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Property Price Trends in Chennai

Last updated: May 20 2021
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  • Economist
    replied
    Originally posted by SRaj001 View Post
    NHB / GV / MV / GENTRY theories - Eco venaaamda saami
    Lessons / Lecture and Formulas to arrive at valuation
    IREF members break their brains to do this, when common man will walk and buy a plot / flat / villa and walk away
    Hi SR,

    True.

    I have to explain why I chose my forum name as "Economist"

    Just after GFC Economist became big joke and were often compared with unreliable TV weather men (like Chennai's own Ramanan)

    If you called your self as an Economist in Australia/US/UK around late 2007 to 2009 it was a bit of joke.

    Therefore at that time I chose that name as a sarcasm, a Jibe or mild taunt.

    However no one in this forum took it that way, Many thought I am trying assert my authority on the knowledge of the economy by naming myself as Economist.

    Leave a comment:


  • nilanadukkam
    replied
    Valuations should aid in elimination if not selection. Among those properties that pass basic valuation tests, there is no harm in letting the heart take over. Sticking to simple models would do ... As someone said, it is better to be approximately right than precisely wrong.

    Leave a comment:


  • Vijaysri
    replied
    Originally posted by SRaj001 View Post
    NHB / GV / MV / GENTRY theories - Eco venaaamda saami
    Lessons / Lecture and Formulas to arrive at valuation
    IREF members break their brains to do this, when common man will walk and buy a plot / flat / villa and walk away

    SR u r right. Even some people here talking about Economics, Science and Geography of RE might be doing that on the other side. Lectures are only for forum.....Most purchase decisions are made on instinct, purchase power, peer pressure, sentiments and valuation takes the last priority on decision, though we talk the other way, could be few exceptions, but those few's accumulation could be less or slow.

    Leave a comment:


  • SRaj001
    replied
    Originally posted by Economist
    Just messing with you mate, Keep contributing.
    NHB / GV / MV / GENTRY theories - Eco venaaamda saami
    Lessons / Lecture and Formulas to arrive at valuation
    IREF members break their brains to do this, when common man will walk and buy a plot / flat / villa and walk away

    Leave a comment:


  • Economist
    replied
    @Nilanadukam,

    NHB Residex's Data has been around for a fee years now.

    In fact in this forum it had been discussed many times,Particularly every time when they update the info.
    Last edited June 18 2014, 10:22 PM.

    Leave a comment:


  • nilanadukkam
    replied
    Came across this site. Has some interesting info on real estate. NHB

    Leave a comment:


  • sunr2i
    replied
    This is how marketing starts. Start with 10L. Then there will be only four walls with neither flooring nor any basic amenities. They classify them delux, extra delux and then luxary. For each variation subsequently add 5L each. Including misc cost the total cost would come around 3 to 4 times more than original stated price!

    Leave a comment:


  • k11
    replied
    If they build 10K Apt like this, it will greatly help us solve the housing crisis. 10K is nearly 5% of the homes in the city.
    There is plenty for all. So even if NRIs or Inverstors buy, this is good.
    They will have to eventually rent it out.

    So a 10L home would fetch 2K in rent, which is incredibly cheap. People who cannot afford homes will have dirt cheap rents. At 400-700rs a day wage, someone has to work only less than a 3 days to a week to afford this.

    It would be bad news for landlords at low end.
    Rental market will be flush with supply.

    By the way if Govt want to discourage NRIs or investors, they can always jack up stamp duties.
    I do not think it is necessary, cheaper rents are good.
    It is a win win for both investors and renters.

    Leave a comment:


  • NBkanna
    replied
    Wow...its a medical miracle..promoter cares much abt homeless Chennai ppl....

    AmaZing...NRIs..local champions...let's start speculate north chennai...let south and west chennai take a breath for sometime

    Leave a comment:


  • subramania
    replied
    Compact homes model picks up...

    In the lines of Arun Excello "VASANTHA" Padappai

    Mahindara launching compact homes of 400-600 sft (10 to 20 L) at AVADI

    Mahindra Lifespaces ventures into affordable housing segment - Moneycontrol.com

    Mahindra Lifespaces Developers, the real estate arm of the Mahindra group, today launched its new business vertical 'Happinest' that will focus on developing affordable housing projects. The first two projects under the new vertical will be developed at Avadi in Chennai and Boisar in Mumbai and would be priced between Rs 10-20 lakh. "Our commitment to sustainable urbanisation is to be in businesses and develop projects that promotes culture, connectedness and community. 'Happinest' epitomises the concept of shared value where companies seek to do business in a manner which combines profitability with advancing the economic and social conditions of the communities," Mahindra Group Chairman Anand Mahindra told reporters here. The two projects are expected to be completed in two years, Mahindra Lifespaces Managing Director and CEO Anita Arjundas said. "The Chennai project, which has received all approvals except from the municipal corporation, will be launched in July, while Boisar project is yet to receive environmental clearance and will be launched in August," Arjundas said. These apartments would have an area ranging between 400-600 sqft and will be priced between Rs 10-20 lakh, she said. Speaking at the occasion, company's Chairman Arun Nanda said the new project is company's strategic endeavour to address the large and under served home ownership market. The company, however, refused to give details about investment for the project but said it has invested in innovations to ensure speedy execution and lower costs. Arjundas said the investment in buying land and other works has been through internal accruals. She further said the company has tied up with credit scoring agencies like inventure and micro home finance companies like Mahindra Finance and Muthoot to reach out to right customers. When asked about Prime Minister Narendra Modi's vision of building 100 smart cities, Mahindra said, "Smart cities shouldn't only be IT enabled but should be planned smartly. If we have to provide affordable housing below Rs 20 lakh, then it is important to see the land is available at low cost. The land should be used for diversity."

    Read more at: Mahindra Lifespaces ventures into affordable housing segment - Moneycontrol.com

    Leave a comment:

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