Top 10 Best Builders in Chennai who are expert in Real Estate Industry
Real Estate boom has raised the bar for the Best builders in Chennai. If you take an account of Top 10 builders list in Chennai, it keeps changing every decade. Few decades back, the top builders in Chennai like Appasamy, Alacrity and Arihant were very popular and some of the land mark buildings and projects in Chennai were constructed by these premium developers.
During the past decade, Akshaya and Jain Housing dominated the real estate market with many gated communities (societies) to their credit. Doshi is also very popular among budget home buyers with many projects completed on schedule. However, the best builders lose ground after few years given the nature of real estate business in Chennai. Promoting residential land and plots is more profitable and often changes the fortunes of the developer in Chennai. So finding the best developer for you home is tough task we have here to help you here is the list of best bulders in chennai READ THIS LIST ONE BY ONE FROM NUMBER 10
While Chennai saw many famous developers like DLF, Hiranandani and Unitech come up with ambitious large projects, they have failed to deliver and win the trust. DLF has been moderately successful though many of its customers still complain about the DLF Garden City project in OMR. In posh localities like Annanagar, Alwarpet and Poes garden, even smaller projects are more valuable than bigger projects in the suburbs of Chennai. Amarprakash, a relatively new developer is currently building 5000 flats and ready for possession by 2017. CREDAI has over 100 members from Chennai who are actively promoting new projects in many localities in Chennai.
Some of the big projects in Chennai are still developed by builders with pan India presence. Metrozone in Koyembedu is an example which is promoted by Ozone group (subsidiary of Anand Jain’s Jaicorp). Casa Grande is the largest villa developer in Chennai. However, Prestige Silver Springs and Olympia Panache' are currently the best villa projects in Chennai with Individual bungalows which costs 5 crore and upwards.
Akshya has many of their projects with 7 star ratings by CRISIL. Malles is another developer with projects rated by CRISIL with 5 stars. XS Real and Real Value are two developers who have got a good track record of timely completion and handover of projects. Radiance promoted by Varun Manian is another premium developer with interests in OMR and its surroundings. Bolleni Hillside developed by Bolleni has earned a good name for the iconic brand.
Baashyam is coming up with a high rise near Sholinganallur which makes it rank among top builders in Chennai. Ramaniyam is a popular brand and a renowned builder in Chennai with more than 100 projects to its credit. In Medavakkam Jayachandran nagar originally promoted by then famous textile shop is now a premium location. Any planned layouts inside city limits are still sold very quickly.
Ocean Interiors is promoting a project in radial road near Pallikaranai which is a CRISIL 7 star rated project. The project is priced high but demand is considerably high too owing to its location. Top Builders with projects in hot locations are staying afloat while those put money in remote locations are full of debt. True Value Homes (TVH) is another builder with many landmark buildings to its credit.
Om Shakthy is a pioneer in plot developments with high transparency in documentation and pricing. Ceebros is famous for its perfection in execution of plans without deviations and timely completion of projects. Navin’s and Natwest were doing small scale projects till 2008, but since then they have become very active with larger projects. Ruby developers with over 50 projects to its credit in Tambaram vicinity is now a proud owner on a cricket franchise in Tamil Nadu Premier League. Tata Housing is also active in Chennai with a project in Oragadam.
Arun Excello has earlier tied up with L&T for a real estate project and currently promoting a mega township in Oragadam. In Chennai, some big names in real estate are on the verge of bankruptcy with some of their mega townships not sold as expected resulting in huge losses owing to their debt.
Vijay Shanthi is one of the oldest builders in Chennai. Chettinad builders which promoted most of the reclaimed land in MRC nagar has many high rise buildings and counts many celebrities, rich and the famous among its customers. Chaitanya is also famous for its structures which boast attractive architecture. MRC Nagar is the only location in Chennai city limits with sea view apartments which open to the Bay of Bengal.
Color Homes, P dot G, Marutham are very active in the fast growing south Chennai with numerous small projects in Vandalur, Urapakkam and Guduvanchery. Very large gated communities have always played havoc to many thriving developers. For example, SSM residency promoted by SSM school management in Perungulathur is struggling to complete their 3000 house mega township.
In OMR, several thousand flats are available for sale and ready to occupy. In Thirumudivakkam, Amarprakash alone has about 2000 flats for sale. For buyers, the reputation of the developers is mostly equivalent to transparency in pricing and documentation and timely completion of project. For an updated Top builders list in Chennai, we are closely following the size of the projects, handover time, customer complaints, buildings quality, following regulations without any violations and home loan pre-approval for the projects by major banks like HDFC, SBI and LIC housing finance.
Reputed builders in Chennai like Ramaniyam have chosen to stay low with small projects. Without depending wholly on contractors, they have made sure the quality is still under their control. After the Moulivakkam building collapse (Prime Trust Heights) in 2014, customers are very prudent in choosing apartments to buy.
Contractors like NCC and L&T are roped in by Olympia for most of their projects while DLF’s Garden City in OMR was built by Shapoorji Pallonji group. While choosing to buy a flat, contractors who build the buildings are equally important as the reputation of the promoter. Commercial projects and IT parks by international companies like Ascendas, Mahindra, Pacifica, Shriram and DLF have opened up opportunities for constructing big business parks in Chennai.
The recent obsession with villa in Chennai has given rise to many villa projects which are quite far from the city. Most projects don’t even have a Chennai postal code but advertised as if it is inside the city limits. Premium in pricing of properties should go to land value and construction quality and not the type of property.
Real estate companies in Chennai have been able to cater to the demands of customers in terms of quality and expectations, but budget properties have always been compromised either through construction quality or property location. Customers should always think twice when they see property advertisements which feature incredible offers and deals.