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Realty Market on high in Chennai

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High-Ceilinged rates of land in Chennai had forced the land developers to survey the locality outskirts for the new business forecasts. As reported by the sources to the www.propertykhazana.com the demand for housing units was rising up and as per to the land surveys Chennai wanted at least 50,000 new residence by 2010. In such burly demand for dwellings there was a rigid rivalry in the market which had encouraged major rate and rent hikes. Non residential activity was also at the top with the demand for commercial and retail lands considering approval. A Sq.ft of space in the city’s expensive Pose Garden Flat costs Rs. 14,500. A crowd of international companies had stretched their arms to Sriperumbudur which is placed on Chennai-Bangalore highway. And several other huge companies were proposing to set up their organization in the fast growing Chennai. The list comprises Rs. 220 Billion Alliance Group which was set to build up 300 Villa venture in West of Chennai and the flats was rated in between Rs. 6 Million to 50 Million.
Source further revealed at the www.propertykhazana.com that, Vishranthi Homes was the most expensive residences with a 4,200 Sq.ft houses pricing for more than Rs. 60 million. Realty in India was priced at $12 Billion and the yearly growth price was turned to be 30% and the Vijay Shanthi Group was offered by 15 Flats each pricing for about Rs. 40.25 Million. Similarly, the Fern which was next to Siruseri which was situated in South Chennai had developed 48 Villas on 7 acres of Property. Waiting in the step with the thriving Mall culture, Chennai had featured some of the top malls like shoppers stop, Spencer Plaza, Lifestyle, Westside, Landmark, Globus and so on. All these scheduled shopping malls were planned to make bigger in their horizons.
Source: NIMMA BENGALURU

Property Listings

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