Lack of high quality office space is pushing up rentals in key business districts across the city . Rentals are up between 10% and 12% over the past two quarters, in prime locations like the Ramanujam IT Park, Ascendas and other prominent business destinations. Chennai’s real estate market attracts 4.5 and 5 million square feet… Read More »
The Confederation of Real Estate Developers’ Association of India (Credai) Chennai chapter has elected Isha Homes MD Suresh Krishn as its new president. He succeeds Ajit Kumar Chordia. The body has also elected W S Habib as president elect of Chennai chapter. He will succeed Krishn in 2018. S Sridharan and P V Sanmugam are the new… Read More »
The Chennai office space market, which has been seeing a stable demand of an average of 3.8 million to 4 million square feet a year, has seen a record demand of 5.2 million sq ft in 2015. With the demand expected to keep up the pace, lack of equivalent development in the supply side could… Read More »
