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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  • What is the ongoing price per ground in Medavakkam Somu nagar, 1km fom Medavakkam Junction
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  • Stock clearance sale!!


    https://api.indianrealestateforum.com/api//v0/attachments/fetch-attachment?node_id=64930
    Attachments:
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  • Originally Posted by amrutaparab
    Check this Infographic you will get a clear idea of how rates are performing. The data is embedded is from 2009 to 2014.
    Its is a good idea to invest in reputed builders as there is maximum chances of good ROI. Look out for builders like Mantri, Shobha, Hiranandani.

    Hi

    What is the source of this data ?
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  • Stats time:

    Unsold inventory as at Dec 2014:
    Attachments:
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  • Stats time:

    Price trend 2015:
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  • Originally Posted by lovebirds43k
    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?


    Though I think you are a bit perturbed n your response, revhappy's comment may not be that far from truth. I must say things are changing and many of my colleagues tell me things were even harder for an outsider years back.

    Chennai is not a cosmopolitan city and is not as welcoming as compared to other metros. And I do not mean to suggest a bias in the people, but other factors like culture, language, food etc. which are inherent in the city.

    There are Marwari businessmen in almost every large city in India so there existence will be hardly a parameter for the cosmopolitan nature of a city. These communities survive on family ties which helps bring their kinsfolk to the city and thus help in creating a social environment for themselves. Apart from this self-built social environment and their business, there's hardly anything that ties them to the city.

    I have not been to Bangalore yet, but form what I hear there's a far larger and well integrated community of non-locals. This translates into lesser food and language issues. Basically, easier to live.

    I have been in Chennai for more than 2 years and even mundane activities like talking business to an auto mechanic or a plumber or the maid can get painful at times. And that is what one doesn't want as a 9-5 professional.

    A simple test of the cosmopolitan nature of a city is what percentage of the non-local people working there plan to build their homes and raise families in that city. I bet Bangalore will score much higher as compared to Chennai. Maybe weather is a reason for that but that is the bitter truth.
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  • Attitude matters:

    ECA International - Is a Global organisation that advices major corporations around the world regarding placement of employees around the world.

    ECA international has its regional HOs at London, NY, Sydney & Hong Kong. ECA international also has offices all over the world.

    ECA considered "The Authority" when it comes to Expats & Global relocations.

    ECA conducts a Bi-Annual research & Survey of most liveable cities in the world.

    Guess what?

    Chennai in India has ranked as 1st or at least 2nd most liveable city in India for foreign Expats.

    YES - The lowest ever ranking Chennai got is second place in India.

    Guess what- the best "ever" score/Rank achieved by any city India is still held by Chennai.

    You know what - Delhi, Pune, Hydrabad etc could not even come close to Chennai in any of their ranking.

    What are Hindi belt doing?

    Only City in India that "ever" beaten Chennai is Bangalore.

    Chennai still remains the most popular location for Expats from Japan, South Korea, Singapore, Malaysia and USA.

    I don't see overseas expats in India complaining about Chennai (in comparing with other Indian cities)

    That is because the overseas expats come with open mind expecting India/Chennai to be different then their home and prepared to adjust and adapt the difference and enjoy the new culture.

    Now- Expats from HINDI BELT.

    However the expats from "HINDI BELT" come to Chennai with an attitude, pre conceived prejudice (implanted by their elders from 50s & 60s) and expect Chennai to bend over backwards to make them feel at home and speak their language

    While they will not move a finger to adapt or adopt to local conditions.

    I am sorry it ain't going to happen.

    Chennai can continue to be a top welcoming destination for open mided International Expat community and overseas Visitors - While cribbing Hindi belt so called professional are welcome to move out of Chennai to Hindi speaking cities - No one is stopping them.

    --------------Data Source--------------

    http://articles.economictimes.indiatimes.com/2008-03-04/news/27730770_1_eca-international-general-manager-indian-cities-asians

    2014-15 result
    Singapore secures top spot again in global liveability index for Asian expatriates, Bengaluru best of Indian locations - ECA International

    2012-12 Results:

    https://www.eca-international.com/news/press_releases/7650/#.VWRSIkbXenM
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  • Originally Posted by Lookout


    I have been in Chennai for more than 2 years and even mundane activities like talking business to an auto mechanic or a plumber or the maid can get painful at times. And that is what one doesn't want as a 9-5 professional.



