I did not like this one much.  Will change it to some thing refreshing tomorrow.

Thanks for your patience.

I HAVE NOT UPLOADED ALL THE PHOTOS USED IN THE POST. IT WILL TAKE SOME MORE TIME.

I THOUGHT I WOULD DO THIS WEEKEND BUT ENDED UP IN WORK FOR BOTH THE DAYS.

I KNOW I HAVE NOT BEING MUCH ACTIVE RECENTLY, BUT WILL COME BACK WITH MORE INFO’S, PHOTOS ON CHENNAI SHORTLY.

UNTILL THEN THANKS FOR VISITING AND KEEP VISITING.

Consider this, a KG of apple is Rs 100, Rice at 36 /kg, Milk a litre cost 23-24 , Oil almost touched 100 and now retreated to Rs 70. Basmati rice branded  are costing anywhere between 80-100. Earlier in 2006 i remember buying raw rice for 21, basmati for 40-45 , milk at 13 per liter, oil was around 60. Mini Coke or Pepsi cost Rs 9 and earlier i remember it was Rs 6.

Got to know bus travel has tremendously increased with average ticket around Rs 10-12 for deluxe bus travel. Well its the same slow travel but higher priced. A simple 1km ride in share auto cost Rs 10 which was earlier only 5.

I do attribute a lot of these high cost due to recent spending power of IT folks. While they could afford earlier now things have changed even for them but that did not reduce the price of daily essentials.  I was recently seeing a advt in TV for Religare pension plan which said Plan now and be prepared to buy bus ticket for Rs 500.

I think those days will come faster then we think. Sooner 1000 rupees will lose its value and people will draw 1 Lakh rupees from ATMs much like its happening in Zimbabwe.Money is flowing like Water and with rising population and cost, its any bodies guess Chennai is slowly becoming pricy along with other metro’s like Mumbai and Delhi.

I wonder how people are paying Rs 70 for a Dosa at Sarvana Bhavan, even though i am a big fan of its taste, i simply dont encourage its high pricing.

Market movement will largely tells about the state of economy and RE’s future.  I only see this,  More fall of prices, more interest rates down, more problems for IT industry.

So watch cautiously and wait for 4 months to observe the trend.