Chennai: The demand for a large house and the second home was picked up at Chennai in the first half of 2021 because the work induced by a pandemic from home and digital learning trends, a report by property consultants had found.
The category of RS 25-50 Lakh and RS 50-75 Lakh RS appeared as a popular choice during this period, according to a half-year report Knight Frank India about Indian Real Estate (January – June 2021) was released on Thursday.
The average city housing price recorded a 2% decline in the first round this year compared to the same period in 2020, he said.
The launch and sale of new housing units increased in the last six months between January and June this year compared to the appropriate period of 2020.
While the city real estate market has 2,981 units in the first six months of last year, it was recorded 5,751 units marketed during the same period on the same period in 2021.
According to the report, the Chennai housing market witnessed slow demand and supplied momentum during the first half of this year due to the break in the second quarter of 2021.
However, the market performed better half this year compared to the same period in 2020 to the second low quarter of the second year ,