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Buy or Not? 3200SqFt Plot for 3Cr at Annanagar, Chennai

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Buy or Not? 3200SqFt Plot for 3Cr at Annanagar, Chennai

Last updated: December 3 2009
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  • Buy or Not? 3200SqFt Plot for 3Cr at Annanagar, Chennai

    I am looking to buy land with an old house in Annanagar west (near thriumangalam) 3200 square feet (1.33 grounds) together with my friend here in the US. The price being quoted is 3 crores which comes to Rs 9325 per square feet.

    Will appreciate inputs from the community if this price is reasonable considering the downturn.

    Thanks
  • #2

    #2

    Re : Buy or Not? 3200SqFt Plot for 3Cr at Annanagar, Chennai

    Originally posted by vprasanvenk View Post
    I am looking to buy land with an old house in Annanagar west (near thriumangalam) 3200 square feet (1.33 grounds) together with my friend here in the US. The price being quoted is 3 crores which comes to Rs 9325 per square feet.

    Will appreciate inputs from the community if this price is reasonable considering the downturn.

    Thanks
    I have to say that is bit too much.

    Ideally, 1.7 - 2.2C.

    Thanks

    Comment

    • #3

      #3

      Re : Buy or Not? 3200SqFt Plot for 3Cr at Annanagar, Chennai

      matter of fact downturn hasnt very badly hit indian industries - india survived the wave and things have been looking up. the price correction has been only in the10-15% range on premium property - the actual heartening fact is that prices didnt move up anytime - and it may not for another 6 months

      Comment

      • #4

        #4

        Re : Buy or Not? 3200SqFt Plot for 3Cr at Annanagar, Chennai

        Originally posted by vprasanvenk View Post
        I am looking to buy land with an old house in Annanagar west (near thriumangalam) 3200 square feet (1.33 grounds) together with my friend here in the US. The price being quoted is 3 crores which comes to Rs 9325 per square feet.

        Will appreciate inputs from the community if this price is reasonable considering the downturn.

        Thanks
        The quoted price is very high for that area.
        Under 2 C is what you should pay.

        Comment

        • #5

          #5

          Re : Buy or Not? 3200SqFt Plot for 3Cr at Annanagar, Chennai

          Thanks for the input. Do you think it is high because of the current economic climate or it is high irrespective.

          The land is on a 30 ft road in Anna nagar west and has a frontage of 45 feet.

          Comment

          • #6

            #6

            Re : Buy or Not? 3200SqFt Plot for 3Cr at Annanagar, Chennai

            I am looking to sell 2 grounds in Annanagar east near yesyes super marker q block.. what is the price I can expect??..Prime land..only empty plot there with an old building..

            Comment

            • #7

              #7

              Re : Buy or Not? 3200SqFt Plot for 3Cr at Annanagar, Chennai

              Originally posted by vprasanvenk View Post
              I am looking to buy land with an old house in Annanagar west (near thriumangalam) 3200 square feet (1.33 grounds) together with my friend here in the US. The price being quoted is 3 crores which comes to Rs 9325 per square feet.

              Will appreciate inputs from the community if this price is reasonable considering the downturn.

              Thanks
              1.7C is nominal... don't even think for 3C...it's huge...

              Comment

              • #8

                #8

                Re : Buy or Not? 3200SqFt Plot for 3Cr at Annanagar, Chennai

                It is definitely very high for the area you are looking at..I have an aprtment on annanagar west 18th street..people are quoting Rs 4500 per sq ft..no solid buyers yet..8 year olf firm foundation construction..watch out

                Comment

                • #9

                  #9

                  Re : Buy or Not? 3200SqFt Plot for 3Cr at Annanagar, Chennai

                  Originally posted by jinga31 View Post
                  I am looking to sell 2 grounds in Annanagar east near yesyes super marker q block.. what is the price I can expect??..Prime land..only empty plot there with an old building..
                  Hi,

                  What is the price you are expecting? Is it residential land? When are you expecting to sell?

                  I am looking to buy or build a house by end of 2010.

                  Comment

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