ANAROCK Property Consultants
The real estate market of North Chennai has been sluggish and hasn’t grown at the same pace as the southern and western parts of the city.
North Chennai is an interesting location, waiting to pick up but there are a few factors which could boost growth in this region.
RERA registrations have been strong over the last one year, registering nearly 40% increase between September 2018 and October 2019.
Real estate companies have started moving faster with project registrations under RERA. 45,307 projects registered across the country as on 5th Oct.
The Reserve Bank of India reduced repo rate by 25 basis points. Considering the state of Indian economy and struggling sectors, the rate was expected by majority of economists and market experts.
Unlike its other major counterpart MMR, NCR has fared better in shedding its overall unsold stock on both quarterly and yearly basis.
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