Alliance Orchid Springs -1 BHK 17 Lakhs- Anna Nagar Extn
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16 comments to Alliance Orchid Springs -1 BHK 17 Lakhs- Anna Nagar ExtnLeave a Reply |
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It would be good if they have the completion date too. Also, I don’t understand this first 150 bookings. Why not have it consisent for everyone.
i think its not really worth in that area , only time can tell
this advertisement property with out approval from the competant authority becareeful before invest one lakhs already in problem in this project dont invest with out seeing ythe approval drawing
any thoughts on this? Have anyone approached this builder? how to ensure this plan is approved?
Well what Kuttu says is correct, and when are they getting the approvals and when is the project approval. How can a builder give 45% discount? Guess it must be a marketing stratergy of over pricing and then giving a huge dicount, seems like they needs fund very badly!!
Project is without approval. Completion date is sometime in Jan 2012. 19 blocks of 19 floor buildings with first four floors in each for car parking.
There is a shocking and surprising news for everyone.In Noida buy 1 get 1 Flat (28lakhs-780sq feet)
Buy a Duplex for 65 lakhs ans get mercedez BENZ free (offer for everyone).so wait for 3more months to get these offers in chennai.
Good luck guys.
To clarify search in google.
chennai real estate hasn’t corrected much yet.. there is still lot of room for correction(especially when compared with other metros) and between demand and supply. with satyam issue even people with money will be reluctant to put into real estate.. in 3-4 months i am expecting 10-15% drop from current levels..
“Buy a Duplex for 65 lakhs ans get mercedez BENZ free” ; This is later found to be true for only the first few deals; And this advt generates sufficient mindspace among potential buyers; It is also true that correction is very mild in Chennai. Bangalore has had the biggest crash, Mumbai and Chennai are relatively unscathed. But some corrections are being seen only in new projects and only projects in outskirts… A much more fall can only benefit for people like us.
Why cant government form societies and allot houses after people go though a waiting phase. I have seen it in Noida for residents. If they can demonstrate quality at reasonable price, it can force a lot of smaller players to sport realistic sticker prices!!
And I feel one need not panic and jump in…. IT companies have started giving hints of pay cuts and layoffs if required. And if one more quarter and if we see US economy does not tuen around, there could be a ripple effect in Chennai real-estate market.. I wish I see a genuine 20% more reduction.
Look at quarterly numbers from real-estate groups. They are stuck by project financing. They are still making profits… albeit a reduction when it is compared to last year;’s same quarter… they will resort to more cuts for sure in 2-3 months
Tough times comes for everyone when economy faces a turmoil..inculuding greedy realtors..although people dont want them to suffer…what they want is a “realistic” price for the properties..
As correctly said, its NOT a time to jump in as economy is gng to weaken further..i ve been to UK recently & could see the very impact of economic crisis in terms of shop closeouts & unforeseen job cuts..When job itself is under threat..who will look out in investing fancy projects..Reality is our ppls affordability limit is much lower than the prices seen around..as everything, things will correct OR will be corrected..better to stay away for 2009 as it may go unpredictable in terms of everything including our breadwinnning job!
Yes Mohan, i too have the same feeling, chennai is a long way to correct itself
Is anyone on this forum an expert in Real Estate? I still don’t understand why people keep forcing their opinion on others when they themselves have half knowledge.
Indian Real Estate Market is driven by Domestic Consumption. Real Estate is not like stock market that one keeps expecting a fall all the time. Ofcourse there is price correction in markets where the prices where hyped up like Bangalore. Chennai has not been an hot market at all. Only those who have hiked up prices exhorbitantly will cut down like the recent DLF price cut.
Ofcourse, one should use common sense when they are comparing various projects. A project coming up some 25 kms from Madyakailash and a project comming up in the city, the prices are just incomparable.
Lets also understand, Indian Real Estate Market is going through a correction mode and it would be foolish to keep posting ones limited knowledge on common blogs like this. If in doubt, one needs to go to the company and ask them all the relevant questions, instead of relying on these blogs.
Does anyone understand the consequences of these comments, which are baseless and there are no facts to support? If the Indian Real Estate Industry collapses then there are 200+ ancillary industries that will die and imagine the kind of job losses and a slump the country might get into. Before trying to influence people on public forums please thing twice if you are doing the right thing. If you don’t have any proof to substantiate your comments. Then please stay away from making expert comments/opinions.
Pooja its the same common blog that you are coming to get a feel on whats the current trend. I don’t agree with you. chennai market is much hyped up and correction thats happening is still atleast a yr away to stabilize. even in city flats are going for 1C + do you think a manager of non it company can afford it. Real estate is like commodity trading
see what happened to oil price when demand was hyped up it touched 147 a barel and at that time no one believed it will come down . with less demand now its about 40$ a barel. similarly when demand is very high real estate prices where going above roof and speculators playing it now since it has started cooling no speculators are around in the real estate market. the current buyers are just who want to enjoy their living in their own home. they will buy only if its affordable for them. its basically a supply and demand scenario if speculators are out of the market then demand will be very less.
Some places in chennai are much more expensive than in US metros and at it cannot withstand at that price for long.its all supply ,demand and affordability.
Roughly 1 crore appartment monthly payment will be 1 lakh+ and only people who wants to stay and enjoy their own home are in the market. all speculators are out now. so definitely a correction is in the making. take the case of US house market its correcting at 20% per year but thats a worst case scenario.Its like anyother commodity based on supply demand necessity it will Vary.this down turn is good for geninun buyers. Speculators and gready real estate companies will be out as the cyclic correction happens. this is to educate the uneducated buyers whom companies where taking for a ride till now.. take the case of DLF people paid close to 95% still construction hasn’t started, also the builders agreement are all one sided. if you make a delayed payment by couple of days they charge 18% interest whereas they are delaying for yrs their completion . can you tell the projects that started after 2004 completed within the promised time. i even see some facilities missing when you compare the brochures and final delivery. this will make builders to adhere to some basic ethical values
Any update on this project??
Any new updates on Orchid springs ? Paid in full and now scratching my back
Every time i call they say, ma’m we will send update mail next week but no mails so far. They keep on saying it will approved in next 45 days. its been 4 years .
Last time i checked , in dec 2009, the marketing manager said the CMDA guys are ALL gone for vacation and wont come. It will be in jan end, february