House/Villas for sale in Perumbakkam Chennai

As per Artha Yantra Corporation study, Chennai is the third-most expensive city. This creates a positive impact on the rental markets in Chennai as it is affordable to rent than to buy. Furthermore, the increasing employment opportunities and the upcoming Chennai Metro will add to the demand for rental apartments in Chennai. Pallikaranai, Perumbakkam, Medavakkam, Sholinganallur and Navallur are some of the localities that witnessed an increase in the rental rates over the last few months.

The current market will wipe out many inexperienced brokers who jumped into this business just to make easy, big bucks. This will present an opportunity to those who are dedicated and have gained rich experience in providing housing solutions to end-users.

The city also witnessed a decline of 68 per cent in new launches when compared to the new launches in September 2016. The drop in new launches is due to rising inventory overhang. The property prices remained stagnant month-on-month.

Through an order in 2011, the Supreme Court held that transferring property title through a general power of attorney was not valid. The top court directed municipal bodies not to register/mutate properties based on these documents. Following the order, states banned the registration of properties sold through GPA. The SC, however, said that genuine transactions carried out through GPA would be valid. In light of this, should you be entering property transactions that involve sale through power of attorney? Let us find out.

National Building Construction Company (NBCC) is now planning to buy insolvency-hit Jaypee Infratech, a move that would help the public company to acquire land parcels in tony localities, Taj Expressway and Japyee Hospitals. NBCC will be competing with other construction majors, including L&T, Suraksha Asset Restructuring Company, Kotak group and ICUBE, which have shown interest in buying Jaypee Infratech, the sister concern of Jaiprakash Associates Limited (JAL). This is the second time process is on to acquire the insolvency-hit realtor.