Bala Ramajayam, Founder and Managing Director of G Square Group, believes that perception no longer reflects reality. “North Chennai has already developed. The infrastructure, connectivity and economic activity are in place, but public perception has not caught up,” he says.
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As investors and developers begin to recognise the shift, confidence in the region is growing. To capitalise this, G Square plans to bring 14 new projects to north Chennai by 2030, with an investment of almost Rs 1000 crores specifically for north chennai. As part of this the company started with G Square Kshetra, a plotted development at Karanodai near Red Hills. Bala sees the Red Hills–Karanodai belt as one of north Chennai’s key growth corridors. With access to the Chennai-Kolkata highway, outer ring road, upcoming peripheral ring road and metro connectivity, the region is emerging as a strategic hub. It already hosts major industrial clusters, logistics parks, SIPCOT parks and in proximity to Sri City. Unlike OMR, whose growth was driven by the IT sector, north Chennai’s expansion is anchored in manufacturing, logistics, trade and industrial activity. With established employment hubs and strong economic fundamentals already in place, the region offers a foundation for growth that many emerging corridors are still working to create. “North Chennai will become an OMR or beyond OMR,” stresses Bala.
The next growth corridor
Sanjay Chugh, Director and City Head, Anarock Property Consultants, believes this positions north Chennai as the next major growth corridor. There is significant improvement in connectivity, land availability and job opportunities. “Over the next decade, we expect North Chennai to attract substantial real estate investment across residential, industrial and commercial asset classes,” he points out.
For long, social infrastructure was placed as a concern, but Bala argues that this perception no longer reflects reality. “Institutions such as Velammal and Engineering colleges like RMK helps in creating educational and healthcare ecosystem,” highlights Bala. Combined with improving connectivity and growing economic activity, there is a gradual change in how north Chennai is perceived by homebuyers and investors.
Affordability Advantage
Affordability remains another factor working in favour. While several southern suburbs have witnessed substantial price increase over the past two decades, many northern locations continue to offer comparatively lower entry points. For buyers, this offers an opportunity to enter a high-growth corridor before it fully matures. North Chennai is emerging as a compelling investment destination. For investors and homebuyers alike, the region is no longer a market to watch from the sidelines but a growth story that is steadily unfolding.