As we end the year 2016 and begin our journey in 2017 we would like to share some interesting data points which would help the home buyers in Chennai. Our Data sciences team trawled through the millions of searches which were made on RoofandFloor in 2016 by home buyers. Based on these searches we have been able to extract the top searched localities in Chennai and believe that these areas would continue to be hot in terms of homebuyer interest in 2017 also.
The list of top localities in Chennai are:
1. Medavakkam – This location is a fast developing residential locality due to its close proximity to the IT corridor OMR (~ 4 km from Sholinganallur) and SEZ in Medavakkam on Sholinganallur Road. This top locality in Chennai ends up with a search share of 4.24% in 2016 and we believe that this trend will continue in 2017 also.
2. Chromepet – Chromepet in South Chennai turns out to be the second most searched locality in Chennai market with a search share of 4%. Chromepet has great connectivity due to which it is a preferred area for many home buyers.
3. Tambaram – This location is close to Chrompet is preferred by home buyers because of it is well connected by railway and it is one of the busiest stations. Tambaram has a search share of 3.49% amongst all the localities on RoofandFloor.
4. Kolathur – Kolathur located in northern part of Chennai is well connected via the Inner Ring Road. It has a search share of 3.48%.
5. Porur – Porur is one of the fast-developing suburbs which retains its old world charm. Porur stands at 5th position with a search share of 3.25%.
6. Ambattur – It is a neighbourhood of Northern Chennai which has transformed from an industrial area to now house several IT companies. Ambattur has a search share of 3.17 % on our platform.
7. Guduvanchery – Guduvanchery is a town located on NH-45 attracting a lot of home buyers to the property is available at reasonable prices. This has attracted a search share of 2.98% on our platform.
8. Poonamallee – It is located in the western region of Chennai has good social infrastructure making it a preferred choice for family buyers. Poonamallee has attracted a search share of 2.86%.
9. Madipakkam – Madipakkam which has been recently added to the Chennai Corporation limits had a share of 2.71%.
10. Selaiyur – Selaiyur is a suburb near Tambaram had a search share of 2.37%.
Apart from these areas, there are many other areas like Pallavaram, Avadi, Perumbakkam, and Urapakkam which do have a significant share in search on our platform (> 2%). At RoofandFloor we believe that this trend will continue in 2017 thus we are predicting that these areas will remain the top localities where home buyers will continue to look for their dream homes.