Real estate in Chennai

The real estate scenario is looking quite upbeat. Real estate consultants are forecasting rising rates and home owners are definitely a pleased bunch.

The stratospheric rise in real estate prices over the last year may compare closely with the stock market indices which are at their all-time highs. The analogy seems perfect given the difficulty involved in picking out stocks that could still yield good returns at these rarefied levels.

Real estate consultants have apprehensions of an escalation of prices, but unlike stock market players they say there are still some multi-bagger locations that may yield bumper returns to investors.

Then, of course, there are the momentum plays whose value has appreciated a great deal in the last few years. Here are a few samples -- suburban Chennai, Mumbai, Bangalore, Pune, Gurgaon and Hyderabad.


We asked real estate consultants to choose five best options in real estate to put your money in and suggest the best investment options for the following budgets -- Rs 10 lakh, Rs 25 lakh and Rs 50 lakh. They have chosen Chennai as the Southern superstar

The various projects announced will make Chennai an attractive destination. The software boom and the arrival of expats have enhanced real estate prices in a major way. The government is promoting the area between Tidel Park and Kelambakkam as a software corridor and the area connecting Sriperumbudur and Singaperumal Kovil as the Industrial Corrdior

As a result, real estate prices have doubled in these areas. Prices are going up in South Chennai because that is the most preferred locality among expats. Most companies feel that Chennai offers excellent manpower, particularly in the software industry, which compares better than that in Hyderabad and Bangalore