Originally Posted by Almighty

I expect not just Chennai RE is move up but entire Indian RE to move up. I like your 30-50% numbers. I personally think that in 2011-13 there will be a time when those who talked about the rise between 2003 and 2008 look like idiots and the rise between 2009 and 2011-13 will make it so much more that the current rise will look like nothing.
One interesting comment I had was will RE go up in my 20% CAGR for land based on past data, mean land price will go up from 1c today to say 50C in another 20 years!
Let me make a counter point to this. The pension of a retiree in 1977 has grown 30 times today in 2010. I am giving actual numbers not an imagination. If salaries move up this way in the next 20 years certainly 1c property (read land) will be 40 to 50c for sure in 2030.
So as I always said investing in USABLE land is certainly the best bet against inflation in India with poor infrastructure growth, huge population, very high USABLE land to population ratio. In summary if you 1L salary today went to 30L in 2030 then my 1c land will certainly hit 50c if not more!
Cheers.