Chennai is no different from the entire country, is what most of the people believe at, Chennai Real Estate also has seen no upsurge in prices in the past few months. Input costs in the real estate and construction industry have gone up tremendously.
Construction companies have to increasingly look out for land in the sub urban areas to suffice the demand existing in the market. But the major hitch in Chennai is infrastructure to support the growth in the sub urban market.
Due to these factors prices of Chennai Property also have gone up, but due to the increasing input costs in construction industry like Iron, Cement, Sand, Brick, basically due to the high cost of fuel and high inflation, apartment prices have to either further go up or prices of land have to come down.
Analysts predicted a price correction in the Chennai Real Estate market but prices have remained stable for apartments and villas, the only way … Read the rest