April 9, 2009
Like many real estate sectors, the Indian retail property sector relies solely on continual growth to survive and that growth has come to a standstill over the last few months as the credit crisis takes it’s toll.
April 4, 2008
For the past few years, mostly since the IT boom and lot of NRI’s pumping money into real estate in India, prices, especially in the major cities, have skyrocketed. Chennai is no exception. Chennai, located in South India, where most of the IT companies started booming, witnessed a very high appreciation in property prices over the last few years. Flats are being priced at around 4500 per sft in areas like Egmore.