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Real estate market of Chennai may see oversupply in 2 years

Property in Chennai may have seen an oversupply of the circumstance over next 2 years, significantly because of different enormous ventures nearing finish crosswise over comparable time, which may really put down the weight on rentals. https://medium.com/@Favista_estate/real-estate-market-of-chennai-may-see-oversupply-in-2-years-fbcc427944ac

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Real estate market of Chennai may see oversupply in 2 years

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  1. Medium Get started ajeet Nov 20 ■ 2 min read Real estate market of Chennai may see oversupply in 2 years Property in Chennai may have seen an oversupply of the situation over next 2 years, majorly due to various huge projects nearing completion across similar time, which may actually put down the pressure on rentals. Property In Chennai Problem Statement & Solution Proposal As per Cushman and Wakefield, Chennai will certainly witness a complete supply of 10.4 million square feet that will hit the real estate market until 2018. Metro Connectivity. What customers do today There will be an equilibrium between supply and demand, but good projects may certainly not face issues of leasing. Of course, there will be some marginal risk in large projects take the time of a year to be completely occupied from receiving date of the occupancy certificate. Brigade is setting up a total of 1.8 million square feet commercial

  2. complexes World Trade Centre which are set to complete by the end of 2019. The Chennai commercial market has seen absorption drop by 24% in the 3rd quarter of 2017 because of lower interest from the corporates. The complete absorption across India has witnessed an annual dip, particularly because of the marginal dip in the absorption on yearly basis. The sunset clause supposes the projects to be completed as well as became the operational units by 2021 to get the 10-year tax benefit. Recently, it leased 4.5 million square feet of office space to Amazon in Chennai. SEZs are set to lose through direct tax benefits which are extended to them under SEZ Act in 4 years. Union budget has proposed to end all direct advantages for SEZs that are operationalized after 31st March 2020. Sufficient supply may be benefitted the organizations in terms of the optimal rentals. Real Estate Real Estate Chennai Chennai Properties Flats For Sale In Chennai One clap, two clap, three clap, forty? By clapping more or less, you can signal to us which stories really stand out. Q tl) Follow ajeet Never miss a story from ajeet GET UPDATES

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