Last 12 months has seen strong and stable traction in Chennai residential markets. Average monthly prices have increased by 9-14% YoY since start of current CY and momentum seems to continue. City has seen impressive set of launches since Oct- 10 (~6-9 msf /month on an average 3-month rolling basis) – second only to Bangalore in most months.
Credit crisis and the Telangana issues have heavily impacted the property markets in Hyderabad which is yet to bounce back fully. City continues to remain relatively weak compared to other cites and its own history. While there were some signs of pick up in volumes/prices/launches in late CY10- early CY11, but have not yet stabilized to term them as trends.
