What was the Value of Real Estate in Chennai Prior to the Year 2000?

Chennai, the capital of Tamil Nadu, has long been a hub for commerce, culture, and education in southern India. Before 2000, its real estate market was relatively undeveloped. The city mainly consisted of residential areas with limited commercial development. Real estate developers, including Vijay Shanthi Builders, began to establish themselves, focusing on small to medium-sized residential projects. The rise of apartment builders led to the popularity of 2 BHK apartments. Early luxury apartments set a precedent for future high-end developments. Economic and infrastructure growth influenced property values, laying the groundwork for today's vibrant market.