True. Gold prices flared up in international market in dollar terms and Indian Rupee is depreciating after budget leading to further jump in prices in rupee terms. In the past one week gold price has increased by more than 10%
On the otherhand, to see the evidence of first steep fall in real estate price DLF one of the top builders has reduced their Bangalore- New Town project price launched recently at Rs.2775/sft to Rs.1850/sft just now!! 30% reduction in one go.
Chennai real estate is defying gravity. Let us see how long.
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