Chennai's real estate market is booming, and 2025 is shaping up to be a fantastic year for investors. The city is experiencing rapid growth and development, making it a prime location for those looking to invest in property.
ChennaiReal EstateInvestmentIt CorridorOmrReal Estate NewsFeb 20, 2025
The growth of the real estate market in Chennai is driven by several factors, including rapid urbanization, industrial development, and the presence of major IT companies. The city's strong focus on infrastructure and connectivity has also played a significant role in boosting the real estate market.
Areas like Sholinganallur, Velachery, Perungudi, Poonamallee, and Thiruvanmiyur are excellent for residential real estate investment. These areas offer a mix of new residential projects, good connectivity, and a range of amenities.
The Chennai IT Corridor, stretching from Taramani to Siruseri, is a hub of high-tech industries and startups. The area has a high demand for commercial properties, including office spaces and co-working spaces, making it a top investment spot.
When investing in real estate in Chennai, consider factors such as location, connectivity, amenities, and future development plans. It's also important to understand the local property market and consult with real estate professionals.
OMR has emerged as a real estate hotbed due to its significant development in recent years. The area has a proliferation of residential and commercial projects, and the presence of major IT companies has further boosted the real estate market.
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Delhi-NCR's luxury housing market witnesses significant growth, driven by affluent buyers' preference for enhanced amenities and NRIs' investments.
The Phoenix Mills Ltd, a prominent player in the real estate sector, has announced a 1:1 bonus share issue and a dividend of Rs 5 per share, benefiting its investors.
Mumbai redevelopment news: Kalpataru Limited has inked agreements to redevelop two housing societies located in Chembur and Goregaon, spanning an area of 1.5 million square feet.
The state of Maharashtra has announced a 4.39% increase in Ready Reckoner (RR) rates, with Mumbai seeing a 3.39% hike. The areas under municipal corporations will experience an average increase of 5.95%. These rates are crucial as they determine the base price for the property market.
Sridhar Vembu, the founder and CEO of Zoho Corporation, has raised serious concerns over Nandan Nilekani's proposal for land tokenisation. Vembu warns that the initiative could lead to significant financial and social issues.