{"id":17097,"date":"2013-04-24T10:54:03","date_gmt":"2013-04-24T10:54:03","guid":{"rendered":"http:\/\/www.bharatestates.com\/blog\/?p=17097"},"modified":"2020-06-15T04:12:44","modified_gmt":"2020-06-14T22:42:44","slug":"overview-of-chennai-property-market-in-q1-2013","status":"publish","type":"post","link":"https:\/\/www.bharatestates.com\/blog\/overview-of-chennai-property-market-in-q1-2013\/","title":{"rendered":"Overview of Chennai Property Market in Q1, 2013"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-17099\" alt=\"Chennai-property-market\" src=\"https:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2013\/04\/Chennai-property-market.jpg\" width=\"300\" height=\"250\" \/>Chennai, despite of the current economic slowdown has witnessed a noteworthy expansion in real estate sector. The industrial stagnation has positively affected the residential real estate market of the city.According to a report, from past couple of months, approximate deals worth Rs. 1,000 crore have been confirmed in the city. Right from the local residents to NRI investors, all of them are showing interest in Chennai residential market. The report also further added that 80% of the investors are end users. The residential demand is growing rapidly in the city; therefore not only the main city but even the suburbs and peripheral areas are coming up with residential projects. Residences belonging to the category of 2 and 3BHK are in colossal demand.<strong>Residential trends as per location:<\/strong>The residential market of Chennai is showing a mixed- sentiment. Different locations have different <a href=\"http:\/\/www.bharatestates.com\/chennai\/properties\">property trends<\/a>. Properties that match High-end segment, mid-segment and affordable segment are all prominently present in the city. Perumbakkam, Pallikarnai, Medavakkam, Siruseri, Navallur, Egattur are some of the prime locations where development of premium segment and higher-mid segment projects are taking place. Areas like Navllur, Thalambur, Kavalam, ECR etc. are initiating row houses or villas projects whereas mid-segment and affordable projects are being developed in localities like Kelambakkam, Thiruporur, Vandalur, Urapakkam , Guduvanchery ,Sriperumbudur, Oragadam, Vyasarpadi. Nungambakkam is launching handful of super-luxurious projects. Perumbur, Semmancherry, Singaperumal Koil have come up with integrated townships. Most of the industrial belts are also witnessing launches of new residential projects.<strong>Effect of industrial slowdown on residential sector:<\/strong>The industrial slowdown has benefited the housing sector of Chennai. Due to the intensifying residential demand, many developers are coming up with <a href=\"http:\/\/www.bharatestates.com\/chennai\/new-projects\">new residential projects in Chennai <\/a>every now and then. Many industrial companies are selling their lands due to the drop in industrial sector. Therefore the developers are buying these land parcels and are using it for residential purpose. Earlier suburbs and peripheral areas witnessed a residential growth but now developers are launching their projects in the heart of the city too.Some of the high-flying investments which currently took place in Chennai are Ceebros buys the Atlantic Hotel property in Egmore which is of total land area of 1.65 acres and costs Rs 160 crore, IFCI sells its property to one of the renowned developers of the city for Rs 93.75 crore. On the other hand, VGN bags two properties one from Tata Communication and other from HTL communication. Most of the developers are shifting their focus to the prime locations of the Tamil Nadu capital. The soaring land prices and the decelerate business market have led the companies to unwillingly sell their lands. Even people who are in need of funds are selling their lands to get benefited of the resilient prices. Both the buyers and sellers are trying to make some revenue from these land deals.Currently the housing sector is showing a stable growth and there is anticipation for further escalation in the residential realty sector of Chennai.<span style=\"left:100%;display:inline-block;position:fixed\"><a href=\"http:\/\/rusbankinfo.ru\/\">\u0437\u0430\u0439\u043c \u043d\u0430 \u043a\u0430\u0440\u0442\u0443 \u0431\u0435\u0437 \u043e\u0442\u043a\u0430\u0437\u043e\u0432 \u043a\u0440\u0443\u0433\u043b\u043e\u0441\u0443\u0442\u043e\u0447\u043d\u043e<\/a><a href=\"http:\/\/rusbankinfo.ru\/credits.html\">\u0432\u0437\u044f\u0442\u044c \u043a\u0440\u0435\u0434\u0438\u0442 \u043e\u043d\u043b\u0430\u0439\u043d<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chennai, despite of the current economic slowdown has witnessed a noteworthy expansion in real estate sector. The industrial stagnation has positively affected the residential real estate market of the city.According to a report, from past couple of months, approximate deals worth Rs. 1,000 crore have been confirmed in the city. Right from the local residents [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-17097","post","type-post","status-publish","format-standard","hentry","category-prop-trendz"],"blocksy_meta":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Real Estate in Chennai, Properties, New Projects in Chennai, Chennai Property Market 2013<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bharatestates.com\/blog\/overview-of-chennai-property-market-in-q1-2013\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Real Estate in Chennai, Properties, New Projects in Chennai, Chennai Property Market 2013\" \/>\n<meta property=\"og:description\" content=\"Chennai, despite of the current economic slowdown