Facebook
twitter
Twitter Friends/Followers Widget
Home › Property Prices In Chennai Remained Stable In January 2012 Says Makaancom Property Index

Property prices in Chennai remained stable in January 2012 - says Makaan.com Property Index

Posted May 18, 2012
Makaan.com Property Index – City level

 

  • Monthly Trend: The property prices in Chennai have remained stable in the last one month. The Index in January 2012 stands at 1510 as against 1538 in December 2011.

 

 

  • Quarter Analysis: Over the last 3 months, the MPI has seen a dropped by 3.8% - it has moved from 1569 in October 2011 to 1510 in January 2012.


  • Year-on-Year Movement: As compared to last year, the Chennai Property Index in January 2012 has increased by 24.5%. The MPI figures moved from 1212 in January 2011 to 1510 in January 2012.


  • City Level: In the last one month most cities have seen much stability in property prices. The index shows stability in property prices in the key property markets, Delhi, Chennai, Ahmedabad and Hyderabad. Rates at other key markets - Mumbai, Kolkata and Pune registered a drop. Only Bangalore registered a rise in property prices.


  • Going forward: Indian Real Estate market is going through a challenging phase with multiple macro economic headwinds like poor liquidity for developers, increased cost of construction, high land prices, delayed projects, high interest rates. These factors are keeping the home buyers away from the market. Over the coming months the property prices in India are likely to move in a narrow range with a slight negative bias.

Post Comments

Property price trends for Buying a property in Delhi / NCR

*Disclaimer
Compare Price Trends

Makaan Property Tool Kit

Property Search

    • Buy
    • Rent
    • PG
  •   to  
  • mkn-logo

Connect with us

Subscribe for Newsletter

Opinion Poll

What factors are augmenting the growth of high rise buildings?

Popular Searches

loading popular search
EMI/Affordability Calculator
Move the pointer ( ) to the left or right side to adjust the Loan Amount, Interest Rate and Period of Loan.
  • Loan Amount
    50K 3 Cr.
  • Interest Rate % Per Annum
    8% 15%
  • Loan Period Years
    1 yr. 30 yr.
Your EMI:
Rs.