CASAGRAND PURASAIVAKKAM — New Project Coming Up in Purasaivakkam, Chennai

Project Overview

Casagrand Purasaivakkam is an upcoming residential project comprising 49 units of 2 and 3 BHK apartments, priced between ₹1.1 crore and ₹1.8 crore. The project is located in Purasaivakkam, one of Chennai's established central localities, and is developed by Casagrand Premier Builder Limited, a Chennai-based real estate firm.

Location and Connectivity

The project serves surrounding areas including Kilpauk, Anna Nagar, Korattur, Chetpet, Madhavaram, Egmore, and Chennai Central. Purasaivakkam offers a central location in Chennai with excellent connectivity via road and public transport, proximity to major employment hubs, and well-developed social infrastructure. The area has a mix of educational institutions, healthcare facilities, and shopping destinations, making it suitable for families, professionals, and students.

Easy access to employment hubs includes Leela Information Technology Park, ESPEE IT Park, and Prince Info Park. T. Nagar, known as the shopping hub of Chennai, is nearby, along with cultural landmarks like Semmozhi Poonga, a botanical garden.

About the Developer

Casagrand Premier Builder Limited, founded in 2003 and headquartered in Chennai, Tamil Nadu, is a private real estate company. The company develops residential and mixed-use projects across South India. In the last eighteen years, the developer has completed over 36 million square feet of prime residential real estate across Chennai, Bengaluru, and Coimbatore, with over 27,000 families across 140+ landmark properties.

The company was established in 2003 by Arun MN and launched its first project, Casagrand Srishti, in Thiruvanmiyur in 2004, delivering its first completed community, Casagrand Rivera, in 2006. Institutional investors including Motilal Oswal, Edelweiss, and L&T Finance have backed the group, and in 2024 the flagship entity received SEBI approval for an initial public offering.

Market Context

The real estate market in Purasaivakkam is vibrant and growing, with property rates ranging from ₹13,800 to ₹25,000 per square foot for buyers, while rental prices typically fall between ₹30,000 to ₹40,000 per month. The area has witnessed significant growth in its real estate market, with steady appreciation over the years reflecting growing popularity and development.