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
2357 Replies
Sort by :Filter by :
  • Hi Friends,

    A round-up of Fairpro 2010.



    Akshaya Homes

    Metropolis - GST Road - 3200/sqft
    Belvedre - GST Road - 3250/sqft
    Aikya - Adyar - 4.3 crores onwards
    Halton - Coimbatore - 24 lakhs onwards

    Alliance Group

    Orchid Springs,Gardens - Padi - 3199/sqft
    Bougainvillea(Phase II) - Porur - ~ 5750/sqft

    Arihant Foundations

    Villa Viviana - M.M.Nagar - Style Villa - 2700/sqft
    - Terrace Villa - 2400/sqft
    Frangipani - Siruseri - 2600/sqft
    Panache - Arumbakkam - 7000/sqft
    Amara - Poonamalee - 3100/sqft
    Heirloom - Thazambur - 2500/sqft

    Asvini Foundations

    Amarisa - Ramapuram - 4300/sqft
    Akshita - Madipakkam - 3800/sqft
    Aster green nest - Sowripalayam(Coimbatore) - 3000/sqft
    Avani(Villas) - Kovaipudur(Coimbatore) - 2800/sqft

    BBC Foundation

    BBC City Paark - Valasarwakkam - 4500/sqft

    Casa Grande

    Urbano(Villas) = Ponmar - 24 lakhs.
    Arcobaleno - Mylapore - 13500/sqft
    Riviera - Pallikaranai - 3600/sqft
    Madhuban - Madipakkam - 3350/sqft
    Maple - Adyar - 6500/sqft
    Elwoods(Plots) - Maraimalai Nagar - 690/sqft
    Palm Meadows(Plots) - Ponmar - 810/sqft

    CeeDeeYes

    Chennai Pattinam - Near Thiruporur - 2075/sqft(all inclusive)

    ETA

    GlobeVill - Sriperambathur - 1980/sqft
    Le Chalet(Villas) - Sriperambathur - 21-36 lakhs
    Rosedale - Padur,OMR - 2700/sqft
    Haven(Plos) - Karnai,OMR - 1050/sqft

    Hiranandani

    Upscale - Egattur,OMR - Edina(4250/sqft,4400/sqft),Bayview(4850/sqft),Ocenaic(4600/sqft,4850/sqft)
    Palace Gardens - 3500/sqft

    Indus CityScapes

    Amber - Saidapet - 5999/sqft
    Anantya - Navalur,OMR - 3050/sqft
    Habiterra - Urapakkam,GST - 3299/sqft
    Riviera(Villas) - Padur,OMR - 1 Crore onwards

    Isha Homes

    Yara - Medavakkam - 2699/sqft

    Jain Housing

    Naksatra - Chinna Nolambur - 3100/sqft,3300/sqft
    Sunderbans - Nolambur - 3495/sqft,3695/sqft
    Cedar Point - Pallavaram - 3195/sqft,3295/sqft
    Archway - Kilpauk - 9500/sqft
    Inseli Park - Padur,OMR - 2995/sqft,3095/sqft,3195/sqft
    Spring Meadows - Thalambur,OMR - 2850/sqft,2950/sqft
    Glen Oaks - Tambaram - 3700/sqft,3900/sqft
    Amrit Kailash - Strahms Road - 4500/sqft
    Antariksa - Kodambakkam - 5000/sqft
    Ansruta - Nubgambakkam - 10000/sqft
    Saagarika - M.R.C Nagar - 10000/sqft,12500/sqft
    Green Acres - Pallavaram - 3795/sqft,3845/sqft,3895/sqft
    Avenue - Chitalpakkam - 3000/sqft
    Abhishek - Selaiyur = 3625/sqft
    Eiffel Gardens - Vadapalani - 4725/sqft
    Apoorva - Pallavaram - 3000/sqft

    Kgeyes

    Eternity - Besant Nagar - 10500/sqft
    Carolinaa - Velachery,Tharamani - 5500/sqft
    Vrudhi - Kilpauk - 11000/sqft
    Magnolia,ASter,Hyacinth - Thiruynvamiyur - 6750/sqft,7150/sqft

    Lancor Properties

    Coral - T.Nagar - 13000/sqft
    Trafalgar - Thiruvanmiyur - 7750/sqft
    Abode Valley - Potheri,GST - 2600/sqft

    Landmark Construction

    Centralia - Chrompet - 3300/sqft
    The Grange(Villas) - Palavakkam,ECR - 7000/sqft
    Timberton - Thiruvanmiyur - 8000/sqft
    The address - Adyar - 12000/sqft
    Capital East - K.K.Nagar - 6250/sqft

