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.
Read more
Reply
2327 Replies
Sort by :Filter by :
  • @Eco, is there any reasons you left out the gr8 intel officer of previous govt? :) If I remember correctly he did some gr8 adventures along with some 2G famous journalist in the field of RE. Also here is the list of IAS/IPS officers who got allotment in TNHB Nerkundram. இன்னும் எவ்வளவுதான் வேண்டும் ?
    CommentQuote
  • Eco/nabhishek/others,

    Don't you think the Civil Services has lost its sheen in the last decade or so.
    I mean in olden days that was the one of the best options for people for employment. But after the IT Boom, nowadays most public in S India are moving to IT MNCs, managment consulting firms after MBAs or abroad. We still see a lot of people writing the exams but it is not as big as before. The cream of the crop in S India generally do not sit for the exams, while in north it is not that bad (majority of candidates come from UP/Bihar) - there are exceptions I am talking about general population. Civil services rank last in any IIT-ians goal. Even the kids of ranked Govt officers or Armed Forces folks do not try attempting these. Policitians have got one up on most areas making some of these jobs even tougher. They have not been attractive any more. Private sector in India and abroad jobs are very cushy, so many do not even think about civil services.

    Taking all of these into account, do you guys think the upcoming officers would come from the same background as the previous batches. I am not referring to intelligence, academic profile, etc but the family background.
    CommentQuote
  • Thank you very much for the plethora of information Eco. This is really insightful, Even local chennaites dont have this much data..this shows how much attached you are to chennai.you really should spend your later part of life here :) I pray and wish that it all works out for you.

    One interesting thing I notice is none of them are residing outside city limits. One reason could be the adminstrative offices are all located in and around CBD and in government allotted locality. My interest in IAS/IPS investments is as you mentioned, basic infrastructure develops quickly..We get good schools. It gives guarenteed stable appreciation.

    The other day I was talking with a person who works in CMDA..I got to know that thirumazhisai township is facing some resistance and mostly is going to be only flats..the next huge layout will be maraimalai nagar phase II..Amma also wants to restart the Thiruporur project. Huge area is being earmarked right now..We can expect a announcement soon. Many officials in the previous government who were involved in giving allotments are facing charges so things are moving very slow.
    CommentQuote
  • In India, the civil administrative folks are the one who wield power next to PM, PMO, CMs and central ministers. If they are tech savy and really intelligent then they will be coming in the fourth place even beating up central ministers. Wielding power is kinda having a weapon. Whether you want a weapon or comfort is one's preference. More than that the amount of Job security, financial security after retirement for you and your spouse can not be matched by any other job at least with in the country. If you are IAS/IPS the legal benefits you receive from govt is also not small.

    FYI: Current Chennai City Commisioner is an IITian and did his masters in US (not sure what field and which Univ)
    CommentQuote
  • Originally Posted by nabishek
    .

    One interesting thing I notice is none of them are residing outside city limits. One reason could be the adminstrative offices are all located in and around CBD and in government allotted locality. My interest in IAS/IPS investments is as you mentioned, basic infrastructure develops quickly..We get good schools. It gives guarenteed stable appreciation.



    May be I did not communicate one of my message effectively in the last post .

    I wanted to highlight the generational (or Batch) move of these guys.

    Most of the above are senior most bunch, The will be in their mid 50s now and would be retiring in the next 5-7 years.

    When they moved into Mugaperu & Nolambur in the mid 90s , The area was outside city limit.

    When they moved in, Mogaperu & Nolambur was barren land next to Coovam banks.

    They were in their mid 30s to early 40s.

    Mogaperu Eri Scheme (where most of them now live) was a low lying monsoonal water body that drained in to Coovam river.

    In the mid 90s there was no water, sewage service and no roads, Underground water was yellow and unusable.

    About 8-10 years after the layouts formed every thing changed, Even before it became city limit they had most of the utilities plus other growth.

    Nolambur was about 5 years behind Mogaperu.

    I know the area well, we sold some of our plots in Mid 90s for dead cheap I think 1.5 Lakhs per ground only to buy back in the same area 5 years later with much high price.

    People used to buy, own or sell 3 or 4 grounds parcels in the early/mid 90 around 1.5L to 2.5L depending on location.

