RE enthusiast. Updates about the Chennai real estate market coupled with time to time updates on the office, residential and retail market #InvestinTN #Chennai
Chennai
Joined February 2024
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Chennai’s growth as a business and cultural hub is rapid, but the city’s current airport is nearing its capacity limits and is rundown.
A second airport in Parandur isn’t just an infrastructure upgrade – it’s a necessity to meet rising passenger demand and cargo traffic. Also, a city like Chennai NEEDS and DESERVES such a modern development.
With Parandur, the new airport would reduce congestion, cut travel times, and create more international and domestic flight options. It would also drive regional development, attracting investment and generating jobs, positioning Chennai as a top destination for global business and tourism.
Both Hyderabad and Bangalore have benefited immensely from their new airports, which boosted their connectivity and spurred economic growth. Hyderabad’s Rajiv Gandhi International Airport and Bangalore’s Kempegowda International Airport have become regional hubs, attracting global businesses and tourism, and reducing congestion in the city centers. A new airport in Parandur could do the same for Chennai, positioning it as a competitive, globally accessible destination.
#Chennai #ParandurAirport #EconomicGrowth
Chennai RE Updates retweeted
Contrary to reports, Chennai has not hit 100 mn sft Grade A office space. It is at the lowest among all metros at 88 mn sft of Grade A stock while only all grades of offices have touched 100 mn sft.
All grades include rundown legacy buildings (25+ years old)
Contrary to reports, Chennai has not hit 100 mn sft Grade A office space. It is at the lowest among all metros at 88 mn sft of Grade A stock while only all grades of offices have touched 100 mn sft.
All grades include rundown legacy buildings (25+ years old)
Chennai RE Updates retweeted
Traffic is getting worse day by day in Chennai. No rules & regulations being followed. Random shops & encroachments coming up everywhere. Wrong side driving. @ChennaiTraffic @CMOTamilnadu @chennaicorp
Why would a developer even do this? Why is prestige bearish on such a prime property in Chennai?
Is it because of the chain of " low spending culture ---> less premium brands ---> lower premium rentals ---> conservative approach by developer " ???
Chennai RE Updates retweeted
We have upgraded the way you travel! 💛
With 11 brand-new elevated stations on the Yellow Line, your daily journey is now designed to be safer, smarter, quicker, and faster! 🚇
Swipe ➡️ to discover the upgraded features waiting for you.
Let’s move together!
#ChennaiMetro #YellowLine #CMRL #SeamlessJourney #ChennaiIIT
CMRL network will cross 92.98 KMs with the takeover of MRTS soon.
Upgradation of the same within 2 years will be in line with opening of other key Phase 2 stretches, promising significant Urban mobility options for the people of Chennai offering safe, comfortable and dignified travel options.
Metro Phase 2 flagged off with Yellow Line commencing operations from Poonamallee to Vadapalani
Biggest ever infra operationalised after 11 years of Metro Phase 1. This is going to redefine Urban mobility for the city
However, basic pedestrian facilities are abysmal making our city look dystopian
Chennai MTC vs Singapore bus network :
• Chennai: ~4,100 buses, ~300 buses/million, ~0.26 daily trips/person
• Singapore: ~6,000 buses, ~970 buses/million, ~0.62 daily trips/person
Singapore has ~3× the bus supply per capita & more than double the ridership intensity.
MTC must award ongoing tenders at the earliest, scale fleet + frequency, add bus priority and prioritise AC buses. Comfort + quantity + speed are all needed to cut congestion with new metro lines opening
@MtcChennai @CumtaOfficial
Chennai RE Updates retweeted
Was visiting a friend in Porur Katupakkam. Visiting the place after a decade. While the road has been broadened, the whole stretch has a whole lot of retail options now including almost all major car dealerships, the basics of a pavement, again eludes the Chennai corp.
The cost of the metro from porur to Poonamallee is approx ₹350 crores per KM.
Cost of laying a pavement and a cycle track (and this entire 5 km stretch till the Vadapalani junction is broad enough to accommodate a pavement + cycle track) is 4.5 cr / km combined.
We can fund a metro easy but basic garbage clearance, pavements is apparently beyond us.
The entire stretch from Katupakkam till the Vadapalani junction has working pavements only outside MGR hospital. That's maybe 1 km in a 10 km stretch. The rest is just dusty side roads.
This is not a tier 2 or 3 town, this is not even some distant far flung suburb.
This is Ambattur industrial estate, it generates employment for 200,000 people. Has an annual turn over of ₹ 15,000 crore of which ₹ 3,500 cr is exports.
It generates income taxes, CGST, SGST, excise and duties. It's support ecosystem (truckers, cleaners, security staff etc) must run into the 10's of thousands.
It's also an emerging residential real estate hub. The avg per sq in a newer condo is ₹7,500 / 8,000.
Yet it looks like a war torn dystopia. Has ZERO pavements though 10's of thousands of workers walk from railway stations / bus stops to their factori s and back.
Large parts of it lack functioning street lights.
Filthy open sewers, even spotted a few fat pigs in them, cattle, stray dogs, dust everywhere, garbage garbage garbage as far as the eye can see.
It is a dream to see projects reach 4.875 FSI in Chennai while Mumbai, Hyderabad and now Amaravati and Vizag breach 7-8 without efforts
FSI increase is a desperate need for our city @CMOTamilnadu @TVKVijayHQ
This is a good infographic on the interchange facility in Vadapalani between existing and upcoming metro station.
Source : Lakshmanan on skyscrapercity
It is a scam to compare Delhi NCR ; combining 3 cities, against Chennai and Mumbai. Split it open and the gap will be so wide that Chennai will be in the top 3!!
The 3 South Indian Cities - HYDERABAD,BENGALURU, & CHENNAI together Accounts for 76% of GCC Office Space Leasing in the Country!!!!
Pune & Gurgaon Holding the Remaining Margin Majorly
With COIMBATORE rising up as well, How well GCC's has Changed the Dynamics of Economic Activity Across the Country
PC : @HydREGuide
ANSR is the GCC enabler for Starbucks in Chennai. The firm will be setting up the GCC at Intellion Park, Chennai campus across 100,000 sft
HD Supply has expanded their GCC in Chennai in less than a year.
The US based retailer has inaugurated their 25,000 sft office at Casagrand Ecotech Park, tripling their portfolio in such a short time!! Shows strong, deep rooted growth and confidence for GCCs on the city
Chennai RE Updates retweeted
Reiterating my earlier request to the government.
This is Guindy Industrial Estate (current status in 2) and how it can be revitalised by redevelopment of pedestrian friendly works and better roads to make it a worldclass business district. While it is going to take 3 to 5 years to see any change in FSI norms (if and when it comes)to yield results, we can improve existing urban infra to pull in GCCs showcasing world class office business districts.
Start here @CMOTamilnadu !! This is a small micro-market and can be taken up easily. Companies want to be located here! This will yield significant results to showcase the Singapore-esque development spoken by you!
@TVKVijayHQ @AadhavArjuna @CMDA_Official
We were one of the last metro cities to get a Starbucks retail outlet. Years later, we are the first city in the country to host Starbucks' GCC. Big big moment for the entire city!!
@CMOTamilnadu @Keerthana4VNR More of this please.
As for those curious, yes - this GCC is poised to be setup in OMR in a very very familiar Tech Park 😊
