Real Estate Forum on Chennai Real Estate Market

Latest Answer: Installing an adequate number of suitable smoke alarms and testing them regularly is the first step in your home fire safety plan. Having a written escape plan in case of fire and practicing it regularly. Make sure keys to all locked doors are readily accessible in case you need to escape. Never leave cooking or any other open flame including candles or oil burners unattended. Clean the lint filter of your clothes dryer each and every time you use it. Never smoke in bed and take extra care if consuming alcohol whilst smoking. In Winter take extra care when using heaters, electric blankets or open fires. Dont overload power points and switch off appliances when not in use. Always keep lighters and matches away from children and educate them that they are tools not toys to only be used by responsible adults. If you have a garage or shed remember to take extra care with any stored chemicals and fuels and always refuel mowers, edgers etc when they are cold and in the open.

Latest Answer: Hi,no dough the project is good for investment due to project quality and location. but right now the price is quite high , if you are looking for residential purpose then this project is good fair enough to invest. but for investment purpose the project is quite higher price. you get rental appreciation due to location advantage.

Latest Answer: What are the top localities in terms of consumer preference in Chennai residential market?

Latest Answer: Hi Mr Naidu, In my opinion, those consumers who are able to pay such an quantity like these central localities as they're near city center, coupled to all or any vital areas of town and have all basic facilities like colleges, hospitals, banks, ATMs etc. Whereas earlier consumers were hesitant to appear for property here as a result of most of the homes and flats were previous, the re-development wave has modified the situation utterly.

Latest Answer: Rightly said, real estate has taken off in padapai

Latest Answer: Hi Charan , As per my own experience, another South Chennais locality, Velachery witnessed a six per cent rise in property prices during the Oct-Dec 2014 quarter. This means a 2BHK apartment priced about Rs 38 lakh during the Jul-Sep 2014 quarter is now being sold for Rs 40 lakh approximately. Even in Jul-Sep 2014 quarter, a three per cent capital appreciation was witnessed here.

Latest Answer: Hi Mr Pavan, As per different sources, the new government at the Centre speaks in the right language .Business sentiments have improved in the wake of a stable government that is encouraging policies in terms of relaxation of FDI norms, and taking forward investment vehicles like the REITs. This is exactly the message builders have sent to the state government. In a document to state IT Secretary TK Ramachandran, builders said high land cost is an obstacle in bagging contracts from one large automobile firm and an IT company which are waiting to enter Tamil Nadu with plans to occupy 3 million sq ft.

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: The construction industry has reacted strongly to the cement price hike, with CREDAI and ACCE saying it will result only in project delays and escalation in prices.

Latest Answer: What are the factors to be fixed in Chennai to boost Realty market?