Hi Friends,

I had been to the FAIRPRO '09 Fair.My Impression after seeing, is that prices are stagnating for all ongoing projects and builders are trying hard to hold them up.

Prices are 10-20% lower for new projects in the pipeline and for ready to occupy flats.

The discount offered at the stall was very less and were in the range 150-500 Rs/sqft max.

For the benefit of fellow members I am posting the project/price details of some of the properties.



Akshaya Foundations

Adora - OMR - 3750/sqft
Aikya - Adyar - 12500/sqft

Alliance Group - Orchid Springs - 3199/sqft

Arihant Foundations

Heirloom - Thalumbur - 2499/sqft
Escapade - Thoraipakkam - 4150/sqft
Villa Viviana - Maramalai nagar - starting from 1 Crore

Asvini Foundations

Amarisa-phase1 - Ramapuram - 4500/sqft
Amarisa-phase2 - Ramapuram - 4250/sqft
Akshita - Madipakkam - 3800/sqft

Casa Grande

Riveira - Palikkarnai - 3450/sqft - before discount 3600/sqft
Silver Oak - Perungudi - 4300/sqft - before discount 4500/sqft
Madhuban - Madipakkam - 3300 /sqft - before discount 3500/sqft
Mylapore - R.K.salai - 12500/sqft
Plots
Ponmar -785/sqft - before discount 825/sqft
Maraimalainagar - 790/sqft - before discount 825/sqft

CeeDeeyes - Chenni Pattinam

Basic Rate - 1600/sqft All Inclusive - 2075/sqft

Chaitanya shanthiniketan

Sunnyvale - Ayanavaram - 4850/sqft
Serena - Rajkilpakkam - 2550/sqft
Gardenia - OMR - 1900/sqft
Green Park - Chitlapakkam - 3300/sqft

DLF

Gardencity - 3200/sqft - was told slash in prices expected in coming weeks.

Doshi Housing

Etopia I and II - Perungudi - 3895/sqft
Nakshatra - Tambaram - 2995/sqft - Completion May 2010
Tranquil - Velachery - 5500/sqft - Completion February 2010
Trinity park - Santhoshpuram,Vengaivasal - 3195/sqft - Completion April 2009
Serene Couny-Villas - Santhoshpuram,Vengaivasal - 2200,2600/sqft
LlanStephan - Chetpet - 9000/sqft - Completion May 2009
Sri Mahalakshmi - Ayanavaram - 4495/sqft - Ready to Occupy

ETA

Rosedale - OMR - 3100/sqft
Le Chalet - Villas - Sriperambudhur - 26 Lakhs - 37 Lakhs

Hiranandani Upscale - 4200/sqft

Hiranandani Palace Gardens - 3475/sqft

Indus Housing

anantya - Navalur,OMR - 2299/sqft + 400(other charges)
riviera villa - Navalur,OMR - 90 Lakhs onwards
habittera - urapakkam,GST - 2399/sqft + 400(other charges)
amber - Saidapet - 4750/sqft

Jain Housing

Ankush Prakas - Kilpauk - 7500/sqft - Ready to occupy
Amrit Kailash - Strahns Road - 4500/sqft - Ready to occupy
La Gardenia - Nungabakkam - 7500/sqft - Ready to occupy
Ansruta - Valluvarkottam, nungabakkam - 10000/sqft - Ready to occupy
Antariska - Kodambakkam - 4500/sqft - Ready to occupy
Eiffel Garden - Vadapalani - 4250/sqft - Ready to occupy
Saagarika - M.R.C Nagar, sea facing - 10000/12500 - Ready to occupy
Green acres - Pallavaram - 3900/sqft - Ready to occupy
Abhishek - Selaiyur - 3500/sqft - Ready to occupy.

Jamals

Orchid - Palikkarnai - 3500/sqft
Palazzo - keelkattalai - 3700/sqft
Grandeur - Velappanchavadi(near saveetha dental college) - 3200/sqft

KGEYES

3 Projects on L.B.Road, Thiruvanmiyur - 6650/sqft
Delmare - Beach road,Thiruvanmiyur - 7000/sqft
Carolina - Velachery,Taramani - 4500/sqft
Swathi - Sastri Nagar,Adyar - 8500/sqft
Kalakshetra - 8000/sqft

Landmark Constructions

Tiara - Perungudi - 4000/sqft - Completion on August 2009
Aston Ville - Vadapalani - 5500 sqft - Completion on July 2009
Tudors Place - K.K.Nagar - 6500/sqft
The Address - Adyar - 11500/sqft
The Grange - Palavakkam - 7500/sqft
Cenralia - Chrompet - 2950/sqft - prelaunch
Gem Towers - AnnaNagar - To be launched.
Mahalakshmi Heights - Ashok Nagar - To be launched

