2012, who ever I met, talk – felt was a dull year.
Especially Real Estate sector was dragging donwards south.
The main factor (as said) was attributed on the revision of the guideline value, which was effected from April – 2012.
From Jan 2012, itself there were rumours spreading across market about implementation of guideline value anytime. As a result, new buyers, traders, investors registered the property in the first 3 months of 2012.
The registration figures for March 2012 was at an all time high.
Also, the greed to make more money, at a short time, made real estate promoters market their new layouts at exorbitant rates.
Residential layouts @ GST Road (till Mahindra City), Sriperumbudur, Thirumullai Vayil, Housing properties from Sholinganallur to Thirporur are expected to be hot/ active this new year.
But people are more optimistic about the new year, anytime from March-2013, real estate sector will pick up promising great year ahead!