Chennai among top real estate investment destinations in Asia

Chennai Real Estate Market
Chennai has been gradually inching up as one of the favorite investment spot for local as well as global real estate investors. According to the recent survey "Emerging trends in real estate in Asia Pacific 2014" conducted by PwC, Chennai has, for the first time, emerged in the top 25 real estate destinations list in the Asia Pacific region. 

Cities like Bangalore, Delhi and Mumbai have been in the top 25 list as preferred destinations. However, for the first time, investors have chosen Chennai as one of the destinations for investment.

Bangalore and Mumbai have slipped from their positions compared to 2013 rankings where they stood at 19th and 20th position, while Delhi maintained its ranking at 21st position. Renowned real estate professionals, including investors, developers, lenders, brokers and consultants participated in the survey.

Below is the average rate chart of residential properties in various parts of Chennai for 2013-2014.


Locality
Price Range
(Rs./Sq-ft)
Adambakkam
5,268-5,921
Adyar
9,534-11,643
Alwarpet
14,833-17,714
Ambattur
3,773-4,114
Anna Nagar West
5,674-8,680
Chengalput
3,551-3,807
Chromepet
3,985-4,208
G S T Road
3,143-3,679
Guduvancheri
2,943-3,168
Iyyappanthangal
3,605-3,825
KK Nagar
6,086-7,524
Kattupakkam
3,900-4,361
Kelambakkam
3,065-3,302
Kilkattalai
4,553-4,864
Kilpauk
10,573-12,462
Kodambakkam
0-6,97,515
Kolathur
4,193-4,708
Korattur
3,803-6,993
Kovilambakkam
3,890-4,914
Madambakkam
3,691-3,894
Madipakkam
3,986-4,246
Mangadu
3,400-3,551
Medavakkam
3,988-4,652
Mogappair
5,179-5,954
Mogappair West
4,763-5,275
Nanmangalam
3,528-3,722
Navalur
3,992-4,803
Nolambur
5,181-5,645
Nungambakkam
10,617-12,638
OMR
3,425-4,184
Old Mahabalipuram Rd
3,439-4,214
Oragadam
3,080-3,551
Padur
3,602-3,976
Pallikaranai
4,204-4,394
Perambur
5,162-5,616
Perumbakkam
3,950-4,261
Perungudi
5,485-5,789
Poonamallee
3,373-3,636
Porur
4,600-4,878
Saligramam
1,179-26,774
Selaiyur
3,507-3,740
Sholinganallur
4,665-5,183
Siruseri
3,684-4,003
T.Nagar
9,492-11,631
Tambaram
3,325-3,608
Tambaram West
3,031-3,510
Thirumullaivayal
3,275-3,433
Thiruvanmiyur
9,050-9,953
Thorapakkam
5,218-5,584
Tirupurur
2,831-3,073
Urapakkam
3,339-3,613
Urappakkam
3,218-3,586
Vadapalani
6,884-8,566
Valasaravakkam
4,970-5,673
Vandalur
3,323-3,739
Villivakkam
4,790-5,295
Virugambakkam
5,795-6,680


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