Chennai the fourth largest metropolitan city in India is a major trade centre, well linked by road, rail and air to important cities besides being a seaport. Dubbed once as a sleepy and slow-paced city for long, it is today abuzz with activity in business, industry, entertainment and leisure.

Big names like Ford, Hyundai, Hindustan Motors, TVS, Ashok Leyland, MRF, etc.opted for the city. Recently, BMW has opted for the city to set up a car assembly plant at the Mahindra City and Hyundai has decided to put up a second plant near its existing facility on the outskirts of the city.

Leather, biotechnology, floriculture, horticulture and construction industry are the potential growth areas in the state in future with IT industry.
Chennai has traditionally been the hub of economic, geographic and political activities of south India. Its economy is well balanced with the info-tech , entertainment, industrial and other service establishments playing equal role in city's growth. Unlike other metros, there was no significant steep rise and fall of the real estate market in the post liberalization era in Chennai. This was due to the fact, that not many multinational companies had chosen Chennai to start their operations. It can be attributed to the large floating stock available in the market during this period.



Chennai has several inherent advantages for real estate development, availability of skilled manpower, better infrastructure and cosmopolitan outlook. The all-round development has excited many national & international real estate developers to enter the Chennai property sector.There has been upsurge in demand for residential apartments and property. The spillover effect is felt in suburbs as well with developers focusin more areas for residential property development. Chennai is rapidly growing towards the southern and western quadrants, with high demands of residential apartments in Abhiramapuram, Adyar, Boat Club Road, Kalakshetra colony, MRC nagar, Nungambakkam, Valmiki nagar, Velachery, Old Mahabali Puram. Properties offering world class lifestyle amenities are mushrooming across the city.

Chennai will soon have its first integrated and large-scale community at Old Mahabalipuram Road (OMR). The Chennai project will be developed under a new brand name - Hiranandani Upscale.
A 110 acre-premium project that is expected to redefine the concept of urban living. Upscale offers 2-4 BHK apartments housed in 6 Stilt+28 storied towers.

Day before yesterday I was searching on the rise in black money in Indian Economy From what I searched: One thing that’s common to most cases with the black market is the real estate sector. Huge amounts of black money has been pushed into Indian real estate. And now a lot of money/surplus has been an impetus for prices in the real estate sector to rise. Even though the price could be paid in cash as in the market value of the property, in order to avoid taxes on stamp paper or other govt levied taxes one would deal in black money, their by fuelling the demand for "hot" real estate properties.Increase in prices of real estate means more demand for sectors/products/services related to realty. Like steel,cement and credit. As quoted here "A lot of distortions exist in Indian economy due to tax evasion and black money, etc. Real estate is the safest and best place to park black money" Also my dumb reasoning: If there is huge amount of black money in the system it means that the govt. would initiate measures in order to sterilize black money. It may be in the form of :

1. Tax saving:

a. By reducing the taxes

b. Widening the areas through which one can save taxes

2. Expenditure: By inducing expenditure on services/goods that would induce more expenditure in related areas which would cater to the process of diverting money into sectors that would eventually generate returns through the trickle down theory.

3. Price Rationalization: Black market may induce people to relook at prices. If a product is supplied at a certain price through a controlled mechanism and if the product is available at a cheaper price in the black market, it may play a role in stabilizing the prices. If let say people evade octroi, and use black money or a bribe to get away, one may consider whether the amount of octroi incurred is reasonable or not…..

Just because of the black money being spread across the Indian real estate market its always advisable to consult a good and well renowned Real Estate consultant like Axiom Estates.A real estate agent will guide you to - and through - the most important decision of your life.Choosing a real estate agent falls into the same bracket as choosing a medical doctor or a lawyer.

Axiom Estates is the premier India Property Service Provider Internationally. We work closely with all category A developers in India to offer the most comprehensive range of Prime new property developments in Tier I or Tier II cities. AxiomEstates offers the largest range of New Property Developments across India in Mumbai, Delhi, Bangalore, Kolkata, Goa, Pune and more.

