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India: How Chennai real estate compares with Bangalore

Posted on 08 November 2012

In the recent past, the growth of the real estate sector in both Bangalore and Chennai has been exponential. This is largely due to the fact that they are among the most prominent cities in South India in terms of generating new business.
Of the two, Bangalore has gradually evolved into a more matured real estate market, since the market growth there preceded that of Chennai. Residential property sales in Chennai and Bangalore have been more or less stable of late, with the Chennai market displaying marginally greater buoyancy than Bangalore. The absorption of residential property units in Chennai this year has been almost equal to that seen in 2011. In Bangalore, this year’s absorption has been lower………………………………………..Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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