Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting to read:%0A%0A {0} %0A%0A {1}

Emergence of Chengalpattu as a Satellite Town to Chennai

Shweta k • 14/07/2021

From being an edge city, to an attractive residential hotspot

Southern Chennai’s fastest-growing town, Chengalpattu, flourished significantly when it emerged as a preferred location for Mahindra Group’s first World City in India, catering to IT/ITES and Manufacturing industries. With Office and Residential markets expanding towards South and Southwest of Chennai, the residential micro-markets along -Grand Southern Trunk (GST) corridor - Guduvanchery, Urappakam, Perungulathur, Singaperumal Koil, Maraimalai Nagar, and Chengalpattu have witnessed significant  interest from buyers and investors.

Besides, the growing housing demand and skyrocketing rates inside the city limits have forced homebuyers to explore new residential avenues. As a result, affordable housing along the GST corridor started to trend as one of the key demand drivers in the micro-markets, outstripping factors such as - good connectivity, prominent infrastructure, among others. Residential pricing across micro-markets in the GST Corridor have witnessed a steady growth irrespective of the pandemic, reflecting a prolific capital appreciation over the years.

Mahindra World City (MWC), being a self-sustaining city within Chengalpattu district has made its mark with several distinguished residential projects catering to a wide consumer segment. With the advantage of manufacturing and IT industries generating employment and investment opportunities, Mahindra World City has an upper hand for comparatively higher Capital Value appreciation and rental yield among other micro-markets in the proximity.

In this report, we delve into how Chengalpattu has evolved as a Satellite town over the years, post the establishment of Mahindra World City. How the post-pandemic era is likely to witness a multitude of changes across the residential markets – concerning shift in preferences towards Integrated townships and Affordable housing.

Read the Report.

Are you looking for a property in Chennai?
Properties for Sale Properties for Lease

Related insights

card image

The Manufacturing Sector Growth Story of India

Explore and unveil the Growth Story of India's Manufacturing Sector
Rethinking the office sector
Research • Workplace

Rethinking the office sector in Asia Pacific

Our report takes a deeper dive into the underlying dynamics and drivers across The APAC region’s major markets and provides a roadmap for asset optimisation.
Dominic Brown • 21/06/2023
Podcast: Logistics & Industrial in India (image)

Podcast: Logistics & Industrial in India

With international business looking seriously at India to take advantage of the world's second largest population - India is a complex and fascinating part of the world, for both investors and occupiers alike.
Rob Hall • 16/10/2020

Related Stories

handshake (image)
Hines - Goel Ganga Corporation • IT/Commercial Development
Learn More
Cushman & Wakefield
Title • Technology
Learn More
Cushman & Wakefield
Title • Technology
Learn More


Get in touch with one of our professionals.
With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Privacy & Cookies.
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All