Flat prices can fall in Chennai, not because of pink slips or global recession but because of the Second Master plan which allows better FSI. So land price factor will reduce. However even then knowing the con brokers of Chennai, they will like to keep the price up, while land owners like me will ask for more price for our land. So maybe the price fall will be minimal for flats. Now this is true in Chennai, which is CBD of Chennai. So if flat price falls in Tiruvallur or in Vayalur (there is this guy selling flats in Vayalur and calling that as Chennai!), that is not the discussion I am into.
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