Announcement

Collapse
No announcement yet.

Real Estate Trend In Chennai

Collapse
X
Collapse

Real Estate Trend In Chennai

Last updated: January 5 2008
2 | Posts
3312 | Views
  • Time
  • Show
Clear All
new posts

  • Real Estate Trend In Chennai

    I have been looking to buy second hand flats within chennai city limits for the past 6-8months. Theres been steady increase. Much awaited lull or drop is not in sight. people advise me to wait and watch and say prices might drop after xmas-new year. is that right. can i wait for 3 more months? will it drop substatntially by say 20%? is market reaching saturation?
  • #2

    #2

    Re : Real Estate Trend In Chennai

    I don't think so.

    Comment

    • #3

      #3

      Re : Real Estate Trend In Chennai

      I don't think so.In Chennai, the prices r going to go up and most builders are not too keen on disposing their new flats as they want to wait and sell the unsold units at a higher price. I saw a new flat in Sept 2007 for Rs.4800 per sqft and when I saw the same in Dec 2007, I made up my mine to buy but at Rs.5200 per sqft. I already paid a high price for my stupidiy of waiting to take my chances and also, bcos of my delayed decision, I couldn't get in the floor I wanted. The same story for few of my friends.
      My suggestion would be to go for resale flats at half the price as long as its perfect in every way.

      Comment

      Have any questions or thoughts about this?
      Working...
      X