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Real Estate Forum on Chennai Real Estate Investment

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Q: Hi can anyone discussed what exactly the guidance value works and how it is use full residential real estate market?
Latest Answer: One of the Indian metro city Bangalore just of late saw a surge in direction esteem on property by as much as 100% in certain territories. Prior to the usage of the same, property buyers hurried to get their property enlisted as after that they would need to shell out essentially higher sums as stamp obligation and enlistment expenses.
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Q: Hi I want to know about what are the current development going on @ ECR road?
Latest Answer: It seems that home buyers and investors are showing keen interest in this locality. What is the reason?
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Q: Where does premium properties in Chennai concentrated?
Latest Answer: Hi Mr Naidu, In my opinion, those consumers who are able to pay such an quantity like these central localities as they're near city center, coupled to all or any vital areas of town and have all basic facilities like colleges, hospitals, banks, ATMs etc. Whereas earlier consumers were hesitant to appear for property here as a result of most of the homes and flats were previous, the re-development wave has modified the situation utterly.
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Latest Answer: Hi Charan , As per my own experience, another South Chennais locality, Velachery witnessed a six per cent rise in property prices during the Oct-Dec 2014 quarter. This means a 2BHK apartment priced about Rs 38 lakh during the Jul-Sep 2014 quarter is now being sold for Rs 40 lakh approximately. Even in Jul-Sep 2014 quarter, a three per cent capital appreciation was witnessed here.
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Latest Answer: The construction industry has reacted strongly to the cement price hike, with CREDAI and ACCE saying it will result only in project delays and escalation in prices.
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Q: Tambaram west is still riding high in the real estate market with respect to demand , supply & capital values in the area .
Latest Answer: Hi Guys, According to me, Tambaram West features several shopping centers, retail stores and day to day convenience stores. Several banks are also present such as Axis, ICICI, SBI, Indian Bank and Indian Overseas Bank. The Vandaloor-Nemilichery Outer Ring Road connects the locality with different districts such as Madhana Puram, Lakshmi Nagar, Old Perungalathur, Krishna Nagar, Mudichur and Bharathi Nagar. Tambaram railway station is at a distance of 3.5 km from Tambaram West and 10-11 km from Chennai Airport via the Velachery–Tambaram High Road.
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Latest Answer: Hi Mr Javed, According to me, if someone buys a new flat for Rs 1 crore and assuming the cost of UDS is Rs 40 lakh, the construction cost would be approximately Rs 60 lakh (which would exclude taxes such as service tax, VAT). Earlier, a buyer was paying Rs 3.20 lakh (8% of UDS i.e Rs 40 lakh). The buyer needs to shell out an additional Rs 1.20 lakh (2% of construction cost ie Rs 60 lakh), resulting in a total of Rs 4.40 lakh.
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Also see discussions for
Q: What are the reasons behind the hike in luxury project buyers in Chennai? Why now?
Latest Answer: Hi Priya, The three key growth drivers of IT / ITes, automobile manufacturing and education sector are instrumental in driving job creation in Chennai. These are the major reasons behind growing cosmopolitan culture in Chennai. With this the premium luxury segment has kicked off and Chennai has overcome the traditional tag.
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Latest Answer: Hi, these is very much true that most of the investor are looking for plot rather than apartment these day. as increasing number of issue in purchasing unit like delay in project, bad quality of work, communication gap with builder will create increasing tends in plot buyer.
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