Demand for affordable flats infuses life into realty sector
The Hindu
‘Return of NRIs and WFH culture are the prime reasons’
Due to a lacklustre demand for luxury apartments, realtors in Tiruchi have limited their presence to affordable flats alone.
The apartment culture came into being in Srirangam in the late 1980’s, a time when flats were sold for ₹200 a sq. ft. It went up to ₹350 in the early 1990’s. Though the apartment concept was new, it caught on mainly due to the affordability of flats.
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