India is zooming away in real estate industry no lesser than any other part of the world. In fact India real estate is booming in all the direction be it Chennai real estate, Hyderabad real estate or Cochin real estate, all the cities are skyrocketing when it comes to real estate. A few year back Chennai real estate has shortage of housing options, but now it has superfluity of residential options. Chennai is recognized as a preferred place of corporate people and MNC. This city has earned a benchmark on three major classes financial costs, expert manpower and outstanding business environment. Chennai is a home of chief automobile sectors also and on the northern area port is gearing up with expansion of housing units. In fact the Chennai residential real estate sector is going though a change in market dynamics and over increase in real estate purchasing activity. City home loans and augmenting rates have resulted in major price escalation … Read the rest
Tag: Chennai Real Estate
Chennai Real Estate, Buy Or Wait
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