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Real Estate Scenario in Chennai

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Real Estate Scenario in Chennai

Last updated: December 17 2008
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  • #31

    #31

    Re : Real Estate Scenario in Chennai

    I agree

    Originally posted by mail1295
    STOP THE FIGHT, WISEMAN AND NATARAJ AND OTHER FRIENDS.

    We are none to predict the exact depreciation that RE market is gonna meet in coming months. Everyone are giving their predictions and their opinion. FAIR ENOUGH. Let it stay that way. I respect other's opinion, so that includes WISEMAN'S opinion too.. But i feel WISEMAN is being extremely PESSIMIST. I dont agree with him but i am not arguing with him too..
    I entirely agree with you. If you noticed, my sharp responses come only when the attack is personal and not focused on the points being made (words like rat, marsupial, bald-eagle and others worse).

    As already mentioned, I have my reasons to post as I do. The coming depression is of such severity no one has seen such a one in their lives. The last one like this happened 68 years ago. As time progresses you will find that not only am I not too PESSIMISTIC, I may have been too optimistic. Remember, I too made bulk of my money as a bull. But one has to be realistic.

    cheers

    Comment

    • #32

      #32

      Re : Real Estate Scenario in Chennai

      Originally posted by wiseman View Post
      Strongsville,

      Remember the post about 70 L for 1.5 ground with clean title, etc, etc?

      Well, the language was too much like a broker giving his spiel (clean title, etc, etc) and I got it immediately.

      Did you also notice that this person is probably loaded up upto his head with this kind of unbelievably priced stuff and is trying to unload slickly (he suspects on unsuspecting public like that poor girl who was asking trustingly about that locality)?

      Well, aside from the fact that he is contravening forum rules by trying to directly sell, he must be really a trashy guy to dump something like that (70L while others are quoting 20 L) on unsuspecting public who trust this forum to keep out such conmen.

      When you are trying to con the public, first rule is to do it quietly without attracting too much attention to oneself . Otherwise, verbal lynching will follow !

      Hope forum moderator will act upon this trick to sell in disguise.

      Oh, btw, in my case, I only asked for help in identifying a broker or someone who can help me. Not trying to dump on someone!!! Big difference.

      cheers
      First of all thanks for Wisey and Strongy for promoting my sales. So if I have my land to sell then I am a broker eh? I now realize the size of the peanut called as Wiseman. And did I promote the sale in this forum? No way. Someone in another forum asked for a land and I offered mine. Now let us assume I am a broker. Will I be knowing more about land or will Wisey know? Simple question.
      Wiseman wont fight fair as he is not qualified for it. Let me go and search if he has answered my open question to him or is he wriggling out to the rat hole.
      Finally those of you who are going to sell out at levels Wisey wants market to be at, are going to be a disappointed lot. Cant say more.

      Comment

      • #33

        #33

        Re : Real Estate Scenario in Chennai

        Originally posted by strongsville View Post
        Anyway. Keep up your good work and stop responding to this broker anymore. Please do not waste your valuable time responding to this guy.

        And if we find this guy misleading our unsuspected forum members or trying to sell his properties, then we must stop him and we should educted those members about his intention.
        So u were the funny guy wanting a quote in the other forum? Shows what you dont know about the market. Now if you think somebody can dump a property on others, then it shows what a low IQ guy you are. Any trade involves two parties one buys other sells. So what is this dumping? U must be ashamed to call yourself an MBA. Even Madurai Kamaraj produces better MBAs.

        Comment

        • #34

          #34

          Re : Real Estate Scenario in Chennai

          We shall see who has the last laugh. Meanwhile ...

          Originally posted by Natarajg007 View Post
          First of all thanks for Wisey and Strongy for promoting my sales. So if I have my land to sell then I am a broker eh? I now realize the size of the peanut called as Wiseman. And did I promote the sale in this forum? No way. Someone in another forum asked for a land and I offered mine. Now let us assume I am a broker. Will I be knowing more about land or will Wisey know? Simple question.
          Wiseman wont fight fair as he is not qualified for it. Let me go and search if he has answered my open question to him or is he wriggling out to the rat hole.
          Finally those of you who are going to sell out at levels Wisey wants market to be at, are going to be a disappointed lot. Cant say more.

