Chennai

Chennai
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2016 was year of many big announcements. From the Smart Cities mission to demonetization, there were several headline-making events that would change the face of Indian real estate in the times to come. Chennai embraced these changes and lived up to its reputation of being a city that bounces back, regardless of the odds.

Bangalore
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The real estate markets in India seem to be aligning themselves to market realities in more ways than one. For the first time after 2008, residential apartments sold across India in the first three quarters of 2016 have been higher than new units launched in the same period. The current residential sales data indicates a continued stability in prices in the near future, denying market pundits’ recent predictions of heavy price corrections.

Chennai
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Chennai has never seen runaway price escalations unlike some of the more speculative markets in India. As the southern city matures, the size of its residential market has been expanding over the past few years. The residential market witnessed a price appreciation of 2.2% (y-o-y) in 2015 and is expected to see about 2% price hike in 2016.

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