In Chennai, leading builders like Ceebros, Akshaya, TVH, Real Value, Appaswamy, Khivraj, Jain Housing and VGN are preparing to launch a dozen apartment projects worth around Rs 100 billion in premium locations in the next six months.
The proposed apartment projects range from 18,000 square feet to 30,000 square feet and prices range from Rs 100 million to Rs 280 million per unit. Ceebros is selling apartments at Rs 20 million to Rs 60 million, say media reports.
Real estate developers expect the city to annually absorb about 100 apartments with a price tag of Rs 100 million and more.