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RE business in Chennai collapsing

Last updated: August 17 2009
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  • #51

    #51

    Re : RE business in Chennai collapsing

    Originally posted by chataara View Post
    Dear friend

    I believe you didnt understand clearly this.

    The last sold price in that area was (as per news) 2.5 C. Here TOI is speaking about prime location.

    The seller may think of any fancy price.

    But If it is materialised then only you can tell that this is the market price.

    But it is not so. To put it as quoted in the paper "Given the current market

    dynamics, the valuation per ground is pegged between Rs 1.80 crore and

    Rs 2 crore". And it is not above 2.5C.

    From this news, dont you see a fall of 25 %.

    If you dont understand this point, Better ask Mr. Nataraj. He may explain this.

    Because he is expert in mathematics.

    The problem with U is you are generalising all the areas of velacherry.

    Thanks

    chataara
    dear friend the problem is exactly this all of you generalise you generalised nandambakkam as kunrathur,remember leo housing.

    for velachery the 'last price' was it for one transaction or many, if it was for one or few it is a fancy price and is generalising.
    and if the seller asking 3c is a fancy price (he might be ignorant of the scenario ,BTW it is an export reputed firm,shouldnt be very foolish)
    then the price of 2c is also a 'peg' ,an estimate by someone .you cant assume that as conclusive price.

    I know the price ,PSS group developing grand residency on the main road near sutherland,paid to get the land and the next property is also for sale,
    the best offer since last year for the next property was 1.75c (i am also a member of the health club where the buyers are members).

    well natraj the mathematician .enlighten us.
    one thing chataara i am still saying 2c itself is a hike.and i am happy to know that it is atleast pegged at that. and if 2c is good now for a prime property then 1c inside is a fair deal.
    Last edited February 24 2009, 04:48 PM.

    Comment

    • #52

      #52

      Re : RE business in Chennai collapsing

      Originally posted by abk View Post
      one thing chataara i am still saying 2c itself is a hike.and i am happy to know that it is atleast pegged at that. and if 2c is good now for a prime property then 1c inside is a fair deal.
      Dear friend

      As far as I know "hike" means "increase".

      In A particular area a plot which went for 2.5 C is

      now pegged at 1.8 - 2 C.

      From your point... Its hike.

      Very good.

      thanks

      chataara

      Comment

      • #53

        #53

        Re : RE business in Chennai collapsing

        Originally posted by chataara View Post
        Dear friend

        As far as I know "hike" means "increase".

        In A particular area a plot which went for 2.5 C is

        now pegged at 1.8 - 2 C.

        From your point... Its hike.

        Very good.

        thanks

        chataara
        thanks for teaching me hike means increase.i am indebted.
        read my post once again,and let me know what my post means.
        i might need to take some classes.go ahead read and let me know
        Thanks

        Comment

        • #54

          #54

          Re : RE business in Chennai collapsing

          Originally posted by abk View Post

          here is chataaras link

          A bevy of realtors are in the fray to jointly develop the Rattha north-east facing property, at Velachery, near MPL Motors showroom. Given the current market dynamics, the valuation per ground is pegged between Rs 1.80 crore and Rs 2 crore. Though the last big sale that happened in this area fetched Rs 2.5 crore per ground, the company is expecting to realise Rs 27 crore from the deal, according to realty sources.

          Ceebros, KGEYes, Akshaya and Vishranthi are among those who are in the race, while some of them are still being approached through real estate consulting firms.

          Two of the metro's well-known builders — Vishranti and Akshaya — confirmed that they were among the contenders, while a senior TrueValue Homes official said they too had been approached by Jones Lang LaSalle-Meghraj (JLL-M) last week with a proposal to jointly develop it. The official also said TVH wanted to see the site bef
          The valuation per ground is pegged between Rs 1.80 crore and Rs 2 crore.=== > Situation on 24 Jan 2009 ... Whats today ?

          The last big sale that happened in this area fetched Rs 2.5 crore per ground. ===> Past

          The company is expecting to realise Rs 27 crore from the deal, according to realty sources. ===> Its their wish and not the transaction executed to assume 20 % appreciation . Their wish can be anything may be 5 crores or 10 crores not to be foolishly assumed as 100 % or 300 % appreciation respectively.

          Lets wait and watch (the fun).

          Comment

          • #55

            #55

            Re : RE business in Chennai collapsing

            Originally posted by sethugm View Post
            The valuation per ground is pegged between Rs 1.80 crore and Rs 2 crore.=== > Situation on 24 Jan 2009 ... Whats today ?

            The last big sale that happened in this area fetched Rs 2.5 crore per ground. ===> Past

            The company is expecting to realise Rs 27 crore from the deal, according to realty sources. ===> Its their wish and not the transaction executed to assume 20 % appreciation . Their wish can be anything may be 5 crores or 10 crores not to be foolishly assumed as 100 % or 300 % appreciation respectively.

