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Chennai Versus Bangalore - Investment Options

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Chennai Versus Bangalore - Investment Options

Last updated: July 12 2015
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  • #21

    #21

    Re : Chennai Versus Bangalore - Investment Options

    Originally posted by sethugm View Post
    Yes Its absolute prejudice.

    From a landowners/builders perspective, they see the crore-dream is becoming as day-dream on seeing the decline in price.Huge risk is on the cards if the funds are highly leveraged .He/She tries his best to hold up the price ask the stats on 2000 to back up the data.Does anyone give the data when some claims in Crores ?

    From a buyers perspective, Some could buy a first house and some can do some investment & some can do both. Because a house earlier costed him 4 Million now is available for 2 M . He is happy as he need not to go for loan & EMI Burden. He is care-free on EMIs and not worried on job market & recession .Possibly he will thank the recession to have enabled to buy a property to live/investment.As a human nature/prejudice & he will expect the prices to further comedown.

    What the builders and promoters will do if the cement prices comes down by Rs 50 per bag. Will they retard to accept ?

    The company, which virtually single-handedly created Gurgaon, has slashed its rates for an upcoming project in Bangalore’s Bannerghatta Road by a whopping 32%. Its the reality and none can still claim the prices are appreciating * 32 % annually . Atleast for the next 2-3 years it will stagnate around 1850 (+-) 300 in that area due to the liquidity crunch & Job losses.
    Dear friend,

    Can we say, the land owners CRORE dreams are becoming MILLIONS or even LAKHS dealings?

    ks2071746

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    • #22

      #22

      Re : Chennai Versus Bangalore - Investment Options

      Originally posted by ks2071746 View Post
      Dear friend,

      Can we say, the land owners CRORE dreams are becoming MILLIONS or even LAKHS dealings?

      ks2071746
      Though I am looking for a property in Chennai , I do not want the builders crore-dream to be reduced to Million-Dream and not definitely further reduced to Lakh-dream . Then i will be looked funny & prejudiced .

      What majority of the folks here want is 'value for money' and price to be Inflation adjusted (+- 10 to 15 % ) from Y2K levels which many can afford which win-win for both buyer and promoter.

      Because other than the RE prices nothing has improved in terms of infrastructure / habitability in majority of the places. But the prices are sky-rocketing.I can hear possible higher EMI defaults & few not able to sell it now. All these are because of the exorbitant prices.Post 2005 buyers stand to lose heavily due to non-saleability if its acquired through high debt. Why that greediness ? This is the greediness which has fuelled the price escalation & current decline & possible collapse .

      Hope for the best..

      Comment

      • #23

        #23

        Re : Chennai Versus Bangalore - Investment Options

        Originally posted by sethugm View Post
        Though I am looking for a property in Chennai , I do not want the builders crore-dream to be reduced to Million-Dream and not definitely further reduced to Lakh-dream . Then i will be looked funny & prejudiced .

        What majority of the folks here want is 'value for money' and price to be Inflation adjusted (+- 10 to 15 % ) from Y2K levels which many can afford which win-win for both buyer and promoter.

        Because other than the RE prices nothing has improved in terms of infrastructure / habitability in majority of the places. But the prices are sky-rocketing.I can hear possible higher EMI defaults & few not able to sell it now. All these are because of the exorbitant prices.Post 2005 buyers stand to lose heavily due to non-saleability if its acquired through high debt. Why that greediness ? This is the greediness which has fuelled the price escalation & current decline & possible collapse .

        Hope for the best..
        Market are there NOT TO PLEASE U Sethu. So if you want 2000 prices then ur salary will also go to 2000 level. (Were you even employed in 2000! and if so were you getting atleast a 4 digit salary?)

        Comment

        • #24

          #24

          Re : Chennai Versus Bangalore - Investment Options

          Originally posted by Nataraajg007 View Post
          Make the country as HINDU country and that will solve all problems.

