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.
Read more
Reply
2345 Replies
Sort by :Filter by :
  • Around 24 builders visited USA Fairpro.. I shall update the prices in and around medavakkam projects which I visited later .. From L& T visitors list around 50 people visited in santa Claura & dallas..They felt the response was very poor.. But don't know about the bookings happened.(if at all).

    Akshaya

    Amarprakash

    Temple Waves - Chromepet - Apartments, 2, 3 BHK
    The Royal Castle - Chromepet - Apartments, 1, 2, 3 BHK


    Arun Excello Foundations Pvt Ltd

    Estancia - GST Road - Apartments, 3 BHK
    Temple Green - Oragadam - Apartments / Town houses, 1, 2, 3 BHK
    Lathangi - Oragadam - Apartments, 1, 2 BHK

    Asvini Foundations Pvt Ltd

    Amanya - Thiruporur, Guduvancheri Road, Off OMR & GST Road - Apartments, 1, 2, 3 BHK
    Atvarika - Kovalam, Kelambakkam Main Road - Apartments, 3 BHK
    Akila Heights - Velachery - Apartments, 1, 2, 3 BHK
    Avani - Coimbatore
    NRD Towers - Poonamalle, Avadi Road - Apartments, 1, 2, 3 BHK

    Barath Building Construction (India) Private Limited (BBCL)

    Sand Shore - Palavakkam, ECR - Apartments, 3 BHK
    Ojas - T.Nagar
    Sukhin - Thiruvanmiyur
    Harsham - Thoraipakkam, OMR
    Thejus - Ambattur - Apartments, 3 BHK
    Ashraya - Thoraipakkam, OMR - Apartments, 2, 2.5, 3 BHK
    Sukriti - T.Nagar
    Sampoorna - Sholinganallur, OMR
    Vajra - Nolambur
    Prakriti - Thiruverkadu
    Navarathina - Ambattur


    Devinarayan Housing & Property Developments Pvt Ltd

    Vaishnovi - Thirumullaivoyal - Apartments, 2, 2.5, 3 BHK
    Temple Gate - Kotturpuram - Apartments, 2, 3 BHK
    Sai Sagar - Adyar
    Shanthi - Mandaveli


    Elysium Properties

    Indus

    Isha Homes (India) Private Limited

    Aara - Alwarpet
    Maanickam - alwarpet
    Mia Villas - Pudupakkam - Villas, 2, 3 BHK
    Poriyagham - Alwarpet
    Gayatri - Porur
    Armonia - Coimbatore

    Jain Housing and Constructions Ltd

    Jains Alphine Meadows - Pallavaram - Apartments, 2, 3 BHK
    Jains Inseli Park - Padur - Apartments, 2, 3 BHK
    Jains Surabhi - Kilpauk - Apartments, 3, 3.5 BHK
    Jains Archway - Kilpauk - Apartments, 3 BHK
    Jains Sukriti - Mugappair - Apartments, 1, 2 & 3 BHK
    Jains Cedar Crest - Pallavaram

    Landmark Construction

    Vertica - Gopalapuram - Apartments, 2, 3 & 4 BHK
    The Grange - ECR, Palavakkam - Villas, 4 BHK
    Tivoli - Mogappair - Apartments, 2, 3 BHK
    Ayna - Virugambakkam - Apartments, 2, 3 BHK
    Orlando - Korattur
    Uday Villas - Gopalapuram
    Gem Stone - Anna Nagar West Extension
    Aqua - Neelangarai
    Geethanjali - Anna Nagar West
    Crescent - Adyar

    L & T Realty

    Mantri Developers Pvt Ltd

    Mantri Signature Villas - ECR

    Mangal Home Builders(MB)



    Navin Housing & Properties Pvt Ltd

    Star Wood Towers - Vengaivasal - Apartments, 2, 3 BHK -4700/- psf +30/- floor rise from 3rd floor (tower I & II 216 available)
    Navins Hill View Avenue - Thirumudivakkam - Apartments, 2, 3 BHK - 3900 psf +30/- floor rise from 3rd floor
    palm fronds, karapakkam - 8000psf (4 available)
    whiteberry moolakadai - 5189 psf +30/- floor rise from 3rd floor
    eden park ,gerugambakkam - 5500 psf +30/- floor rise from 3rd floor
    shristi , keelkattalai - 6000psf
    springfield,vadakkupattu - 4500, BLOCK A - RTM, BLK C - LAUNCHING SHORTLY
    DHEERAIKYA, NANGANALLUR - S + 3 , 9000/-
    JAYARAM GARENS, MANAPAKKAM - S + 4, 6600/- : RTM
    MARIES DALE, SEMMENCHERY - S + 4, 5000/-: RTM

