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Old 15-02-10   #1
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Default Financial city recent developments, does it attribute to price hike?

We saw a plot at Perumbakkam, close to proposed financial city, and really liked it. The price quoted was 34 Lakh/ground. The seller delayed the deal close, and now says since there was adikal naduthal festival, he is asking for 37 Lakh/ground.

Is it true that the prices go up because of this? I thought the financial city is already factored when the announcement was made for the place, and isn't it normal that next phases do come along? Or is it just a broker's gimmick to extract more money?
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