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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  • Thanks for this detailed price list.

    Originally Posted by nabishek
    Hi Friends,

    A round-up from FAIRPRO 2012



    The general mood in the exhibition was upbeat and most of the builders claimed very good sales. For ongoing projects, Price has stagnated and remains the same since the hike in late 2011. Many new projects have been launched and they have been marked up by another 10-15%. Projects were focussed along Porur-Poonamalee Stretch.

    Sorry for bumping this old thread.I feel this thread captures the essence of Chennai RE since Fairpro 2009 and this post makes more sense here given all the discussion/debates we have had on this thread.

    FAIRPRO 2009 : http://www.indianrealestateforum.com/12854-post1.html
    FAIRPRO 2010 : http://www.indianrealestateforum.com/58298-post407.html
    FAIRPRO 2011 : http://www.indianrealestateforum.com/168891-post466.html

    Please do share your views.
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  • Thanks abhishek, the 2009 post gave an idea to me of RE as i was out of RE from 2004. Kind of shock to me initially but it was like i went to the fairpro and collected the price details of the exhibition. That helped me buy my property. Please continue this as many would benefit.
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  • Thanks for posting this nice information
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  • Originally Posted by wiseman
    Abhishek, one of the big names a little while ago on this forum is back!

    Welcome!

    Btw, just fyi, my personal RE situation was settled at excellent prices, thanks to the unexpected boom in Chennai RE.

    If we ever meet (no reason why not), treat is on me!
    cheers


    Thanks wiseman for your kind words and gesture.I am really happy for you and congratulations for having struck a golden deal.I am sure you benefitted from your non-compromising attitude there. I am still passively reading all your invaluable posts on IREF in other threads.Thank you so much for taking the time and sharing your wisdom.

    I might also make my purchase during this year itself. I am expecting some significant cashflow in the later part of this year.If I am lucky, It should be the right time to finalize the propery suiting my lifestyle needs and choice of location with zero debt of course. Hoping for the best.

    Originally Posted by popeye77
    Thanks abhishek, the 2009 post gave an idea to me of RE as i was out of RE from 2004. Kind of shock to me initially but it was like i went to the fairpro and collected the price details of the exhibition. That helped me buy my property. Please continue this as many would benefit.


    I am glad that my posts have benefitted you.Now in hindsight, The correction we saw during 2009-2010 was the only time in the last four years when builders have actually reduced price on paper.Kudos on your timing of purchase.
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  • so i have to wait till 2014 now.. for another crash... oh my god... Thanks for the effort...
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  • Thanks for sharing the trend. The Prices are upward bound. Also projects listed in 2009 and 2010 are not listed in the 2011 fairpro. Either they are sold out / builders are not desperate. To my knowledge quite a few constructions like L&T Eden Park are complete and handed over to the customers. I think we will have to wait, wait , wait and wait
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  • That was a pleasant surprise!

    Originally Posted by nabishek
    Thanks wiseman for your kind words and gesture.I am really happy for you and congratulations for having struck a golden deal.I am sure you benefitted from your non-compromising attitude there. I am still passively reading all your invaluable posts on IREF in other threads.Thank you so much for taking the time and sharing your wisdom.

    I might also make my purchase during this year itself. I am expecting some significant cashflow in the later part of this year.If I am lucky, It should be the right time to finalize the propery suiting my lifestyle needs and choice of location with zero debt of course. Hoping for the best.


    Abhishek,

    May the gods bring down the price for just a little while for you to strike a god deal and take them up again!:D

    All the best and keep posting on the forum whenever time permits.

    This forum is so addictive that, between trading the markets, ramping up a Web startup (where I'm the sole software developer) and reading up about the world, I'm still able to put in a post or two from time to time!

    Catch you sometime!

    cheers
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  • Bumping up the most popular thread.

    I was commenting on prices on another forum.

    Back in 2009, with a 2C budget you can buy a 2000sqft Apt pretty much anywhere in the city (maybe except Boat Club).

    Now you can buy a unit like that in Hiranandani OMR project, 50 kms away from the city.

    Back then 50L was a avg price of a 2-bhk, now 1C for a 2-bhk is getting common.

    Wonder what would be the median price in the next year or two?

    Difficult to even imagine.
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  • i thik my wait is getting fruitful... Oh god dont spoil this time
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  • Defu,

    I've been investing in Chennai real estate since 2003, now I'm entering again. I studied the market for past 8 months, though economy is not in good state and lot of uncertainties aroud, real estate prices are showing no signs of coming down significantly. I see lot of builders offering discounts and freebies (like Anthony developer) but that doesn't seem to be the general trend.

    I finally decided to plunge in after a long unfruitful wait. Hope you are lucky in your wait.
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  • Good Luck Love4Land

    I think it is going to be pretty worse i have hell of a time this time to wait, i would enter 6-8 months or 1 year later or probably after election unless i get any good deal

    Happy Hunting
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  • I made a simple calculation, in 2003 when I invested in an apartment my annual salary was x and property value is 8x.

    Now my salary is 20x but property value in same location is only 8x, does that mean property price hasn't peaked yet?
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  • love4land

    Can we be more specific? I mean which location is that apartment located?
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  • I am also plunging now ...
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