What kind of an independent house / plot can 1 expect in the same range (INR 30 lacs ) in a place like Rohini / Pitampura / Rajouri Garden (places which are connected by Metro ) ?

Any inputs would be appreciated .

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Fido.

Quote:

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Originally posted by desi_driller

FYI
I had narrowed my search to OMR Road in Chennai. 1 grand plots ( 2400 sq. ft) are available in aroiund 14 lacs with some good chance of apreciation as IT park are coming in that Area. If everything goeswell, I will be finalising the deal in December.

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Bombay's billion dollar slum

http://news.bbc.co.uk/2/hi/business/3487110.stm

Dharavi, in India's commercial capital Bombay (Mumbai), is Asia's largest slum.
Made up of ramshackle corrugated tin sheds it is home to more than 600,000 people.

But it is a unique shanty town.

Thanks to a thriving crafts industry, Dharavi generates business worth nearly $1bn a year.

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You know you are a desi when ........ You spew forth the virtues of India, but don't want to live there...............You've never had a tanning salon membership

Quote:

---

Originally posted by desi_driller

FYI
I had narrowed my search to OMR Road in Chennai. 1 grand plots ( 2400 sq. ft) are available in aroiund 14 lacs with some good chance of apreciation as IT park are coming in that Area. If everything goeswell, I will be finalising the deal in December.

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OMR: Old Mahabalipuram Road.

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Speech by Thomas Friedman of The New York Times....

"When we were young kids growing up in America, we were told to eat our
vegetables at dinner and not leave them. Mothers said, 'think of the
starving children in India and finish the dinner.' And now I tell my
children: 'Finish your maths homework. Think of the children in India
who would make you starve, if you don't.'"

Dear CD's,
I am reviving an old thread. This pertains to the rising real estate cost in cities of India. I am talking about Chennai only.

I made a few phone calls to my relatives at chennai and found out the following :

1. A flat bought 3 years back at Kodambakkam (near Best hospital- Near Vadapalani temple) has increased from Rs. 1600 a sq. ft to rs. 4000 a Sq. ft.

2. A Flat bought at mogappir 4 years back for 8.5 lakhs. is now Rs. 35 lakhs.

3. One of my relaive is suggesting Sriperumbudur as many IT companies are putting up their shop there.

My dad told me that many banks are ready to give me a loan if i can send in my employment letter and pay stubs from Canada. The loan rate is around 10.5%. I am thinking of drawing from a Line of Credit for a downpayment and then take a loan for the rest of the amount.
I am thinking of buying a 2 storey house in Chennai and then make my parents occupy the ground floor and rent out the upper floor. I am looking for an area that it cheap now but will rise by leaps and bounds in the near future.

Can any Chennai-knowing CD suggest.
Thanks
TK A

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I am a Gents and not a Ladies.

TK,
Prices have gone too quickly in Chennai . You may not get apreciation of more then 10- 15% per year. Look for some cheap property in Trichy or Kerala

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Driller the thriller