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Property Price Trends in Chennai

Last updated: 3 weeks ago
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  • #61

    #61

    Re : Property Price Trends in Chennai

    Originally posted by Natarajg007 View Post
    Do check the price of TNHB flat in Vyasarpadi. Govt pricing. 2930psft approx. Now dont tell me prices are high, though a person like me holding land in more vantage points will call it high and living in Bangalore will look at flat buyers in Madras as if I am looking at idiots.
    However to buy a flat in Vyasarpadi as per TNHB advt in today's Hindu is much costlier than a flat I can get you in places 5km from MG Road. So much for your FSI, hiked flat prices, silly system and idiotic Tamil politicians and practices.
    I am planning to leave this lunatic bear board, like I said, filled with foxes looking at grapes.
    Bye to you Nabhishek.
    Dear Nataraj,

    I completely agree with you on the TNHB flats, In december 2008 I pointed a similar advt where TNHB were offering flats in sholingnallur.It was LIG flats of arnd 450 sqft at 2230 rs/sqft.

    Most of these flats/plots are alloted through recommendations from MP/MLA/Ministers, which is resold at higher price.

    The rules and policies are not End user-friendly.The government has to stop backing The RE Cartel and Banks.

    Instead of thinking what additional sops to give to the builders and how to reduce the interest rates of home loans.The focus, should be into developing better infrastructure and self sustained townships.

    With the elections nearing we can see lots of loyalties shiftings and priorities changing.There will be huge pressure on the political parties, to liquidify the assets for spending for the elections.

    Already the foreign investors have pulled out, banks have started to exert more vigil in handling RE, buyers are in wait and watch mode.
    Finally, The pullout of black money invested in RE would show whats really holding up the prices.

    Nataraj, I request you to please continue writing here and share your insights and experiences.We can understand if you cant contribute often, but dont abandon the forum altogether.Your presence and views helps readers weigh the possibilities, alternatives and understand RE Investing better.I really appreciate and thank you for all the time and effort you have taken to educate us so far.

    Comment

    • #62

      #62

      Re : Property Price Trends in Chennai

      Don't just talk about it ... Do it!

      Originally posted by Natarajg007 View Post
      Do check the price of TNHB flat in Vyasarpadi. Govt pricing. 2930psft approx. Now dont tell me prices are high, though a person like me holding land in more vantage points will call it high and living in Bangalore will look at flat buyers in Madras as if I am looking at idiots.
      However to buy a flat in Vyasarpadi as per TNHB advt in today's Hindu is much costlier than a flat I can get you in places 5km from MG Road. So much for your FSI, hiked flat prices, silly system and idiotic Tamil politicians and practices.
      I am planning to leave this lunatic bear board, like I said, filled with foxes looking at grapes.
      Bye to you Nabhishek.
      Nats,

      Why this empty threats about leaving this board (and abusing as usual, its getting boring - your abuses; not having the shock effect you are hoping for)? Unlike others on this board, I'm asking, why don't you act on your threats and simply leave it?

      Do you really think this board does not have others who are as good as even better than you? That it will collapse without your royal, pain-in-the-a** attitude?!

      I'm using your language against you. If you have such an ego that you think your views are as indispensible as oxygen to man, just leave and see how expendable you really are!!!

      As De Gaulle said, "the World's graveyards are full of indispensible men"!

      Care to quit? Or simply gassing as usual

      cheers

      Comment

      • #63

        #63

        Re : Property Price Trends in Chennai

        Will Madurail real estate price come down

        I am positing in this thread as I find it active.
        I was reading these forums and it's so informative. There are lots of info on Chennai real estate price level coming down. Would anybody able to shed light on Madurai real estate price, if it will come down?

        A relative of mine is selling 10 cents of land near Madurai - Sattirapatti for 1 cent / rs.45,000. Is it worth buying now with cash. I'm in a dilemma. Your points will help to make a decision.

        thanks
        saj

        Comment

        • #64

          #64

          Re : Property Price Trends in Chennai

          Dear friend,

          I don't think, you will make nats to quit the forum. He will write back with more vigour now.

          ks2071746

          Comment

          • #65

            #65

            Re : Property Price Trends in Chennai

            Originally posted by saj;147**
            I am positing in this thread as I find it active.
            I was reading these forums and it's so informative. There are lots of info on Chennai real estate price level coming down. Would anybody able to shed light on Madurai real estate price, if it will come down?

            A relative of mine is ******* 10 cents of land near Madurai - Sattirapatti for 1 cent / rs.45,000. Is it worth ***ing now with cash. I'm in a dilemma. Your points will help to make a decision.

            thanks
            saj
            Madurai RE will also go down as IT parks in Madurai are only in paper. There RE prices were made up based on IT parks

            Comment

            • #66

              #66

              Re : Property Price Trends in Chennai

              Originally posted by Nataraajg007;14*97
              Madurai RE will also go down as IT parks in Madurai are only in paper. There RE prices were made up based on IT parks
              Dear friend,

              I agree. The IT park talks have increased the land prices atleast 10 fold. Now that IT is down, there is still no symptom of the prices coming down in the so called II tier cities where IT parks are planned.