          I'd just gone to the other forum where the administrator had the following words for the likes of our friend, Rats ... oops Nats .

          "Maybe he (Nats) is looking for an idiot to sell his Urapakkam property for 70L ...".

          Well, Nats my screwed up boy, we will revisit this issue 1 year from now (if you're still shipshape by then).

          Meanwhile, as some others had posted, the best thing to do to you is completely ignore you - thats easily done since not a single visitor to this post finds anything of value from your posts, unless he wants to become as vile and obnoxious as you. And move on and try to make the best of this bear market. Meanwhile you can tie all that property you own (if you are a broker then you are lucky; if not you are probably saddled with all that useless land at sky-high prices - pity you, but even that sentiment is wasted on you anyways .

          See you in 1 year from now.

          cheers

          Comment

          • #35

            #35

            Re : Real Estate Scenario in Chennai

            Originally posted by wiseman View Post
            I'd just gone to the other forum where the administrator had the following words for the likes of our friend, Rats ... oops Nats .

            "Maybe he (Nats) is looking for an idiot to sell his Urapakkam property for 70L ...".

            Well, Nats my screwed up boy, we will revisit this issue 1 year from now (if you're still shipshape by then).

            Meanwhile, as some others had posted, the best thing to do to you is completely ignore you - thats easily done since not a single visitor to this post finds anything of value from your posts, unless he wants to become as vile and obnoxious as you. And move on and try to make the best of this bear market. Meanwhile you can tie all that property you own (if you are a broker then you are lucky; if not you are probably saddled with all that useless land at sky-high prices - pity you, but even that sentiment is wasted on you anyways .

            See you in 1 year from now.

            cheers
            Hey Foolishman, get your act clean. You havent answered my simple question to you yesterday. And we dont know your background. U wont even let us know what was that so called second best college even ahead of IIM C in 1985 where u supposedly did ur MBA. So u seem to be sulking as you disappear in your rat hole.
            I will be there next year pretty healthy financially as of today. I am not the loan taker or property broker. I have better things to do. Before I leave you let me put this.
            சென்ற இடத்தால் செலவிடா தீதொரீஇ
            நன்றின்பால் உய்ப்ப தறிவு.
            That is from Thirukkural if you dont know. I can survive anywhere without money as I have the capability to do it. I dont need to chamchafy and have chamchas and say that I am on board of 3 companies and yet talk trash as you do. So enjoy your fun and if you are there next year, you will yet be saying that you said it right last year even if you did not. So get back to your rat hole and disappear.

            Comment

            • #36

              #36

              Re : Real Estate Scenario in Chennai

              Originally posted by ajijac
              Natraj,
              It’s a good assumption that we don’t understand math. I too am an Engineer who graduated from USA from a prestigious university. My department chair was an IIT Madras graduate and another professor served as the head of department at IIT Kanpur. Both of them influenced my life extensively and both were meticulously gentle and currently I am pursuing MBA at a good school in CANADA. By knowing IIT graduates personally for long time, I understand that they have a logical order in their thought process.
              In your comments you lack that logical order and you start from nowhere and end nowhere and people read you don’t understand anything. Me too don’t understand you, may be due to my “low IQ” as you try to establish.

              Now take time to analyze your posts and Wisemans writings. My friend, you really lack substance (sorry to say that) and you just keep on expressing your emotions rather than facts. So please stop name-calling and try to backup your posts with relevant data.
              If not leave us alone, as people like us who have “low IQ” need Wiseman’s advice and we admire him for his wisdom. Leave us alone please.

