Chennai real estate market grows post-COVID-19 with higher sales
Chennai real estate market grows post-COVID-19 with higher sales
Residential sales in Chennai surged remarkably, reflecting a broader national trend of robust growth.
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The pandemic shifted priorities, emphasizing the need for homeownership offering security and stability.
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The work-from-home trend increased the demand for larger living spaces and new homes.
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Property prices in Chennai are expected to increase by 5.5-6.5% in the coming year.
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"Metro and Greenfield Airport boost connectivity and residential appeal."
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Demand for affordable housing is growing, driven by students and job seekers in the city.
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North Chennai's affordability and connectivity make it popular among homebuyers seeking budget-friendly options.
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The IT corridor's proximity to major hubs increases demand, with areas like OMR becoming hotspots.
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Metro construction boosts areas like Porur, attracting both homebuyers and real estate investors.
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The Greenfield Airport in Parandur enhances real estate growth in Tambaram and Guduvancheri areas.