Chennai real estate

I am recording my views on Chennai real estate. I dont claim myself an expert and an avid follower of the trend.

Chennai has become a lovely hub of industrialisation over past 15-22 years... be it automobile, IT, manufacturing or one can consider even colleges as business houses :)

Due to the strong availability of educated, graduated youth lot of companies started setting up shop in chennai. Disadvantage - Sweat Climate, yellowish water. Barring that Chennai, had everything going in its way.

Thankfully, those got ignored post 2003 and Chennai zoomed and was leading contributor in job creation over last decade.

Chennai is very wide - OMR, Kelambakkam on one side... maraimalai nagar on other side... till Sriperumpudhur, Ranipet on third side.... Fourth side lead to Andhra pradesh !

Where to buy is the mute question ?

OMR, Maraimalai Nagar and Sriperumpudur looks good for investment opportunity. Why ? Employed people are out in full strength in those localities ! Strictly for Flats with rental income opportunity !

But my bet for next 10-18 years is on Coimbatore ! Fine city, nicely connected, decent climate and easy water and where the India's F3 car made with Maruti 800 CC Engline ! It is a place to spend after your active life / retirement than Chennai.

I predict a respectable job creation in Coimbatore. Be there to grab the opportunity and start eyeing the lands !

Pune's super growth

Pune has grown exponentially over last 3 years and continues its upward growth as it has become one of the attractive, lucrative investment opportunities for various companies.

Pune was auto hub earlier and now has attracted IT / Software in big way after marking Hinjewadi as IT Hub. Infosys, Wipro, IBM, Tech mahindra and Cognizant has huge investments.

I lived in Pimple Saudagar locality for some time. The prices per sq.ft of a flat was quoting at 3200-3400 levels in early 2010 which was quite higher than mid 2008 to early 2009 levels of 2300 - 2600. The current price per sq.ft is quoted bwn 4200-4400 levels in and around Pimple, Wakad and Dange Chowk shows the continuous demand.

What is behind the exhorbitant growth of investments ?

In my understanding, Telengana issue and its continued uncertainty has dented the attractiveness of Hyderabad. Why Pune.... ? B'coz., most of the companies had excellent offices set up at Chennai and Bangalore. They were looking to attract talent with a accomodative investment cost in mind.

Bangalore's 60min drive 6km drive inside city has made sure it lost out of new job creation battle against Delhi and Chennai over last 3 years.

Pune's real estate players took the challenge cheerfully and in the process of creating huge resedential complexes whereas the same could not be said about Government infrastructure in terms of Road, Power and Public transport.

But as of now., Pune is the winner...

timepass

Some time pass re-work on Ayyayyo tune of aadukalam:

on apprisal

ayyoyyo apprisal vandhachudi
enna rating-o puriyaladi
en boss angle kozhapputhadi
enna koduppano theriyaladi
score card paatha andha nimisham
adangi ponen asayave ille
thinna sorum serikkave ille
polambuven naane

mokkai hike-o neraya hike-o
oru clue-um kedaikkaliye
pudusa car loan poda
manasu thudikkirathey

ayyoyyo apprisal vandhachudi
enna rating-o puriyaladi
en boss angle puriyaladi
enna koduppano theriyaladi

=====================================
on stomach pain

ayyayyo vayathe kalakkuthadi
enna saapteno puriyaladi
vayathukulle grinder oduthadi
kada muda -nnu sound varaguthadi
samosa saapte andha nimisham
kalangi pochu adangave ille
thinna sorum serikkave ille
polambuven naane

engine oil potta samosa
en udambai ruin panniche
naan vaandhi edukkira satham
oor poora kekkirathey

ayyayyo vayathe kalakkuthadi
enna saapteno puriyaladi
vayathukulle grinder oduthadi
kada muda -nnu sound varaguthadi

Well Done Egypt

Well Done Egypt.

18 days of organised protests.... peaceful demonstrations... Gandhian principles re-instated...

What a Feel good factor generated by the oldest civilised population - by shunning out the mindless Jihadi concept !!!

Hope USA has learned some lesson... they bombarded Afghan and Iraq with non-existent WMD story.... hope they would have taken some cues.... by seeing how a country is made !!!

Egyptians enviable task ahead :

a. Transition to democratic, elected government
b. Political, Judicial and electoral reforms
c. Multi party system with credible leadership
d. Ensuring Job growth by industrialisation and tourism
e. Transparent power transfer thru election process by September

All the best. We love you Egypt. We are with you.

Sensex outlook Feb 2011

Nifty is trading around 5465 levels as I write this post. Nifty has come down significantly in January and touched a low of 5400-5410 levels.

Outlook for Feb:

Don't think it will fall significantly from here. Tepid or narrow movement trading to follow until budget. 5250 to 5750 could be the range until Budget.

If the budget is bad or cant be presented due to 2G JPC issue., Nifty might crack to 5050-5125 levels and Sensex could hit 16500-650 levels.

Avoid trading and go for delivery based buying in dips in Nifty stocks.