Real Estate News

New housing projects in Chennai dip by 36%, lowest in 5 years

Chennai has seen a steep decline in the number of new housing projects launched. This year, it saw a dip of 36 % when compared to 2015. This has been the lowest over the past five years, a report on Indian real estate has revealed. Tamil Nadu's capital may lose IT business to Bengaluru or Hyderabad, as the city failed to increase its footprint in office space, an official with Knight Frank, an independent property consultancy that released the half-yearly report. Source: TNN, Jul 05, 2016 << Back