chennai apartment ( non commercial) rents compared against property prices?



chennai apartment ( non commercial) rents have increased by 10 to 15% from 2005 to 2011 while property prices have increased more than 100% between this period . Is there correlation between rental to property prices. Is so why so much of discrepancy in chennai.

chennai apartment ( non commercial) rents compared against property prices?
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One Reply to “chennai apartment ( non commercial) rents compared against property prices?”

  1. Property prices are controlled by various factors including the hike in diesel prices as most of the material costs involves transportation cost also. Sudden increase in cement prices which government is not controlling. Banks are hiking the interest rates under the instruction of RBI. These factors contribute more for increase. Suppliers and government are controlling authorities.

    But in rental that too residential, one can choose a property little bit away to get at lower rent. It is only the user controls the hike.





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