Real estate prices in Chennai dropped by 20 %

In last 2 months, real estate prices have dropped almost 20 % in Chennai. As the prices were sky rocketting, no takers of flats and plots along the famous IT corridor area. As in any industry, market correction is bound to happen. But reduction in price is no good for common man as big real estate players taking this as a opportunity to buy more lands. In any case, these real estate players gain whether price rise or reduce.