Sunday 11 September 2011

Chennai Seeing lots of Development on the OMR , Mogappair and Velachery.

Today Chennai Seeing a lot of Development on the OMR , Mogappair and Velachery.
Development of New MNC's
             The Madhya Kailash - Thiruporur stretch is seeing a supply - demand mismatch , with demand exceeding supply.  This area and its peripheries are high growth regions because of the IT corridor. Velachery
is also developing fast. In fact areas nearby Velachery, such as Medavakkam, Pallikaranai, Pallavaram - Thoraipakkam, and Rajakilpakam are experiencing the rub off effect of Velachery, with rapid land appreciation. Other areas in demand include Porur and the stretch up to Chettipunyam on the GST.

             J.Uvasre, Director of South India Land Developers says, that the most of the areas around GST and OMR have 2 and 3BHK apartments in the sub-1,5000 sq.ft category available at monthly rentals of Rs.15,000/- to Rs.20,000. In West Chennai areas such as Anna Nagar and Kilpauk command Rs.20,000 - Rs.25,000 monthly rentals for similar sized apartments.

            Emerging Areas like Sriperumbudur and Ambattur have options in the Rs.10,000-Rs.15,000 rental brackets for 2 and 3 BHK Flats. 

However 2010/11 has seen an increase of 13.5per cent in average rent. The trend is accelerating in the last six months-driven by overall inflation growth across products and services, says Satya Prabhakar, CEO Sulekha.com

Coming to a Conclusion :

OMR Beats up all the areas and standstill from Madhya Kailash to Thiruporur for Better and faster development in the upcoming years. 


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10 comments:

  1. Sai Ram14 September 2011 at 23:26

    Thats true chennai property. Its really a fruitful option to invest in chennai. :)

    ReplyDelete
  2. Unknown4 October 2011 at 04:03

    Provident housing wish really craves for a peaceful yet word-class lifestyle in today's changing India.Chennai housingalso stems from the fact that easy and not so taxing wish to have a flat in posh Chennai is well-justified.

    ReplyDelete
  3. Puja4 October 2011 at 04:10

    Provident housing's customer service people dont respond properly and their prices are hiked up too!

    ReplyDelete
  4. Unknown15 February 2013 at 04:11

    This comment has been removed by the author.

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  5. Unknown2 June 2014 at 02:35

    The infrastructure facilities of Chennai attract many people who are keeping a keen eye on the real estate market of Chennai. There are many flats for sale in East Chennai.

    ReplyDelete
  6. Prachi Pal13 August 2014 at 05:33

    Nice blog....I recently read your post and get great and Splendid information regarding real estate Builders In Omr chennai. You have done amazing work. Loved to read and liked it so much. Thanks....

    ReplyDelete
  7. sham21 July 2015 at 00:45

    This comment has been removed by the author.

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  8. Unknown7 February 2016 at 23:24

    This comment has been removed by the author.

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  9. Unknown27 April 2016 at 21:47

    Nice! informative post. Thanks for sharing.

    low budget flats for sale in Chennai

    ReplyDelete
  10. Shambhu Kumar22 May 2017 at 00:29

    This comment has been removed by the author.

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