Realty Snapshots
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REALTY SNAPSHOTS CHENNAI RESIDENTIAL: TOP MICRO MARKETS FY’16 Key Insights South and South-West micro-markets have been the top performers in the city on the basis of absorption and launches, accounting for nearly 63% of the total sales and 52% of the total launches in the city during FY’16 Perumbakkam, Guindy, Tambaram and Karapakkam have emerged as the top performing localities due to consistently high absorption and low inventory overhang West micro market has been the top performer in terms of annual price appreciation followed by Central and South-West micro markets Madambakkam, in the South-West micro market, is poised for higher growth in short to medium term with relatively afford- able average price of around Rs. 4,000 per sq.ft., low inventory overhang of 20 months and a high livability score of 90 Pallavaram-Tambaram belt, in South-West Chennai, continues to gain prominence in terms of residential demand, due to its proximity to both Old Mahabalipuram Road (OMR) and Grand Southern Trunk Road (GST) Alandur and Guindy have emerged as the most promising locations with low inventory overhang levels of 10 months and 6 months respectively; Proximity to IT/ITeS hubs, improved connectivity and upcoming commercial developments have been key factors for the same Eight out of the top 15 localities in Chennai belong to the South Chennai micro-market, owing to their proximity to the major IT/ITeS hubs situated along OMR and GST; The employees working in and around the employment hubs situated in the vicinity of OMR and GST have been the major contributors to the residential demand in the region Chennai Metro is likely to have a positive impact on the performance of localities in OMR, which includes Perumbakkam, Sholinganallur, Navallur and Karapakkam Page 01 REALTY SNAPSHOTS Chennai Fa t File Major Manufacturing Hubs Popularly known as the Prominent manufacturing sectors include Auto & Auto-ancillary, Electronics Hardware, Leather & Textile Chennai has a major chunk of India’s automobile manufacturing industry, with an annual installed capacity to produce 12.8 lakh cars and 3.5 lakh commercial vehicles. The city accounts for ~60% of India’s automotive exports Key players include Ford, Hyundai, Daimler, Renault-Nissan, BMW and Mitsubishi Also, comprises over 350 large auto component manufacturers accounting for ~35% of India’s auto component production Hitech SEZ in Sriperumbudur Industrial Park, spread over 571 acres, is host to a Population (million) 8.6 number of electronics hardware manu- facturing firms. Major players include Male (million) 4.36 Samsung, Foxconn, TESSOLVE, Flextronics, Motorola, SPEL Semicon- Female (million) 4.29 ductors, Dell Computers, Jabil, Salcomp Sex Ratio (per ‘000) 985 Leather and Textile industry has its base in the Footwear SEZ in Sriperumbudur Average Literacy (%) 90.2 Page 02 REALTY SNAPSHOTS Micro Markets Rankings Absorption Page 03 REALTY SNAPSHOTS Top - 15 Localities Anna Nagar 10 50 | 11,177 | 92 KK Nagar 12 17 | 10,133 | 94 5 Alandur Guindy 10 | 7,453 | 91 2 6 | 8,349 | 87 Kolapakkam 15 27 | 4,333 | 83 Perungudi 9 40 | 7,289 | 87 Velachery 13 28 | 7,659 | 91 Chromepet 14 38 | 4,915 | 89 Pallikaranai 11 35 | 5,408 | 88 Tambaram 3 30 | 4,238 | 84 Karapakkam 4 22 | 5,272 | 79 Sholinganallur Madambakkam 8 42 | 5,005 | 78 6 20 | 4,066 | 90 Perumbakkam Navallur 1 25 | 3,836 | 80 7 48 | 4,196 | 72 R Locality Inventory Overhang (Months) | Wt. Avg. Absorption Price (Rs./sq.ft.) – Mar’16 | Livability Score Rank Overall locality ranking is based on the weighted average of four parameters for each locality: Absorption, Launches, Inventory Overhang and Livability Score in accordance with their positive/negative correlation with the overall health of the locality. Note: Period of analysis Apr’15 - Mar’16 Page 04 REALTY SNAPSHOTS Alandur, Injambakkam, Kalpakkam, Karapakkam, Kelambakkam, Kovilambakkam, Madipakkam, Page 05 REALTY SNAPSHOTS CONTACT PROPTIGER FOR REAL ESTATE INSIGHTS: Detailed analysis of micro markets | Market intelligence report | Micro market surveys | Price sensitivity analysis | City dashboards and trends | Demand assessment ANURAG JHANWAR, MRICS SUNIL MISHRA Head – Consulting and Data Insights Chief Business Officer - Primary Business & Developer Solutions [email protected] [email protected] +91 - 99678 49666 +91 - 90044 40011 DISCLAIMER All data, figures, information provided hereto are provided and/or collated by Proptiger.com and that any of its representatives, officers, employees or affiliates makes no representations or warranties as to the accuracy or completeness of any information furnished hereto. This report has been prepared by Proptiger Data Labs solely for information purposes. 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