Blog Details

• Ms. Priya Natrajan

Chennai real estate market sees an upsurge

Even as the country faces an economic slowdown, the silver lining has been the resilience in the real estate markets of the metro cities in South India, Chennai in particular, having leveraged the trend robustly. Over the years, Chennai real estate market has been growing by approximately 4-4.5 mn sq-ft/year, and is expected to add 6 mn sq-ft this year with the renewed energy of the developers and the government’s focus on the market.

Murali Malayappan, CMD, Shriram Properties, said, “We are very happy to have achieved construction progress of our residential project Shriram Gateway six months way ahead of time. We are seeing an upsurge in Chennai’s real estate market, due to which we have been able to mark this achievement. We are hopeful that with the help of new government policies, the coming year will be a positive year for the real estate sector.”

Shriram Gateway not only offers a great lifestyle to its residents but also uplifts the quality of life in the neighbourhood. It includes two public parks spread over 5.16 acres with recreation areas, sports zones and performance spaces amidst lush green lawns.