|
Among the four metropolitan cities in India, the port city of Chennai has a distinct advantage of a major corridor to Southern India.
Also, it has a distinct advantage in terms of residential rental and capital values.
Lower operational cost, availability of land and low cost of accommodation has been the major attracting factors for many domestic and multinational companies to settle their operations from Chennai. Some of the Chennai areas and the prevailing average sqft rates as below as of April 2009.
Last Updated: July 2009
CAPITAL VALUE |
Locality |
Apartment (Rs/sq ft) |
Plot (Rs/Ground*) in lakh |
Q4% (2008-09) |
July’09 |
Q4% (2008-09) |
July’09 |
Central (3) |
0 to 10 |
4000-5000 |
-53 to -32 |
150-200 |
West (10) |
-54 to 33 |
3000-8000 |
-40 to 3 |
60-250 |
North (1) |
-55 |
3000-12000 |
-64 |
70-100 |
South (12) |
-53 to 33 |
8000-10000 |
-44 to -25 |
50-150 |
IT Corridor(8) |
-20 to -10 |
2000-3000 |
-50 to 13 |
40-90 |
Others (18) |
-36 to 10 |
2500-20000 |
-56 to 54 |
50-350 |
|
RENTAL VALUE |
Locality |
Apartment 2 BHK (Rs/month) |
Q4% (2008-09) |
July’09 |
Central (3) |
-20 to 27 |
15000-20000 |
West (10) |
-63 to 50 |
8000-25000 |
North (1) |
100-200 |
8000-30000 |
South (12) |
-47 to 107 |
20000-30000 |
IT Corridor(8) |
0 to 86 |
5000-8000 |
Others (18) |
-40 to 154 |
8000-40000
|
|
Source : Brix Research
Disclaimer: MyVeedu.com cannot be held responsible for the accuracy of data displayed on the site for the year 2008 - 09. Though the information is deemed reliable, We does not give any guarantees and it should be verified independently.
|