          Gandhi & Nehru have done the mistake of making the country as secular
          Shit, you want to propagate Hindutva here? I think Nataraaaj is a perverted clown on this board.

          Comment

          • #25

            #25

            Re : Chennai Versus Bangalore - Investment Options

            Originally posted by ks2071746 View Post
            Dear Friend,

            I don't think you are referring to Vayalur ( also called kumaravayalur ) near Trichy, very famous for the Murugan Temple. Does the Chennai side Vayalur also have a Murugan temple?
            I feel Chennai may be a better place overall for Tamilians as there are very frequent problems cropping up at Bangalore for Tamilians.

            ks2071746
            As a tamilian I feel much better off in Bangalore than in Chennai. Anyway to answer Sethugm/GoccaMocca in the same post, price of flats in Bangalore are extremely low compared to Chennai due to higher FSI in BLR. So dont sell a fake argument about DLF.

            Comment

            • #26

              #26

              Re : Chennai Versus Bangalore - Investment Options

              Originally posted by Natarajg007 View Post
              Market are there NOT TO PLEASE U Sethu. So if you want 2000 prices then ur salary will also go to 2000 level. (Were you even employed in 2000! and if so were you getting atleast a 4 digit salary?)
              Sure .It will not reach 2000 levels but move to 1998 levels.

              Definitely you would have been employed in 1984 by the time you came out of ITI you would have got a welder job and added 16 years experience by 2000.Pls avoid benchmarking others salary with your 3 digit salary.

              When a person claims buying an 400 sqft house in 1996 and claiming as 'property' I can definitely see your educational and job details.Thats not a property ..your basic need ..house

              When did you change your welder job ?
              Last edited February 19 2009, 08:54 PM.

              Comment

              • #27

                #27

                Re : Chennai Versus Bangalore - Investment Options

                Originally posted by sethugm View Post
                Sure .It will not reach 2000 levels but move to 1998 levels.

                Definitely you would have been employed in 1984 by the time you came out of ITI you would have got a welder job and added 16 years experience by 2000.Pls avoid benchmarking others salary with your 3 digit salary.

                When a person claims buying an 400 sqft house in 1996 and claiming as 'property' I can definitely see your educational and job details.Thats not a property ..your basic need ..house

                When did you change your welder job ?
                Your frustration shows the Pitchakaran in you. Bye.

                Comment

                • #28

                  #28

                  Re : Chennai Versus Bangalore - Investment Options

                  Originally posted by gone_mad View Post
                  If you are an NRI that don't mind spending 10L or 20L more for a same quality / quantity flat, go for Chennai. Bangalore was once a paradise, now it is not.
                  Dear friend,

                  Overall, Chennai is a better place than Bangalore. About 12 years back, when I was thinking of a flat to settle down after my retirement, I took into consideration various aspects including lower rates in Bangalore and ultimately selected Chennai in view of so many things taken into consideration. Only advantage may be higher return by way of rental at Bangalore than Chennai. Overall expenses will be higher at Bangalore compared to Chennai.

                  ks2071746

                  Comment

                  • #29

                    #29

                    Re : Chennai Versus Bangalore - Investment Options

                    thanks for the posts..but which area in chennai is better to buy plot max 1000 rs per sq.ft

                    Comment

                    • #30

                      #30

                      Re : Chennai Versus Bangalore - Investment Options

                      Originally posted by ks2071746 View Post
                      Dear friend,

                      Overall, Chennai is a better place than Bangalore. About 12 years back, when I was thinking of a flat to settle down after my retirement, I took into consideration various aspects including lower rates in Bangalore and ultimately selected Chennai in view of so many things taken into consideration. Only advantage may be higher return by way of rental at Bangalore than Chennai. Overall expenses will be higher at Bangalore compared to Chennai.

                      ks2071746
                      I will as a tamilian prefer to live in Bangalore anyday over Chennai, even with the fact that I have spent my schooling, B.Tech and some more years in Chennai. In Bangalore Logic prevails, In Chennai Magic prevails.
                      Cheers.

                      Comment

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