at Guindy, Chennai
Residential & Commercial Project
Starts from ₹ On Request*
DLF Guindy Project is a brilliant commercial center located approximately 4 miles south of Central Chennai and 6 miles northeast of the city. Guindy is an industrial suburb of Chennai, benefiting from excellent extensive shopping, travel links, leisure, and open green spaces. There are also plenty of local community and leisure centers including an extensive park, a healthcare center, the family center, the playground, recreation pool, and bowling alley in close vicinity.
Over the past decade, the Chennai real estate market has positively increased its performance and is now one of India's leading markets. The city is ranked second in terms of sales among India’s top cities and continues to enjoy the participation of international institutional players in both the demand and supply sides.
With this background, the unspecified challenge of the pandemic, which had shaken the market initially, now strengthens the market power. Given the shocking impact on market activity in the last quarter and the full impact of the closure, the whole year - 2020 saw a slowdown in sales over a decade. Just a few thousand units were sold in that year compared to more units sold a decade ago. There was nationwide closure in the pandemic era. These events had an impact on both the potential of the buyers and the feeling of buying a property, be it commercial or residential. But now buyers are showing interest in DLF Guindy Project.
The supply chain has also been improved as construction work has been resumed by labor and financial lenders. Influenced by the growth, real estate sales in Chennai have increased significantly compared to last year. The impact was expected to be reflected in half-year performance as well. Delivery also increased at an impressive rate in Chennai. Although fears of an ongoing yet receding pandemic remain widespread, the city has made significant improvements in retail performance over the past few months and this is reflected in quarterly numbers. City residential and commercial sales reached a 45% pre-pandemic level, with sales rated as positive of mid-quarter sales. Many factors have contributed to this development as the epidemic continues to keep economic activities in check.
As a direct result of epidemic-related incidents, there is improved consumer perception of bigger and better reality activities. Buyers are looking to invest in commercial centers. This, in fact, has helped senior realtors with community projects with a gateway. In addition, unlike other industries that experienced significant revenue disruption during the epidemic, the Information Technology sector, the main recruiting driver in Chennai, was better placed and more focused on jobs and revenue scales compared to its pre-pandemic level. This increases the resilience of the city real estate market in these uncertain times.
However, due to the basic market characteristics and improved sales performance, the city's inflation capability is maintained, with only a small or free price reduction of real estate value. The low interest rate of mortgages and affordable prices in the city has helped to revive demand even in times of epidemic. At the city level, estimated prices have dropped which is a good sign for investors. Few events have also recorded an estimated price increase over the past few months.