Chennai’s real estate growth has been robust with fresh supplies to satisfy the demand. The demand has been increasing consistently every month.

1. Real Estate Market Trend Of
Chennai: Aug ’14
Chennai’s real estate growth has been
robust with fresh supplies to satisfy the
demand. The demand has been increasing
consistently every month. The increase in
demand is mainly due to the job
opportunities in the city and natural
increase in population. With an expanding
city and the urban fringes moving
outwards, it is natural to see more
projects come in outskirts to
accommodate the increasing population.
Commonfloorhas been publishing real estate bulletins every month with monthly
updates. According to the bulletin, Pallavaram locality had the most number of fresh
supply in the residential sector. About 2000 units were launched in the August,
2014. Over 50 per cent of this fresh supply is in Pallavaram and rest are scattered
between Avadi, Tambaram, Velachery and Poonamallee. These units include
affordable, mid and luxury segments.
Another interesting trend is that over 60 per cent of the total supply from the last
month has been restricted in the south part of the city. This is mainly due to two

2. reasons. One, the demand compelled by the IT industries in the OMR belt, which
promotes the demand in the surrounding micro markets also and the other being
the supply pattern following the development pattern of the city.
Source: CommonFloor.com
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