Announcement

Collapse
No announcement yet.

Are Chennai Real Estate Prices Decreasing At Alarming Rate?

Collapse
X
Collapse

Are Chennai Real Estate Prices Decreasing At Alarming Rate?

Last updated: December 29 2007
4 | Posts
4354 | Views
  • Time
  • Show
Clear All
new posts

  • Are Chennai Real Estate Prices Decreasing At Alarming Rate?

    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
  • #2

    #2

    Re : Are Chennai Real Estate Prices Decreasing At Alarming Rate?

    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

    Comment

    • #3

      #3

      Re : Are Chennai Real Estate Prices Decreasing At Alarming Rate?

      Need to sell land

      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.
      Last edited September 17 2007, 11:31 AM.

      Comment

      • #4

        #4

        Re : Are Chennai Real Estate Prices Decreasing At Alarming Rate?

        Yes its better u sell it now.

        Comment

        • #5

          #5

          Re : Are Chennai Real Estate Prices Decreasing At Alarming Rate?

          Focus on OMR

          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!!

          Comment

          Have any questions or thoughts about this?
          Working...
          X