has witnessed a noteworthy expansion in real estate sector. The industrial stagnation has positively affected the residential real estate market of the city.According to a report, from past couple of months, approximate deals worth Rs. 1,000 crore have been confirmed in the city. Right from the local residents [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bharatestates.com\/blog\/overview-of-chennai-property-market-in-q1-2013\/\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/gayatri.subramanian\" \/>\n<meta property=\"article:published_time\" content=\"2013-04-24T10:54:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-06-14T22:42:44+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2013\/04\/Chennai-property-market.jpg\" \/>\n<meta name=\"author\" content=\"gayatri\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"gayatri\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/overview-of-chennai-property-market-in-q1-2013\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/overview-of-chennai-property-market-in-q1-2013\\\/\"},\"author\":{\"name\":\"gayatri\",\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/#\\\/schema\\\/person\\\/1180a0f24df7b14521fe8fa55b2391fc\"},\"headline\":\"Overview of Chennai Property Market in Q1, 2013\",\"datePublished\":\"2013-04-24T10:54:03+00:00\",\"dateModified\":\"2020-06-14T22:42:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/overview-of-chennai-property-market-in-q1-2013\\\/\"},\"wordCount\":507,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/overview-of-chennai-property-market-in-q1-2013\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.bharatestates.com\\\/blog\\\/wp-content\\\/uploads\\\/2013\\\/04\\\/Chennai-property-market.jpg\",\"articleSection\":[\"Prop Trendz\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/overview-of-chennai-property-market-in-q1-2013\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/overview-of-chennai-property-market-in-q1-2013\\\/\",\"url\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/overview-of-chennai-property-market-in-q1-2013\\\/\",\"name\":\"Real Estate in Chennai, Properties, New Projects in Chennai, Chennai Property Market 2013\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/overview-of-chennai-property-market-in-q1-2013\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/overview-of-chennai-property-market-in-q1-2013\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.bharatestates.com\\\/blog\\\/wp-content\\\/uploads\\\/2013\\\/04\\\/Chennai-property-market.jpg\",\"datePublished\":\"2013-04-24T10:54:03+00:00\",\"dateModified\":\"2020-06-14T22:42:44+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/#\\\/schema\\\/person\\\/1180a0f24df7b14521fe8fa55b2391fc\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/overview-of-chennai-property-market-in-q1-2013\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/overview-of-chennai-property-market-in-q1-2013\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/overview-of-chennai-property-market-in-q1-2013\\\/#primaryimage\",\"url\":\"http:\\\/\\\/www.bharatestates.com\\\/blog\\\/wp-content\\\/uploads\\\/2013\\\/04\\\/Chennai-property-market.jpg\",\"contentUrl\":\"http:\\\/\\\/www.bharatestates.com\\\/blog\\\/wp-content\\\/uploads\\\/2013\\\/04\\\/Chennai-property-market.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/overview-of-chennai-property-market-in-q1-2013\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Overview of Chennai Property Market in Q1, 2013\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/\",\"name\":\"\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/#\\\/schema\\\/person\\\/1180a0f24df7b14521fe8fa55b2391fc\",\"name\":\"gayatri\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/05fef446311c70b4602d4501b704f7ff0efeba003ed7d981a68b741b2d819a2c?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/05fef446311c70b4602d4501b704f7ff0efeba003ed7d981a68b741b2d819a2c?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/05fef446311c70b4602d4501b704f7ff0efeba003ed7d981a68b741b2d819a2c?s=96&d=mm&r=g\",\"caption\":\"gayatri\"},\"description\":\"The power of writing drives the author into exploring exciting dimensions of life. Testing new waters have always been a part of her writing expeditions. Writing becomes more enjoyable when you become one with it; this keeps her glued to capturing \u2018Whats New and In-Vogue\u2019. The author thoroughly adores writing on real estate which opens up fascinating avenues of research and analysis with creativity at play!\",\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/gayatri.subramanian\",\"https:\\\/\\\/x.com\\\/gayatris2106\"],\"url\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/author\\\/gayatri-s\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Real Estate in Chennai, Properties, New Projects in Chennai, Chennai Property Market 2013","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.bharatestates.com\/blog\/overview-of-chennai-property-market-in-q1-2013\/","og_locale":"en_US","og_type":"article","og_title":"Real Estate in Chennai, Properties, New Projects in Chennai, Chennai Property Market 2013","og_description":"Chennai, despite of the current economic slowdown has witnessed a noteworthy expansion in real estate sector. The industrial stagnation has positively affected the residential real estate market of the city.According to a report, from past couple of months, approximate deals worth Rs. 1,000 crore have been confirmed in the city. Right from the local residents [&hellip;]","og_url":"https:\/\/www.bharatestates.com\/blog\/overview-of-chennai-property-market-in-q1-2013\/","article_author":"https:\/\/www.facebook.com\/gayatri.subramanian","article_published_time":"2013-04-24T10:54:03+00:00","article_modified_time":"2020-06-14T22:42:44+00:00","og_image":[{"url":"http:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2013\/04\/Chennai-property-market.jpg","type":"","width":"","height":""}],"author":"gayatri","twitter_misc":{"Written by":"gayatri","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.bharatestates.com\/blog\/overview-of-chennai-property-market-in-q1-2013\/#article","isPartOf":{"@id":"https:\/\/www.bharatestates.com\/blog\/overview-of-chennai-property-market-in-q1-2013\/"},"author":{"name":"gayatri","@id":"https:\/\/www.bharatestates.com\/blog\/#\/schema\/person\/1180a0f24df7b14521fe8fa55b2391fc"},"headline":"Overview of Chennai Property Market in Q1, 2013","datePublished":"2013-04-24T10:54:03+00:00","dateModified":"2020-06-14T22:42:44+00:00","mainEntityOfPage":{"@id":"https:\/\/www.bharatestates.com\/blog\/overview-of-chennai-property-market-in-q1-2013\/"},"wordCount":507,"commentCount":0,"image":{"@id":"https:\/\/www.bharatestates.com\/blog\/overview-of-chennai-property-market-in-q1-2013\/#primaryimage"},"thumbnailUrl":"http:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2013\/04\/Chennai-property-market.jpg","articleSection":["Prop Trendz"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.bharatestates.com\/blog\/overview-of-chennai-property-market-in-q1-2013\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.bharatestates.com\/blog\/overview-of-chennai-property-market-in-q1-2013\/","url":"https:\/\/www.bharatestates.com\/blog\/overview-of-chennai-property-market-in-q1-2013\/","name":"Real Estate in Chennai, Properties, New Projects in Chennai, Chennai Property Market 2013","isPartOf":{"@id":"https:\/\/www.bharatestates.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.bharatestates.com\/blog\/overview-of-chennai-property-market-in-q1-2013\/#primaryimage"},"image":{"@id":"https:\/\/www.bharatestates.com\/blog\/overview-of-chennai-property-market-in-q1-2013\/#primaryimage"},"thumbnailUrl":"http:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2013\/04\/Chennai-property-market.jpg","datePublished":"2013-04-24T10:54:03+00:00","dateModified":"2020-06-14T22:42:44+00:00","author":{"@id":"https:\/\/www.bharatestates.com\/blog\/#\/schema\/person\/1180a0f24df7b14521fe8fa55b2391fc"},"breadcrumb":{"@id":"https:\/\/www.bharatestates.com\/blog\/overview-of-chennai-property-market-in-q1-2013\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.bharatestates.com\/blog\/overview-of-chennai-property-market-in-q1-2013\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.bharatestates.com\/blog\/overview-of-chennai-property-market-in-q1-2013\/#primaryimage","url":"http:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2013\/04\/Chennai-property-market.jpg","contentUrl":"http:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2013\/04\/Chennai-property-market.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.bharatestates.com\/blog\/overview-of-chennai-property-market-in-q1-2013\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.bharatestates.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Overview of Chennai Property Market in Q1, 2013"}]},{"@type":"WebSite","@id":"https:\/\/www.bharatestates.com\/blog\/#website","url":"https:\/\/www.bharatestates.com\/blog\/","name":"","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.bharatestates.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.bharatestates.com\/blog\/#\/schema\/person\/1180a0f24df7b14521fe8fa55b2391fc","name":"gayatri","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/05fef446311c70b4602d4501b704f7ff0efeba003ed7d981a68b741b2d819a2c?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/05fef446311c70b4602d4501b704f7ff0efeba003ed7d981a68b741b2d819a2c?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/05fef446311c70b4602d4501b704f7ff0efeba003ed7d981a68b741b2d819a2c?s=96&d=mm&r=g","caption":"gayatri"},"description":"The power of writing drives the author into exploring exciting dimensions of life. Testing new waters have always been a part of her writing expeditions. Writing becomes more enjoyable when you become one with it; this keeps her glued to capturing \u2018Whats New and In-Vogue\u2019. The author thoroughly adores writing on real estate which opens up fascinating avenues of research and analysis with creativity at play!","sameAs":["https:\/\/www.facebook.com\/gayatri.subramanian","https:\/\/x.com\/gayatris2106"],"url":"https:\/\/www.bharatestates.com\/blog\/author\/gayatri-s\/"}]}},"_links":{"self":[{"href":"https:\/\/www.bharatestates.com\/blog\/wp-json\/wp\/v2\/posts\/17097","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bharatestates.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bharatestates.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bharatestates.com\/blog\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bharatestates.com\/blog\/wp-json\/wp\/v2\/comments?post=17097"}],"version-history":[{"count":1,"href":"https:\/\/www.bharatestates.com\/blog\/wp-json\/wp\/v2\/posts\/17097\/revisions"}],"predecessor-version":[{"id":32300,"href":"https:\/\/www.bharatestates.com\/blog\/wp-json\/wp\/v2\/posts\/17097\/revisions\/32300"}],"wp:attachment":[{"href":"https:\/\/www.bharatestates.com\/blog\/wp-json\/wp\/v2\/media?parent=17097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bharatestates.com\/blog\/wp-json\/wp\/v2\/categories?post=17097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bharatestates.com\/blog\/wp-json\/wp\/v2\/tags?post=17097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}