The best time to sell any flat is after 3 and before 5 years after you have got the possession. This is because generally, the value of the constructed property is the highest during this period. After 5 years, the value of the property starts depreciating.
Currently, the property prices here are around 5500/sq ft (I am not sure about the price of your property as such properties have different prices).
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OMR is the future growth corridor of Chennai and is already one of the hottest locations for investments in not just Chennai but Tamil Nadu as well. The average property price is Rs 5644/sq ft in OMR Chennai as these types of properties have different prices from market price.
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Authors Of The Question
I have a 3 BHK flat from the AWHO in OMR Chennai, the possession was given to me in Dec19. I am yet to carry out the registration & interiors. I am a veteran & as per AWHO rules I can sell the flat after one year of possession. What will be the best time to sell it considering the present real estate scenario? What could be the cost of a similar flat in a neighbouring area in Chennai?
Ramakrishna
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2 Answers
4 Year
2020-10-27T17:07:55+00:00 2020-12-15T12:58:59+00:00Comment
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