergoing a rapid transformation and is on its way to become the leading real estate market in the country. One can easily find the right residential project to invest in this city. It all comes down to the quality of market research and the requirements a buyer has.

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Anshuman Kukreti is a professional writer and a keen follower of the Indian real estate market. He writes on various topics relating to real estate projects and here he describes south Chennai residential project like Navins Septem , Perfect Park etc. Reach him at [email protected]

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