1 Lakh per Sqft? - Indian Real Estate Forum

REUser · 14-02-10

Which area in Chennai will become the first to hit 1 Lakh per sqft and when?

blogger · 14-02-10

Boat Club & Poes Garden. Well in couple of decades, if not more

Wondering what are you up to.

Quote:

Originally Posted by REUser

Which area in Chennai will become the first to hit 1 Lakh per sqft and when?

wiseman · 14-02-10

Assuming Boat Club is 20000 per SFt, here's the timeframe at these rates of ROI.

Rate Years
8% 21
9% 19
10% 17
11% 16
12% 15
15% 12

Obviously it could happen earlier or later by a small margin.

Take your pick. I don't think above 15% per annum compounded over such a long period is a meaningful assumption.

cheers

abk · 15-02-10

Quote:

Originally Posted by REUser

Which area in Chennai will become the first to hit 1 Lakh per sqft and when?

usman road,
rutland gate,
poes garden
boat club,
nungambakkam high road
khader nawaz khan road,
kothari road

the oppulent and the powerfull do not calculate ROI when buying homes it is the exclusivity and the neighbours which will dictate the price.
assume mallya/ambani wanted to buy a home in chennai will a 100 cr price tag deter them( when vinod khanna can pay 124 cr for a flat in mumbai allta mount so many in india can the list is long)

REUser · 15-02-10

Most likely the places I thought !
It will hit the 1L circuit in the next 5 - 10 year before 2020.

Economist · 16-02-10

Do not forget the "Indian" Inflation and the potential for INR devaluation.

blogger · 16-02-10

Can you help me u'stand the pros and cons of INR devaluation. Is it sure to happen?

Quote:

Originally Posted by Economist

Do not forget the "Indian" Inflation and the potential for INR devaluation.

18-02-10

Quote:

Originally Posted by REUser

Which area in Chennai will become the first to hit 1 Lakh per sqft and when?

Where is WIseman gone allowing such questions to be asked? ROTFL!

14-02-10	#1
REUser Member Join Date: Aug 2009 Posts: 82 My Mood: Thanks: 0 Thanked 0 Times in 0 Posts	1 Lakh per Sqft? Which area in Chennai will become the first to hit 1 Lakh per sqft and when?

14-02-10	#3
wiseman Veteran Member Join Date: Jul 2008 Posts: 1,772 Thanks: 3 Thanked 99 Times in 54 Posts	Here are approx targets ... Assuming Boat Club is 20000 per SFt, here's the timeframe at these rates of ROI. Rate Years 8% 21 9% 19 10% 17 11% 16 12% 15 15% 12 Obviously it could happen earlier or later by a small margin. Take your pick. I don't think above 15% per annum compounded over such a long period is a meaningful assumption. cheers

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15-02-10	#5
REUser Member Join Date: Aug 2009 Posts: 82 My Mood: Thanks: 0 Thanked 0 Times in 0 Posts	Most likely the places I thought ! It will hit the 1L circuit in the next 5 - 10 year before 2020.

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