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
2345 Replies
Sort by :Filter by :
  • Re

    Pls dont copy others post this post i have read 2 years back, if you can post the latest fairpro price 2011 feb.
    CommentQuote
  • the price details

    its very usefull
    CommentQuote
  • pls update the recent price trends of Chennai......
    CommentQuote
  • CommentQuote
  • better to wait?

    Is it better to wait for few months to buy plots around GST in chennai? World economy does not seem good. intrest rates are high now. what is the member's opinion? In urapakkam people are quoting 1100/sq rate around 3km from GST?
    CommentQuote
  • Originally Posted by ramanu
    Is it better to wait for few months to buy plots around GST in chennai? World economy does not seem good. intrest rates are high now. what is the member's opinion? In urapakkam people are quoting 1100/sq rate around 3km from GST?


    1100 for 3 KM from GST road? Too much. It should be around Rs750
    CommentQuote
  • It's just too much for Urapakkam :)
    CommentQuote
  • Here is the link to Recent Price Trend of Chennai - Residential Property Price Trends in Chennai - Real Estate, Apartment, Flat, Plot, Villa, Houses Rates in Chennai - MagicBricks.com

    Guys do you think that it's reflecting the real scenario of Chennai?
    Appreciate your feedback. Thank you
    CommentQuote
  • Price Trends on OMR

    Thanks Braveman for that link.

    I was thinking of investing in a 2 BHK on OMR, at Semmencherry, but am not confident of getting decent returns in the next 3-4 years. Your link just aggravates my concerns.

    Can someone please let me know

    1) The RE outlook from an investment and appreciation point of view for OMR. I am of the opinion that the supply is bound to exceed demand atleast in the short term (3-5 years), and that one cannot expect good returns (>20% YoY) on properties along OMR.

    2) From a strictly RoI point of view, would investing in a reputed builder's project (eg. TVH/DLF) give you more returns in the short term, than a small-time builder's comparatively small project in the same locality (eg. Gated community of 20 flats with all the amenities)? Or the psft will appreciate uniformly all across?
    CommentQuote
  • Hi Sarangs !

    If you see this thread ...which I guess is the longest one, lots of people have postulated theories, quoted links from external website and I should say a many are interesting. Anyway, there is risk around the world on all assets; may it be Currency, Shares, Debt Markets, Metals or Real estate. The equations are getting complicated day by day and it is quite difficult to guess.
    I'm sure you would have followed this thread as well and If you have spare money to Invest, now its time to go by your instinct. I know this looks preachy and I should tell u that I went through this turmoil as well.

    Pls don't take me otherwise !

    Good Luck and Best wishes on your investment !

    Regards.
    CommentQuote
  • Amma has turned tables on Black Money operators with a huge jump

    Chennai has only yesterday seen a huge jump in Guideline values in certain areas.

    RK Salai has jumped from 19k to 27k per SFt which is now the highest in Chennai.

    On the other hand, yester-years posh area - Boat Club has gone up from 16k to only 20k. The Maran Effect? :D

    I'm told this will kill Black Money deals as people will have to go in for deals at or above this value and these values are so high that buyers will not be able to go much higher. So there is little scope for black as black is used mainly to reduce tax burden.

    Any other views on this? I think Abhishek should have some eye-openers on this. Others too like Economist, etc?

    cheers
    CommentQuote
  • Guideline value in suburbs:
    The value of properties in the suburbs particularly along the major roads has been substantially increased. For instance, the existing guideline value in Tiruporur along the Rajiv Gandhi Salai is about Rs.400 per square foot, and it is now proposed to be revised to Rs.3,000 per square foot. Similarly the guideline value in Guduvancheri is proposed to be revised from Rs.550 to Rs.4,000 per square foot.

    Source- The Hindu : Cities / Chennai : Steep increase planned
    CommentQuote
  • Wiseman
    I'm told this will kill Black Money deals as people will have to go in for deals at or above this value and these values are so high that buyers will not be able to go much higher. So there is little scope for black as black is used mainly to reduce tax burden.

    A doubt: That means people cannot sell below the guideline value how can this hold On If market is so bad and u dont have any buyers and land lord in need of money he can still go below the price. Is there any law mentioning specifically that you cannot sell below guideline value.
    CommentQuote
  • I guess landlord can sell it at any price he wishes however registration cost will be as per guideline value.
    CommentQuote
  • Blogger is correct ....

    Originally Posted by blogger
    I guess landlord can sell it at any price he wishes however registration cost will be as per guideline value.



    I checked. Since the Govt is only bothered about the money collected via duty and fees, they don't care at what price you transact. You pay their dues as per guideline value.

    cheers
    CommentQuote