30-50% appreciation in 2010???? Looks very unrealistic to me!!! It could appreciate a bit, maybe about 10%.
Quote:
Originally Posted by REUser
Logically, I agree to your points.
But my intuition / reality says, Chennai RE will start rising by atleast 30 -50% this 2010.
I suppose,tThere is huge backing, like Black Money, Politicians or fear of huge losses to RE companies, as they have purchased land at high prices, to the Developers, because of which they able/have to maintain and increase Rates.
Chennai RE is distinct from the nomral RE Markets, it will be highly dynamic and volatile for the next 2 3 years.
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