Announcement

Collapse
No announcement yet.

Property Price Trends in Chennai

Collapse
This is a sticky topic.
X
X
Collapse

Property Price Trends in Chennai

Last updated: 3 weeks ago
2452 | Posts
  • Time
  • Show
Clear All
new posts

  • Re : Property Price Trends in Chennai

    With due respects if you just go a 100 feet away from Boatclub area you will have the polluted waters of Adayar river at your doorstep. So if you are talking about 2 to 3 streets mostly filled with Embassies and Banks and say that is the best place I cant help you. Think of it; most of Old Chennai is inhabited by some form of slum. Well to get 2 streets of bungalows do I pay 20 times the price I pay on the suburb is the question. Well I have lived a major part of my early life in IIT campus and I can tell you till the bridge was opened in Kotturpuram it was considered a no go area. Way back in the 70s we will cycle to the dead end on the Kotturpuram road. So many snob views are just for that generation which believes it is the end of the world. No place is sacrosanct and certainly no place in Chennai. I personally think in Chennai folks in the CBD are highly prejudiced and that is why they dont move. Anyway think as you want; I am out of Chennai and will be happy to live in Bangalore. Just that I try to dispose of the many properties in Chennai and convert them to Bangalore ones! Cheers.

    Originally posted by k11 View Post
    Agree with you on importance.


    If you take out the money part, best place to buy land for building a home is Boat Club. Affordability and getting one available is a different question.
    We need to separate them. But lets say I have the money, why would I want to live in Maraimalai Nagar instead of Boat Club.

    Comment


    • Re : Property Price Trends in Chennai

      Did I promise anything to a person like you Wise? I behave the way that is RIGHT. You call me Jekyl and Hyde but what a psychophant are you calling yourself Wise when you have been shown and you agreed that you were wrong predicting RE bearishly for the past many years.
      Anyway I am not having a dig at you regarding Mylapore, as you dont deserve such attention, especially after you sold off your stock for a song (RK Salai). What shames IITians is not for you to say as you are not one! So just get busy writing your incorrect predictions. As far as I am concerned there is no such special thing about Mylapore except the imaginary snob value the folks there generate. If 10 folks say some Wiseypet is the best place another bunch join up and this goes on till someone shows the truth. Ofcourse in this forum where it is controlled by folks like you truth cant survive. However as far as Mylapore is concerned it is not the preferred place for all and sundry; just for that 10 folks who keep trumpeting it is the top place in the world. (Just like you trumpet about Koramangala since you entered Bangalore in the 90s! I could trumpet Malleswaram but I aint mad enough to make such conclusions! I know the snob value of our property in Malleswaram and the new value of Kormangala.)
      Anyway enjoy your hurt feelings and vendatta you have towards me. I have not much time to write back to you every now and then. All I want to say for sure is, you seem to lie blatantly and even when your predictions have all been nothing but 100% incorrect you the WISE man, continues to give additional wrong views. Let the readers enjoy it.
      Finally if you want to get me banned again, I wont die because of that! Will I? I just entered here to only let the forum know how brilliant you were to predict a MAD BEAR MARKET from 2008 when actually the market is rising. Maybe Bears to you mean Bulls! LOL!


      Originally posted by wiseman View Post
      Ramkshan,

      ZeeEnn has a long and not too good experience on this forum. Basically, every now and then he gets an itch in an unreachable location of his anatomy and shoots off at a tangent to get some relief!

      This is a Jekyll & Hyde kind of personality.

      At times he will be sweeter than syrup. Then suddenly, when the itch starts, he'll go off at a tangent and froth at the mouth!!!

      In his old avatar of Natarajg, he got so obnoxious that he was banned and cooled off gor a long time before returning as Allmighty.

      Now he's back as ZeeEnn and though he professed good behavior, he's sliding in these pinpicks and soon it will get worse.

      Claims to be an IIt'ian but his general behavior shames all IIT-ians!
      No problem. Just ignore him since he seems to be having an inferiority complex that he does not have property in Mylapore!

      If you didn't realise, his Mylapore dig was a dig at me. Ignore and get on with life. Best way to handle ZeeEnn is to make him irrelevant when he behaves badly!

      cheers

      Comment


      • Re : Property Price Trends in Chennai

        Originally posted by k11 View Post
        Agree with you on importance.

        But lets say I have the money, why would I want to live in Maraimalai Nagar instead of Boat Club.
        But I thought you preferred to live in the "CBD"

        Why would you live in a suburb called Boat Club that is some were 12 Kms away from "CBD" Gemini.

        I Grew up in a suburb called RA Puram in 80s (Karpagam Gardens to be specific and attended St Johns school at Mandeveli, hanging out at Romus and beaching at Foreshore estate, praying at Ayyapan temple, Playing cricket at MRC nagar ground)

        If you also call Boat Club as "CBD" Then your Idea of CBD is very convoluted.