              Cheers
              I pity your departments chair and professor. Ofcourse there are too many rich Tamilians landing in US univs and then claim they are great. BTW, you dont have to go to US, in SRM college there are many IIT profs who teach after retirement and my relative (a prof there) tells me the sort of students. Now if your prof was from IIT, does not mean you have brains. Does it?
              Wiseman is nothing but encouraging a bear cartel that wants prices of land to go down in madras to encourage NRIs to continue with their margin funding as they did 2 years ago. And I dont think I will avoid educating this board against this guy and folks like him.
              Instead of some lost in US character like you, comments from local Indians makes sense. Unless ofcourse this board is meant for NRIs. Let that be made clear to me and I will leave! Gotcha.

              Comment

              • #37

                #37

                Re : Real Estate Scenario in Chennai

                Originally posted by a_salim_99
                Nagaraj,

                If you have anything that would support your ideas, at least I can listen. I am yet to see any. You are accusing wiseman among other things being a part of a bear cartel. It is unfair. If you have anything facts or events that you think will turn things around, please do share here. We (at least I) want to hear.

                But if I were you, I would stop getting personal in the forum.

                People in this forum are smarter than you can imagine. Sure, many here are greedy (who doesn't want extra cash), partly because of the hangover of the past few years of bull run, but don't think we are stupid. Do you remember the finance companies going bust in the mid 90's ? I am sure there are still people out there in Chennai, running behind those cases to salvage whatever they can from those *investments*. Guess what, RE is about to get that prize this time.

                I wasn't this bearish until last month. But it is bad news almost everyday. It is getting only worser and more companies and countries are getting pulled in. India cannot escape.

                Wait and watch.
                So you turn bearish in one month's time and maybe next month if you have accumulated enough properties to sell then you go bullish eh? So you are a property operator? Right? And Wiseman is the main guy who promotes it. Right?

                Comment

                • #38

                  #38

                  Re : Real Estate Scenario in Chennai

                  Originally posted by ajijac
                  So your relative is also a loser like you in order to teach substandard students like you?
                  Did'nt he get a better place to teach?
                  You are really amusing me like a joker in a ring with your false assumptions. Now you assumed that I am a rich tamilian. LOL. Keep on amuse us please. I understand your value in this forum like Vadivelu and Senthil in tamil movies. we need little substandard comedy to relax ourselves .
                  Anyway,I never claim that I am smarter than anybody but I am sure that you are a stalker and a looser.
                  I wonder how your family bear with you loser.
                  U may not understand anything but for the benefit of the rest, I will quote this from thirukkural.
                  எப்பொருள் யார்யார்வாய்க் கேட்பினும் அப்பொருள்
                  மெய்ப்பொருள் காண்ப தறிவு.
                  Who is a loser the world knows. Cheers.

                  Comment

                  • #39

                    #39

                    Re : Real Estate Scenario in Chennai

                    Welldone Nataraj!

                    Well done Nataraj!


                    Originally posted by Natarajg007 View Post
                    U may not understand anything but for the benefit of the rest, I will quote this from thirukkural.
                    எப்பொருள் யார்யார்வாய்க் கேட்பினும் அப்பொருள்
                    மெய்ப்பொருள் காண்ப தறிவு.
                    Who is a loser the world knows. Cheers.

                    Comment

                    • #40

                      #40

                      Re : Real Estate Scenario in Chennai

                      Dear Friend Natraj,
                      I tried to be neutral and honestly checked all your arguments. But looks like you're a bit too much carried away by unrealistic optimism. You've assumed things and arriving at another assumption! But unfortunately buyers are not that ignorant/innocent these days.

                      You'd mentioned prices are not dropping and wont come down. But all the RE ads show otherwise. One simple example is- There was no flat available * or around Sholinganallur for any price less than 3500/sqft in 2007. But now there are many projects for <=2700/sqft. Still there are much less takers. Look at Goldman sach’s report published today (24th Nov 08). The report predicts another 30% drop from the current levels.

                      While being a broker is not something bad but is just another profession, an IITian doing this, actually brings suspicion that you may not have even gone to IIT during rainy season!

                      Comment

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