#chennai real estate
In Pics: Chennai recent real estate trends
PropIndex: India’s Apartment Index by Magicbricks.com
The Chennai real estate sector witnessed a modest recovery in the last quarter of 2014 and this revival is expected to continue into 2015, finds the fifteenth edition of Prop Index, the India Apartment Index by Magicbricks. The Chennai-Bengaluru Industrial Corridor, the Mass Rapid Transit System, the development of Smart Cities will augur well for Chennai.
Ponneri, Mahabalipuram and GST Road are places to look out for. Other areas likely to witness fast growth include Perumbakkam, Medavakkam, Kovillambakkam, Vannagaram, Mangadu, Kundratur, Ambattur, Avadi, Chembrambakkam and Oragadam.
The city is expected to attract sizeable investments along with the top three metros of Mumbai, NCR and Bengaluru. This will be a notable change from dynamics seen in the past, where only these three cities ruled the roost.
Here are the latest trends of Chennai real estate in pics.