Johitha S Ville

Chennai's status as an IT and industrial hub has spurred employment opportunities which has trickled in housing demand from both local and migrant professionals. In recent years, the city's expansion into its suburban areas has fueled the residential real estate activity in these regions.

Located in the southern IT corridor just five minutes from Guindy, Casagrand Majestica will offer over 90 amenities.

The RERA-registered project is likely to be handed over in 21 months.

Property demand in Chennai grew 8 per cent YoY in 2022, reaching 90 per cent closer to the pre-pandemic levels of 2019. Demand was concentrated in localities such as Medavakkam, Sholinganallur, and Mogappair.

Registered under the Tamil Nadu RERA, the project is likely to be delivered in the next 24 months

Besides offering several advantages over ownership of property, a robust rental market can also help the government’s ‘Housing for All’ mission. We examine this from the perspective of Chennai’s residential rental market and look at the rental hotspots in the city

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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 project spans 6.4 acre, offering 394 units of 2 and 3BHK apartment with over 80 lifestyle amenities.

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