Realty buyers are back in south India - CNBC-TV18 -While Mumbai and the National Capital Region may be reeling under a slowdown in home sales, it is a different story for southern markets led by Bangalore, Chennai and Hyderabad. Spurred by the recent IT revival and stable prices, these markets have now begun clocking in stellar sales growth, reports CNBC-TV18's Priyanka Ghosh.
The real estate recovery cycle is now knocking on the doors of Bangalore, Ahmedabad, Hyderabad, and Chennai. These markets have witnessed a number of fresh launches in the past quarter after a lull of almost a year-and-a-half.
For instance, Godrej Properties launched its Garden City project in Ahmedabad, selling 800 apartments within 10 days.
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