Ad Here  
January
February
March
April
May
June
 
 
When Centre visits the state IFCI to raise NCDs upto Rs 2000 crore Digital retail transactions stabilise at higher level… Techies trip to India Climate change may change the way businesses work... Pharma market dozes Chennai will soon get its World Trade Centre Smart controls for cooling large multi-zone spaces ... TiE applauds innovative entrepreneurs Indigo stays leader with 40 per cent share Secured NCDs from Shriram City Dynamic e-commerce scenario ALL-two launches in a row Illicit markets a concern to growing economy Curbing steel imports will hurt small business... Investor friendly Japan STFC raises money Connecting the unconnected LVB gears to become a financial supermarket Nigeria comes nearer BRICS development bank Realty sector takes a break... Backpack laboratory Adding Zest to Scooty Realising double digit growth in Tamil Nadu Waste, a gold mine Durga - India’s largest blast furnace; now operational ECGC expands operations CUB: towards card-less withdrawal Industry-well poised to invest on expansion Chola MS launches motor app Automotive Vision Plan II... TCS’ revenues cross Rs 100,000 crore Creating Tamil Nadu Banana brand The new look- 4s Verna TOP 10 CEO Compensation Tata Steel commence operations at Kalinganagar - Nothing to hide... Four daughters and a proud father Research needs more funding TN budget pragmatic and moderate on fiscal deficit An American alliance in the chemical industry? Three more leather clusters… ALL to launch electric busses Ridley marathon to India Economic issues take a back seat at G20 summit Innovation that helped Chennai port Focus on self-certification and third party inspection Chennai Port is at last decongested! Sun Edison launches solar pumps Housing Innovation Challenge, 2015 Murugappa- a year of consolidation Scoot offers just Rs.13,500 to ANZ... Purdue and IIT-M sign the dotted line AirAsia India infuses funds to fight out competition Striking cords for 25 years… WABCO’s second Chennai plant Applauding enterprise... Inclusive and forward moving... Placing the right shoe forward... ISRO's 100th mission TII’s single largest investment at Thiruthani Business Briefs Hero Motocorp - smooth ride SumInfra- corridor based development... Bridging the skill deficit in pharma industry Gem of social service... Strategy war escalates between Hero and Honda Changing dynamics in human resource management Brand leaders come forward... ALL – truck industry is recovering from degrowth Economic, business and social sustainability More gensets and diesel engines from TAFE Indian Bank – global businesses crosses Rs 3 lakh crore... TVS Logistics – another acquisition to sharpen the business model Need to focus on ease of doing business... Auto test tracks launched at GARC Oragadam campus Make way for the new and dynamic railways World labour laws at a glance Time to fast-pace the logistics sector TII-challenging year with flat growth Holiday Inn opens in OMR Chennai Reality bytes Business Breif Rating of states to be released soon Celebrating 180 years of relevance Flexible labour laws… Apple maps – finding its way Is Indian telecom industry heading for a monopoly? Chennai to get a roundabout Metro On the ‘milky’ way European crisis is a global crisis! Blue Star plans a new plant in south OBO Bettermann for better lightning protection Celebration time at MS Chola Veritas Finance- financing the unfinanced Chola MS net crosses 100 crores Steel loses its sheen Big-ticket investments march towards Punjab People Flow Day- Safety Airlines wage price war Well-refined – RIL’s refinery margins zoom Hyundai excites again Schwing Stetter India joins hands with US-based Gomaco Towards peace of mind An aerospace-defence cluster in Tamil Nadu… Downsizing spree... A global plastic event in India Carrefour’s quick exit
 
Reality bytes

There were times, not long ago, when prices of land and apartments went sky rocketing. Thanks to the Chennai floods and a tight liquidity situation, prices have dropped and settled down to quite realistic rates. Today, Chennai real estate has become a buyer’s market.

The real estate industry has an inventory between 45,000 and 60,000 units in the city and its suburbs. That is, almost no sales has been made in a year and a half. Understanding this trend, several builders are either heavily investing in marketing or giving away built spaces at rates that may come.

VGN builders had offered apartments in Guindy, the heart of Chennai at about Rs 6500 per sq ft against the price of Rs 10,000-Rs 13,000 per sq ft in the area. To bring in liquidity, developers are giving away some of their land parcels as plots. Buyers in the city have preferred plots. The multi-storeyed trend caught quite recently. Hiranandani, TVH, Olympia and Akshaya, a few of the reputed builders, have charted forth this path. Giving away as plots relieves the builder of constructing an apartment and encountering delays and price fluctuations.

Big ticket builders have moved to Chennai.  A slew of buildings are coming up on the peripheries of Chennai.

Author :
Reported On :
Sector :
Shoulder :
RELATED NEWS
ABOUT IE
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com