Chrish Martin, Salem
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Status of Tamilnadu Real Estate
Q: CHENNAI: Tamil Nadu has registered a year on year drop of over 75% in attracting investments in the realty sector. New investments in the realty sector in the state dropped from Rs 13,600crore to just over Rs 3,300 crore between 2011-12 and 2012-13, according to Assocham. However, the good news is that TN has been ranked third with a share of about eight per cent in the total value of new investments attracted by the real estate sector across India during the last fiscal, according to Assocham. "States across India attracted new investments worth over Rs 42,000 crore in the real estate sector during 2012-13 which declined from over Rs 92,600 crore during 2011-12.
Chrish Martin

Latest Answer: Hi Chrish, Thanks for updating us, but how you can conclude that real estate in Chennai is declining from past few yrs. As we always read in the newspaper that Chennai market is growing with approx 8 % per years.

Homes for Sale in Salem
Q: If I wish to buy a home. So I would like to know about how to get a loan and what are the process are included?
Chrish Martin

Latest Answer: Hi , it is good that you have ask this question in this platform before buying properties.in properties first 20 % of project you have to pay in cash and then around 80% you can approach for home loan. Bank will provide load in certain condition and criteria . if you are salary employee , and suppose you are earning 50 k then assume that bank will provide 30L and slightly more but not more then 60% of your salaried.

which are the best place to invest the money on Salem?
Chrish Martin

Latest Answer: Salem is the outskirts of Chennai, if you are looking for plot then in long run u get good return but in current situation it will take time for development .

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