L&T Estancia
Construction in Progress
1st-3rd Floor - 3950/sqft
4th -12 floor - floor rise charge of 20/sqft for each floor
13th - 17th - 4450/qft

L&T Eden Park - 3600/sqft

Mantri Synergy - OMR
2800/sqft - with 20/floor rise
Special offer - First Floor - all inclusive
1140 sqft - 33,67,000
870 sqft - 28,50,000

Navin Housing

Dayton Heights - Nelson Manickam road - 6500/sqft + 30/sqft floor rise from 2nd floor
Subha Mangala - Ramapuram - 4200/sqft
Brookfield - Nanmangalam - 3500/sqft
Merrylands - Medavakkam - 3500/sqft

Olympia Opaline - 3441/sqft - spl budget flats available

PACE Builders

Anna nagar west - 4195/sqft - before discount 4495/sqft
Selaiyur - 3195/sqft - before discount 3495/sqft
Valasarvakkam - 2795/sqft - before discount 3295/sqft

PS Srijan

The Grand - Velachery - 5250 sqft - before discount 5500/sqft - Floor Rise applicable from 4th floor

Rajparis

Harmony - Medavakkam - 3100/sqft

Rajarathnam Constructions

RC Prince Gardenia - Perambur redhill road,Kolathur - 3600/sqft

Rajkham

Independant houses - Ayyapathangal - 2600/sqft

Real Value

Sai Skanda - Velachery - 4200/sqft
Sai Surya - Palikaranai - 3800/sqft
OMR opp SIPCOT - 13.20 Lakhs onwards

Shriram Properties

Trishakti - SIPCOT - 2750/sqft
Shankari - 1990/sqft

Sidharth foundations

Tulip - k.k.nagar west - 4800/sqft - completion march 2009
Natura - medavakkam - 3100 /sqft - completion july 2009
Visvaleela - Annanagar - 8500 /sqft - to be launched
Dakshin - Urapakkam - price TBD - to be launched
upcoming projects in porur, thoraipakkam, rajkeelpakkam, mogappair.

SIS

Safaa - Urappakam - 3150/sqft

SSPDL

Crescent - Kelambakkam - Vandalur Road - 2500/sqft
Upcoming 2 villa project one in OMR and one in Sriperambathur.

Sumanth & Co

Thiruvanmiyur - 6000/sqft
Besant Nagar - 11500/sqft

TVH

Lumbini square - Pursaiwalkam - 5500/sqft + 30/sqft floor rise from 5th floor
Ouranya Bay(Premium) - OMR,Padur - 3100,3200 + 25/sqft floor rise from 5th floor
Ouranya Bay(Budget) - 2bhk - 20 Lakhs
3bhk - 30 Lakhs
Ekanta - Coimbatore - 3100/sqft
Revata - Mogappair east - 4500/sqft
Kamya - K.K,Nagar - 7000/sqft
Metro Golden Nest - Sriperambathur - 1bhk - 15 Lakhs
2bhk - 22 Lakhs
3bhk - 28 Lakhs

VGN Group

Minerva - Mogappair,Nolumbur - 2975/sqft
3 in 1, 4 in 1 - 3800/sqft
Mahalakshmi Nagar,Thiruverkadu - 3500/sqft
Plots
Mugalivakkam - 52 Lakhs/grnd
Selaiyur - 50 Lakhs/grnd
SPKoil - 34 Lakhs/grnd
Katankulathur - 22-27 Lakhs/grnd

Yuga Homes

Shem Park - chemmenachery - 3300/sqft
Upcoming in Koyambedu, R.A.Puram(8000/sqft)



There are lots of properties and also lots of potential buyers.There is sure a sense of uncertainity among the builders and also the buyers on when to make the next move.It was evident that correction in RE prices have started to happen.

Requesting members to respond with their thoughts on the current trend.
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  • chennai investment guide 2014

    Chennai residential micro markets have been stable with moderate price appreciation of 8 – 10% in the past one year, according to a recent research report. It was further stated that new buyers are now focussing more on Western and Northern parts of Chennai.

    The report titled 'Solid Grounds for smart property decisions' brought out by stated that there is a shift in buyer focus from the Old Mahabalipuram Road (OMR), East Coast Road (ECR) to Chennai. Porur, Medavakkam, Perambur, Madhavaram, Pallikarnai, Kolathur are few such developing markets in the Western and Northern part of the city.

