Chennai: Jones Land LaSalle (JLL), Real estate consultant has conducted a panel discussion on Chennai Residential Real Estate Market. JLL had partnered with the Confederation of Real Estate Developers Association of India (CREDAI) to conduct this conference for discussion over Chennai residential market. The conference was held at Hyatt Residency on February 12 which was specifically designed to inspect Chennai’s residential property market.JLL residential services CEO, Om Ahuja said that residential real estate sector is typically driven by sentiments and speculation. Fundamentals of the Chennai market are easily ignored by the end users as well as investors which lead to mistaken real estate sentiments in the market. The panel discussion had aimed to analyze the current scenario of the Chennai’s residential market.The major economic drivers along with median income levels and relatively lower cost of living in Chennai have resulted in surging demand for the residential market. Chennai capital value appreciation for properties witnessed highest point during the period of 2010 to 2013 among leading metropolitan cities across the country.The panels’ discussion included leaders from across the Chennai Market from ranging fortes such as consultants, developers and financial institutions. The panel discussion provided clear and foresight of the Chennai residential market for users, investors, developers.CREDAI (Tamil Nadu) president and managing director, Sandeep Mehta Said that Chennai’s residential real estate market has been at its bottom and now it can only go up on the ladder.The panel discussion concluded that 2013 has brought a new dynamic in the Chennai market which has observed drop in sale velocity of the market.займ на карту без отказов круглосуточновзять кредит онлайн