Ad Here  
Technologists to rescue When Chennai became Venice Building highs and lows Murugappas-focus on consolidation Tamil Nadu Premier League launched Reality Check He made Ranganathan Street so crowded... Keep in touch, anytime anywhere Chevrolet Sail U-VA Launched Technology handshakes with sanitation Aviation sector to grow three times... Thrills for the holiday season Chennai to Bengaluru as quick as pizza delivery Realty bytes A praiseworthy peer recognition Self-sufficiency in dredging... Engineering colleges lose lustre Indian of the Year The sweet tooth of the city Chennai airport to become solar-powered Need for an integrated approach to medicine Ennore Port excels Metro chugs through the city SGRI – a global research centre for building materials Arnold visits Chennai Perplexing communications Mexico opens Consulate in Chennai Frontier Mediville attracts Japanese investments A new technique to treat dry sewage 60 years of cultural and economic ties Must visit of 2014 The sweet killer Vanakkam Chennaiyin FC How to roast 45 human beings alive City Corner - Chennai Metro mania This dabba has a cure for all your ailments Two friends trigger a change Presto! Bravo! Indian media-operators of democracy The 20-year itch of Hindujas ends Water woes Pocket Therapist finds mention in Forbes City Corner Chennai gets its Imax When the crowd will miss the roar Sathyabhamasat propels ahead Green energy, not really green? 377 yet young Nilam threatens the city From trash land to tourist spot An industry institution link… Raj Bhavan opened the gates for public The sunshine and the shadow side of this digital era CMRL takes off till airport Medical miracle! Read before you buy... Safe Trac-keeps track on your safety Chennai soon to get an Aerospace Park Black outs will be knocked out India’s first online-only bicycle brand Boozing and driving City Corner Yes, you are safe! Force Motors’ two new SUVs Paranjoy on crony capitalism North Chennai booms City Corner-June Working space for women by woman Doing business is not so easy in Chennai Google street view’s India competitor Hey Chitti! please take my order TTV stumps all Prithika Yashini takes charge... Overflowing garbage Meters return to the metro I know nothing else but cinema... When Marina became the Tahrir Square Chennai, the noisiest city Water wars begin Online approval of layout plans Colourful welcome at the Saidapet station Star studded city Chennai Silks in flames Metro chugs the green way Bewailing monsoons the new fad The curious case of Evgenii Berdnikov Yamaha in the news Is Chennai now the accident capital? Know the start-ups in the city India’s first 3D Museum A sweet marketing splash by Pattappas Coimbatore backs up for Chennai Education a cause of concern Missing, but not missing the top spot K7’s Entrepreneurial Odyssey Car-free Bessy A budget that butted into deficit Million landmark and Rs. 200 crore influx by Yamaha Chennai teachers rank low Outlays and outcome – the long gap Planning the right energy Cricket comes calling to Chennai It is not only your noodle... Chennai Metro looking for revival The underground don zips through A skinny affair Apollo targets a third of CV tyre market The auto gets a remake Tambaram tracks…. Book your water tanker It’s so cool! Maruti Suzuki wins NIQR award Kollywood’s Mahabharatha Hawker’s paradise gets a permanent place International conference on saving energy, environment State VAT leads to inflation: a study A feast for book worms Talk your way and land in a job Chennaites lose 7 crore to debit card frauds The worst is yet to come
Realty bytes

Planning to buy or rent a home in Chennai? A recent study by a web-based financial company Artha Yantra Corporation will come in handy. The report states that Chennai will be the third most expensive city in the country.  The survey of 12 cities found that the prices of residential properties as well as rent per square feet have risen in Chennai. Compared to last year, residential property prices shot up by 9 per cent and rents rose by 3.1 per cent. Kolathur, Medavakkam and Perambur are the most affordable localities for renting a house.  The most expensive locations for buying or renting houses are Adyar, Chetpet, Egmore, Kilpauk and Nungambakkam. The report estimates that it will take 5.8 years of savings for a middle-class family in Chennai (Rs 8 lakh to Rs 25 lakh) to generate the corpus for an initial down payment, assuming a savings rate of 10 per cent.With the demonetisation in effect, property prices are expected to crash but rentals are still seen to be on an increasing trend.

Author :
Reported On :
Sector :
Shoulder :
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236