Q: I heard that the land deals in TN has hit an all-time low. Is this true? And what’s the scene in Coimbatore? I have a piece of land in Coimbatore that Im considering putting on the market.
It is funny, that inflation is rising in every economic sector, but when it comes to land deals and prices, there is stagnation. The government has decided not revaluate land prices this year at all.
The only two cities doing exceptionally well in tamil nadu are chennai and thanjavur, But otherwise, people are not buying land in tamil nadu that much. whic is why this lull in the real estate sector.
It is disheartening to see this fall in the real estate market, especially because just two years ago this same market had hit an all-time high of Rs 35 laks.