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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  • CommentQuote
  • Originally Posted by k11
    I can attest to that. It does not work out sometimes, I am in late 20's Single and have been seeing some people in the last few months.

    I find it easy to attract N Indian girls, especially the ones from NCR.
    Tall athletic guys with above avg income and assets works out.

    Bengali girls are the best lookin by the way in my opinion followed by Delhi and then rest of the country.

    Chennai girls, do not get impressed by beemers, six pack, salaries and most of all, RE holdings. Recently immigrated Chennai based NRIs are prob the worst, they do not care about any kind of bling.


    So, you're a tall athletic guy with above avg income and assets! Good on you mate!!

    BTW, Chennai girls seem to fall for good kadi jokes! Just my 2 cents.

    PS: Sorry for being off topic.
    CommentQuote
  • Originally Posted by murugesh
    So, you're a tall athletic guy with above avg income and assets! Good on you mate!!

    BTW, Chennai girls seem to fall for good kadi jokes! Just my 2 cents.

    PS: Sorry for being off topic.


    Girls tell me I look like Salman Khan :)

    @Murugesh: Is this a good enough Kadi joke to attract Chennai girls?
    CommentQuote
  • Originally Posted by k11

    Chennai girls, do not get impressed by beemers, six pack, salaries and most of all, RE holdings. Recently immigrated Chennai based NRIs are prob the worst, they do not care about any kind of bling.


    Where are these Chennai girls you are talking about? :)

    Salary is the most important factor IMO when it comes to girls (for marriage). They can guesstimate based on your profession,company,title etc. Also Chennai girls are more conservative when it comes to profession (engineers, doctors are preferred. A businessman, even if doing good financially might have a relatively hard time)
    CommentQuote
  • Originally Posted by k11
    I can attest to that. It does not work out sometimes, I am in late 20's Single and have been seeing some people in the last few months.

    I find it easy to attract N Indian girls, especially the ones from NCR.
    Tall athletic guys with above avg income and assets works out.

    Bengali girls are the best lookin by the way in my opinion followed by Delhi and then rest of the country.

    Chennai girls, do not get impressed by beemers, six pack, salaries and most of all, RE holdings. Recently immigrated Chennai based NRIs are prob the worst, they do not care about any kind of bling.


    K11- Now that's tough project you've in hand! :bab (22): I had lived considerable amount of time in areas you've quoted. I may be stereotyping here, but it's just my view.

    Glitz and pomp sells in Delhi but comes with high debt quotient.

    Bongs- Quite similar to S.I on cerebral quotient, you may find more on media and entertainment, promising but very rarely live upto potential (may be due to Socialism). Good one to have healthy debate.

    Chennai- Unless you're an IIT/NIT/MS or IIM difficult nut to crack. West beckons, if you live in US with GC it's a trump card. More laidback and looks are deceiving but long term bet. Everything similar to Bongs but consumate on career front.

    Probably best of both sides would be west (Mumbai). Laid back but have plenty of risk appetite to succeed in career and life.

    In case if you belong to business community then Sindhis, Marwaris/Gujjus are good networking opportunity.

    I'm sounding more like match-maker:D. Any way good luck!
    CommentQuote
  • I could not believe there are so many eligible bachelors lurking this board :)

    The male/female ratio is all time low. So a man has to compete with others to find even so and so looking girl. This is called generation changing trend. Now I can correlate the same with real assets. Now it is time to have those to hedge against the fiat currency. Even if you have dollar income in India you do not find yourself rich.
    CommentQuote
  • Well I forgot to put disclaimer- my innings was over few years back and no more on the market :) . It's just you want to pass it on to next in line:o. It's just hope, but this investment is one- eventually reality will bite , irrespective of all planning and strategies :D
    CommentQuote
  • Originally Posted by sunr2i
    Apart from QE3, the present govt in India surprised the market by introducing long waited reforms. The indication is that more to come from the present govt to rejuvenate the economy and to face the election in 2013/14. Hike in diesel price is not done fully and expect one more within 6 months. Gold and silver are heading north. The price of RE is stubborn within CBD. Younger population of India have more disposable income than before. Also I noticed that lot of young men who are waiting to get married are buying flats to show off their wealth and attract potential bride. Having a flat seems to be integral part of every one's dream in India. When I grew up I never worried about having a home and spent most of the time in rented flats. Now I see Hugh difference in cultural shift to feel sorry for being in rented house!


    Back to reality. Aren't we as race, always wait till D-day to react, but it's blessing in disguise. It will have long term impact the way we operate, pretty similar to Telecom and Media FDIs. India as a country, one thing we really lack is retail technology know-how and logistics (incl storage/processing).

    It will only strengthen domestic retail companies resolve and shed archiac business practice they follow (pre-license raj era). I do foresee few strong domestic players in next decade or so, add to it bulging government tax receipts. Corner/Kirana shops will have least impact untill next 20-30 years but middlemen may take a beating who currently hoards and inflates commodities. Even India's debt to GDP or fiscal deficit isn't that bad, it's just we lack good leadership on foreign affairs. If only Legal and Accounting FDIs fall in place- we will have smooth passage for entrepreneurship, that's where elephant will wake up and run a 100m race.

