Latest Answer: Real Estate is a gone sector in India, One industry which is unregulated is the real estate market. Prices just go up only because of demand. People are so stupid that they buy in one place, and to live rent a house in a different place. And if you ask yourself what is the rent you will get after renting it out, it will be broken peanuts. In Chennai, atleast in most parts of Chennai, there is a over supply of houses for rent and tenants are having a say in how much they want to offer as rent. Little common sense will tell you what the problem is. Simple Logic - If you dont need one, dont buy one. If you dont live in one, dont buy one. If you want to invest the cash that you have now, it is up to you. It is your money. You can park it anywhere. If you plan to throw it out, do let me know in advance :). All i would like to say is - Have some common sense when you buy. Dont go and buy in herds because of the pressure you have from your family, your wife / husband, colleagues.