Waited 8 month for drop in flat rate,But it's stable,decided 2 buy flat in polichalur
Hello RealEstate Experts, I need your valuble advise. I've planned to buy a flat and waited for 8 month to see the drop in real estate rates. but i dont see them happening, instead, i see a stable state in real estate. Rates are still the same. Number of people buying flat is reduced, but not become zero. There are people still buying flat and builders continue to launch their new projects. Also considering the huge demand for house in chennai, i dont think people will wait longer for the price to drop.
So i decided to buy a flat before real estate price shoots up again. I've seen a flat in polichalur and decided to buy it. Builder have quoted Rs2500 per sq feet including covered car parking. I dont see this price in any other area close to chennai. Now please advise me, whether buying a flat in polichalur for Rs2500 is reasonable? This place looks more like a village, is the price reasonable?
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