Hi

In chennai the prices of plots or even a flat for that matter is going beyond the reach of a common man. Is there any chance for the prices to correct in near future?

With a salary of 15k, it is beyond the capacity of common man to buy a house or flat
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  • Originally Posted by wiseman
    When tested by time, even the Strong become weak and impatient!:D Just kidding, strong!

    cheers

    Even the Strong become sane, but those who profess to be Wise are well....honourable men!
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  • If everything that everyone expect starts happening then there will be complete chaos.

    Whether a 800 sqft costs 1C or 10C, it does not matter?

    Its just the differene between Gold and Silver.
    People buy Gold even when then price of Gold is inching towards Rs 2000.They don't dump it and go for Silver.
    People are buying because they feel its worth buying Gold.

    Similarly, in the case of RE, people will buy, if its worth the price tag?

    Does Chennai RE worth its price tag, that's what I'm trying to understand?
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  • Originally Posted by REUser
    If everything that everyone expect starts happening then there will be complete chaos.

    Whether a 800 sqft costs 1C or 10C, it does not matter?

    Its just the differene between Gold and Silver.
    People buy Gold even when then price of Gold is inching towards Rs 2000.They don't dump it and go for Silver.
    People are buying because they feel its worth buying Gold.

    Similarly, in the case of RE, people will buy, if its worth the price tag?

    Does Chennai RE worth its price tag, that's what I'm trying to understand?

    Chennai realestate is yet too cheap compared to other RE markets in INdia and land price in CHennai is too low yet!
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  • conclusion

    conclusion : common man cannot buy a house in anna nagar with his earnings alone. - unoless u win a lottery or have some special talent..
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  • Originally Posted by sri_idea
    conclusion : common man cannot buy a house in anna nagar with his earnings alone. - unoless u win a lottery or have some special talent..


    everyone wants to live in same localities anna nagar, besant nagar etc.

    why don't people build new cities and new towns with good infrasturcture, this will solve the affordability problem to common man.
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