    L&T

    Estancia - 3950/sqft
    Eden Park - 3450/sqft

    Plaza Group

    Tranquil acres - Near keelkatalai - 3500/sqft

    Mahindra Lifespaces

    Aqualily - Mahindra World City - 4000/sqft
    Twin Homes - 97 lakhs onwards
    Villas - 1.38 Crores onwards

    Mantri Developers

    Synergy - OMR - 2990/sqft(2BHK), 3190/sqft(3BHK)

    Marg Properties

    Navaratna - near kalpakkam - 1499/sqft
    Utsav - near kalpakkam - 16 lakhs onwards ~ 1300/sqft
    Pushpadruma - near thiruporur,OMR - 18 lakhs onwards ~ 2200/sqft

    Navin's Housing

    Dayton Heights - Nelson manickam road - 7200/sqft
    Merrylands - Medavakkam - 3500/sqft(I,II,III floor),3350/sqft(IV
    floor)
    Rangavilas - Nanganallur - 4995/sqft
    Jayaram Gardens - Manapakkam - 3900/sqft
    Spring Field - Medavakkam - 2900/sqft

    Olympia

    Opaline - OMR - 3441/sqft

    Rajkham Builders

    Vaikunth Gardens(Villas) - Porur,Ayypathangal - 2600/sqft

    Rajparis

    Harmony - Medavakkam - 3200/sqft
    Upcoming project in Madampakkam - 2800/sqft

    Ramky Wavoo developers

    Palm - Medavakkam - 4850/sqft(Independant),4700/sqft(Twin Villa),3600/sqft(Duplex)
    Fern - Medavakkam - 3250/sqft
    Burlington Deluxe - Nelson Manickam Road - 7500/sqft
    Avalon - Nungambakkam - 9000/sqft

    Real Value Homes

    Neel Kamal - Kazhipattur,OMR - 2597/sqft,2647/sqft
    Sai Skanda - Velachery - 65 lakhs onwards ~ 4600/sqft
    Sai surya - Pallikaranai - 60 lakhs onwards ~ 3800/sqft

    Regalia Realty

    The Ferns(Villas) - ECR - 4500/sqft

    South India Shelters

    SIS Safaa - Urapakkam - 3400/sqft

    SSPDL

    Lakewood Enclave (Villas) - Thalambur - 4500/sqft

    TVH

    Lumbini Square - Pursaiwalkam - 6500/sqft
    Ouranya Bay - Padur,OMR - 3100/sqft
    Svaya - Sriperambathur - 2150/sqft
    Subuthi - Thiruvanmiyur - 8000/sqft
    Svasti - Thoraipakkam - 3500/sqft
    Ekantha - Coimbatore - 3100/sqft

    VGN Developers

    Minerva - Mogappair - 3475/sqft
    Ferndale - Mogappair - 3500/sqft
    Lilypond,Crest,Nest,Blossom,Cherrry Creek - Thiruverkadu - 2700-3000/sqft
    Blue Bells, Breeze - Mogappair - 3900/sqft
    Pearl - Ayypathangal -2900/sqft
    Guruswamy Nagar - Porur - 3000/sqft
    Shanthi Nagar - Ambattur - 3500/sqft
    Avant Garden(Plots) - Thirunindravur - 400/sqft
    Minter Garden(Plots) - Thiruvallur - 375/sqft
    Aviv Enclave(Plots) - Paleripattu - 32 lakhs/grnd
    Royal Enclave(Plots) - Paruthipattu - 31 lakhs/grnd
    Grand Historia(Plots) - Thiruneermalai - 27 lakhs/grnd
    Southern County(Plots) - Potheri,GST - 22-24 lakhs/grnd
    Northwood Park(Plots) - Singamperumal Koil - 22 lakhs/grnd

    Vishranthi Homes

    Sundarakand - Medavakkam - 2650/sqft
    Oceanic - Santhome - 12500/sqft
    SAkthi Maya - Teynampet - 12500/sqft

    XS Real

    La celeste - Mugalivakkam,Porur - 3495/sqft

    Yuga Homes

    Niketan - Kottur - 7500/sqft
    Upcoming project at Thaiyur - 2500/sqft
    Upcoming project at Koyambedu - 3500/sqft



    Please share your comments and thoughts.
    CommentQuote
  • where are the mugaliwakkam plots of VGN?
    Originally Posted by nabishek
    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.



    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.
    CommentQuote
  • Great compilation nabishek. Thank you.

    Originally Posted by nabishek
    Hi Friends,

    A round-up of Fairpro 2010.



    Please share your comments and thoughts.
    CommentQuote
  • Good Work !

