Analytical Study on the Growth of Real Estate as Business through Decades to Influence Urbanisation and Economy of the State Tamil Nadu


Authors : M. Nakulan; R. Nikhilan; P.Deepalakshmi; S.Nirmaladevi; Santhana Lakshmi.V; Dr. D. P. Sivasakthi Balan

Volume/Issue : Volume 10 - 2025, Issue 7 - July


Google Scholar : https://tinyurl.com/2y45fnrr

DOI : https://doi.org/10.38124/ijisrt/25jul497

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Abstract : This research is to primarily study the economic status and the variation of economy of Chennai over years. Mapping this variation enables to study the growth of the city with respect to years and observes phases of apparent development in the context of economic growth, and associate the results with factors that contribute to the valuation of a land’s economy, specificto the field of real estates. Statistical data are obtained retrieved from official government archives through web portals, and surveys were carried forward to acknowledge people’s awareness and priorities in evaluating a land property.

Keywords : Real Estate, Economy, Developed Area, Developing Area, Nungambakkam and Kovur.

References :

  1. Gyourko, J., & Tracy, J. (1999). A new measure of the local regulatory environment for housing markets: The Wharton Residential Land Use Regulatory Index. Urban Studies, 46(3), 693–729.
  2. Case, K. E., & Shiller, R. J. (1989). The Efficiency of the Market for Single-Family Homes. American Economic Review, 79(1), 125–137.
  3. Malpezzi, S. (1999). A simple error correction model of house prices. Journal of Housing Economics, 8(1), 27–62.
  4. Goodman, A. C., & Thibodeau, T. G. (1995). Age-related heteroskedasticity in hedonic house price equations. Journal of Housing Research, 6(1), 25–42.
  5. TNREGINET (Tamil Nadu Registration Department) — The official portal providing guideline/circle values (minimum land prices) by street, survey number, or village. Updated periodically; last major revision reportedly in 2017, with localized hikes
  6. ettencourt & Sahasranaman (2018) – Urban Geography and Scaling of Contemporary Indian Cities: Examines economic scaling and infrastructure using urban agglomeration data (including Chennai) arxiv.org.
  7. OpenCity (2024) – Analysing the Sixth Economic Census Data for Chennai: Offers ward-level breakdowns of employment, industry share, gender distribution and retail concentration
  8. Tofler (2025) – Major Industries in Chennai: Highlights auto, IT/electronics, banking/finance, medical tourism, entertainment (Kollywood), textiles, and small-scale enterprises

This research is to primarily study the economic status and the variation of economy of Chennai over years. Mapping this variation enables to study the growth of the city with respect to years and observes phases of apparent development in the context of economic growth, and associate the results with factors that contribute to the valuation of a land’s economy, specificto the field of real estates. Statistical data are obtained retrieved from official government archives through web portals, and surveys were carried forward to acknowledge people’s awareness and priorities in evaluating a land property.

Keywords : Real Estate, Economy, Developed Area, Developing Area, Nungambakkam and Kovur.

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Paper Submission Last Date
31 - December - 2025

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