Number of Chennai real estate developers has been able sold only a few of their properties in the last quarter. R Mohanty, real estate agent from Chennai states, "The residential real estate prices in Chennai have grown by leaps and bounds making it difficult for buyers to purchase a home in the city. The increased loan rates have now made it worse. Though the prices are witnessing correction people are awaiting the market to further stabilize."

Research reveals that there has been a 90 per cent drop in demand for residential projects since the start of the year.

Notably, Old Mahabalipuram Road, the hottest real estate destination in Chennai is also loosing pace. Cursing the fading effect of the place on lack of infrastructure facilities, Chennai real estate agents say there have been only a few transactions in the area for quite sometime.

It is very dul in city limitsl, and in outskirts individual houses are picking up.

Stagnant,. all most all real estate brokers have no business

There are not many deals being finalised and yet prices have not come down as expected in Hyderabad as those who have invested money do not want to make a loss and therefore are holding on!

In faridabad - almost in bottom