Chennai properties has seen 15% appreciation this year

Q: Chennai is the major hub for automobile, software and other allied industries. KIndly discuss on this news.

Ravi Kumar, Chennai

10th January 2014

Real estate News in Chennai

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Replies (2)

Which are the areas in Chennai that offers property within the budget range of Rs 35-45 lakh?

Himani,

10th January 2014

Comment

@Himani: Tambaram, Oragadam, Guduvanchery, Vandalur, Perumbakkam,Ambattur, Mambakkam, Poonamallee, Porur like the outer fringes of Chennai where the land price is within the price band of Rs 40-50 lakh offers flat in this range.

Pranab Malakar,

10th January 2014

According to me Chennai is one of the best cities to live in. The coastal city, sees constant demand for housing units and also offers stable property prices. Most of the top builders have thus turned to Chennai for real estate development.

Pranab Malakar,

10th January 2014

Comment

HI I have a doubt, Is it this the right time to invest in a property in Chennai?

Rubiya,

10th January 2014

@Rubiya: The price is comparatively cheap though the input cost has increased considerably due to increase in the cost of materials & labour. The builders are absorbing the cost due to heavy competition, But I heard that the trend will not continue for a long time and the increase in price of materials and labour will impact the cost of under construction projects.

Pranab Malakar,

10th January 2014