Villa for Rent in Seetha Nagar, Nungambakkam, Chennai

We list five of the posh areas in Chennai and discuss the availability of properties here, along with the rates and monthly rental in these locations

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

Green Line metro in Chennai was inaugurated on 29 June 2015.

Chennai was founded on the August 22, 1639, when a deal on a small patch of land (now Fort St.George) was struck between the East India Company and the local Nayak rulers

Choolaimedu is one of the classy localities in Chennai. Being one of the oldest residential areas of the city, it is well planned and has a cosmopolitan population. The locality is very well connected to all the parts of Chennai

Residential plots, independent houses, apartments and villas are the common types of properties available for investment in Chennai.

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