Chennai real estate has been marred by unscrupulous deals and poor work ethics pulling down the trust of buyers. Fearing delay in project delivery, most homebuyers today want to play safe by going for ready-to-move-in homes. That’s where the credibility of a developer, it's track record of timely project delivery, commitment to quality and clarity in dealings plays a pivotal role. While the Chennai real estate recovers from the side-effects of demonetisation, we have put together a list, in collaboration with Liases Foras, of Chennai’s top six trusted property developers.
True to their motto of ‘Quality, Trust, Competence’ they are known for their speedy construction, right pricing and timely delivery. With projects in some of the most sought after localities such as MRC Nagar, Poes Garden and Boat Club, they are known for their supreme quality of construction.
2. Casa Grande
Started in 2004, they have built over 6 million sq.ft spread across 68 projects. Present in both luxury and affordable segments the firm is known for its simple yet high-quality designs. With nearly 4000 units in the last 2 years, they have launched some of the best-selling apartments along the metro corridor.
3. Mahindra Lifespaces
Not just quality homes, they have transformed landscapes in far-flung areas in the city and created sustainable communities. Their integrated business town ‘Mahindra World City’ spread over 1,550 acres houses big firms such as Infosys, Wipro and BMW, hospitals, retail outlets and apartment complexes at affordable prices making the concept of walk-to-work a reality.
Started by some of the city’s biggest business groups including Khivraj, Olympia has made its mark in residential, commercial and industrial sectors. They are also one of the first in Chennai to receive ‘LEEDS Gold-Rated Green Building Rating’, a certification of sustainable eco-friendly building practices.
Headed by a former civic official, they give utmost importance to planning – from stormwater drains to rainwater harvesting systems, they take care of big-small detail. One of the first in Chennai to sell by carpet area, they have projects that span across the city including the suburbs including Perungudi, Porur and Medavakkam.
6. Appaswamy Real Estates
Started in the late 50s, they are one of the pioneers in introducing the apartment culture in Chennai. With nearly 400 units launched in the last 2 years, they have a total consumer base of over 10,000 in projects in the suburbs and heart of the city.
Edited by Neetika Bajaj, Assistant Editor, NDTV