Summary:
Like all industries, big or small, the real estate too has been hard by the COVID-19.
The pandemic drastically altered real estate investment preferences, with plotted development projects now trending in Chennai.
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Like all industries, big or small, the real estate too has been hard by the COVID-19.
The pandemic drastically altered real estate investment preferences, with plotted development projects now trending in Chennai.
According to a report by real estate consultant Anarock, key developers have so far launched at least five different plotted development projects comprising around 900 units in the last four to five months.
Trends indicate that the corresponding period last year did not see nearly as many plotted development sales as this year, the report stated.
Prominent locations that saw plotted development projects launched are Iyyappanthangal, Vandalur, Manivakkam, Avadi and Thirumazhisai.
The plot sizes start as low as 560 square feet and go all the way up to 2,400 per square feet.
or more.
Most of these localities are towards the peripheries of the city where average prices hover at Rs 2,500 per sq.