Latest News Updates of Chennai

After opening the first phase of the ORR that connects Vandalur with Nazrethpet, the neighboring areas are witnessing a remarkable price appreciation of the properties in the recent years.

Tamil Nadu government is going to take up the work of Rs.3,267 crores Chennai Monorail project soon. With this project, services between Poonamallee and Kathipara will be provided under the DBFOT (Design, Build, Finance, Operate and Transfer) model.

Work of Rs.1400 crore ORR phase-2 is proceeding at fast pace with the development of a flyover, a major bridge and 2 minor bridges. As per the sources of Tamil Nadu Road Development Company, the road is expected to ease the city’s traffic off with its work completion by Sep,2016.

According to Magicbricks PropIndex Jul-Sep 2014, the areas of south Chennai and North Chennai are listed as the most preferred destinations for property buying.

With first phase of ORR gets operational and second phase currently under-construction, swift connectivity to other regions of Chennai is enjoyed which will push up property prices in the surrounding regions.

The recent opening of the ORR phase-1 has improved the accessibility of Poonamallee to many Commercial and Industrial Corridors

‘Ache Din’ for Real Estate in Chennai - The recent CRISIL Report says that the real estate industry in Chennai will witness a growth rate of 4% for the years 2015 and 2018, with the presence of emerging Sriperembudur and OMR.

ORR is now ready to ride... The Phase 1 of the Outer Ring Road (ORR) from Mannivakkam to Nemilicheri a 27 km length road is now available for public utilization.

Due to recent building collapse, Chennai Metropolitan Development Authority began thorough inspection of under-construction buildings in the City and its Suburbs.

Chennai received its first International recognition as one among the Top 12 Cities for Real Estate Investments in the World.

Phase-1 of Outer Ring Road from Vandalur to Nemilicherry is going to be operational from 11-04-2014.

Work on phase-2 of Chennai Outer Ring Road (ORR), began recently and is expected to complete by September 2016.

According to an article published in the Hindu, "In Chennai, GST Road has the most potential for growth over the next ten years".

State government has sanctioned Rs.185 crores for land for Chennai's ORR a 62 km long stretch

Proposed Greenfield Airport at Sriperumbudur finding a place in the PM's list of infra targets for 2013-14. Work to be completed even before the one in Navi Mumbai.

Launching Soon- Compact Homes @ Tiruvallur Happening Zone, Suncity - Lake side Plots and Villas along the Railway line

ORR has seen more than 200% appreciation in past three years, appreciation to go up further with Vandalur bus stand.

Chennai is the best place for children's education. State government allocated Rs. 14, 553 crores for education in 2012-2013., the highest for any department.

The fall of the rupee against the dollar drives NRI realty investments in India. Stability in Chennai real estate prices is the main reason.

Three Lane Flyover soon to be constructed at Pallavaram on GST Road to reduce traffic congestion

Prime Minister says "Yes" to Greenfield Airport, Chennai. Work to commence in 2013-2014

Location advantage is the main reason behind the development of GST Road, said M.K.Sundaram, Chairman of BAI.

Why Chrompet is the best place to invest in Chennai? Click here to read Times of India article on Chrompet

Chennai's 2012 residential market witnessed 60% of its new launches in south Chennai along the GST road and OMR road.

Property registration witnessed 11% growth in Apr-May 2013, stood up at 4.47 Lakhs.