Forecasting future is called speculation. In real estate business forecasting on future property prices and cashing on it is profitable and it can be risky too. Extra caution is required from the beginner’s end. Taking advice from other investors and well renowned Real Estate consultants will also help minimize mistakes. Following tips can help in going smoothly.

• If you are planning to invest and speculate for a higher price then need to look around the neighborhood of the property you are investing in. Try to find out if any development in near future could hike the value of the property.
• Think of buying the property only if you want to hold for an indefinite period.
• Plan wisely. Weigh the risk and calculate profits deducting all the taxes and fees that you would have to pay until the property is all yours.
• Resist temptations of selling it early at the rise of prices. Do not wait for the price to rise to the highest point.
• If possible go for investing in distressed properties such as pre-foreclosure homes, or foreclosure homes, and so on.
• Always try buying multiple properties that are cheap instead holding on to one and wait for its price to escalate.
• Being a novice, do not go for pre-construction buying. Supposing the construction does not take place at all or is stopped half way through you would be in a dilemma. Do not go for rumors in the market. Because at such times you may commit mistakes by selling good deals and keeping bad ones for bad times.
• Learn to bear small losses for big gains in future.
• Don’t take big risk for small profit.
• Selling when the markets are inactive may prove a big loss. Go by the trend rather than blind speculation.
• Always be handy with finance. You may miss the opportunity of getting homes at reduced prices.
• When the markets are going against your prediction try not to ride on your emotions but plan with good defense.
• Don’t go on the stories because sometimes the market negates them.
• Money management always helps at odd times.

There are many factors which need to be considered when calculating how much rent to charge. Choosing the correct price means you get the most rent for your property – (Residential / commercial) without scaring away potential tenants by overpricing.

Location: The real estate advantage "location, location, location" applies equally to rental values as to selling values. In other words where your property is located well, to a large extent, determine how much you can realistically ask in rent. Its proximity to desirable venues such as Major bus terminals, Railway stations, national and international airport, universities/colleges or sporting/special events will impact on the demand and therefore the rental value.

The real estate rental trends in the commercial sector are momentous as the key tendency among the investors is to rent a commercial space instead of buying since it facilitates low risk and less worry on maintenance. Commercial Rentals including corporate office space, BPO spaces, mall space, shops and Showrooms are an integral part of the commercial rentals in India. As per the article published by one of the economic daily high rentals has become a stumbling block for the retail expansion in India. It has stated how high rental rates have become a hindrance to growth of many corporate. If this situation will continue for long do we think India will develop at the projected growth rate? How can the present situation be turned to a win-win situation from win-loose situation?

With property boom spreading in all directions, real estate in India is touching new heights. Noida’s story is something which we can’t afford to miss out. The real estate in Noida is hitting the sky, which is due to a large migration of people from Delhi who are being bullish to make it their home. New Okhla Industrial Development Authority (Noida) is known to be the largest industrial town of Asia, but now it has undergone a paradigm shift in the last few years. Being a part of Uttar Pradesh, Noida cannot be spared from the problems prevailing in the state. Despite all, the individuals who have shifted their base to Noida witness to live a splendid life. And today with one more reason for all the real estate players in Noida is none other than the proposed second international airport at Greater Noida. The development is likely to give a push to prices of residential and commercial property projects in twin cities of Noida and Greater Noida. One of the upcoming projects in this place is The Imperial Court, The Kalypso Court, by Jaypee group at Jaypee Greens.

Jaypee Greens is a venture of Jaypee Group, a well-renowned infrastructural and industrial group of northern India with a turnover of over Rs. 3500 crores. The group has forayed into the real estate sector with the distinction of owning an 18 hole "Greg Norman Signature" golf club, 8 Million square feet of real estate development. Jaypee Greens is spread over an area of 450 acres. It comprises golf resorts, villas, townhouses, penthouses, condominiums, studio apartments, commercial complexes and shopping malls.