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Realty Prices Come Crashing Down

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Realty Prices Come Crashing Down

Last updated: March 17 2009
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  • Realty Prices Come Crashing Down

    ]http://economictimes.indiatimes.com/Personal-Finance/Realty-prices-come-crashing-down/articleshow/4259821.cms[/URL]

    Looks like we are almost there...Chennai seems to be the odd ball though. Defies common sense and logic but for how long?

    higher you go harder you fall
  • #2

    #2

    Re : Realty Prices Come Crashing Down

    Originally posted by surla View Post
    ]http://economictimes.indiatimes.com/Personal-Finance/Realty-prices-come-crashing-down/articleshow/4259821.cms[/URL]

    Looks like we are almost there...Chennai seems to be the odd ball though. Defies common sense and logic but for how long?

    higher you go harder you fall
    The reason is simple. As I discussed in another article prices of land in Chennai have not gone up anywhere close to what similar land in say Bangalore have gone upto and in Bombay and Mumbai they are at atrocious prices. So where is a fall possible. The prices in Chennai have not gone up sufficiently for so many years that they also dont fall much.
    So there is no surprise element in this.

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    • #3

      #3

      Re : Realty Prices Come Crashing Down

      Originally posted by surla View Post
      higher you go harder you fall
      Yes, since the prices of RE in chennai went mad some 2 years ago, now it is falling

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