    @Lookout have you considered what will be the situation of a Non-Hindi speaking Tamil guy who is transferred to Delhi or Calcutta?
    How will he communicate to taxiwala, plumber, mechanic or Domestic help?

    Wouldn't you rightfully say he better learn functional Hindi or Bengali?

    Why should it be any different in your situation?
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  • The above posts reflects the first impression of non native state people get when they come out of Central station/Airport and end up using local autos.

    Chennai is good in so many ways however things like tasmac, autos, extreme humidity and aging public transportation system make things worse.

    My recent experience with well known car dealer which is very reputed firm aka.3 letters and situated in Mount road between american consulate and LIC charged me for replacement of Car Battery but never did the replacement and caught red handed. A Cobbler in Alwarpet who tells you some reasonable price upfront and then ask you to pay significantly higher price after that. He convince you that you misheard the price before. First he says 50 rs to repair it and ask you to pay 250 Rs after that. Either you pay or face his filthy language.

    Cheating is so rampant in Chennai and indeed is very different from rest of the metro cities.

    Btw, recent project in TTK road quoted 30K. This is how price trend going in Chennai...of course in CBD!


    Originally Posted by Economist
    @Lookout have you considered what will be the situation of a Non-Hindi speaking Tamil guy who is transferred to Delhi or Calcutta?
    How will he communicate to taxiwala, plumber, mechanic or Domestic help?

    Wouldn't you rightfully say he better learn functional Hindi or Bengali?

    Why should it be any different in your situation?
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  • Chennai is not a cosmopolitan city and is not as welcoming as compared to other metros.


    It is cosmopolitan, but I would say it is not as cosmopolitan as the rest of the metros(Mum,Delhi, Blore) are. Yes, on a relative basis.

    There are Marwari businessmen in almost every large city in India so there existence will be hardly a parameter for the cosmopolitan nature of a city.


    You are very right - they do not mean a thing or can be an yardstick for the cosmo nature. They are businessmen and will go where the meat is and it is true for any businessmen.

    I have not been to Bangalore yet, but form what I hear there's a far larger and well integrated community of non-locals.


    Have to agree. Bangalore scores well on that aspect and when it comes to tie-breaker decision between Chennai and Bangalore for a person who will be a non-local in both places, I have seen people invariably choose Blore. I have lived in Blore and can see and relate to what drives those decisions and one has to experience it.

    I have been in Chennai for more than 2 years and even mundane activities like talking business to an auto mechanic or a plumber or the maid can get painful at times. And that is what one doesn't want as a 9-5 professional.


    Above is an universal issue and your sample size could be influencing your perception.

    A simple test of the cosmopolitan nature of a city is what percentage of the non-local people working there plan to build their homes and raise families in that city. I bet Bangalore will score much higher as compared to Chennai. Maybe weather is a reason for that but that is the bitter truth.


    You nailed it ! Proof of the pudding is in eating. I concur and Blore scores much higher on this metric. One cannot say people voted for Modi but they do not like Modi, can they? :)
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  • Btw, recent project in TTK road quoted 30K. This is how price trend going in Chennai...of course in CBD!


    VGN's luxury project in Nungambakkam is priced at 20k which is a far cry from 25k psft price ranges floated in the forum and elsewhere in the last 2 years. This is right on N.H Road - heart of CBD.
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  • Originally Posted by sunr2i
    The above posts reflects the first impression of non native state people get when they come out of Central station/Airport and end up using local autos.

    Chennai is good in so many ways however things like tasmac, autos, extreme humidity and aging public transportation system make things worse.

    My recent experience with well known car dealer which is very reputed firm aka.3 letters and situated in Mount road between american consulate and LIC charged me for replacement of Car Battery but never did the replacement and caught red handed. A Cobbler in Alwarpet who tells you some reasonable price upfront and then ask you to pay significantly higher price after that. He convince you that you misheard the price before. First he says 50 rs to repair it and ask you to pay 250 Rs after that. Either you pay or face his filthy language.

