Real Estate brokers are living good life in Kilakarai - A warm report.
In kilakarai, Till the Year 2006, Cost of the Land value was moderate, Every individual in kilakarai were able to buy lands for building their own house or for firm purpose. After 2006 there was a huge boost in the price of lands in kilakarai. Middle class people could not think of the prices of the land as it's always an unfetchable fruit because of the hike in price. This started a boom for real estate promoters to come into the business in kilakarai.
Real state brokers stated their brokerage with the buyers as well as with the sellers. They started meeting their both ends by getting the commission amount from land owners as well as from the buyers. Gradually they increased the price of the land to get more commission amount in their pockets. As kilakarai is assumed to be one of the richest place. People from well-off family acquired more lands and are very pompous in their nature. As many people in kilakarai are residing in Arab countries, they used to contact the brokers and purchased the property for good prices.
Many brokers have reached good heights and are very much busy in finding the lands that are ready for sale and approaching their clients to get good commission amount.
"Kilakarai is one of the richest town Panchayat in Ramanathapuram District."
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