Jan 2013 Update: Chennai property prices increase in the last 6 months

Just when everyone is predicting that property price in Chennai would plateau due to the global economic slowdown, Chennai ignores predictions and shows increase in price.

Chennai property price increases

Apartment prices in almost every part of chennai is going up. Here are some of the comps…

Adyar
June 2012: Rs. 12.5k per Square foot (SF)
Jan 2013: 15k per SF

Sholinganallur
June 2012: 4.8k per SF
Jan 2013: 5.3k per SF

Medavakkam
June 2012: 4.3k per SF
Jan 2013: 4.7k per SF

We do see a slowdown is sales volume for the past year or so, but the price only keeps going up.

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