was successfully added to your cart.

South Chennai in a Tremendous Real Estate Growth Phase

By 30/11/2019Posts

In a recent report by the magazine Knight Frank, the real estate market is reported to have grown 3% every year since 2012.

In the latest report by Knight Frank Magazine, in the year 2018 alone, 2000 new housing projects were announced in Chennai. This is 20% higher than the 2017 year figures.

The TNCDR (Tamil Nadu Combined Development Regulation And Building) and Construction Rules 2018 have not been clarified yet.

After the state government has resolved various issues and released the TNCDR rules, additional construction plans are waiting to be released.

In 2018, most of the new construction plans are in South Chennai. Especially in the last 10 years, the regions of South Chennai have seen tremendous growth.

45% of the house construction plans announced in 2018 are priced at Rs. 45 lakhs. About 41% of middle-income group flats are priced at Rs. 40 lakh to Rs. 70 lakhs. 14% of construction is for deluxe apartments (cost over Rs. 70 lakh). The 4 regions of South Chennai are as follows.

Medavakkam

With the increasing value of the OMR (Old Mahabalipuram Road) area, buyers who prefer to make their residences near their offices choose Medakkam as the best option. Medavakkam is located on the Tambaram-Velachery main road. It also covers the junction road between the ECR (East Coast Road) and the Tambaram-Velachery Main Road.

Perumbakkam

The Perumbakkam region has also undergone tremendous change / growth over the last 4 years. Also, a large number of low-cost housing plans have been announced here. It is located in the middle of Sholinganallur, Semmancheri, Medavakkam, and Chittalapakkam. In the last 3 years, the price of Perumbakkam region has increased by 11%.

Vanagaram

Venangaram is located at the intersection between NH-2, NH-48, and Poonamallee High Road. As it is located 4 km away from the Coimbatore Metro Station, the area is experiencing rapid growth. Since it is near Anna Nagar, now most people prefer this place to Vangaram.

admin

About admin

Leave a Reply

 

This disclaimer (“Disclaimer”) will be applicable to the Website. By using or accessing the Website you agree with the Disclaimer without any qualification or limitation. Sankar Infra Projects (“The Company”) reserves the right to add, alter or delete material from the Website at any time and may, at any time, revise these Terms without notifying you. You are bound by any such amendments and the Company therefore advise that you periodically visit this page to review the current Terms.

No information given under this Website creates a warranty or expands the scope of any warranty that cannot be disclaimed under the applicable laws. Your use of the Website is solely at your own risk. This website is for guidance only. It does not constitute part of an offer or contract.

The particulars contained or the details mentioned in respect of the Projects / developments undertaken by the Company including depicting banners/posters of the Project/development. The contents are being modified in terms of the stipulations / recommendations under the Real Estate (Regulation and Development) Act 2016, and Rules made there under (“RERA”) and accordingly may not be fully in line thereof as of date. You are therefore, required to verify all the details, including area, amenities, services, terms of sales, payments and other relevant terms independently with the sales team/ company prior to concluding any decision for buying any unit(s) in any of our projects/developments. Till such time the details are fully updated, the said information will not be construed as an advertisement. To find out more about our projects / developments, please telephone our sales centers or visit our sales office and speak to our sales staff.

In no event will the Company, its management, its associate companies and /or its employees be liable for claim made by the users including seeking any cancellation for any of the inaccuracies in the information provided in this Website, though all efforts have to be made to ensure accuracy. The Company under no circumstances will be liable for any expense, loss or damage including, without limitation, indirect or consequential loss or damage, or any expense, loss or damage whatsoever arising from use, or loss of use, of data, arising out of or in connection with the use of this website.

This website is currently being updated. While enough care is taken by the Company to ensure that information in the website is up to date, accurate and correct, readers are requested to make their independent enquiry before relying upon the same. All content including brochures are purely for general informational purposes only. It is not meant to constitute an offer or solicitation. It is a Visual representation of the project shown on this site. No furniture or accessories shown in any of the visuals are provided with the unit. This website material does not constitute an offer and/or contract of any type between the Developer/Promoter/Owner and the recipient, all intending purchaser/s in any of the projects shall be governed by the terms and conditions envisaged under The Real Estate (Regulation And Development) Act 2016. Nothing on the website should be misconstrued as advertising, marketing, booking, selling or an offer for sale or invitation to purchase a unit in any project by the company/firm. The company/firm is not responsible for the consequences of any action taken by the viewer relying on such material/information on this website.

To find out more about projects/developments, please call +91 – 44 – 22330615 or visit our office during working hours and get in touch with authorized sales representatives of the Company.

})
Privacy Policy