Quote:
Originally Posted by sridharchennai
Hi abk,
When a person is excess of cash then no price is too costly for him. As you said home is not always about investment but, when mistimed it can eat all your life of savings. That is where I'm concerned about.
Well, the market has not definitely crashed but, even the bus has not yet started moving. It's still there stagnated.
I have my flat in perungudi and I can tell you the prices are down from 2008 peak. I don't buy your argument of price rise based on my experience
Thanks,
Sridhar
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Check out other areas in chennai like kilpauk,adyar,velachery,adambakkam,chromepet,east tambaram,virugambakkam,valsarvakkam,porur etc.
when comparing rates check for projects in the main areas not peripheral locations.
OMR is fraught with oversupply and basically it is a newly developed location wherein the majority of the buyers are from the IT sector and salaried.
The ground rates in the above mentioned areas have appreciated by 10-20% in the past year which are above the rates in 2008.
this is not my argument this is info.