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Tag Archive | "Budget Housing"

Affordable housing sells out in a flash in suburbs

Friday, April 9, 2010

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The city is fast expanding, and proof of this is the fact that about 7,000 housing units are developed in Chennai Metropolitan Area (CMA) annually. More than 95% of them are promoted in the suburbs. Still, the city faces a shortage of more than one lakh houses. At least 50% of them are in the affordable [...]

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Developers stall price cuts, discounts

Monday, July 6, 2009

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Experts say higher prices are intended only to test the waters, but developers say further price cuts are unlikely Riding high on the return of demand and rising sales in housing, several real estate developers are stopping discounts, have stalled further price cuts, increased prices in budget housing projects launched recently, and are returning to revive [...]

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Home loans market stagnates

Tuesday, April 7, 2009

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Despite Budget Housing Offers, Buyers Defer Purchase Of Dream Flat Chennai: Even with many budget housing projects being launched in the city in the recent past and customers reportedly booking them in large numbers, the home loan business of most banks remained stagnant in the last quarte of the last fiscal. “While the market for homes [...]

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