Just An Observation:

As we could see decent decrease (percentage may vary from location to location) in RE, I am wondering why still the house rent (even for residential purpose) is keep increasing (especially within chennai). I don't see any down trend / stabilization in terms of house rent.

Is there any other factors (school, college, hospital, etc) plays major role which OVERRIDES present RE trend ? Do we need to consider "HOUSE RENT" as different scenario ?

Suggestion are welcome :)
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