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Property Price Trends in Chennai

Last updated: May 20 2021
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  • Re : Property Price Trends in Chennai

    For a couple of years it will be just slow and steady mode

    Comment


    • Re : Property Price Trends in Chennai

      couple of years has been gone from 2008 onwards... couple of decades might be right

      Comment


      • Re : Property Price Trends in Chennai

        Originally posted by wiseman View Post
        Its not final yet. And what kind of feedback will enable lowering of this?

        After all, its not clear how I, as a citizen, can give feedback and figure out how many people are against this high a rise! In other words where is the transparency and necessity for Govt to be forced to revise downwards?

        Maybe Madam wants to get "feedback" of the green variety from parties interested in either lowering or raising the bar!

        Coming to the global recession, rest assured that your wishes will come true possibly 2012 onwards and you will be able to buy at affordable rates that too in full white!

        cheers

        2012 seems to be a tough year.

        Comment


        • Re : Property Price Trends in Chennai

          "In 2002 it was bad, in 2008 it was worse and 2012 or 2013 is going to be worse still

          The world is definitely going to face another financial crisis stemming from problems in Europe, Jim Rogers said Wednesday.

          "We`re certainly going to have more crises coming out of Europe and America; the world is in trouble. The world has been spending staggering amounts of money that it doesn`t have for a few decades now, and it`s all coming home to roost," Rogers, CEO and chairman Rogers Holdings told CNBC.
          He added that the crisis would be much worse than the one markets saw in 2008 because the debt is much higher now.

          "Last time, America quadrupled its debt. The system is much more extended now, and America cannot quadruple its debt again. Greece cannot double its debt again. The next time around is going to be much worse," Rogers said.
          "In 2002 it was bad, in 2008 it was worse and 2012 or 2013 is going to be worse still - be careful," he added.

          Rogers said he was long the euro despite the euro zone facing deep crises, but said all paper money was now under duress.
          "I own several paper currencies. My theory is that if things get better I will make money in commodities, and if they don`t get better I`ll make money in commodities because they`ll print more money and stocks will be going down a lot," he said.

          "I own the euro because everyone is beating it down so badly and the US dollar too," he added.
          He said all the main currencies were in terrible shape but he still expected to make money from them.
          Rogers told CNBC the only solution to the crisis was to let everyone go bankrupt.

          "Get everyone in a room and decide you will go bankrupt. You will survive and we`re going to ringfence you. We`ll make sure your checks clear. Everyone`s deposits are going to be ok, the system`s going to survive.
          "But we are going to have a lot of pain that way the system would survive because some countries including Germany have credibility," Rogers said.
          He said if Greece left the euro it would be a disaster for the Greeks because they would go back to the "same old ways".
          "They would start printing money. No one would lend them money. Inflation would go through the roof and the Greek economy would get worse and worse. That`s not good for Greece. It`s not good for the world," he said.
          "It would be better off if we can hold the euro together and we reorganize. People are bankrupt and when people are bankrupt you might as well face reality. Reorganize the assets, competent people (will) come in and you start over from a sound base," Rogers said.

          100% chance of crisis & that too worse than '08: Jim Rogers - CNBC -

          Comment


          • Re : Property Price Trends in Chennai

            Worth reading this thread.Dont know how these Builders manage to jack up the prices eternally.But thats the reality.

            https://www.indianrealestateforum.co...=13092&page=34


            Originally posted by REUser View Post
            The world is definitely going to face another financial crisis stemming from problems in Europe, Jim Rogers said Wednesday.

            "We`re certainly going to have more crises coming out of Europe and America; the world is in trouble. The world has been spending staggering amounts of money that it doesn`t have for a few decades now, and it`s all coming home to roost," Rogers, CEO and chairman Rogers Holdings told CNBC.
            He added that the crisis would be much worse than the one markets saw in 2008 because the debt is much higher now.

            "Last time, America quadrupled its debt. The system is much more extended now, and America cannot quadruple its debt again. Greece cannot double its debt again. The next time around is going to be much worse," Rogers said.
            "In 2002 it was bad, in 2008 it was worse and 2012 or 2013 is going to be worse still - be careful," he added.

            Rogers said he was long the euro despite the euro zone facing deep crises, but said all paper money was now under duress.
            "I own several paper currencies. My theory is that if things get better I will make money in commodities, and if they don`t get better I`ll make money in commodities because they`ll print more money and stocks will be going down a lot," he said.

            "I own the euro because everyone is beating it down so badly and the US dollar too," he added.
            He said all the main currencies were in terrible shape but he still expected to make money from them.
            Rogers told CNBC the only solution to the crisis was to let everyone go bankrupt.

