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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  • This confirms Market is weak and pathetic

    Originally Posted by REUser
    Any one visited Fair Pro 2015?
    Heard around 150 bookings in 3 Days.


    If RE market is good would have expected huge discussion.. This confirms it still weak... IREF is becoming a good tool to predict the market
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  • Yes rates are at peak, I recently read this article it says south indian properties are going to have a better future and are the best investment opportunities. Take a look at the article IndiaNewsOnline
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  • RBI eases norms for home loans for up to Rs 10 lakh

    Giving a boost to affordable housing, the RBI today eased the norms for home loans for up to Rs 10 lakh by allowing banks to include stamp duty and registration charges to the cost of a unit.

    These charges form around 15 per cent of the cost of the house and place a burden on borrowers.

    "With a view to encourage availability of affordable housing to such borrowers, it has been decided that in cases where the cost of the house does not exceed Rs 10 lakh, banks may add stamp duty, registration and other documentation charges to the cost of the unit for calculating LTV (loan to value) ratio," RBI said in a notification.

    As per the current practice, banks do not include stamp duty, registration and other documentation charges in the cost of housing property.

    "It has been brought to our notice that these amounts form around 15 per cent of the cost of the house and place a burden on the borrowers from economically weaker sections (EWS) and low income groups (LIG)," RBI said while easing the norms.

    The RBI also said that in cases of projects sponsored by government, statutory authorities, banks may disburse the loans as per the payment stages prescribed by such authorities, even where payments sought from house buyers are not linked to the stages of construction.

    Some banks had made representations that they are not able to extend home loans to the allottees in the project developed by government bodies as the payment schedule prescribed by such authorities are not linked to the stages of construction.
    RBI eases norms for home loans for up to Rs 10 lakh | Business Standard News
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  • L&T Crescent Bay property in Parel, Mumbai was launched at 17000 psft and within few months increased to 19500 psft. 2BHK in 20 plus floor would cost over 3 cr. With floor rise, PLC and alllll charges.

    Why Chennai lag behind in price? Stagnancy?

    Mumbai unlike Chennai
    1. developed - opportunities - demand
    2. Development Space constraint

    Any other reason- What else?

    Is there any other city that likely to become like Mumbai development story in future?
    CommentQuote
  • Originally Posted by Franke
    L&T Crescent Bay property in Parel, Mumbai was launched at 17000 psft and within few months increased to 19500 psft. 2BHK in 20 plus floor would cost over 3 cr. With floor rise, PLC and alllll charges.

    Why Chennai lag behind in price? Stagnancy?

    Mumbai unlike Chennai
    1. developed - opportunities - demand
    2. Development Space constraint

    Any other reason- What else?

    Is there any other city that likely to become like Mumbai development story in future?


    Mumbai is the financial capital of India and the financial capitals always have much higher growth than other cities. This is true everywhere in the world. London, New York, Tokyo. 1 country can have only 1 financial capital and it will always be much more expensive than rest of the cities.

    Dont expect Chennai or even Bangalore to reach the status of Mumbai. That will never happen. Chennai is not even cosmopolitan, it has language barriers and people from rest of India dont consider Chennai as preferred place to relocate(you know the reasons very well, blame it on your politicians to incite hatred based on language and caste), so how do you expect Chennai to match the growth of Mumbai? Bangalore has some hope, but not Chennai.
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  • Jayalalithaa Acquitted in Corruption Case, Likely to Return as Chief Minister

    Good News in the current scenario....
    atleast the dates for the much awaited inaugural run for the Metro rail will be announced soon... and who will flag it off... non other than the iron lady..
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  • Originally Posted by revhappy

    Dont expect Chennai or even Bangalore to reach the status of Mumbai. That will never happen. Chennai is not even cosmopolitan, it has language barriers and people from rest of India dont consider Chennai as preferred place to relocate(you know the reasons very well, blame it on your politicians to incite hatred based on language and caste), so how do you expect Chennai to match the growth of Mumbai? Bangalore has some hope, but not Chennai.


    Language barriers? Rest of india do not come to chennai!!!

    Pl visit OMR.Do you mean so many North indian restaraunts and Andhra hotels there serve local population!

    Marwari/Rajasthan/Gujarat communities doing business and living for centuries in Sowcar pet/mint street.

    If local population know Hindi, then will it become cosmoploitan city attracting people from all over India. If it is the case then why Ranchi,Bilaspur,Patna could not become cosmopolitan?
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  • Chennai No:1 preferred City in India in 2009-10.

    chennai has always ranked 1st or 2nd place in India for Expats.

    Chennai had achieved the best ranking ever achieved by an Indian City in Global expat survey.


    The lowest ever chennai got is 2nd place.

    So, people from UP, Bihar & MP may not prefer Chennai (also run a vicious campaign against Tamils as Anti Hindi)

    However Koreans, Japanese, Americans & Aussies don't seem to have a problem with Chennai ( when compared to other cities)
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  • Originally Posted by Economist
    Chennai No:1 preferred City in India in 2009-10.

    chennai has always ranked 1st or 2nd place in India for Expats.

    Chennai had achieved the best ranking ever achieved by an Indian City in Global expat survey.


    The lowest ever chennai got is 2nd place.

    So, people from UP, Bihar & MP may not prefer Chennai (also run a vicious campaign against Tamils as Anti Hindi)

    However Koreans, Japanese, Americans & Aussies don't seem to have a problem with Chennai ( when compared to other cities)


    Overall Chennai is safe city to live. Reasonable people and society. Adjacent to sea is the advantage for developing into even second financial hub or service industry hub.

    Scope is there for development, now change political scenerio is a positive for TN overall. I believe there would be positive impact to Chrnnai RE in next few years. Strong Center and stable state is positive for business development.
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  • Of all top 8 cities in India Chennai can be considered the most safest city. If people in Chennai are against people of other regions in India, pls go and have a look at Sowacarpet or Anna Nagar or Egmore or latest in Adyar or OMR where one can find people all over India.

    If you have spoken to people from North East they will rate that Chennai is the only top metro that does not discriminate against them.
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  • Janani Homes really worst builder

    HI all


    Please do not buy anything from Janani Homes. I bought the house in Grand Ellora, they said they will complete it by 12 months, but the they took 3 years, they made me to cry...

    They are really suck. The owner is really very bad. The way he talks is really bad. Please be careful. They won't response well once you bought the house especially for NRI.

    I beg you all Please don't buy anything from them. Past 3 years, I suffered a lot, No words to express.

    Please buy from reputed company. They won't keep their promise.
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  • Porur is the safest not Chennai. Best place to live :D
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  • Is Porur a Borur?
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