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Property Price Trends in Chennai

Last updated: 3 weeks ago
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  • Re : Property Price Trends in Chennai

    Originally posted by k11 View Post
    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! 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. Any way good luck!
    Last edited September 21 2012, 02:44 PM.

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    • Re : Property Price Trends in Chennai

      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.

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      • Re : Property Price Trends in Chennai

        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. It's just hope, but this investment is one- eventually reality will bite , irrespective of all planning and strategies

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        • Re : Property Price Trends in Chennai

          Originally posted by sunr2i View Post
          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.
          Last edited September 21 2012, 03:25 PM.

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          • Re : Property Price Trends in Chennai

            Thanks, Guys. Here are my observations in the recent few months.

            Originally posted by randomguy View Post
            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 View Post
            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 View Post
            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 View Post
            BTW, Chennai girls seem to fall for good kadi jokes! Just my 2 cents.
            I might have to learn a few in that case.

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            • Re : Property Price Trends in Chennai

              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.

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              • Re : Property Price Trends in Chennai

                Originally posted by k11 View Post
                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

                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

                Also I am in same category pointed out by sunr2i.

                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

                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 ;-)

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                • Re : Property Price Trends in Chennai

                  Originally posted by vettipayyan View Post
                  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.
                  Last edited September 21 2012, 11:59 PM.

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                  • Re : Property Price Trends in Chennai

                    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.

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                    • Re : Property Price Trends in Chennai

                      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.

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