Chennai Real Estate witnesses good demand, it is the right time to buy says CREDAI Chennai
Chennai, 13th July 2022: The real estate industry in Chennai is witnessing a good demand be it in the commercial or residential sector from first time buyers post pandemic. This is very encouraging for the industry that had seen a dip in sales in the past. The time is now to buy a piece of real estate for these prices are extremely attractive said Mr. Sivagurunathan, President, CREDAI Chennai addressing the media today. Youtube Video ЁЯСЗЁЯСЗ “This is the right time to buy a piece of real estate. The low prices advertised by builders today will not be seen in the coming months,” he added. With materials alone accounting for nearly 65% of the total construction cost, it is a matter of concern for builders in general as materials constitute generally of steel, sand, cement, diesel, equipment, and water. In the past four years, steel per tonne to cite an example has increased by nearly 65% in price while, bricks jumped 200 percent! (L to R) Mohamed Aslam Packeer, Treasurer; Abhishek Mehta, Vi...