Posts Tagged ‘porur’

Supply-demand gap in housing – chennai

November 30, 2010 Leave a comment
Listings posted with between July and September 2010 reveal that the top ten localities which posted maximum listings were T Nagar,Velacheri, Porur, Adyar, Ambathur, ECR, Kolathur, OMR Road, Besant Nagar and Virugambakkam. Requirements posted on reveal that 2 BHK multi-storey apartments are most in demand followed by 3 BHK and 1 BHK apartments. Overall,the supply was highest in the 2 BHK and 3 BHK categories with multi-storey apartments posting maximum listings comprising 52 per cent of the total supply.
However, on comparing the demand and supply data,a mismatch was observed in the number of available options as compared to the demand especially in the 1 BHK and 2 BHK segments where the demand outstrips the supply. The 1 BHK category, which caters to the affordable housing segment,is where the mismatch lies. The demand is robust but options are limited.
On the other hand,in the 3 BHK segment, there is a significant supply of multi-storey apartments with little demand to absorb the existing housing stock.When an investor looks at regular returns out of a residential real estate investment,this is a critical parameter to consider. The smaller units have more demand and are easier to lease out. The demand for bigger units is limited.
Localities such as Adyar,T Nagar and OMR posted 2 BHK and 3 BHK  apartments  within a higher price range ( 100 lakh and above), while localities such as Ambattur and Kolathur posted more affordable options ( 18-30 lakh). Residential projects comprised 23 per cent of the total supply and maximum listings were posted in the 3 BHK category.
However,requirements posted with indicated that the demand was highest in the 2 BHK category which is not being met adequately by the existing housing stock. In the 3 BHK category on the other hand,there is an over supply. The market demand has moved in the direction of apartments.The traditional fixation of standalone property is fast giving place to modern apartments with latest amenities and lifestyles.When one buys a property,the constraints of price are a big consideration.However,for the occupant,the rental options are as wide and scattered as he or she is willing to look for.
In the residential segment,there exists a significant demand for more premium options of 4 and 5 BHK categories which are adequately met by the existing housing stock as indicated by listings posted with The premium segment is well catered to and even the rental market in this segment is mature and well-established.In the rental housing category catering to young and mobile professionals,furnished property fetches better values.Most lessees prefer to move into a new city into furnished accommodation. In cities such as Gurgaon, Delhi and Bangalore,where the workforce is very young,the escalation in rental values from furnished property can be as high as 35-50 per cent. 


Times of India epaper, 27 November 2010


Fully loaded economic housing


CHENNAI: Antony Projects (P) Ltd, a wing of Antony Group, has launched its new project `Park Wood’ to offer affordable luxury homes to the people of suburban Chennai. With more than a decade-old expertise and an ISO 9001:2008 certificate to flaunt towards quality, the company has been serving Chennai for its ever-demanding living space requirements.

 From high end condos to independent villas, every project promise a unique living experience, besides giving a blend of aesthetic elegance and modern technology.

 With more than 100 completed projects, including turn key projects, of Around 5-lakh sq.ft and a satisfied customer list of over 600, the company has more than 10 lakh sq ft of projects in the pipeline. Known for its commitment and promises in terms of quality, timely delivery and value for money, Antony Group continues to be a pioneer in promoting affordable homes in Chennai and its suburbs.

 The new project `Park Wood’ is sure to extend an affordable luxury to its customers.

 Park Wood is a 30 crore project in a 1.6 acre area and will be designed to provide wideopen space, beautiful boulevards with lots of greeneries. It will be an ideal home and a best investment option in today’s real estate scenario.

 Park Wood will be a collection of 112 aesthetically designed 1,2,3 and 4BHK apartments conveniently located in Kattupakkam, near Porur.

 All apartments will be designed to provide maximum utilisastion of space. Some of the 3 and 4 bedroom apartments will be duplex.

 With easy access to Poonamallee, Vadapalani, Guindy, Koyambedu and Sriperumbudur, Park Wood will no doubt be a good choice in the developed neighborhood in Porur.

 These premium homes come at a price of Rs 2190 per sq.ft. The icing on the cake is that the homes come fully furnished.

Express Buzz, 15, May 2010