    Owing to the success of Velachery in the past few years, its neighboring markets namely Medavakkam and Pallikarnai are also seeing high real estate demand. The localities along GST Road namely Pallavaram, Chrompet, Tambaram lie in close proximity to the city, airport and still have lower pricing. Localities beyond Vandalur till Chengalpettu are ideal for land investments, said the report.

    The proposed monorail will further improve the connectivity of GST Road with the other parts of the city.

    “There is hesitation seen amongst buyers due to slow pace of infrastructure development in developing areas especially the OMR belt. Infrastructure development would play a vital role in making localities in OMR and other suburban areas liveable. Poor access, lack of proper water and drainage system top the list of grievances among Chennai suburb residents,” said in the report.

    It was further focus on improvement of public modes of transport has been one of the major highlights in Chennai and it was evident from the expansion of the existing highways, work on Chennai Metro Rail Project and the Outer Ring Road. With in progress infrastructure projects taking shape, the demand and capital values are expected to rise across all sectors. Going forward, growth in Chennai would not solely be determined by the IT/ITES sector, but also by the transport corridors of the above mentioned infrastructure projects. Chennai market is looking forward to the MRTS and BRTS projects to give the city a new face in 2014-15.

    On the Outlook it was stated that there are speculations in the market that there is a possibility of OMR suffering from oversupply situation in the future, but the report said going forward growth in Chennai would not solely be determined by the IT/ITES sector, but

    also the transport corridors of in progress projects and infrastructure development would play vital role in making localities on OMR liveable.

    On the East Coast Road (ECR), the report said as the Road extends along the Bay of Bengal and is a popular weekend getaway destination for Chennaiites, byers prefer staying on ECR belt as its close to the city and yet away from the hussle bussle of the city. In the last five years property rates have escalated by more than double here and bBuying land is not an easy task here as most the land is owned by locals from the small fishermen villages present on ECR.
    CommentQuote
  • Micro markets emerging | Deccan Chronicle

    Chennai: Home buyers in Chennai are focusing on emerging micro markets, such as Porur, Medavakkam, Pallikaranai, Vandalur, Guduvanchery, Chengal­pettu and others that are likely to see a property price rise in the range of 10 to 30 per cent in the next few years, according to a study on Chennai’s residential market by property portal, Indiapro­per­ty.com.

    Despite residential property rates on OMR and its neighbouring micro markets shooting up over 15 times since 2000, most of them lack infrastructure. They had no sewerage lines nor municipal water supply. They were also plagued by water logging, which made it impossible to live there, the report said.
    CommentQuote
  • Looking for plots or villas in chennai

    Hello all,

    I am interested in buying either a land or villa in Chennai. My budget maximum 65 lakhs. The property is for investment purpose (returns in the next 10 years).I would appreciate your advice and suggestions on where to buy, whether to go for villa or plot, how much secure it is to buy a plot.

    Cheers,
    Sirisha
    CommentQuote
  • Reality check for the real estate market

    The economic slowdown and no sign of interest rates cooling off have led to high inventory across realty markets

    More glaring is the fact that, in spite of sales contraction across most markets except Bangalore and Hyderabad compared with the March quarter, inventory levels across the country’s leading cities are elevated. Chennai, the market touted as the most stable, has the highest inventory of 44 months, followed by Mumbai and the national capital region. Inventory increased after a spurt in approval of new projects about six months ago that led to increased momentum in new launches.
    photo

    The economic slowdown and no sign of interest rates cooling off have led to high inventory across realty markets in leading cities. This is likely to keep residential property prices under check. Experts envisage more incentives for buyers in some regions like Chennai and even a 5-10% price cut in regions like Mumbai and the national capital region.

    Reality check for the real estate market - Livemint
    CommentQuote
  • Chennai South Zones- Potential Investment & residential Areas & Price Range - Detailed Self Analysis

    Hi All,

    A Summary of my investigational analysis on Investment and Residential areas in Chennai South as Attached. These data are limited to my self-analysis. The price mentioned are minumn price range for 1 Ground.:bab (4):
    https://api.indianrealestateforum.com/api//v0/attachments/fetch-attachment?node_id=36425

    The High Resolution Images have been Zipped as attachment for better visulaization.

    https://api.indianrealestateforum.com/api//v0/attachments/fetch-attachment?node_id=36421

    https://api.indianrealestateforum.com/api//v0/attachments/fetch-attachment?node_id=36422

    https://api.indianrealestateforum.com/api//v0/attachments/fetch-attachment?node_id=36423

    https://api.indianrealestateforum.com/api//v0/attachments/fetch-attachment?node_id=36424
    CommentQuote
  • Originally Posted by cityhunter
    Hi All,