    On $ front, will be interesting to see after US elections. QEs will show their true colour across Europe and US then.
    CommentQuote
  • Thanks, Guys. Here are my observations in the recent few months.

    Originally Posted by randomguy
    Salary is the most important factor IMO when it comes to girls (for marriage). They can guesstimate based on your profession,company,title etc. Also Chennai girls are more conservative when it comes to profession (engineers, doctors are preferred. A businessman, even if doing good financially might have a relatively hard time)

    More than Salary, working at firms like 'Google' do matter. Even if you are the lowest level employee there. Unfortunately, I do not work in IT and probably too late to start a new career.

    Originally Posted by Clairvoyant
    Chennai- Unless you're an IIT/NIT/MS or IIM difficult nut to crack. West beckons, if you live in US with GC it's a trump card.

    You hit the nail. I heard this from multiple S Indian girls.
    IIT seems to be the trump card. You do not need a glitzy job, good looks, RE or anything else. IIMs also helps I suppose but not in the same vein.

    Originally Posted by sunr2i
    The male/female ratio is all time low. So a man has to compete with others to find even so and so looking girl.

    Imagine the havoc it is going to play 10 yrs down the road.
    Blame the bad ratio. Few years ago, families with girls pay dowry to get guys.
    If that reverses, may be I will have to sell my flat and get girl instead.

    Originally Posted by murugesh
    BTW, Chennai girls seem to fall for good kadi jokes! Just my 2 cents.
    I might have to learn a few in that case.
    CommentQuote
  • Coming back to QE and RE prices.

    I feel the following things are important.

    Retail FDI - remains key investment pocket for RE development and appreciation.

    Fuel and other Subsidies - Rupee is relying on the Current Account deficit drama, eliminating them means rupee back to 40. Else 60 seems easy.

    Indian Elections - Noone seems to have a big majority. Back to horse trading.
    Does not look good for stock market or RE market in near term until Elections are over. Politicians will have to sell RE to fund Elections.

    Slowdown in China - Seems to be the biggest driver in near term. RE needs strong China.
    CommentQuote
  • Originally Posted by k11
    I can attest to that. It does not work out sometimes, I am in late 20's Single and have been seeing some people in the last few months.

    I find it easy to attract N Indian girls, especially the ones from NCR.
    Tall athletic guys with above avg income and assets works out.

    Bengali girls are the best lookin by the way in my opinion followed by Delhi and then rest of the country.

    Chennai girls, do not get impressed by beemers, six pack, salaries and most of all, RE holdings. Recently immigrated Chennai based NRIs are prob the worst, they do not care about any kind of bling.


    Sorry to drag back to this interesting topic, rarely we get a entertainment quotient in this thread and dont want to leave it :D

    k11, reading ur mature posts and longevity in RE field, didnt guess u r late 20's . Also share ur observation abt Bongs .. I go "Bong"ers over them :D

    Also I am in same category pointed out by sunr2i. :o

    Lastly, the Girl's father not only validate the property owned by the boy but also the location, Anna nagar would get more returns than Medavakkam :D

    Also Chennai Girls are very smart in filtering boys. Owning house, NRIs , rich background is still the 1st preference. The father askes questions about boy's Role, Promotion, Bonus, about the company and finally, what are chances of onsite and impact of US recession/elections ;-)
    CommentQuote
  • Originally Posted by vettipayyan
    finally, what are chances of onsite and impact of US recession/elections ;-)

    I think many S Indians do not prefer NRIs or people with intention to go abroad.

    I had couple of people back out because they did not want to move out and wanted to stay in their city. I always wanted to work in Asia-Pacific like HK, Seoul, etc for couple of years and then come back to India.

    I am wasting a lot of money on these meetings (date), flight tickets, hotels, expensive restaurants, etc. I guess it is an investment after all.
    CommentQuote
  • As some one recently in the market (not any more), girl's parents look for 2 things : Education(reputation of the college - IIT=big bonus) and reputation of the company(Big brands: google,microsoft etc). Parents' education also matters.

    Girls go one step further - they look at your 'title' and your career progress/future career plans. Girls also look where you studied abroad (is it a good Univ?), whereas parents don't have any clue and call it "MS US", "MS UK" or whatever.

    RE/wealth never came into picture in most cases - at least in my case. Clearly, at least in South, education and company you work for, matters much more than your wealth (at least that's what I sensed during my search). But I'm sure they equate education as just a proxy for wealth.
    CommentQuote
  • Vow! Interesting discussions :)
    Yes, owning a flat has become something like a status symbol for guys in 20's and for sure they possess good potential in wedding market.
    CommentQuote
  • Originally Posted by randomguy
    But I'm sure they equate education as just a proxy for wealth.

    You are right on the mark.

    Many of the girls, do not know what the reality is. I guess it was like that in olden days. Whereas nowadays salaried folks cannot definitely make the cut unless they worked in pre-ipo Google, Facebook or something similar.
    But cannot blame them, it is the whole system in particular S India where an IITian with a 10L salary is considered cool than an enterpreuner who gets 10C a year.
    CommentQuote