Wednesday, August 27, 2008

Skyrocketting land price appriciation in and around Navalpattu


We all know that a figure of 3 crore per acre is very well exagerrated, however, it is considerable to notice the level of appreciation the land price has received in the last 1 year in particular. With airport expansion, buzzing IT hype, BHEL expansion, infrastructure potential like ring road and 4 lane, expanding University,
growing population, increased affordability etc, it is common sense that the land prices will be on the rise. Unlike countries like US, the history of India has proven that this price movement is one directional...but with the recent unorganic increases, a downward movement could soon be a reality in the Indian realty market.

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