Mahavilvam in chennai4/28/2023 ![]() ![]() Read more he total share of demand and 34% of the total supply forms 34% of the real estate scene. The affordable segment falls under the range of 5,000 per sq ft or below, forming 33% of t. In the demand as well as supply aspect, houses that fall between Rs.5000 – Rs.10,000 per sq ft are more in demand than the affordable segment, signifying that the buyers for villas in Chennai go for the mid-segment and premium kind of properties other than the affordable range of housing. Also, the localities are well connected to beaches and this aspect gives it an edge over the others. The increase in the demand for housing is particularly in areas near the coast such as OMR and ECR due to them being the best IT corridors and hubs of employment. A Pillared Vasantha Mandapam is an added feature here. Further, the rate of villas in Chennai on average has seen an increase of 1.6%. The Sthala Viruksham of this Temple is a Maha Vilvam Tree which has immense medicinal properties. According to the PropIndex by Magicbricks in the second quarter of 2022, Chennai’s housing segment has observed a growth of 13 % in terms of demand while the supply side has grown by 5.1% in the same duration. ![]()
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