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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  • More rate rises on the pipeline?

    Reserve Bank of India Governor Raghuram Rajan is set to use consumer-price inflation as the main guide for monetary policy for the first time, a shift that signals further increases in the benchmark interest rate.

    Interest Rates

    Core inflation remains high, Rajan told reporters yesterday during a visit to Frankfurt, Germany. Domestic inflation is a better policy anchor than the exchange rate for emerging-market central banks, he said.

    ‘Inflation Hawk’

    Rajan, vowing to fight price pressures, raised the repo rate by a quarter point to 7.5 percent in his first review on Sept. 20. He also eased some liquidity curbs in the banking system imposed by predecessor Duvvuri Subbarao to support the rupee.
    “Rajan lived up to his reputation of inflation hawk,” said Sonal Varma, an economist at Nomura Holdings Inc. in Mumbai. “Low and stable inflation expectations are a cornerstone for sustainable growth.”
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  • CBD vs suburbs

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  • i see some houses even closer to city is struggling to get tenant for rs 12 psqft. i see here the average as Rs.16. psqft. i guess they did the survey by seeing the quoted price of owners for their flats in maakan.com. they did the survey without moving anywhere just making some programs to calculate the avg rent from their database of quoted prices..
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  • Hi Silpong
    I am looking for property in Ashok Nagar and near by areas.

    thanks
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  • CREDAI is conducting FAIRPRO in the United States during month of October.



    Friends in US, please post the current price and trend, if you happen to attend. Thanks in advance.
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  • Originally Posted by iceemani
    i see some houses even closer to city is struggling to get tenant for rs 12 psqft. i see here the average as Rs.16. psqft. i guess they did the survey by seeing the quoted price of owners for their flats in maakan.com. they did the survey without moving anywhere just making some programs to calculate the avg rent from their database of quoted prices..


    There are wide variations in rental rates based on multiple factors like :

    * Whether ample parking space is available or not.
    * What extent the rented flat/house is furnished.
    * Closeness to essential amenities - school, market, bus/auto stop, main road, hospitals etc maybe in that order..
    * Availability of water !
    * Closeness to big places of work - thus flats in very bad areas of manapakkam get high rentals just because, it is close to DLF IT City..

    So no single parameter. Generally speaking even poor , old flats in interior areas of city command high rentals (Rs 20 sqft plus) while outer exurbs (urapakkam/madambakkam/avadi) go to other end with Sub Rs 5 per sqft rentals. But as i said, there are exceptions and location matters a lot.
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  • Discounts: received by e-mail..
    Attachments:
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  • No one can read the above and hence can not be grabbed
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  • reloaded the image!
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  • Looking at the Pammal project, DAC Sairam

    2-BHK in 483 sqft saleable area.

    Is this even possible, may be the rooms are 7X7.

    Maybe they converted one of the bathrooms to a bedroom.
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  • Originally Posted by k11
    Looking at the Pammal project, DAC Sairam

    2-BHK in 483 sqft saleable area.

    Is this even possible, may be the rooms are 7X7.

    Maybe they converted one of the bathrooms to a bedroom.


    The discount broucher is wrong. It is 1 BHK for 483 sq ft. Bedroom size of 11*9.
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  • Gold souk mall construction picking up in vandalur.pizza corner in a banner asking for employees there.

    Kalyan grand stay hotel construction started in vandalur.

    Adyar anadha bhavan now starts just opposite to estancia guduvanchery.

    Is the wait over for gst behind tambaram
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  • Originally Posted by subramania
    Gold souk mall construction picking up in vandalur.pizza corner in a banner asking for employees there.

    Kalyan grand stay hotel construction started in vandalur.

    Adyar anadha bhavan now starts just opposite to estancia guduvanchery.

    Is the wait over for gst behind tambaram


    Yes saw glass cladding slowly coming up around Gold Souk. Hope this time they take it to completion.

    Any idea what is happening in the grade separator few meters before VK road junction on GST road. Is it the ORR road spill up or something else? Saw grade separator getting cleared and measurements work going on. Few beams are also up.
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  • The last two days my mailbox is being spammed with this following Pre-Emi offer from XSReal. Seems like a desperate bid to offload inventory.

    Assuming a 24 months possession time, and loan of 80%, 10% interest rate, roughly a 16% savings, without compounding. Also, the risk will be on builder to handover asap. This is as good as a 16% price cut along with lesser risk for buyer.

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  • Originally Posted by srivat
    Yes saw glass cladding slowly coming up around Gold Souk. Hope this time they take it to completion.

    Any idea what is happening in the grade separator few meters before VK road junction on GST road. Is it the ORR road spill up or something else? Saw grade separator getting cleared and measurements work going on. Few beams are also up.


    its just the entrance for ORR from GST
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