BackExpanding residential footprint
Demand for residential real estate in Chennai's Rajiv Gandhi Salai Non-Prime micro-market is driven to a significant extent by investors
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Crisil Research includes locations such as Navallur, Siruseri and Keelambakkam in Chennai’s Rajiv Gandhi Salai Non-Prime micro-market. This area has evolved into an information technology (IT)/IT-enabled services hub over the years. Kelambakkam, which is located at the southern end of this micro-market, accounts for the maximum planned supply here. Real estate development in Keelambakaam has been driven by proximity to the Sipcot IT Park. Although, this micro-market is well-connected to the city through the Rajiv Gandhi Salai, and the GST roads (via the Vandalur-Kelambakkam road), it faces a shortage of social infrastructure and power across many locations. Demand for residential real estate here is driven to a significant extent by investors, and which is likely to remain high.
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