Demonetisation Impact: Chennai Realty Prices Nosedive?
The demonetisation is getting lot of criticism, but it seems be doing good for the real estate sector, which filled with malpractices and lots of unaccounted cash. The results of demonetisation are already showing in city like Chennai, where the builders are offering discounts and wooing customers with pre-launch rates. Few builders are giving discounts up to 20 lakhs by reducing the prices from Rs 200 to Rs 500 per square foot, while others offering flat 15-20% discounts. Watch for more details of this news.