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Chennai realty sales recover, but big-ticket discounting changing the pricing dynamics

Updated : November 13, 2020 19:28:53 IST

Real estate sales have seen a spike this festive season largely due to low home-loan interest rates pan-India and stamp-duty cuts in states like Maharashtra.

However, behind this stunning sales recovery is a story of price-wars and big-ticket discounting by real estate developers.

CNBC-TV18’s Jude Sannith reports on how the desperation to sell is overturning pricing dynamics in Chennai’s traditionally stable housing market.
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