J.P. Morgan Report...!
Chennai..
Absorption activity in Chennai has seem
some moderation; however
overall trends remain healthy.
Launch activity also has increased again
and most southern developers (PEPl/SOBHA/PVKP) are
looking to expand their presence in Chennai via JDA tie ups or / new land
acquisition.
This given strong response to their
launches last year (2012). Unsold inventory has remained largely stable in the
market (at 14 months) as demand is largely in balance with the supply. Pricing
has witnessed marginal appreciation over the last few months.
There are large project deliveries coming
up in the market in 2013 from DLF Ltd , Puravankara, etc
Source: J.P. Morgan
J.P.
Morgan India Private Limited
India Property
Saurabh Kumar AC
(91-22)
6157-3590
saurabh.s.kumar@jpmorgan.com
Gunjan Prithyani
(91-22)
6157-3593
gunjan.x.prithyani@jpmorgan.com
No comments:
Post a Comment