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Property Price Trends in Chennai

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  • Re : Property Price Trends in Chennai

    Chennai South Zones- Potential Investment & residential Areas & Price Range - Detailed Self Analysis

    Hi All,

    A Summary of my investigational analysis on Investment and Residential areas in Chennai South as Attached. These data are limited to my self-analysis. The price mentioned are minumn price range for 1 Ground.
    Chennai_South Zones.zip

    The High Resolution Images have been Zipped as attachment for better visulaization.

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    Last edited September 19 2013, 01:53 PM.

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    • Re : Property Price Trends in Chennai

      Originally posted by cityhunter View Post
      Hi All,

      A Summary of my investigational analysis on Investment and Residential areas in Chennai South as Attached. These data are limited to my self-analysis. The price mentioned are minumn price range for 1 Ground.
      [ATTACH]36425[/ATTACH]

      The High Resolution Images have been Zipped as attachment for better visulaization.

      [ATTACH]36421[/ATTACH]

      [ATTACH]36422[/ATTACH]

      [ATTACH]36423[/ATTACH]

      [ATTACH]36424[/ATTACH]
      Nice one. But some or the areas prices seem to be quoted on higher side. Puzthivakkam, Madipakkam, kelakatalai plot rate minimum 1.5 cr. Am I outdated?. Is it the rate quoted for those areas?

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      • Re : Property Price Trends in Chennai

        Originally posted by srivat View Post
        Nice one. But some or the areas prices seem to be quoted on higher side. Puzthivakkam, Madipakkam, kelakatalai plot rate minimum 1.5 cr. Am I outdated?. Is it the rate quoted for those areas?
        these are the rates as per his analysis but not the CMP.
        many areas have been quoted at a huge premium for no reasons.

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        • Re : Property Price Trends in Chennai

          CMP commands a premium due to various factors.

          so we could not tell his calculation is high.

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          • Re : Property Price Trends in Chennai

            what is cmp

            Comment


            • Re : Property Price Trends in Chennai

              Originally posted by chennaidesi View Post
              what is cmp
              CMP -Current Market Price I think

              @Subramania

              How long are we going to fool ourselves telling this?. Can you explain that various factors?

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              • Re : Property Price Trends in Chennai

                Originally posted by srivat View Post
                CMP -Current Market Price I think

                @Subramania

                How long are we going to fool ourselves telling this?. Can you explain that various factors?
                CMP stands for Current Market Price.

                in today's world of modern technological speculation, ppl say that they are calculating risk and foreseeing future. so the prices quoted are for the next 10 years' "so called" development (in case anything happens).

                the prices quoted in my opinion are the targets for next 10+ years.
                speculation is different from analysis.
                just because the price is low doesnot mean that it will rise in future.
                it must have the social setup and solid reasons for the buyers to occupy the areas.

                i am eagerly waiting to hear the factors for the impractical CMPs projected for tier 3 suburban areas where there are no public access.

                waiting to

                Comment


                • Re : Property Price Trends in Chennai

                  Originally posted by subramania View Post
                  CMP commands a premium due to various factors.

                  so we could not tell his calculation is high.
                  please explain us the god known secrets.

                  Comment


                  • Re : Property Price Trends in Chennai

                    if the plot tempts me in good locality like near to main road

                    if the size of the plot has more frontage

                    if the plot in 60 or 40 feet roads

                    if it is in good facing like north or east

                    if the documents are sale deed documents

                    here i wont bargain and loose the plot telling that its above market price if i like the plot for my dream house.

                    investors are the one who speaks about market price....property index....expected returns good poor....

                    these are not the god know facts....every common man knows it dude.

                    Comment


                    • Re : Property Price Trends in Chennai

                      Originally posted by rg9274 View Post
                      CMP stands for Current Market Price.

                      in today's world of modern technological speculation, ppl say that they are calculating risk and foreseeing future. so the prices quoted are for the next 10 years' "so called" development (in case anything happens).

                      the prices quoted in my opinion are the targets for next 10+ years.
                      speculation is different from analysis.
                      just because the price is low doesnot mean that it will rise in future.
                      it must have the social setup and solid reasons for the buyers to occupy the areas.

                      i am eagerly waiting to hear the factors for the impractical CMPs projected for tier 3 suburban areas where there are no public access.

                      waiting to
                      waiting to
                      got the answer

                      also explain the tier 1 tier 2 tier 3.....

                      every area gets upgraded in mean coarse of time.

                      velachery and guindy too tier 3 before some years.

                      dont just oppose city hunters work

                      its too good according to him and many other who had given likes

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