            Lets wait and watch (the fun).
            the valuation pegged(you failed to remind that peg also is an estimate not a transaction) on jan 24 of 2c is itself a hike which means increase (as chataara taught me) as the mkt price of many properties on main roads were not more than 1.75c /gnd. (the 2.5c was a fancy price)

            on both accounts chataaras argument fails.
            chataara assumes 'pegged' as transaction price and 2.5 c as mkt value

            i am bit more conservative on mkt price as 1.75c which is a fact(nice to know it is less than the bears) and assuming the 2c 'crash price' as told by chataara.
            let me be clear,these are chataaras claim not mine.
            i still say 20% max correction in good areas adn crash at far off places.

            so it would be better if we think twice before postins on 'pegs' and estimates
            and views of DLF chiefs and other vested intrests.

            Comment

            • #56

              #56

              Re : RE business in Chennai collapsing

              Originally posted by abk View Post
              the valuation pegged(you failed to remind that peg also is an estimate not a transaction) on jan 24 of 2c is itself a hike which means increase (as chataara taught me) as the mkt price of many properties on main roads were not more than 1.75c /gnd. (the 2.5c was a fancy price)

              on both accounts chataaras argument fails.
              chataara assumes 'pegged' as transaction price and 2.5 c as mkt value

              i am bit more conservative on mkt price as 1.75c which is a fact(nice to know it is less than the bears) and assuming the 2c 'crash price' as told by chataara.
              let me be clear,these are chataaras claim not mine.
              i still say 20% max correction in good areas adn crash at far off places.

              so it would be better if we think twice before postins on 'pegs' and estimates
              and views of DLF chiefs and other vested intrests.
              Thanks abk for letting me know that one ground is pegged * max of 1.75 C in Velachery near MPL .The final outcome of this transaction would definitely silence many arguments.But given the unfavourable conditions on all quarters, I still expect a minimum of 40 % downward correction and more percentage at far off places.

              Let us wait and watch.

              Comment

              • #57

                #57

                Re : RE business in Chennai collapsing

                Originally posted by abk View Post
                dear friend the problem is exactly this all of you generalise you generalised nandambakkam as kunrathur,remember leo housing.

                for velachery the 'last price' was it for one transaction or many, if it was for one or few it is a fancy price and is generalising.
                and if the seller asking 3c is a fancy price (he might be ignorant of the scenario ,BTW it is an export reputed firm,shouldnt be very foolish)
                then the price of 2c is also a 'peg' ,an estimate by someone .you cant assume that as conclusive price.

                I know the price ,PSS group developing grand residency on the main road near sutherland,paid to get the land and the next property is also for sale,
                the best offer since last year for the next property was 1.75c (i am also a member of the health club where the buyers are members).

                well natraj the mathematician .enlighten us.
                one thing chataara i am still saying 2c itself is a hike.and i am happy to know that it is atleast pegged at that. and if 2c is good now for a prime property then 1c inside is a fair deal.
                dear friend here you are generalizing the prime area. Though the area where PSS group is developing grand residency and the adjoining areas are prime, it its completely in water logging area and not as prime as the area near MPL Motors or near terminus.

                Chataara is comparing the near by area which sounds very much logical (From 2.5 C => 2 C).

                Comment

                • #58

                  #58

                  Re : RE business in Chennai collapsing

                  Dear friend

                  Assumption and original transaction may differ.

                  In the coming months we will know about realities in Realty.

                  Thanks

                  chataara

                  Comment

                  • #59

                    #59

                    Re : RE business in Chennai collapsing

                    Heccchhh EYE Kay EEEEE ... HIKE. So ABK, you are getting taught English on this board. Looks like many here seem to say they know English BETTER than others, especially given the pathetic English knowledge in TN.

                    Comment

                    • #60

                      #60

                      Re : RE business in Chennai collapsing

                      Originally posted by abk View Post
                      the valuation pegged(you failed to remind that peg also is an estimate not a transaction) on jan 24 of 2c is itself a hike which means increase (as chataara taught me) as the mkt price of many properties on main roads were not more than 1.75c /gnd. (the 2.5c was a fancy price)

                      on both accounts chataaras argument fails.
                      chataara assumes 'pegged' as transaction price and 2.5 c as mkt value

                      i am bit more conservative on mkt price as 1.75c which is a fact(nice to know it is less than the bears) and assuming the 2c 'crash price' as told by chataara.
                      let me be clear,these are chataaras claim not mine.
                      i still say 20% max correction in good areas adn crash at far off places.

                      so it would be better if we think twice before postins on 'pegs' and estimates
                      and views of DLF chiefs and other vested intrests.
                      Incidentally a price of 2cr/ground is pretty great in Velachery. BTW I was thinking about the guy who was singing oru kodi, rendu kodi etc to me. He must have sold his land for anju paisa and must be ruing it costing rendu kodi now! LOL!

                      Comment

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