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No Property sales for the last one year in Chennai

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No Property sales for the last one year in Chennai

Last updated: August 17 2009
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  • Re : No Property sales for the last one year in Chennai

    Originally posted by nabishek View Post
    Re-valaution of the guieline values is a long process and are very unlikely to happen.

    True, the guideine values may stagnate for years now, but that doesnt mean a sale cannot happen below the price and that the prices cant come down or crash.

    The market price which is being quoted 1.5-3 times the guideline value, can very well crash to the guideline value and lower when demand diminishes.

    chataara said in a post above that there is a qoute for rs 300 when the adjoining leo housing plot is being sold for Rs.895.

    Leo housing advertises stating the guideline value is Rs 900.

    Also Abk, once pointed out that it is possible to complete a sale by taking power of attorney instead of registering the land.
    Dear friend,

    In some areas, especially in East Tambaram, the guidleline value is Rs. 300/sq. ft and the sale is happening at Rs. 2000/sq. ft. i.e. almost at 7 times?

    ks2071746

    Comment


    • Re : No Property sales for the last one year in Chennai

      Originally posted by ks2071746 View Post
      Dear friend,

      In some areas, especially in East Tambaram, the guidleline value is Rs. 300/sq. ft and the sale is happening at Rs. 2000/sq. ft. i.e. almost at 7 times?

      ks2071746

      Dear friend

      Are you sure there is still buying activity at tambaram for hefty amount

      when the world (including chennai) cries about slow down?

      thanks

      chataara

      Comment


      • Re : No Property sales for the last one year in Chennai

        Originally posted by chataara View Post
        Dear friend

        Are you sure there is still buying activity at tambaram for hefty amount

        when the world (including chennai) cries about slow down?

        thanks

        chataara
        Dear friend,

        Yes. Still it is happening in Tambaram East area. The prices are in the range of Rs. 3200 to Rs. 3300/sq. ft. in areas nearer to the Rly. Stn.
        To be very frank with you, the flat which I booked in Sept. 08 for my son for his own use, till last month, only 5 flats out of 8 in the project were sold. But when I visited last week, I found that all the flats have been sold with very minimum discounts. The flats are getting ready for occupation by end of March 09.

        ks2071746

        Comment


        • Re : No Property sales for the last one year in Chennai

          Originally posted by ks2071746 View Post
          Dear friend,

          Yes. Still it is happening in Tambaram East area. The prices are in the range of Rs. 3200 to Rs. 3300/sq. ft. in areas nearer to the Rly. Stn.
          To be very frank with you, the flat which I booked in Sept. 08 for my son for his own use, till last month, only 5 flats out of 8 in the project were sold. But when I visited last week, I found that all the flats have been sold with very minimum discounts. The flats are getting ready for occupation by end of March 09.

          ks2071746

          Dear friend

          Its nice to hear.

          I feel the builder is very very lucky (not the buyers).

          Thanks

          chataara

          Comment


          • Re : No Property sales for the last one year in Chennai

            Originally posted by chataara View Post
            Dear friend

            Its nice to hear.

            I feel the builder is very very lucky (not the buyers).

            Thanks

            chataara
            Beggars cant be choosers. Beggars are certainly not lucky!

            Comment


            • Re : No Property sales for the last one year in Chennai

              Originally posted by Natarajg007 View Post
              Beggars cant be choosers. Beggars are certainly not lucky!

              Dear friend Mr. Nataraj

              I am very lucky

              But I dont know about U

              Thanks

              chataara

              Comment


              • Re : No Property sales for the last one year in Chennai

                Originally posted by chataara View Post
                Dear friend Mr. Nataraj

                I am very lucky

                But I dont know about U

                Thanks

                chataara
                Are you a chooser? !!!

                Comment


                • Re : No Property sales for the last one year in Chennai

                  Originally posted by Natarajg007 View Post
                  Are you a chooser? !!!
                  Dear friend,

                  Nice to see some what polite arguments.

                  ks2071746

                  Comment


                  • Re : No Property sales for the last one year in Chennai

                    Originally posted by Natarajg007 View Post
                    Are you a chooser? !!!
                    Dear friend

                    I said I am very lucky (not the chooser)

                    You may be the chooser.

                    By the way it is great pleasure to see U again in this forum

                    Thanks

                    chataara

                    Comment


                    • Re : No Property sales for the last one year in Chennai

                      Originally posted by chataara View Post
                      Dear friend

                      I said I am very lucky (not the chooser)

                      You may be the chooser.

                      By the way it is great pleasure to see U again in this forum

                      Thanks

                      chataara
                      Choosers keep coming after the food is finished

                      Comment

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