North Chennai Emerges as India’s New Real Estate Growth Corridor

North Chennai is fast becoming one of the most promising real estate investment hotspots in Tamil Nadu, with leading developers and infrastructure investors turning their attention to the city’s northern corridor.

Long considered an industrial stronghold, the region is undergoing a strategic transformation, making way for residential plotted developments, affordable housing, and smart city planning.

According to industry experts, Chennai’s real estate market — alongside Hyderabad and Bengaluru — is at the forefront of India’s plotted development boom.

The surge in interest is being driven by long-term government infrastructure planning, improved connectivity, and a wave of end-user demand for affordable and build-ready land parcels.

“Chennai, Hyderabad, and Bengaluru lead in plotted development when compared to the rest of India,” said Ranjeeth Rathod, executive committee member of CREDAI-Chennai. “These plots are being created in all futuristic locations where government infrastructure is planned and investments are set to grow.”

G Square Realtors, a prominent real estate developer, has invested approximately ₹230 crore to acquire 62.38 acres across Red Hills, Puzhal, and Karanodai.

The project will deliver over 1,000 villa plots ready for construction, directly targeting the rising demand for customisable, ready-to-build homes in Chennai.

This development aligns with major infrastructure upgrades in the region, including:

• Chennai Outer Ring Road

• Chennai Peripheral Ring Road

• Fintech City at Madhavaram

• Metro Rail expansions and upgraded arterial roads

“North Chennai is poised to become a real estate powerhouse if supported by employment-generating white-collar industries,” noted Abdul Rahman, national south zone head of CREDAI.

The shift from South Chennai to North Chennai signals a changing trend in buyer behaviour. While areas like GST Road remain sought-after, North Chennai’s affordability, land availability, and connectivity enhancements are attracting new-age buyers, including government employees, school teacher collectives, and community associations looking to build residential enclaves with lifestyle amenities.

Key Real Estate Takeaways:

• North Chennai real estate growth is being led by plotted developments.

• Investor interest in Chennai’s affordable housing and villa plots is rising sharply.

• Tamil Nadu infrastructure projects are driving long-term capital appreciation.

• Chennai property market trends are expanding beyond traditional zones.

• Red Hills, Puzhal, and Karanodai are emerging as investment-worthy micro-markets.

• Real estate developers in India are increasingly focusing on customised residential communities.

  
  

What This Means for the Industry:

For developers, North Chennai represents a ground-floor opportunity to enter a growing market with long-term infrastructure backing.

For buyers, it provides access to affordable land in Chennai within proximity to job zones and proposed smart city projects. And for investors, the area promises high return potential on real estate investment in Chennai over the next decade.

As always, Real Estate Today India will continue to monitor and report on these transformative shifts shaping the future of Indian real estate.