As understood by recent reports, the real estate market is showing signs of strength with continued growth in India
despite the slump in the economy in 2019. In the previous year, the trend was the same: real estate rates were very
low or stagnant. Well, when it comes to construction types, more than 60 per cent of them are budgeted segments.
In today’s scenario, by 2020, according to experts, there is likely to be a phenomenal growth in the real estate sector.
Home sales in Chennai, especially South Chennai, were up more than 8%, where the total number of new launches continued
to rise.
According to the report, many tenants living in Chennai are focusing on getting their own properties in the city by 2020.
The two main reasons for this shift are the unchanged real estate market rates and the decrease in home loan rates,
which are particularly beneficial to the growing middle class population.
By 2020, the city hopes to see a lot of changes and expansions in the region, including its southern and northern parts.
With sustained business activity taking place in and around the city, there is certainly hope for substantial real estate
market growth, with many interested home buyers looking to get their dream home this year