deepa

I bought a house in New Kuberan Nagar, Madipakkam 41L in 2007 Sept
Land:2250 approximately
constrcution:700 -8 yrs old ;850 - 1.5 yrs old
additionally constructed about 100 sqft for a lakh
When i bought this house the delux/luxury flats with modular kitchen and gas pipeline costed 35L in the city. I was told that flats life is short I was renting in T Nagar where water supply used to be only for 15 mins twice a day
Now am finding it difficult live in madipakam since it is away from city
And am also not having all the facilities of flat.

Will real estate price keep falling down like this
They also say that outskirt areas like madipakam will not appreciate much
So may be even if i sell that provided somebody is willing to payup the bank loan i will be able to think of a flat in the city

Am not sure if its possible for me to buy a flat in the city
Pls advise

rsk11584

Are you sure flat for 20L in T Nagar in a Year, can you give more details because we are looking out for a flat in chennai a 2 BHK one in range of 20- 30 L