3. In 2014, Chennai witnessed the launch of about
360 projects while 1200 projects were expected
to be completed during the same period which
shows that developers are now cautiously
launching projects.
#1
4. Out of the total supply, 66% projects were launched
in South Chennai, followed by 25% in West and 6%
in the Central part of the city.
#2
5. Over 80% of the new supply comprised of small-
size projects that had less than 100 units each. This
could be because Chennai is essentially driven by the
presence of several local developers.
#3
6. Central Chennai (Egmore , Ashok Nagar) recorded
a whopping 99% supply of small-size projects
comprising less than 100 units each. Absence of
large tracts of land in this part of the city is one of
the key reasons for this.
#4
7. Owing to its proximity to GST Road, a popular
IT/ITeS SEZ and ancillary manufacturing industry
hotspot, West Chennai also witnessed demand by
professionals working in commercial spaces.
#5
8. Chennai market saw a good absorption of units that
were launched during 2014. Poonamallee tops the list
with 79% absorption, followed by Guduvancheri
with 77% and Guindy with 54%.
#6
9. Property prices in prominent micro markets
remained, more or less, stable during the year 2014
with only a few localities showing marginal increase
and few showing downward trend.
#7
10. Out of the total supply in 2014, affordable
properties topped the list with 33%, followed by
mid-segment with 30% supply. Interestingly, ultra-
luxury segment witnessed more new supply as
against the luxury market.
#8
11.
12. Unlike conventional market trends, Chennai saw a
whopping 23% of overall supply for plots in the year
2014. This was quite contrary to the trend seen in
most major metros in the country.
#9
13. The Western part of Chennai witnessed high
demand for Villas and Row Houses while the South
experienced high demand for apartments.
#10
14. Year 2015 is likely to see good ready-to-move-in
supply across the city. Maximum unit supply is
expected to come up in the southern region (65%),
followed by the western belt with 23%.
#11
15. Year 2015 is likely to see good ready-to-move-in
supply across the city. Maximum unit supply is
expected to come up in the southern region (65%),
followed by the western belt with 23%.
#12
16. The southern region that includes top localities like
Velachery, Tambaram, Madipakkam, Medavakkam,
Pallikaranai, Chromepet, OMR and Urappakkam
houses most of the top 10 rental markets in
Chennai.
#13
17. Out of the total available properties for sale in
Chennai, resale properties comprised of a whopping
44% of the overall supply.
#14
19. CommonFloor.com is India's leading property search portal.
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