    Newry Properties

    Newry Park Towers - Anna Nagar West - Apartments, 2, 3 BHK
    Newry Celestial - Poonamallee - Avadi High Road
    Sobhita - Pallikaranai
    Elite - Cathedral Garden Road, Nungambakkam

    Olympia (Khivaraj Tech Park Private Limited)

    Panache - Navallur - Villas, 3, 4, 5 BHK
    Opaline - Navalur - Apartments, 1, 2, 2.5, 3, 4 BHK
    Opaline Sequel - Navalur
    Grande - Pallavaram - Apartments, 1, 2, 2.5, 3, 4 BHK
    Reflection - ECR



    Ramky Wavoo Developers Pvt Ltd (RWD)

    Elysium - Kelambakkam - Apartments, 3 BHK
    Atlantis - Nelson Manickam Road - Apartments, 1, 2, 3 BHK

    Ruby Builders & Promoters

    Ruby Elite - Santhoshapuram - Apartments, 2, 3 BHK
    Ruby Flamingo - Mannivakkam - Apartments, 2, 3 BHK




    Sidharth Foundations & Housing ltd

    Sidharth Upscale - Porur - Apartments, 1, 2, 3, 4 BHK
    Sidharth The Nest - Rajakilpakkam- Apartments, 2, 3 BHK
    Sidharth Dakshin - Urapakkam - Apartments, 2, 2.5, 3 BHK

    Sreshta Sumanth & Co



    True Value Homes India Private Limited

    Quranya Bay - OMR - Apartments, 2, 3 BHK
    Vista Heights - Coimbatore
    Vista Ville - Coimbatore
    Quadrant - Adyar - Apartments, 3, 4 BHK

    VGN Developers Pvt Ltd

    Krona - Porur - Apartments, 1, 2, 3 BHK
    Stafford - Ambattur - Apartments, 1, 2, 3 BHK
    Hazel - Poonamallee, Avadi High Road - Apartments, 1, 2, 3 BHK
    Brixton - Irungattukottai - Apartments, 2, 3 BHK
    Minter Garden - Thiruvallur

    Vishwakarma Real Estates & Constructions Pvt Ltd

    Sky Park Residences - Pallavaram - Apartments, 3, 4, 5 BHK & Penthouses-5550/- psf, 1064 sqft =
    rs. 7010791/-, no Pre-EMI..in 6-8 months hand over..
    In Town - Kelambakkam - Apartments, 2, 3 BHK - 3500psf,free modular kitchen
    skypod -pallavaram 500mts from skypark..excl NRI offer - 5290/-,20% initial payment, no Pre-EMI till possession,24 months guaranteed rental
    CommentQuote
  • Originally Posted by sss_m19
    Around 24 builders visited USA Fairpro.. I shall update the prices in and around medavakkam projects which I visited later .. From L& T visitors list around 50 people visited in santa Claura & dallas..They felt the response was very poor.. But don't know about the bookings happened.(if at all).


    sss_m19,

    Any update from L&T about pricing of their EdenPark-2 project?
    CommentQuote
  • Originally Posted by bulletproof
    sss_m19,

    Any update from L&T about pricing of their EdenPark-2 project?

    As I was not interested in that project, I did not collect any information /price quotes from them..
    CommentQuote
  • Originally Posted by bulletproof
    sss_m19,

    Any update from L&T about pricing of their EdenPark-2 project?


    Price was already indicated and discussed in the respective thread
    CommentQuote
  • Originally Posted by lovebirds43k
    Price was already indicated and discussed in the respective thread


    Yes, I am aware of the thread. I also have a tentative booking there, which will be confirmed by L&T only when they decide to launch (which as per latest update is by Diwali).