    Please find the attached zip for the Fair Pro Price both 2009 & 2010

    What's the final call for 2010?

    Increased
    Decreased
    Stagnant
    Going to Increase by 10-25 %

    Builder's will never blink in Chennai; they got ample support
    (I'm expecting Guideline Value to increase by atleast 1.25 to 2 times at any time sooner)
    CommentQuote
  • another great report. In most cases the rate betwen 2009 and 10 is the same or marginally increased (this itself is significant especially when people are going crazy calling it a crash! In some cases the price did drop a bit.

    What makes you think the guideline value will be revised pl. Is there any media news about it.
    CommentQuote
  • CommentQuote
  • http://economictimes.indiatimes.com/Opinion/Interviews/Anyone-can-become-a-builder-today/articleshow/5609665.cms?curpg=6

    You called teaser rates on home loans a gimmick, and then HDFC started offering teaser rates...

    We were losing business. I still feel that teaser rates are a gimmick; it is a marketing tool. But my marketing people said that if we do not have attractive rates in the first two years no one would come to us. So we had to fall in line immediately. So everyone is doing it now and financial innovation takes 24 hours. ....There are two things in this.

    If the teaser rates are much lower than the normal rates, borrowers may not have the cash to pay when the normal rates kick in. Secondly, even when we give these rates the quantum of loan is calculated as if the rates are higher ...we don’t want the family to be short of money two years from now. So our eligibility is much lower because we take into account the higher rates. But if suppose in two years time rates become 12-13%, how are they going to pay? Then 8.5% will become 13%
    CommentQuote
  • Originally Posted by ramasaikumar
    where are the mugaliwakkam plots of VGN?


    Please check the promoters website vgngroup.org or contact their office.I think the layout was named VGN blooming gardens and cost 50L/grnd.
    CommentQuote
  • Originally Posted by REUser
    Good Work !

    Please find the attached zip for the Fair Pro Price both 2009 & 2010

    What's the final call for 2010?

    Increased
    Decreased
    Stagnant
    Going to Increase by 10-25 %

    Builder's will never blink in Chennai; they got ample support
    (I'm expecting Guideline Value to increase by atleast 1.25 to 2 times at any time sooner)


    Hi Friends,

    Thanks REUser for the comparision report, really puts things in perspective.

    Its been over a year since I started this thread and we have seen both reduction and increase in prices.

    While it was fairly safe to wait and watch last year, This year my take is we need to be really cautious.Many factors such as inflation, central governments unwillingness to exit stimulus completely, possibility of early state election,possible increase in FSI/guideline value, reduced availability of hold land, increased NRI remmitance due to strong dollar etc may result in increase in property price.

    But, I am of the opinion that price cannot breach the last peak rate easily.With possible increase in interest rates and cost of living becoming expensive due to inflation, with not much salary increase.The buyer base would drastically reduce resulting in better deals in the offing for buyers who are buying to live using their savings.

    Chennai is one of the few places in India, where an individual buyer can still buy and hold land within the city if they can afford to.

    A very important risk we face going forward is we can expect builders to reduce the apartment ticket size to below 1000 sqft to meet affordability of majority buyers.Though by this one would get a house in a preferred locality within the budget in the future, it may not be the same of getting a bigger home today paying a premium over the real price.

    Its very important we consider all factors so as to take an informed decision.

    Following is my take on the latest fairpro exhibition

    Its just a mirage to fool buyers that price in known location has reached back the peak levels and going to increase.Making buyers think its the right time to buy in ongoing projects at quoted rate which is 10-15% less than proposed projects.

    The interest subvention scheme for loan disbursed before march 31st clearly shows Chennai builders are also facing cash crunch and are desperate to get money from all avenues possible.Its to lure gullible buyers who are unaware that after 2-3 years banks are going to increase interest rates(even fixed plans-reset period is 3 years for most banks) and charge nothing less than PLR to recover the concession as low interest given now.

    Alarming marketing tactics like pushing forth only proposed projects on prelaunch, selling plots withing a future township project for which theres no launch date.Assuring fixed rental for 3 years which really is just 10-15% discount on cost price.

    Most of them claimed that ongoing projects are nearly sold out and quoting 10-15% higher for proposed projects.When I insisted that I am interested only in ongoing projects and am ready to book immediately if good flat is available.I was immediately asked to contact builders office for correct availability/price.Such was the misinformation exhibited.

    This exhibition was just pure display of builders(CREDAI)-bankers cartels strength.