    In early 2000 it was 20L - 25L
    --------------------------------------------------------

    Now what are the guys in their 30s and 40s doing? where are they moving?
    CommentQuote
  • Originally Posted by k11
    Eco/nabhishek/others,

    Don't you think the Civil Services has lost its sheen in the last decade or so.
    I mean in olden days that was the one of the best options for people for employment. But after the IT Boom, nowadays most public in S India are moving to IT MNCs, managment consulting firms after MBAs or abroad. We still see a lot of people writing the exams but it is not as big as before. The cream of the crop in S India generally do not sit for the exams, while in north it is not that bad (majority of candidates come from UP/Bihar) - there are exceptions I am talking about general population. Civil services rank last in any IIT-ians goal. Even the kids of ranked Govt officers or Armed Forces folks do not try attempting these. Policitians have got one up on most areas making some of these jobs even tougher. They have not been attractive any more. Private sector in India and abroad jobs are very cushy, so many do not even think about civil services.

    Taking all of these into account, do you guys think the upcoming officers would come from the same background as the previous batches. I am not referring to intelligence, academic profile, etc but the family background.


    Mediocracy has entered everywhere..Our IT engineers are only doing low end support/maintainence jobs..none of the big IT companies want to bid a development project or develop a product..school children are not being taught that multiplication is repeated addition..you ask them what is 15*22? they say they know and were taught only till 15*20..thats the sorry state of affairs in education..so IPS/IAS people are no exception..

    I will agree to one point, the adminstrative environment is not conducive to thrive only based on performance so you generally see people who are tough, shameless and more reselient..There are lots of undercurrents and camps and the reservation system and minority commisions have impacted the environment a lot in government offices. Public banks are also not spared.

    Bureaucrats are the real policy makers and implementors of the country..the ministers just take the name and credit for their juniors works. For ex: Lalu as railway minister.
    That is why we have exams for these adminstrative positions but a politician can be illiterate. I would any day trust a mediocre bureaucrat who is there to stay and serve than a highly intelligent opportunist who will leave the country if opportunity abroad is lucrative. The power these people wield is tremendous..some are unassuming..but most flaunt it..Thats how it has always been since age of kings..saying they get salary from tax money is good only for debate..Governement spends for themselves first and then only for its people..in my opinion they will continue to demand the respect because of our huge populous and demand for their services..They are less corrupt than their politician counterpart as they are more accountable and dont disappear and appear every 5 years.

    I believe the few benefits we see happening despite the corruption in the country is because of them..I would go ahead and say..Development of Chennai RE is going to depend on what these people are going to do for infrastructure, development, maintaining peace and order in the state. Without them none of the auxiliary industries will prosper. Even if the current generation is only 50% as effecient as the old ones..I would rate them higher than the crap politicians we are seeing in the fray and average engineers we are producing.
    CommentQuote
  • Originally Posted by Economist

    Now what are the guys in their 30s and 40s doing? where are they moving?


    Thats exactly what I am trying to figure out..looks they are more intrested in buying in Tier II cities..In chennai..If it all they move..it must be first TNHB sholinganallur.
    CommentQuote
  • Originally Posted by k11
    Eco/nabhishek/others,

    Don't you think the Civil Services has lost its sheen in the last decade or so.
    Private sector in India and abroad jobs are very cushy, so many do not even think about civil services.

    Taking all of these into account, do you guys think the upcoming officers would come from the same background as the previous batches. I am not referring to intelligence, academic profile, etc but the family background.


    One thing I agree the job is not that interesting as there are too many of them, Too many moves, Unstable, Political harassment etc.

    20yrs ago
    No dozens of Additional secretaries, Deputy secretaries, Joint Secretaries. No dozens of MDs, Chairman's and boards.

    There was one DGP for the state, 1 commissionerate in the state, handful of IGs and DIGs .No ADGPS,JC, Additional commissioners ets etc.

    Once posted they served uninterrupted for at least 3 years in one place.

    One gets lost in the power corridors these days.

    But the demand for the service has jumped 100s of folds.
    Every tom dick and harry is training or running a coaching centre and creaming.

    The demand and applicants have increased but quality of the applicants has not increased. Just the rejection rate has become much much higher.

    The son of the officers are not even trying they are all leaving overseas if they have not left already.
    CommentQuote
  • Originally Posted by nabishek
    Thats exactly what I am trying to figure out..looks they are more intrested in buying in Tier II cities..In chennai..If it all they move..it must be first TNHB sholinganallur.