        Can you give the appropriate square Kilometre of your version of “CBD”

        A suburb is a residential area, either existing as part of a city or as a separate residential community within commuting distance of a city.
        As suburb can be divided as inner city suburbs and Outer city Suburbs.

        RA Puram is an inner city Suburb of Chennai, While Poonamalie is an outer suburb of Chennai. RP puram is certainly not CBD of Chennai.

        A suburb does not have to be outside city area.

        The bottom line is using the town planning scale of the west is not applicable to Chennai (and many Asian countries)

        I loved living in RA Puram as a young bog & teenager and later as an adult In Anna Nagar.

        I have properties in both Inner City Suburbs (Not Gemini) and outer city Suburbs.

        If I return to India I would prefer to live in a house in the suburbs called Besant Nagar or Anna nagar, I have considered living on the beach in the outer suburb called Uthandi (I don’t have any investment in ECR)

        I confused by the reference of CBD & Suburbs in this forum.

        I prefer the goverment of Tamil Nadu's electrol version - Central Chennai, North Chennai, South Chennai etc.





        Comment


        • Re : Property Price Trends in Chennai

          Originally posted by Economist View Post
          If you also call Boat Club as "CBD" Then your Idea of CBD is very convoluted.
          I did not mention Boat Club is CBD.

          I just said if I want to buy a home in city, I would choose Boat club.

          Comment


          • Re : Property Price Trends in Chennai

            Originally posted by k11 View Post
            I did not mention Boat Club is CBD.

            I just said if I want to buy a home in city, I would choose Boat club.
            Do you agree boat club is not CBD and it Is a suburb?

            Comment


            • Re : Property Price Trends in Chennai

              Originally posted by Economist
              Why would you live in a suburb called Boat Club that is some were 12 Kms away from "CBD" Gemini.
              Boat Club is not more than 5-6 km from Gemini.

              Originally posted by K11
              When it comes to VFM, then maybe Sripermabadur might be good. CBD might have more increase. Who knows what the situation will be in future.
              Over a longer period of time, the valuation multiple of CBD to burbs is shrinking and will continue to shrink going forward. So, CBD will have more increase may be true in a short term say 1-5 years. Over a 15-20 year period, burbs will trounce CBD by a good multiple (not margin).

              Compare Vandalur/Uthandi/Porur/Maduravoyal prices of 90s with CBD and compute the same ratio now. I left OMR as a special case and we should also leave Poes Garden/Boat Club for comparison as they are special situation cases as well.

              Originally posted by k11
              Most people buy in Suburbs like Sriperambadur for speculation
              May be true for those who buy it for a year or two. Buying for a long term is investment. So, it is not a burb or location that determines but the attitude and horizon of the investor.

              Maverick

              Comment


              • Re : Property Price Trends in Chennai

                Originally posted by Economist View Post
                Do you agree boat club is not CBD and it Is a suburb?
                I will NOT call it Suburb.
                It is a very much part of City.

                Baot Club is NOT CBD.

                Comment


                • Re : Property Price Trends in Chennai

                  Originally posted by k11 View Post
                  I will NOT call it Suburb.
                  It is a very much part of City.

                  Baot Club is NOT CBD.
                  If it in not CBD and not a Suburb then what is it?

                  Comment


                  • Re : Property Price Trends in Chennai

                    Originally posted by maverick007 View Post
                    Over a longer period of time, the valuation multiple of CBD to burbs is shrinking and will continue to shrink going forward. So, CBD will have more increase may be true in a short term say 1-5 years. Over a 15-20 year period, burbs will trounce CBD by a good multiple (not margin).

                    Compare Vandalur/Uthandi/Porur/Maduravoyal prices of 90s with CBD and compute the same ratio now. I left OMR as a special case and we should also leave Poes Garden/Boat Club for comparison as they are special situation cases as well.

                    May be true for those who buy it for a year or two. Buying for a long term is investment. So, it is not a burb or location that determines but the attitude and horizon of the investor.
                    I agree with you, I was just making a point of End-Use.

                    Speculation is also a type of Investment. But I understand it. I am not disputing it.

                    End Use comes before Investment and Speculation.

                    Comment


                    • Re : Property Price Trends in Chennai

                      Originally posted by Economist View Post
                      If it in not CBD and not a Suburb then what is it?
                      Sir, I thought you said you travelled several countries.

                      Not sure what you are trying to accomplish asking me these questions.

                      CBD - Central Business District.

                      Everything outside CBD is not a suburb.


                      sub·urb


                      1. a district lying immediately outside a city or town, especially a smaller residential community.
                      2. the suburbs, the area composed of such districts.
                      3. an outlying part.

                      Suburb | Define Suburb at Dictionary.com
                      Last edited October 26 2012, 08:23 AM. Reason: Added - Everything outside CBD is not a suburb.

                      Comment

                      Have any questions or thoughts about this?
                      Working...
                      X