    Initially, they priced it at 4000 psqft. Subsequently someone in this forum said they have reduced it to 3900. So, I just wanted to check whether ssm had any recent price info from L&T.
    CommentQuote
  • Can you please post some pictures of the new developments between tambaram and chengalpet ?
    CommentQuote
  • Housing Sentiment Index (HSI)

    http://www..com/iimb-hsi/report.pdf


    How it differs from Residex(which is based on actual transactions.)

    The HSI is one of the premier sentiment index in the Indian real estate market that aims to
    capture buyer sentiment and serve as a lead indicator to the residential real estate markets.
    The index is based on the “Diffusion Index” methodology that is widely used to capture market
    sentiments globally. HSI is calculated by taking the difference of total positive and negative
    sentiments after adjust
    How it differs from Residex(which is based on actual transactions.)

    The HSI is one of the premier sentiment index in the Indian real estate market that aims to
    capture buyer sentiment and serve as a lead indicator to the residential real estate markets.
    The index is based on the “Diffusion Index” methodology that is widely used to capture market
    sentiments globally. HSI is calculated by taking the difference of total positive and negative
    sentiments after adjust
    CommentQuote
  • This is just a statistically insignificant survey just like many research experiments that are published in papers,

    " A total of 3,000 buyers are surveyed every quarter in an online survey across 8 cities Mumbai, Delhi,
    Hyderabad, Pune, Noida, Gurgaon, Bangalore & Chennai. The survey was conducted online in the month of
    July 2013 and in Oct 2013. We expect to conduct this survey regularly going forward. "
    CommentQuote
  • This is a definitely sweet news to the suburbs within Chennai. If it perfoms, is utilized and is maintained (by both Govt + Passengers) well, could be more helpful than the Mono to reach vital links!

    Routes that are well connected along with Mini bus, should be benefited. Heard some positive review from my friend in Maduravoyal and Ambattur.

    Yet to analyse the routes but if it connects the interior roads, then night time travel for ladies staying in interior areas should get safer.

    New Mini buses in Chennai

    But I think an ideal plan should be Metro and MTC Buses should cover main roads and Mono should connect the these 2 and Mini buses should connect to either of the above 3 like in Munich where Tram, U-Bahn and Buses connect the city in a very efficient manner.
    CommentQuote
  • Great effort abishek, and i appreciate your post. because it shows the current trend of the real estate. Even though it is copied from somewhere, this one is very effective. Every one in the forum can get this details easily. thanks for the post. can you post the price trends in vellore city. becuase i planned to purchase the land in vellore city main area. can you help me?
    CommentQuote
  • Originally Posted by vinoth kanna
    Great effort abishek, and i appreciate your post. because it shows the current trend of the real estate. Even though it is copied from somewhere, this one is very effective. Every one in the forum can get this details easily. thanks for the post. can you post the price trends in vellore city. becuase i planned to purchase the land in vellore city main area. can you help me?


    I have no idea about the current RE prices in vellore..but can say for sure, it is comparable to area like porur in Chennai..can be even costlier due to the low footprint of the town.. Please try contacting some local brokers/agents to get correct picture. btw, the prices I had posted earlier were not copied from somewhere but collected during my visits to property exhibitions..I am glad and thankful to members like sss_m19 who is continuing it and keeping this thread in focus.
    CommentQuote
  • DIFFICULT TIMES.


