Commercial Property for Sale in Mahalingapuram, Nungambakkam, Chennai

While various policy initiatives by the government resulted in a slowdown in the luxury real estate segment, India is also expected to witness a strong rise in the number of HNIs. We look at how these factors will affect demand for luxury properties, in the near future

With developers focusing on reducing the cost of housing units to increase sales, the average price of new residential units that were launched in 2016 in the top eight cities of India, has dropped by 14%, as compared to the previous year, says a report by Cushman & Wakefield

With India remaining a favoured outsourcing destination for corporate firms, office space absorption rose 46% in the second quarter of 2016, led by demand from the National Capital Region and Bengaluru, as per a study by property consultant CBRE

Tune in to this episode where we are in conversation with real estate developer Casagrand to explore community living in Chennai and Bengaluru.

While Chennai may be relatively affordable compared to Bangalore, factors like location, lifestyle, and housing options influence overall costs.

To minimise risks, one should work with qualified professionals, including CMDA-approved architects and licensed contractors.

Since 2015, both the documents – Patta and Chitta, pertaining to Tamil Nadu land records have been merged into a single document called Patta Chitta

The stamp duty in Tamil Nadu for new property registrations is 7% of property value while registration fee is 4% of total property value.

The high-speed rail corridor will comprise nine stations in Tamil Nadu and Karnataka.

Emerging localities along the OMR (Old Mahabalipuram Road) such as Sholinganallur, Thoraipakkam and Perungudi are ideal locations for property investments within Rs 1 crore.