    Cheating is so rampant in Chennai and indeed is very different from rest of the metro cities.

    Btw, recent project in TTK road quoted 30K. This is how price trend going in Chennai...of course in CBD!


    Lets not even go there brother.

    "Delhi Maal" itself meant that its a copy, fake, poor quailty, chalta hai kind of product and Delhi is the leader in cheating and fraud (is it a coincidence that the Parliament is situated there? :)).

    I'm not defending Chennai. But Southerners for decades have had Hindi-speaking people from the North come down here and behave obnoxiously (I have personal experience galore).

    In fact, the soft nature of Southerners is another open excuse for the self-confessed "rough" guys from the North to believe they have the birthright to behave boorishly.

    So, when they have their own sh** thrown back at them, they can't take it and act peevish.

    Till 15-20 years ago, most guys in the North know only Chennai (anyone from the South was called a "Madrassi"") and I even had to explain where Hyderabad was to a Delhi-wala thus ...

    Hyderabad is as far away from Madras as Lucknow is from Delhi (can you believe it?!! :))

    Its a slow painful process for generations-old behavioral traits to change as Northerners are forced to migrate South for jobs and get used to the fact that they have to learn the local lingo and respect local traditions for them to get respect in return.

    But it will happen and sooner people figure that giving respect will get respect, the easier and better it will be for them.

    As Southerners say, ïf things are so hard for you here, its even harder for us coming there - imagine a Delhi-wala speaking Tamil or even English - and if you don't like it, why not go back North? We all know why not, don't we? :)

    And lets face it. For all the complaining by people from the North about cheating, etc, its far worse out there in terms of crime of all kinds (cheating to serious crime). People living in glass houses ...

    Btw, in case people are mis-informed that Hindi is the National Language and everyone must compulsorily learn it, be informed that there is no provision for a "National" language in the constitution. There are "Öfficial" languages and Hindi is only one of them.

    cheers
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  • ^^

    Welcome back Wiseman.

    Precisely that attitude & prejudice of Hindi belt so called educated migrants is what I am talking about.

    Often I hear complains from Hindi belt migrants & visitors that Tamilians of all walks of life including Auto drivers to work colleges on purpose don't speak Hindi even though they Hindi. All Tamilians hate North Indians and give them a hard time on purpose if not cheat them on purpose.

    How come I can speak Hindi in Hydrabad, Bangalore and Kerala and I can get around easily while only in TN no one on purposedo not speak in Hindi "our National Language". Not knowing India does not have a national language and Hindi is one of 20 other official languages.

    The arrogance, prejudice and attitude stinks.
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  • Btw, I was able to survive few months in Pune, Mumbai and Noida without speaking single word in Hindi. It was tough but manageable.

    Coming back to Chennai, I see lot of auto guys speaks Hindi and English to rip off customers.

    There is attitude in Chennai, speaking only in Tamil is considered as illiterate and adding few English words during the conversation is compulsory.
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  • Originally Posted by wiseman

    I'm not defending Chennai. But Southerners for decades have had Hindi-speaking people from the North come down here and behave obnoxiously (I have personal experience galore).

    In fact, the soft nature of Southerners is another open excuse for the self-confessed "rough" guys from the North to believe they have the birthright to behave boorishly.

    So, when they have their own sh** thrown back at them, they can't take it and act peevish.



    This I can personally vouch for! This behavior continues into work places too! I was in a Hindi-speaking-heavy team, and when I started giving back, they got pissed off cos they didnt expect me to be as tough as them!

    On the other side, I have seen our softness to them too. An easy example of their boorishness can be sampled in many popular restaurants/shops like HSB (T.nagar), Adyar bakery (main one) etc where these waiters behave so roughly that none of the locals even bother to give back to them. After we are the customers! Even they dont even care to learn few words of Tamil. Just give a look and say "Tamil nahi maloom".

    My opinion is not to defame someone or start an argument, but facts are facts! :)
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