Status of Tamilnadu Real Estate

Q: CHENNAI: Tamil Nadu has registered a year on year drop of over 75% in attracting investments in the realty sector. New investments in the realty sector in the state dropped from Rs 13,600crore to just over Rs 3,300 crore between 2011-12 and 2012-13, according to Assocham.

However, the good news is that TN has been ranked third with a share of about eight per cent in the total value of new investments attracted by the real estate sector across India during the last fiscal, according to Assocham. "States across India attracted new investments worth over Rs 42,000 crore in the real estate sector during 2012-13 which declined from over Rs 92,600 crore during 2011-12.