siliconindia | | March 20214Compared to other metro cities, Chennai real estate market has fared impressively well during the pandemic. Be it the increasing orientation towards homeownership or the rising popularity of co-living and co-working, the city's real estate market has contributed profusely to the overall south Indian real estate market. If we look at the figures from December 2020 quarter, it shows residential sales getting back on its feet and improving by 59 per cent. At the same time, the new launches went up by 94 per cent in the quarter. Such rebound is phenomenal given the impact the pandemic has had on the real estate sector across the country. According to a review done by Anarock Property Consultants, housing sales in the Chennai realty market in 2020 were around 6,740 units against 11,820 units in 2019, a 43 per cent fall. Chennai has lately witnessed a significant increment in the demand for ready to move-in homes and nominal housing as a result of which the real estate developers have been planning new projects considering these needs of the customers. The second area of growth has been the co-working space wherein the city has positioned itself at the center. The city is leading this trend and a testimony to the fact is a study showing five times increase in co-working space proliferation from 2017 to 2018, which has been rising year over year. Comparing the northern and southern part of the city, while the northern part is witnessing aggressive industrial growth focusing on maritime and trading, the southern half is brimming with commercial activity and is seeing a thriving residential market as well. In this issue, we present to you a list of 10 Most Promising Real Estate Developers in Chennai that have managed to stay ahead of the curve and are going from strength to strength in meeting the varied needs of the customer. We look forward to your feedback.Sudhakar SinghEditoreditor@siliconindia.comAn Exceptional Rebound Vol 09 · Issue 08 - 02 · March 03, 2021 Publisher Alok Chaturvedi Editor Sudhakar Singh Editorial Team Aveek Pal Chaudhuri Avinash Roy Mandvi Singh Rohan A T Komal Banchhor Abantika Bhattacharjee VP - Sales & Marketing Virupakshi Pattar Advertising Managers Editorial queries editor@siliconindia.com To subscribe Visit https://www.siliconindia.com/subscribe/ or send email to subscription@siliconindia.com Cover price is Rs.150 per issue. Printed and Published By Alok Chaturvedi on behalf of SiliconMedia Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017. Editor Alok ChaturvediCopyright © 2021 SiliconMedia Technologies Pvt Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.advertise@siliconindia.comVisualisers S Sivasankar Mohana Krishnan ManjunathGroup Art DirectorAshok KumarNoidaAshu Sethi Garima Anand Shivam AgarwalCirculation Manager Magendran Perumal Ashwini D Naik Indranil Chakraborthy Sanjana Mohanty Shivam AgarwalCorrespondentsSigma Mohanty Subhadarshani MohantyEditorial | | MAY 202035
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