A research produced by
The year 2013 has not been very kind to the Chennai market and like all the other major cities in the country even Chennai has suffered the onslaught of the current slowdown in the real estate sector. Factors such as slowing economic growth, rising interest rates by banks, high inflation and the weak rupee among others have contributed towards building a negative sentiment among home buyers. A large number of home buyers have delayed their purchasing decision and are waiting for some sort of positive signal on these fronts before committing their life's saving in buying a house.
Source : Knight Frank
