A new high note is being struck on the Chennai real estate map at Old Mahabalipuram Road (OMR), which is fast turning into the epicenter of commercial property development. The developer interest in this sizzling hot stretch, which first accounted for 22 kilometers and was later on enhanced to a further 23 kilometers, has now transcended the local market.
The incidence of failure to register properties is much higher among professional real estate investors, who often buy properties in bulk directly from the developer. Many such investors are unwilling to pay for the registration of such properties. The reasoning is that they will in any case be resold, and that the purchaser will undergo the registration process at that time.
Starting from the IT revolution of the 1990’s to the government’s initiatives to build state-of-the-art infrastructure, Hyderabad real estate has come a long way. The city witnessed a lull for almost two years before it bounced back in 2010 with the absorption reaching around 5 million sq ft, the highest ever till date.
The real estate market is similar to the stock market, with its peaks and troughs always seeming to make perfect sense in retrospect. Also, both the real estate and the stock market reflect the economy of a country and offer good investment opportunities. However, the risks must be understood along with the opportunities.
Financial stress can adversely affect a persons’ psychological state. This negative psychological state has a tendency to percolate down to the affected person’s workplace and – in fact – into all social interactions. Surveys have shown that financial stress is among the root causes of decreased performance at work and a steady decline in physical and mental wellbeing.