Q: Hi, I have a flat located in Velachery, Chennai which is 10 years old and the area is 900 sq ft in first floor which is Jain builders portion which I want to sell. Is this the right time to sell the property? How much can I expect to get?
The locality of the flat is very good surrounded by a number of IT and MNC's companies, schools, educational institutions and there is also a rapid growth in real estate so the locality is expected to yield good return in long term. Moreover the value of the property depends upon the location, quality of construction, facilities offered. Builder floor in Velachery can be expected from Rs 5100 to Rs 5900 per sq ft.