Apartment Construction Cost Vs Apartment Sale Price in Chennai City

Hi Friends! now we are going to see about the Apartment Construction Cost Vs Apartment Sale Price in Chennai City.

Most of the Builders are constructing the Apartments at the Rate of Rs.2200 per Square Feet with all Luxury Amenities. But the Builders are getting 78% Profit from each Tower. One Tower is one buildings which contains 64 Apartments in 16 Floors. Construction Cost of one Flat is Rs.33 Lakhs. But their selling price of one apartment is Rs.1.5 Crores excluding car parking area charges. Total Invested amount for 64 apartments are Rs.22 Crores and Total Earning Money is Rs.96 Crores. Most of our people are having huge fear to buy an apartment in our Chennai City. According to our expert's observation, realty market down due to the high selling price of apartments. 

In conclusion we are suggesting to reduce the apartment price as reasonable. Then only our average people can buy an apartment in our Chennai City.

Thank You.

J.Jaya Ruban.