JLL India Monthly Real Estate Monitor - December 2013 - Chennai City Residential Market

Chennai Real Estate Residential Market

Residential sales remained tepid during November, 2013.  However, developers / promoters continued to increase housing options for homebuyers by launching new projects during the November month.

Major launches included Love by Vijay Shanti in Mambakkam, Lanterns Court by Casa Grande in Thoraipakkam & Peru's by StepsStone Builders in Perumbakkam.

In addition, the Alliance Group launched Villa Belvedere in Oragadam.

Meanwhile, capital values remained stable amid strained sales.

Residential	Rents	Capital Values
Key Areas	RS. per month for a 1,000 sq ft 2 to BHK Flat	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...

 The Tamil Nadu (TN) Government sanctioned Rs. 5 Croer for preparing a detailed project report for

the proposed 55 km long elevated corridor from Taramani to Mamallapuram on OMR.

For further information, please visit

 www.joneslanglasalle.co.in

For more information about research

Ashutosh Limaye

Head, Research and REIS

ashutosh.limaye@ap.jll.com

+91 98211 07054

Trivita Roy

Assistant Vice President, Research trivita.roy@ap.jll.com

+91 40 4040 9100

For Media Contact:

Mr. Arun Chitnis

Head – Corporate Communications & Media Relations

Jones Lang LaSalle India, Pune -  411001.

Tel: (020) 30930441 Fax: (020) 40196101

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