Realty prices in Puducherry’s French quarter take a hit

by Paul Joseph on June 10, 2013 · 0 comments

PUDUCHERRY: It’s an inevitable domino effect. The local government’s civic apathy is robbing Puducherry of its real estate sheen. According to sources, the attraction of the city’s famed White Town or French quarter – whose limited residential properties have always attracted both well-heeled locals and expats – is wearing off thanks to mounting garbage, litter-lined streets and hand-cart hawkers. Property prices in the French quarter rule at between 12,000 and 17,000 per sqft. In other words, a 1,400 sqft two-bedroom apartment costs between 1.7 crore and 2.4 crore, depending on the amenities (car park, power back-up) on offer. Those prices compare well with properties in Gurgaon, Bangalore or Chennai. “French

[via India Properties - Real Estate India - Indian Property News Site]

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