Indian Real Estate Forum - www.indianrealestateforum.com - View Single Post

doniv · 10-12-07

Hi:

I have been looking for properties within the city and south of the city for the past 6 months. I can definitely confirm that prices have stagnated in areas and have come down in other areas of the city. This includes land as well as flats. For instance, a prestigious construction firm in chennai still have flats unsold in vadapalani even after decreasing the per sq. ft prices by 10%. Another evidence is the fact that the sub-registrar for each zones have seen the number of transactions not as high as before and have suggested this trend to continue. In class I areas of the south of the city, prices have come down. It is prudent to wait for another 3-6 months.

10-12-07	#9
doniv New Member Join Date: Dec 2007 Posts: 2 Thanks: 0 Thanked 0 Times in 0 Posts	Prices have stagnated and are down in certain areas Hi: I have been looking for properties within the city and south of the city for the past 6 months. I can definitely confirm that prices have stagnated in areas and have come down in other areas of the city. This includes land as well as flats. For instance, a prestigious construction firm in chennai still have flats unsold in vadapalani even after decreasing the per sq. ft prices by 10%. Another evidence is the fact that the sub-registrar for each zones have seen the number of transactions not as high as before and have suggested this trend to continue. In class I areas of the south of the city, prices have come down. It is prudent to wait for another 3-6 months.