iyer0007

Dear Members

I am an NRI working in far East Africa. Six months back I purchased one ground
property(land) in Chennai (Enjambakam opposite to prarthana theatre, 400 mt
from ECR road) at 1100/sq.ft. I heard thro some of my friends real estate
prices decreasing alarmingly for the last 3 months, I am bit worried about
my investment. Is it true prices decreasing alarmingly irrespective of location?
Please share your views

desi07

Yes, Iyer.. the prices starts going down.. I am not sure about that area. But many places the land value is going down.Don't panic on ur investment. It may go up who knows?

Thanks,
Desi07

sudarshan

Is there any chance of the real estate prices going up again? I have 1 ground in Thiruvallur area. I have got a good offer from a buyer.

I bought the land for 1 lakh and the buyer has offered 4 lakhs 20 K. Do you think I should go for this right now?

Advise and opinions invited.

ndpjai

Yes its better u sell it now.

VEEJAYYES

i think the prices are not tumbling at a faster rate as every one could imagined. it is a temp. phenomenon... ur investment inthis area is expected to fetch a good return in a reaosnable time.. look at the rate at which govt spending on infrastructure in OMR road.. i believe a lot of focus is now on IT corridor by govt who is keen on paving 6 lane roads and lots more.. Want to sell to take a call!!