CHENNAI, APRIL 9:
Chennai's real estate sector appears to be swimming against the current of the industrial slowdown.
In the last couple of months a handful of deals estimated at over Rs 1,000 crore have been finalised within the city.
The sellers are either companies or high net worth individuals and the buyers, all of them, are Chennai-based developers who have concentrated till now on the city's suburbs and the peripheral areas, which are 20-25 km away from the city.
Now they have bid for and bagged large land parcels in the heart of the city.