There will be growth in the real estate market currently if the property prices start falling. There has been substantial growth in the real estate prices in the major urban cities of India. The rise in the property prices is due to the expansion of the IT sector. The real estate sector is considered the most sought investment options in India. There is involvement of substantial amount of black money. According to the reports, there is approximately 30 percent of dealings are done with the black money in the real estate market in India.
Demonetization has given a hard blow to the people using black money in the real estate. The demonetization of the currency notes of Rs 500 and Rs 1, 000 will surely decrease the use of the black money in the Chennai property market. It is expected to reduce the prices of the homes by at least 30 percent.
Let us check out some the prominent location and the real estate projects in Chennai where you can look forward to invest or buy:
Baashyam Pinnacle Crest at Sholinganallur, South Chennai- Baashyam builders have a rich experience of 30 years and they are considered as one of the reputed builders in the Chennai. They are fully committed to quality and customer satisfaction. With that similar commitment and confidence, they have launched this new project at Sholinganallur
KG center point at Poonamalee, West Chennai- Kishore Kumar Gokaldas builders are in the real estate industry for last three decades and have developed some the best commercial and residential projects. The company has delivered around 140 units in Chennai and Kochi. Their new project, KG center point at Poonamalee aims to deliver similar results.
