Have you heard of the project Iris in Medavakkam. I’ve seen your blogs about SIS Danube, this one is right next to it. Saw the layout and liked it, but i got nowhere to go get some quality info about the builder, project, etc etc.. can you write about them here so more ppl come fwd and share their views… here’s the site http://www.balchandrabuilders.com/htm/project_iris.htm

I totally agree with your post. Things are so volatile in world market especially in US & India started experiencing the impact since we are exposed to global market never like before. Recent Sathyam fiasco adds fuel to existing IT sector issues.

With respect to real estate prices, I was able to collect some information by talking to potential buyers and few known small builders/brokers. So far, Chennai has not experienced the same level of decline in prices as other major cities like Bangalore & Pune.

Construction raw materials price has come down considerably in recent months.
People are predicting major decline with in another 6 months because of various concrete reasons like less demand, huge supply of unoccupied existing apts, credit crunch and Layoffs.

Better wait and watch.