Real Estate Soaring in Chennai

In today's Hindu Business Line, there is an article about Vijay Shanthi Builders http://www.vijayshanthibuilders.com new residential project in central Chennai being sold out in just one day. What surprised me was not the speed with which the apartments were sold but the price at which they were sold. Each 5000 Sq feet apartment was sold for 4.25 crores !!. Whew !!. That must be some kind of a record for Chennai.

Looks like we are heading into a real estate bubble.

Great sites for info on Business and Economy

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