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Property Price Trends in Chennai

Last updated: 4 weeks ago
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  • Re : Property Price Trends in Chennai

    Originally posted by nabishek View Post

    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!

    Comment


    • Re : Property Price Trends in Chennai

      Stocks vs RE

      Hi All,

      Although stocks and RE are two different asset classes, one would agree that both are markets, and as such are governed by 'market forces' (Those who talk of RE as rigged vs stocks should know that the existence of so called 'operators' and manipulators in stocks in more prevalent than we would like to believe). If that be so, can we ask some questions about RE (Chennai RE, in particular), considering it as an asset class governed by factors such as, overall economy, value or worth of a property, builders reputation, location significance, demand-supply and other cyclical factors such as interest rates, boom-bust nature of disposable income, builder income etc.?

      In such a spirit, my own questions are:

      1. Chennai RE is stagnating after a 3-4 year bull run (depending on where you want to start) - in general, stagnating markets are poised for a break-out. Usually, a second bull run does not arrive until some 'gaps' are filled by the asset prices, meaning 'price correction'. If that holds, can we say the price correction has happened or is about to happen? What will make that happen?
      2. Do the powers that be have that much power to actually hold the prices from falling - if so, for how long? This argument is usually made by those who say that Chennai prices will not fall because 'those people will not let that happen' - who are these people?
      3. So, going by the above, if we agree that we had a bull run, if we agree that Chennai RE is stagnating for 1-2 years, then a correction has to be on the cards, no two ways about it, it seems. Or we will have more stagnation, meaning up and down 10-15% for months or years. But, after that what?

      Please share your insight.

      Thanks.

      End_user

      Comment


      • Re : Property Price Trends in Chennai

        And the next one to hold Chennai RE up.

        http://www.hindu.com/2010/02/28/stor...2850220100.htm

        I was expecting something of this kind, after visiting Fair Pro 10, to increase Chennai RE.

        Expecting some more announcements on the way...........

        Comment


        • Re : Property Price Trends in Chennai

          Originally posted by REUser View Post
          http://www.hindu.com/2010/02/28/stor...2850220100.htm

          I was expecting something of this kind, after visiting Fair Pro 10, to increase Chennai RE.

          Expecting some more announcements on the way...........
          No way...!!!
          DId you read the last statement..it says "These recommendations are expected to be implemented by 2026".....its a long way...

          Mahesh

          Comment


          • Re : Property Price Trends in Chennai

            Originally posted by Maheshk View Post
            No way...!!!
            DId you read the last statement..it says "These recommendations are expected to be implemented by 2026".....its a long way...

            Mahesh
            2026 It Is a misprint in the newspaper.
            It is should have been 2062.

            Yes 80% of the work will be completed in 2062 and opened for commuters in 2072.

            Comment


            • Re : Property Price Trends in Chennai

              too true

              Originally posted by Economist View Post
              2026 It Is a misprint in the newspaper.
              It is should have been 2062.

              Yes 80% of the work will be completed in 2062 and opened for commuters in 2072.
              unfortunately,its only too true.

              Comment


              • Re : Property Price Trends in Chennai

                Originally posted by end_user View Post
                Hi All,

                Although stocks and RE are two different asset classes, one would agree that both are markets, and as such are governed by 'market forces' (Those who talk of RE as rigged vs stocks should know that the existence of so called 'operators' and manipulators in stocks in more prevalent than we would like to believe). If that be so, can we ask some questions about RE (Chennai RE, in particular), considering it as an asset class governed by factors such as, overall economy, value or worth of a property, builders reputation, location significance, demand-supply and other cyclical factors such as interest rates, boom-bust nature of disposable income, builder income etc.?

                In such a spirit, my own questions are:

                1. Chennai RE is stagnating after a 3-4 year bull run (depending on where you want to start) - in general, stagnating markets are poised for a break-out. Usually, a second bull run does not arrive until some 'gaps' are filled by the asset prices, meaning 'price correction'. If that holds, can we say the price correction has happened or is about to happen? What will make that happen?
                2. Do the powers that be have that much power to actually hold the prices from falling - if so, for how long? This argument is usually made by those who say that Chennai prices will not fall because 'those people will not let that happen' - who are these people?
                3. So, going by the above, if we agree that we had a bull run, if we agree that Chennai RE is stagnating for 1-2 years, then a correction has to be on the cards, no two ways about it, it seems. Or we will have more stagnation, meaning up and down 10-15% for months or years. But, after that what?

                Please share your insight.

                Thanks.

                End_user
                You are talking technicals without foundation. When did a gap get created in Chennai RE? Prices went up steadily from 2004 onwards. If you missed it that is not other's problem. The gap up happened in Bangalore. In 2003 in just one year it shot up the entire distance almost and so it has had some correction.
                Get your facts right buddy.

                Comment


                • Re : Property Price Trends in Chennai

                  Originally posted by Economist View Post
                  2026 It Is a misprint in the newspaper.
                  It is should have been 2062.

                  Yes 80% of the work will be completed in 2062 and opened for commuters in 2072.
                  2062 and 2072.. that is when Wiseman will be needed to predict. I think most of us may not be bothered about even 2020! LOL!

                  Comment


                  • Re : Property Price Trends in Chennai

                    Don't accuse others of talking nonsense while doing the same yourself!

                    Originally posted by Almighty View Post
                    You are talking technicals without foundation. When did a gap get created in Chennai RE? Prices went up steadily from 2004 onwards. If you missed it that is not other's problem. The gap up happened in Bangalore. In 2003 in just one year it shot up the entire distance almost and so it has had some correction.
                    Get your facts right buddy.
                    Almighty,

                    You are talking about "Gap-up" in a completely unregulated market without any well-defined price quoting mechanism.

                    So, how do you measure a "gap". For this you need a closing price for the previous tick (a tick can span a single minute and at the dame time a whole month but it has to have a specified time span). And in this RE market there is no such mechanism - why one cannot even specify a standard product and its official price!!!

                    So, while accusing others about their poor technicals, just check that you too are not talking similar nonsense that you are accusing others of!

                    Just reading Technical Analysis 101 and mugging up some terms does not make you a wizard, just another opiniated, pompous fool!

                    I wonder how you take complete leave of your senses (does that even exist? sometimes I wonder) even for the simplest of definitions?! First check the 3 fingers pointing back at you while you are merrily pointing one at another person!

                    cheers

                    Comment


                    • Re : Property Price Trends in Chennai

                      Originally posted by wiseman View Post
                      Almighty,

                      You are talking about "Gap-up" in a completely unregulated market without any well-defined price quoting mechanism.

                      So, how do you measure a "gap". For this you need a closing price for the previous tick (a tick can span a single minute and at the dame time a whole month but it has to have a specified time span). And in this RE market there is no such mechanism - why one cannot even specify a standard product and its official price!!!

                      So, while accusing others about their poor technicals, just check that you too are not talking similar nonsense that you are accusing others of!

                      Just reading Technical Analysis 101 and mugging up some terms does not make you a wizard, just another opiniated, pompous fool!

                      I wonder how you take complete leave of your senses (does that even exist? sometimes I wonder) even for the simplest of definitions?! First check the 3 fingers pointing back at you while you are merrily pointing one at another person!

                      cheers
                      Wah wah, wat an exent analysis. wah wah....
                      Wiseman check out who wrote the word gap up first. BTW, are you taking some medication. Your behaviour seems to show you are highly depressed.

                      Comment

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