Latest Answer: Hi Mr VKumar,
Industry estimates vary over the quantum of residential market absorption from 20,000–22,000 units in 2014, a dip in overall volume by 20-30 per cent over the previous year. However, there are a number of feel good factors on the anvil which will make Chennai market open up in a big way in the coming months, say realtors. The annual event by Credai members titled Fairpro has been scheduled in February 2015, where a number of developers are expected to launch their new projects.
Latest Answer: Actually what happened..the buildings in these areas have less height because builders have not utilized the permissible floor space index which is the ratio of land area to built-up area. And thus during redevelopment, government will make sure to use the permissible limit and shall build more apartment units.