    A Summary of my investigational analysis on Investment and Residential areas in Chennai South as Attached. These data are limited to my self-analysis. The price mentioned are minumn price range for 1 Ground.:bab (4):
    https://api.indianrealestateforum.com/api//v0/attachments/fetch-attachment?node_id=36425

    The High Resolution Images have been Zipped as attachment for better visulaization.

    https://api.indianrealestateforum.com/api//v0/attachments/fetch-attachment?node_id=36421

    https://api.indianrealestateforum.com/api//v0/attachments/fetch-attachment?node_id=36422

    https://api.indianrealestateforum.com/api//v0/attachments/fetch-attachment?node_id=36423

    https://api.indianrealestateforum.com/api//v0/attachments/fetch-attachment?node_id=36424


    Nice one. But some or the areas prices seem to be quoted on higher side. Puzthivakkam, Madipakkam, kelakatalai plot rate minimum 1.5 cr. Am I outdated?. Is it the rate quoted for those areas?
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  • Originally Posted by srivat
    Nice one. But some or the areas prices seem to be quoted on higher side. Puzthivakkam, Madipakkam, kelakatalai plot rate minimum 1.5 cr. Am I outdated?. Is it the rate quoted for those areas?


    these are the rates as per his analysis but not the CMP.
    many areas have been quoted at a huge premium for no reasons.:bab (59):
    CommentQuote
  • CMP commands a premium due to various factors.

    so we could not tell his calculation is high.
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  • what is cmp
    CommentQuote
  • Originally Posted by chennaidesi
    what is cmp


    CMP -Current Market Price I think :)

    @Subramania

    How long are we going to fool ourselves telling this?. Can you explain that various factors?
    CommentQuote
  • Originally Posted by srivat
    CMP -Current Market Price I think :)

    @Subramania

    How long are we going to fool ourselves telling this?. Can you explain that various factors?


    CMP stands for Current Market Price.

    in today's world of modern technological speculation, ppl say that they are calculating risk and foreseeing future. so the prices quoted are for the next 10 years' "so called" development (in case anything happens).

    the prices quoted in my opinion are the targets for next 10+ years.
    speculation is different from analysis.
    just because the price is low doesnot mean that it will rise in future.
    it must have the social setup and solid reasons for the buyers to occupy the areas.

    i am eagerly waiting to hear the factors for the impractical CMPs projected for tier 3 suburban areas where there are no public access.

    waiting to :D:D:D
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  • Originally Posted by subramania
    CMP commands a premium due to various factors.

    so we could not tell his calculation is high.


    please explain us the god known secrets.
    CommentQuote
  • if the plot tempts me in good locality like near to main road

    if the size of the plot has more frontage

    if the plot in 60 or 40 feet roads

    if it is in good facing like north or east

    if the documents are sale deed documents

    here i wont bargain and loose the plot telling that its above market price if i like the plot for my dream house.

    investors are the one who speaks about market price....property index....expected returns good poor....

    these are not the god know facts....every common man knows it dude.
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  • Originally Posted by rg9274
    CMP stands for Current Market Price.

    in today's world of modern technological speculation, ppl say that they are calculating risk and foreseeing future. so the prices quoted are for the next 10 years' "so called" development (in case anything happens).

    the prices quoted in my opinion are the targets for next 10+ years.
    speculation is different from analysis.
    just because the price is low doesnot mean that it will rise in future.
    it must have the social setup and solid reasons for the buyers to occupy the areas.

    i am eagerly waiting to hear the factors for the impractical CMPs projected for tier 3 suburban areas where there are no public access.

    waiting to :D:D


    waiting to :D:D:D
    got the answer

    also explain the tier 1 tier 2 tier 3.....

    every area gets upgraded in mean coarse of time.

    velachery and guindy too tier 3 before some years.

    dont just oppose city hunters work

    its too good according to him and many other who had given likes
    CommentQuote
  • Originally Posted by subramania
    waiting to :D:D:D
    got the answer

    also explain the tier 1 tier 2 tier 3.....

    every area gets upgraded in mean coarse of time.

    velachery and guindy too tier 3 before some years.

    dont just oppose city hunters work

    its too good according to him and many other who had given likes



    still no facts.. try better luck next time.. if you think history is fact.. please change your mind.. likes given are for the efforts of City Hunter who has spent his personal time to share his strategy in a presentable format.. if you have seen post's that deny the rates as well right..


    The RE now will not see a growth what it has seen in the past decade.. past decade is kind of 'superman' stuff, whomever played had profitted a lot. if some one thinks to play the same strategy "buy anywhere, any price.. it will apprciate after 2 years" they will be in a sorry state later.

    remember many areas are hyperrated(not over rated) without good fundamentals.. they will have to seea downtime..
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