Developers look for opportunities in south and west chennai markets

Developers are looking for opportunities in the South and West Chennai markets.

The capital city of the Indian state of Tamil Nadu is one of the steadiest in the country, says Knight Frank, with sales volumes and prices remaining stable even during tough times.

Now, new infrastructure projects are beginning, including the building of the Outer Ring Road and Chennai Metro Rail. These are expected to invigorate the housing market. With no vacant land in the north, though, builders are looking to the south and west for opportunities, with growth corridors set to develop along the ORR in Kuthambakkam, Chembarambakkam and Poonamallee and, along the metro rail, in Vadapalani, Ashok Nagar and Alandur.