Chennai Real Estate Market News

Real estate market news in Chennai keeps you in sync with the course of development that the real estate market has gone through most recently. The pace of development in Chennai properties is so quick and extensive that only a reliable and instant source of property news in the city can keep you updated and well informed.

Today, it is possible to access real estate news online in the city with the growth of many real estate websites on houses. You will get an elaborate account of the current property prices in different areas of the city along with snippets on latest property development, which may enable you to analyze properly the current trend of the real estate market. Only after a detailed analysis of current real estate news in Chennai, you would be well positioned to invest profitably in the city's burgeoning property market.

The present site will provide you with the latest Chennai property news and below you can see some reference to that effect.

Several Israeli real estate firms have shown their interest in the booming real estate property in Chennai. As a beginning of a new era, an investment to the tune of $135 million has been made by an Israeli firm Elbit Medical Imaging Ltd. in residential as well as commercial segment.

An IT SEZ is proposed by Tata Realty and Infrastructure Ltd (TRIL) in collaboration with Tamilnadu Industrial Development Corporation (TIDCO) in Taramani. It will house a five star hotel, an international convention center and service apartments.

India Infoline has entered into a collaboration with Indus group to promote projects for real estate development after acquiring an IT park in Chennai for around Rs 80 crore.

Beacon House located in upmarket Cenotaph Road and owned by NRI magnate C Sivasankaran is put up for sale at a price tag of Rs. 225-250 crore. The 3-acre sprawling property is a cynosure of all eyes and many big construction companies including the reputed names of DLF, HDFC Realty and Nitish Estates are vying one other to acquire it.

Another plot with an area of 3 acre is put up for sale in Anna Salai at a price of Rs. 270 Crore.

A 24 hour real estate TV channel, hailed as India's first dedicated real estate channel, is soon to start functioning in the city.