The real estate sector in Chennai and nearby locations has always seen a steady growth unlike cities like Bangalore and Pune. Being one of the biggest automobile hubs in India, Chennai attracts a lot of people for jobs and companies to set up. Nungambakkam is located in downtown Chennai. There are several MNCs, government offices, foreign consulates, shopping malls, sporting facilities and more in the neighborhood.
The price of property in Nungambakkam, currently, the price for apartments is Rs 20,812.54 / sq. ft. and there has been a spike of 46.2%. However, the scenario for land price is quite different. Though the land price in Nungambakkam is Rs. 23,93.75 / sq. ft; the price rise is negative (-14.4%).
So, speaking about the future of real estate in Nungambakkam, there will be a rise in property prices for apartments as people and real estate investors will be investing in apartments rather than plots.
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What is the future of real estate in Nungambakkam?
Gyan Prakash
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September 4, 2020
2020-09-04T16:16:29+00:00 2020-12-15T11:52:14+00:00Comment
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Investment
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