            "Get everyone in a room and decide you will go bankrupt. You will survive and we`re going to ringfence you. We`ll make sure your checks clear. Everyone`s deposits are going to be ok, the system`s going to survive.
            "But we are going to have a lot of pain that way the system would survive because some countries including Germany have credibility," Rogers said.
            He said if Greece left the euro it would be a disaster for the Greeks because they would go back to the "same old ways".
            "They would start printing money. No one would lend them money. Inflation would go through the roof and the Greek economy would get worse and worse. That`s not good for Greece. It`s not good for the world," he said.
            "It would be better off if we can hold the euro together and we reorganize. People are bankrupt and when people are bankrupt you might as well face reality. Reorganize the assets, competent people (will) come in and you start over from a sound base," Rogers said.

            100% chance of crisis & that too worse than '08: Jim Rogers - CNBC -

            Comment


            • Re : Property Price Trends in Chennai

              Next in Line will be land resale.. probably its time to start the thread 'Will you Invest in Falling Asset"

              Comment


              • Re : Property Price Trends in Chennai

                Raising NPA of Banks True Picture

                Here's the real picture behind rising NPAs - CNBC-TV18 -

                Comment


                • Re : Property Price Trends in Chennai

                  Polls prop up realty market in Kolkata, Chennai

                  The reason why Kolkata and Chennai hasn't been hit by the downturn is because both markets are driven by end users and not speculative investors. Builders, too, have been pragmatic in these two markets and not gone the whole hog to create a situation where supply is excess. Moreover, prices in these markets continue to remain reasonable," said Pradeep Sureka, president of the Bengal chapter of Confederation of Real Estate Developers' Association of India (CREDAI).................

                  Source - Polls prop up realty market in Kolkata, Chennai - Times Of India

                  Comment


                  • Re : Property Price Trends in Chennai

                    Originally posted by braveman View Post
                    The reason why Kolkata and Chennai hasn't been hit by the downturn is because both markets are driven by end users and not speculative investors. Builders, too, have been pragmatic in these two markets and not gone the whole hog to create a situation where supply is excess. Moreover, prices in these markets continue to remain reasonable," said Pradeep Sureka, president of the Bengal chapter of Confederation of Real Estate Developers' Association of India (CREDAI).................

                    Source - Polls prop up realty market in Kolkata, Chennai - Times Of India
                    Braveman,

                    Thanks for the update.Chennai has always been a conservative market (compared to places like Noida,Bangalore etc).... so the news is on expected lines.Drives home the point that analysis always needs to be market specific.With regards to rising NPAs (No offense meant but My observation ever since CNBC TV 18 started is that they have a trend of tomtoming bear markets scenarios a bit too much), Would be interesting to see what is the outstanding debt of Leading Chennai based (or Chennai/TN oriented) builders like Ceebros,ETA,Akshaya,Appaswamy, Ramaniyam, Arun Excello,Jain housing,Vijayashanti etc. if any one can get this information.I am sure that they will be in a far better shape than DLFs and Unitechs of the world.So I dont agree when a Bear market scenario is painted for Chennai and TN based on what is happening else where in India.I also feel that Strength that Chenai market is exhibiting in the current scenario is a good pointer that prices will zoom far more and far quicker than other areas when the Situation turns around Pan India provided Madam J and her folks stay on top and continue to get the infrastructure developments (Like Chennai Metro,Chennai Monorial Road improvements, Power situation improvements,New airport etc) implemented without too much of time overruns.

                    Cheers.

                    Comment


                    • Re : Property Price Trends in Chennai

                      Originally posted by corvette View Post
                      Braveman,

                      Thanks for the update.Chennai has always been a conservative market (compared to places like Noida,Bangalore etc).... so the news is on expected lines.Drives home the point that analysis always needs to be market specific.With regards to rising NPAs (No offense meant but My observation ever since CNBC TV 18 started is that they have a trend of tomtoming bear markets scenarios a bit too much), Would be interesting to see what is the outstanding debt of Leading Chennai based (or Chennai/TN oriented) builders like Ceebros,ETA,Akshaya,Appaswamy, Ramaniyam, Arun Excello,Jain housing,Vijayashanti etc. if any one can get this information.I am sure that they will be in a far better shape than DLFs and Unitechs of the world.So I dont agree when a Bear market scenario is painted for Chennai and TN based on what is happening else where in India.I also feel that Strength that Chenai market is exhibiting in the current scenario is a good pointer that prices will zoom far more and far quicker than other areas when the Situation turns around Pan India provided Madam J and her folks stay on top and continue to get the infrastructure developments (Like Chennai Metro,Chennai Monorial Road improvements, Power situation improvements,New airport etc) implemented without too much of time overruns.

                      Cheers.
                      Thanks Corvette for the interesting information and you indeed had a point to make.

                      Comment

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