              ks2071746

              Comment

              • #67

                #67

                Re : Property Price Trends in Chennai

                Just fingering. No one should leave this forum

                Originally posted by ks2071746;14*39
                Dear friend,

                I don't think, you will make nats to quit the forum. He will write back with more vigour now.

                ks2071746

                ks,

                Just fngering like he does. Not really meaning it

                cheers

                Comment

                • #68

                  #68

                  Re : Property Price Trends in Chennai

                  From ************

                  It's Become Difficult To Sell Affordable Houses As Well
                  Realtors are witnessing deeper trouble these days. Affordable housing, on which many developers were banking on in a desperate bid to keep toplines intact, is proving a less than stable plank, much less a buoy. DLF could sell only 77 units last quarter, compared to 400 units in the two quarters preceding the last. As per analysts, of all the verticals, affordable housing has performed the worst for the company, forcing it to bring down project prices in various locations. Even Parsvnath Developers, another realtor from Delhi, was unable to generate sales in the affordable segment last quarter. The company, which has the highest area under construction, reported an 83.5% fall in the cost of construction, suggesting a near stoppage of project execution.
                  --24 Feb 2009 DNA

                  Realty Prices Fall, Finally!
                  After putting up with stagnation and offering freebies and discounts, developers hit by a demand crunch and economic slowdown are finally biting the real bullet and decide to lower prices in key apartment zones in or around Delhi, Mumbai, Bangalore and Hyderabad. Realty rates across the country have fallen by 10-40 per cent. And while prices vary depending on location, size, quality, amenities and time of possession, there are clear indications that the earlier price surge created by speculation and high growth has petered down. "It makes perfect sense for industry leaders to rationalize project prices," said Mr. Anuj Puri, country head at real estate consultancy firm Jones Lang LaSalle Meghraj. "That is the need of the hour," he added.
                  --26 Feb 2009 Hindustan Times

                  Comment

                  • #69

                    #69

                    Re : Property Price Trends in Chennai

                    Originally posted by wiseman View Post
                    Nats,

                    Why this empty threats about leaving this board (and abusing as usual, its getting boring - your abuses; not having the shock effect you are hoping for)? Unlike others on this board, I'm asking, why don't you act on your threats and simply leave it?

                    Do you really think this board does not have others who are as good as even better than you? That it will collapse without your royal, pain-in-the-a** attitude?!

                    I'm using your language against you. If you have such an ego that you think your views are as indispensible as oxygen to man, just leave and see how expendable you really are!!!

                    As De Gaulle said, "the World's graveyards are full of indispensible men"!

                    Care to quit? Or simply gassing as usual

                    cheers
                    So Wise Beggar, you are begging me to leave? I have very little business here except to pass time as I am doing now. However dealing with a really crude idiot like you is not really interesting, a. As you lack intelligence and b. Because you are so angry that you want to eat diarrhea.
                    Please clean up and come to this board. Your mouth is stinking!

                    Comment

                    • #70

                      #70

                      Re : Property Price Trends in Chennai

                      Originally posted by nabishek View Post
                      Dear Nataraj,

                      I completely agree with you on the TNHB flats, In december 2008 I pointed a similar advt where TNHB were offering flats in sholingnallur.It was LIG flats of arnd 450 sqft at 2230 rs/sqft.

                      Most of these flats/plots are alloted through recommendations from MP/MLA/Ministers, which is resold at higher price.

                      The rules and policies are not End user-friendly.The government has to stop backing The RE Cartel and Banks.

                      Instead of thinking what additional sops to give to the builders and how to reduce the interest rates of home loans.The focus, should be into developing better infrastructure and self sustained townships.

                      With the elections nearing we can see lots of loyalties shiftings and priorities changing.There will be huge pressure on the political parties, to liquidify the assets for spending for the elections.

                      Already the foreign investors have pulled out, banks have started to exert more vigil in handling RE, ers are in wait and watch mode.
                      Finally, The pullout of black money invested in RE would show whats really holding up the prices.

                      Nataraj, I request you to please continue writing here and share your insights and experiences.We can understand if you cant contribute often, but dont abandon the forum altogether.Your presence and views helps readers weigh the possibilities, alternatives and understand RE Investing better.I really appreciate and thank you for all the time and effort you have taken to educate us so far.
                      Nabhishek, It looks like you are very biassed. You seem to find a reason for WHY RE SHOULD FALL? Just take an hour, think RE SHOULD NOT FALL and see if it will fall.
                      My argument on this board is never about what is right about RE going up? It is WHETHER IT WILL GO UP?
                      In other words if you tell me Indian RE is not justified in going up, I will add that INdian salaries in the past 5 years are abyssmally high. However if that falters then RE MIGHT? Again it is might not will!
                      Reason is one way things are being kept in place is Rupee depreciation. What many on this board dont even seem to understand even fundamentally is that Indian finance is different from US. US like to keep a strong dollar. India/China prefer a weak currecy. Until the past few years Rupee was just let to fall. If you have lived the life of travelling abroad in the late 80s and 90s and early 00s you will know what I mean.
                      So just try to think about the rising sales of Autos and THINK CAREFULLY. If there are folks to Cars, wont they a more durable and long term oriented asset called as RE. One will always a flat than a Benz! Cheers.

                      Comment

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