CHENNAI PRESS NEWS

Chennai, October 4, 2024: Habitat for Humanity’s Terwilliger Center for Innovation joined hands with Startup TN and Kerala Startup Mission for the launch of the M-Sand Innovation Challenge 2024. Officially announced at a sector event, the initiative aims to transform the landscape of affordable housing in India through the support and scaling of solutions that can increase supply and improve distribution channels of manufactured sand, or M-sand, as a sustainable and accessible alternative to river sand. M-Sand Innovation Challenge 2024 award winners The initiative seeks to address challenges stemming from India’s construction boom, which in turn generated a skyrocketing demand for sand, one of the sector’s cornerstones. For instance, India is the world's second-largest producer of cement, requiring huge amounts of sand. This has fueled an illegal industry of river sand mining which, for years, have caused major environmental damage to the county’s rivers. Press meet Youtube Video...

Residential sales in the mid segment category occupied 43% of total sales in the city Chennai, October 03, 2024 :  Knight Frank India,  in their latest report  – India Real Estate: Residential and Office Q3 2024 (July - September 2024)  cited that Chennai observed office space transactions of 2.6 mn sq ft during Q3 2024. The city witnessed a 35% increment in the transaction volume when compared to previous year.The average transacted  rent of the city grew by 10% YoY  to  INR 69/ sq ft/month  during the quarter. Chennai recorded the highest office leasing activities from GCCs and Third Party IT Services at 1.0 mn sq ft respectively during Q3 2024 and constituted 38% of the total office space transactions each in the city, followed by India Facing Business and Flex at 15% and 9% respectively. The residential market  of Chennai witnessed a total of residential sales volume of 4,105 units with a YoY growth of 6%. The city witnessed 4,273 units ...