Is the realty market on a road to recovery?

The realty sector is now witnessing its best times.  Its on a road to recovery.  Is this finally a good news to the Developers?  The answer is definitely a yes. The prices across the most micro markets have now been stabilised for the last three months. The residential activities and enquiries have seemed to pick up at a rapid rate.  Residential prices in the Chennai city has picked up in a much more quicker pace when compared to the other cities in the country.  Chennai has less residential unsold stock when compared to its counter parts such as Mumbai, Bangalore, Hyderabad, Pune and Delhi.  One key reason for this stabilisation is the fact that most projects launched by the Developers have been akin to the expectations of the homebuyers.  Home loan rates have come down compared to the previous years.  Developers have become more realistic and are concentrating on no – frills affordable homes with realistic prices. Hence, buyers have to be watchful on credit market

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