    Cash is king in today’s real estate market but don’t get your hopes up for bigger discounts and freebies this festival season for developers feel the worst is over for Indian realty. Here’s a round-up of what India’s real estate developers, industry experts and private equity players have to say about how the industry will shape out in the next one year. Current realty trends from the RICS Real Estate Conference 2013: Only distress sales: On an average, most developers expect the next 24 months to be better off for corporate and retail real estate. However, residential real estate, which comprises 77 percent of India’s total real estate market largely depends on economic recovery and job confidence. According to Sanjay Dutt, Executive Managing Director, South Asia for property consulting firm Cushman and Wakefield, residential sales are just distress sales or value buying. While demand remains intact, uncertainty about job security and political stability is keeping home buyers at bay. Why investors are staying away Despite a weak Indian rupee, non-resident Indians are not lapping up properties in India due to volatility in the rupee. In fact, real estate is actually proving to be a victim of the weak rupee rather than the beneficiary. This is because after the rupee broke the psychological barrier of 60, there is a clear uncertainty on whether it will fall to 65-70 or more and how long it will continue to languish at these levels. According to Akshaya Kumar, Founder and CEO of Park Lane Property Advisors, investors are holding on to their cheque books until the rupee stabilises around the 60-61 levels. Michael Hollande, Member RICS, South Asia Board, believes most foreign investors are apprehensive about investing in Indian realty due to lack of governance and accountability in the sector. “When I asked my Austrailian friends whether they would park money in Indian real estate, they had only one thing to say. INDIA means I will never do it again,” he said. Add to that lack of clarity on funding projects. Price is the problem, say experts; but developers rule out any cuts Retail real estate has proved to be a negative for investors due to the time lag in such projects.Moreover, even though India has a housing demand for at least 1.2 billion people, such demand has not resulted in investor projects. Only those projects invested in land and sold as land have made maximum returns. Anshul Jain, CEO of property research firm DTZ, believes the crux of the problem is pricing, “Cut real estate prices by 30-40 percent and real estate sentiment will improve,” he said at the conference. Developers acknowledged that speculative demand from the market has diminished while end-user demand still intact. However, buyers are on a wait and watch mode since current valuations do not match affordability. However, they ruled out panic and desperation in the market which was witnessed before the prices crashed in 2008. They have attributed the current slowdown to negative sentiment due to political instability and job uncertainty. In other words, builders are not promising any kind of price correction as construction finance has shot up but expect property values to remain flat for the next couple of years. Only those builders who miscalculated execution risks or are burdened with high debt are willing to lower prices currently. Without a price cut, how will developers lure buyers? Take for instance Mumbai, where a 2BHK does not cost less than Rs 1.5 crore. In order for you to afford this, you need to earn at least Rs 2.5 lakh a month, without servicing any other loan. Clearly, at this price point, demand is bound to remain subdued. However, Bharat Dhuppar, CMO, Omkar Realtors and Developers, says a price cut does not always translate into sales since buyer sentiment has been hit. Instead, he believes builders should focus on complete transparency in communication with prospective buyers right from the approval stage until the Occupation Certificate is handed over. Following are the five ways builders plan on retaining customers: 1. More research into consumer insight to match their aspirations 2. Convenience of location is key. Offering all amenities. 3. More square feet for the same price, i.e. offering 1/5 and 2.5 BHKs. 4. Focus on restricting construction cost and building a brand based on timely delivery. 5. Getting the funding right with the right mix of private equity and financial institutions. And how are PE firms planning to raise more money? Currently, the new real estate funding is primarily driven by domestic investors as foreigners are afraid that they will burn the fingers again. According to fund managers, the only way to attract more foreign funding is by selling them India’s long-term growth story. “If you want to be part of India’s growth story, forget about the next 24 months of the next 3-5 years. You need to think long, at least 7-9 years if you want to make money here,” said Ritesh Vohra, partner real estate, IDFC. According to him the biggest challenge today is government policy. Most investors fear that once the new government comes in, investments will be eroded due to policy flip flops. Reuters Given the volatile environment, managers are now calibrating the compensation packages and are not promising unrealistic returns. V Hari Krishna, Director, Kotal Investiment Advisors, believes introduction of real estate investment trusts (Reits) as an investment product will boost the liquidity situation of cash-starved developers, which are struggling to find funds for their construction activities. Says Ambar Maheshwari, Mamaging Director, Corporate Finance at Jones Lang Laselle, “Reits will institutionalise small investor savings and will provide the much needed exit option for investors for it will provide an investment avenue which is less risky than under-construction properties, as well as easier exit routes along with regular income. However, Rihit Salhotra MD, and CEO, ICICI Home Finance cautioned that while these trusts are expected to bring in globally accepted practices to real estate funding and revive the interest of both global and domestic investors in the sector, the fine prints require clarity, especially on the taxation front. Most fund managers, however, were unanimous, that once REITS are set up small retail investor wealth will shift from safe-haven gold to real estate. ALSO SEE Sebi asks I-T to consider tax incentives for REITS RELATED VIDEOS Haryana targets Ashok Khemka again, to file second chargesheet

    Read more at: Looking to buy a house? Here’s what builders have to say | Firstpost
    CommentQuote
  • Cash is the king. But if you just keep it with you, it will start loosing its value due to inflation
    CommentQuote
  • Discounts:
    Attachments:
    CommentQuote
  • Diwali offer:
    Attachments:
    CommentQuote