Monthly Real Estate Monitor - November 2013 Chennai Residential

By JLL India

 After a slew of new launches that happened in September, 2013 the month of October recorded lesser new launches.

Absorption continued to remain restricted despite festive offers. Major launches during the month included Lancor launching its second project, Corner Stone in Nanganallur.

Capital values continued to remain stagnant during the month while rents continued to rise in locations within the city limits.

Residential	Rents	Capital Values
Key Areas	RS. per month for a 1,000 sq .ft two to BHK apartment	RS. per sq. ft
Adyar	20,000  to 30,000	12,000 to 22,000
Medavakkam	7,000 to 14,000	3,600 to 5,500
Tambaram	6,000 to 12,000	3,500 to 4,500
Anna Nagar	15,000 to 25,000	9,000 to 15,000
Porur	5,000 to 10,000	3,800 to 6,200
Sholinganallur	9,000 to 12,000	4,250 to 5,800

 INFRASTRUCTURE ONGOING.. >>

Tamilnadu State Government has launched Small Bus Services in Chennai.

These small buses will serve in the areas that are not served by regular buses & will also serve as feeder services for the railway, MRTS and Metro stations.

For more information about JLL India research

Mr. Ashutosh Limaye

Head, Research and REIS

ashutosh.limaye@ap.jll.com

+91 98211 07054

Mr. Trivita Roy

Assistant Vice President, Research

trivita.roy@ap.jll.com

+91 40 4040 9100

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