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.
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.