    For plots:
    1st is Manapakkam
    2nd is Karapakkam
    3rd is Ambathur & Sholinganallur equal I feel.
    The Judiciary has some exposure in shols.
    The transformation will not be as big as Mugaperu but may be like Nolumbur.

    Vellachery scheme too expensive.

    For Flats:
    1st Nerkundram .
    2nd Any scheme inside city limit.
    with flats the young one move out when they get a bit older and experienced

    Tier II
    They all like to buy in Tier II city near their native village.

    They tend to avoid buying in serving rural districts as the news spreads too fast in small towns.
    CommentQuote
  • Nice posts, nabishek and Eco.

    Sadly today, the civil services and bank exams have been mostly attracting people who do not get placements. We do not see any dedicated people today. One of my family members was preparing for the exams, I was talking to her few months ago. I have not met anyone other than her who had civil services career as a goal. She also said most of the people in her coaching center come there just because they do not have anything to do and they are simulatneously trying out entrance exams for CAT/GMAT/GRE or praticing for placement exams with MNCs and IT Majors. Both my parents are CG officials. Most of my friends, neighbours, classmates are kids of CG or Defense officers. None of them aspired for Govt jobs. Even my own parents think it is not worth the effort. Three years ago, I thought of taking the exam but then after a couple of promotions and pay increases, it is now become very hard decision for me. The realization that early retirement is possible in private sector while you have to slog for years in Govt sector with less pay and recognition is big gap. Anyway, the best time for anyone to get into Civil Services is early twenties, once we are in late twenties and start working it is very hard to leave it. Even among the youngsters and colleges, the focus is on placements or trying to get into a good college for master degree - IIM/MS/MBA/PhD, many of the current students might not even know what a Civil Services exam is.

    Govt needs to something really fast to attract good talent.
    Increasing pay - make performance based bonuses, and do things to make the jobs attractive to younger people.
    PSU Banks have already taken a lead in trying to lure people from private banks.

    They need a big PR campaign these days.
    Crazy Idea -
    How about Govt teaming up with Bollywood and Regional movies to bring back the jazz to civil services.
    May be they can sponsor a couple of movies with leading stars or sponsor some athletic events.
    CommentQuote
  • Can anyone post the latest price list. This one old i read this post before 4 years dont post it again
    CommentQuote
  • Interesting posts Eco, Abhishek and K11. It's not that bad I believe- I knew 4 people who recently moved to civil services- but, they are all highly qualified. A couple who were batch-mates with my Mrs in IIM and became IAS and IPS, one of my cousin's classmate/wife (moved to planning commission after IISc) and my friend/classmate (UP guy)- smart fellow,who waited three years and became IAS and now posted in South.

    IFS is still sort after, but tend to agree- the passion for civil services have reduced a lot due to other opportunities.

    IMO having age limit is counter-productive. You need people from all background at any time of their career. It enhances administration and implementation.
    CommentQuote
  • Originally Posted by bala_animation
    Can anyone post the latest price list. This one old i read this post before 4 years dont post it again


    I am sorry, I am not able to collect price information like before. I am not in the market now for buying, so my data will be nearly a year old..

    I had posted a pricelist couple of weeks back..I think it more or less reflects the market price with a variance of +/- 10-15%

    https://www.indianrealestateforum.com/forum/other-forums/legal-vastu-home-loans/indian-property-laws/796-can-lease-be-terminated-before-expiry?p=1223#post796

    Also, you can search based on your budget using the below links..all property shows feature these builders only

    Find Property | Credai Chennai

    Thank you for all your detailed posts..You seem to be having lot of useful data..Please continue sharing them for the benefit of everyone.
    CommentQuote
  • Originally Posted by Economist
    T
    Poes Garden – Bala & Rajini



    A little offtopic but cudnt avoid speaking.
    Bala moving into PG, when I heard this, it was always a shocker for me.. 180 Degrees different from his movies and his thoughts about society in general. I thought he wud be one of those kind who likes to live in a middle class flat around people! But he raced past people like Shankar (the more extravagent character) :)
    CommentQuote
  • Once a write off on Madurai Streets smoking green stuff and hallucinating.
    Now he is much reformed task master. Good for him.
    CommentQuote