    In general following was the trend

    City limits - 10-15% higher (back to peak price of 2008-2009)
    Suburbs - Stagnating and 10-15% lesser
    Outskirts - Stagnating

    Please share your comments.
    CommentQuote
  • Good intel Nabishek.What is your views on:

    1. Percived oversupply of appartments in chennai paticularly OMR.
    2. Are there many new projects commencing?
    3. What happened to all the talk of affordable housing (ie.small units 500 to 600sqft) are there any progress on that segment.
    CommentQuote
  • Originally Posted by Economist
    Good intel Nabishek.What is your views on:

    1. Percived oversupply of appartments in chennai paticularly OMR.
    2. Are there many new projects commencing?
    3. What happened to all the talk of affordable housing (ie.small units 500 to 600sqft) are there any progress on that segment.


    I am very skeptical about OMR development beyond sholinganallur in short term(5 years).

    At present only road infrastructure is available in OMR.Water, drainage etc will be provided along OMR only upto sholinganallur junction.Individual panchayats have to take responsibilty of laying culverts to connect to this.

    I believe strongly that no private company or builder can substitute the government's role in providing basic infrastructure development at subsidized cost.The private builders are surely going to milk double the amount spent out of the owners in the name of maintainence.If they dont provide what they promise and facilities like water,drainage,garbage are not handled properly then it would be utter chaos.

    I personally would prefer to rent in these communities, than spend 1C+ on these projects and be treated like a tenant by the builder/association.

    OMR is surely overhyped.Regarding oversupply, The answer is yes and no.These high rises were launched targetting HNI's,NRI's,Corporates, IT professionals.Many floors are booked by these people as investment during launch itself.Only 20-30% are bought by actual end users and people who plan to R2I and settle.

    The first completed project near siruseri is yet to see full occupancy even after one year of handing over.The capital appreciation of these properties largely depend on how much occupancy these buildings see in the future than whether they get sold now or not.The risk of these towers being deserted with only one or two flats occupied per floor is very high.

    Regarding new projects, Builders have postponed their plan to launch new phases/projects as of now.But there are many projects in pipeline to be launched both in affordable and premium segment.

    Regarding affordable housing, but for few projects outside the city like kelambakkam, serambathur.I think this affordable homes segment was a non-starter.Chennaites are generally cash rich.Most prefer to buy in known location even if it means paying little extra than go too far in the name of affordability.People who wanted to make use of the low interest rates for sub-20 lakhs loans have only bought here.

    We may hear from TNHB/CMDA soon on satellite township projects where properties will be developed as a private-public partnership with good construction quality,specification and amenities.These projects will be self-financing at affordable competitive price and have all basic infrastructure planned.
    CommentQuote
  • Comparison of Feb 2009 Vs 2010 ... a.pples to a.pples

    While REUser has put in the first post of nabishek (Feb 2009) against the latest (Feb 2010), what I've done is compared the 2 statements side-by-side and removed the incomparables (where there is no data in either of the years). Basically the intersection set!;)

    cheers
    CommentQuote
  • Thanks Wiseman for the clear cut info.

    I thought of doing it, but got struck into other things.
    Anyways Thanks again.

    Prices are stagnant, thats my verdict (removing increased/decreased glitches).

    I agree to nabishek, one has to play safe this year and may be next year or till state elections are over.

    From April, no more teaser loans
    (and its a gimmick accepted by Deepak Parekh of HDFC main financier).
    Loans are going to be back to normal rates.
    CRR will be hiked.
    No restructuring of Non Performing Assets.
    Interest rates will be hiked.
    No more Govt Stimulus (Fiscal deficit has to be reduced drastically)
    INR will strengthen against USD & Euro
    (RBI is planning to buy another round of from IMF (190 MT), to derisk currency fluctuations and reduce USD/EURO foreign reserves)

    (Hope no tax sops this budget due in couple of days for the salaried class)

    IT industry is yet to face the tough situtation from US
    (when jobs are getting created in US)
    Call centre jobs will be moved back Onshore/Near shore than off shore.

    Given these scenarios and with the state elections hanging around any time after June/July, the only option left behind is increasing the Guideline Value.
    CommentQuote
  • Good posts. We can't rule out the fact that specs would have changed for the same project and location. Builders did convert some of their projects to "affordable housing" with low end specs.
    CommentQuote
  • Originally Posted by nabishek


    I personally would prefer to rent in these communities, than spend 1C+ on these projects and be treated like a tenant by the builder/association.



    Exactly why I am saying that price of land for individual houses can quote anything, as high as one wants. To have an independant house in the city today is either for those who had one or for those who can afford the sky for one. Think of the fools who buy a silly apartment in a silly concrete jungle in the middle of nowhere in OMR for 1c+ and will talk about prime land to be made available for a song!
    CommentQuote