The report highlights the revised service tax and its impact on the consumers, the deduction in TDS and the current scenario of the External Commercial Borrowing (ECB) apart from its emphasis on the Chennai Realty Market.
Following are the key takeaways of the report:
– Chennai leads the market in terms of number of units under construction accounting for 68% of the total number of units coming up in the city, followed by the western region with 27%.
– Chennai is slated to witness the infusion of around 67500 residential units in the forthcoming three years.
– During 2011, the highest price rise was observed in the central areas of the city, to the tune of around10-18%.
– According to a United Nations study, Chennai has a deficit of around 60000 housing units. About 6000 of them are in the high income group segment, 12000 in the middle income group and 18000 in the low income group.