Chennai’s residential property market has been facing pressure on sales for some time now. With unsold housing stock at 57,111 units at the end of the third quarter this year, it will now take 36 months to clear the inventory. However, overall housing sales improved by 12.7% q-o-q in the Jul-Sep 2014 quarter with 4,924…
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Property Management for your Rental Properties, Letting out for rent in Chennai Coimbatore India
Property Management for your Rental Properties, Letting out for rent in Chennai Coimbatore India
Property Management for your Rental Properties, Letting out for rent in Chennai Coimbatore India
Impact of hike in registration cost and guideline values have always been felt in the Chennai property market. Experts believe, since the 2012 rise in guideline values, imposition of 1 per cent additional TDS on properties worth over Rs 50 lakh by the Finance Minister has already raised the price bar in the city. Subsequently…
Read MoreAt a time when home buyers in the north and west are opting for smaller formats that fit their pockets, Chennai has continued its aversion to 1BHK units. For Chennai home buyers, small is definitely not ‘in’. A close look at the demand and supply data of Chennai property market reveals that the market is…
Read MoreThe worst seems to be over for the Chennai real estate sector with the residential and office markets showing signs of a recovery due to a combination of policy reforms and sops for buyers and sellers, finds the recently released PropIndex report by Magicbricks on Indian real estate markets. Here is a quick glance…
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