Chennai Real Estate - Suburban Real Estate Leads

Chennai is experiencing frenetic developments on the existent estate front. While the Central Business District (CBD) witnessers short autumn in handiness of commercial business office space, the metropolis is expanding to the sub-urban and peripheral countries to feed the demand. The continuing involvement from IT/ITeS sectors and corporate resulted in bomber urban existent estate development to guarantee quality space in market.

Sub urban countries of Madras have registered important existent estate development in past few old age viz. completion of TIDEL Park, the old Mahabalipuram Road being designated as the IT corridor and constitution of campuses by the corporate major league such as as technetiums , Polaris, American Mega Trends, Connecticuts and Xansa.

TIDEL Park is the biggest Software Technology Park in Republic Of India leasing more than 1,30,000 sq. foot of country in Standard Towers, Velacherry, Scientific Atlanta, Intelenet, HCL, FCI Technologies, Revit Systems and Karur Vysys Bank.

Large figure of townships and condominium undertakings will be approaching to the bomber urban countries to make a new metropolis with all the comforts and installations for the residents.

Property advisers in Madras anticipate that in the coming old age most of the people would wish to dwell in bomber urban countries and the demand for residential places will increase by 30 per cent.

The working capital and rental values are moving up and down with these developments and existent estate sector have grown by 10-20 per cent in last quarter. This volition additional addition in coming old age with the completion of approaching railroad project, said Kumar Ravi from Kumar enterprise.

New Development

Suburban railroad undertakings have got received significant allotment in the railroad budget 2008. For the extension of the Mass Rapid Theodolite System from Velachery to St. Seth Thomas Mount, Rs. 20 crore have got been sanctioned.

Another allotment of Rs.1 crore each have been made for a new line from Madras to Cuddalore via Mamallapuram and from Atipattu to Puttur.