| Chennai is one of the most important metro cities in | | | | |
| India and is a major trade center. It is the capital of | | | | - On the other hand, the easy availability of good talent |
| Tamil Nadu and was formerly known as Madras. It is a | | | | from both within and outside the city encourages IT |
| culturally rich city being a major centre for art, music | | | | leaders to establish operations in Chennai. |
| and culture in India. Chennai presents a nice blend of | | | | |
| traditional Tamil Hindu culture and western influence. | | | | - This is why companies like Nokia, Dell, etc. have |
| The city is well connected by road, rail and air | | | | come up with their campuses in regions like |
| transport and can be seen as the least congested and | | | | Sriperumbudur in Chennai. |
| polluted metros of India. | | | | |
| | | | | - Other industries related to automobiles, chemical, |
| The growing universality of the city and opening up of | | | | manufacturing, etc. are also opening their operation |
| large number of job avenues has made it an important | | | | units and setting up their businesses in this metro city. |
| career destination. There has been a lot of residential | | | | The commercial boom and residential growth in |
| and commercial movement related to Property in | | | | Chennai has flourished huge investments into it. It is, |
| Chennai in last few years. This growth could be | | | | thus, counted among excellent investment options with |
| attributed to real estate saturation in Delhi and Mumbai | | | | properties in Old Mahabalipuram, Tambaram, East |
| and the resulting increase in IT-ITes industries and | | | | Coast Road and Thilluvar topping the charts. T.Nagar, |
| residential developments in the city. | | | | Mylapore, Abhiramapuram, Adayar, etc. in Southern |
| | | | | and Ashok Nagar, Manapakkam, areas of Koyambedu |
| Chennai being the port city attracts various leading | | | | such as Mogappair in Central Chennai generate |
| manufacturing companies and real estate developers. | | | | maximum demand. All these places are popular for |
| The presence of the port extends an exceptional | | | | their proximity to schools, hospitals and industrial areas. |
| advantage to the city while bolstering some of the | | | | Other sought after areas include Thiruvallur, |
| important developments taking place. The simultaneous | | | | Kancheepuram, Padapai, GST Road and Tindivinam. |
| residential and commercial developments in the city | | | | An increase of 5% in real estate property is expected |
| have resulted in wholesome growth of the city: | | | | but prices will remain stable for most of it. |
| | | | | |
| - The property developers like Emaar MGF and others | | | | OMR, Old Mahabalipuram Road: OMR has become an |
| are planning to bring in a number of real estate | | | | important IT centre of the city and is, therefore, |
| projects to develop residential housing. | | | | witnessing a lot of real estate activities. Mega |
| | | | | residential townships are being developed offering |
| - Emaar MGF has recently launched ‘The | | | | clean water, unpolluted environs and peaceful living. |
| Avenues’ of Esplanade, one of the largest | | | | |
| residential projects in North Chennai. Esplanade is | | | | ECR, East Coast Road: This area is one of the most |
| nearing completion with 14 acres of land housing more | | | | preferred residential spaces as it offers magnetic |
| than 500 ultra modern 2-3 bedroom apartments in 22 | | | | scenic beauty. |
| towers. The Avenues is set to be completed by next | | | | |
| year. | | | | The retail industry of Chennai is also growing with |
| | | | | number of malls, shopping complexes, etc |
| - Another city based builder, Vijay Shanthi Builders is | | | | mushrooming in the city. The areas of N.M. Road, |
| coming up with Chennai’s costliest apartment | | | | Vadapalani, P.H.Road, Anna Salai, C-IN-C Road, OMR, |
| project, ‘The Art’ where each apartment would | | | | Velacheri and N.H.Road are seeing development in the |
| cost at least Rs. 8 crores. It is meant to be a limited | | | | retail sector. |
| edition super luxury residential complex that will be | | | | |
| studded with diamonds and precious tones and pearls. | | | | The infrastructure of Chennai property market needs |
| This project aims at providing unique, stylish and | | | | a little more attention to make it one of the most |
| luxurious housing while delivering value for money. | | | | happening places of India. |