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Inevidant crash in Chennai realestate value due to flood reg

 
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djagan1949



Joined: 07 Jan 2009
Posts: 313

PostPosted: Fri Dec 04, 2015 9:25 am    Post subject: Inevidant crash in Chennai realestate value due to flood reg Reply with quote

Dear Members,

Due to fury of nature entire Chennai city had been flooded for weeks and all those living had a miserable life leading to threat for security of their belongings and life. After coming to normalcy the rea lestate prices are going to crash down in many low lying areas and already mortgaguged securities there with the bank may not cover the risk exposed by bank. Valuers may be roped in for revaluation of assets and corrective valuation have to be done and this is going to be a delicate and sensitive assignment for valuers feternity in Chennai.

Bank should have a professional approach towards this problem and give a free hand to valuers.

Warm regards

Vr. D. Jagannathan

 

 

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suchdevs



Joined: 30 Aug 2008
Posts: 348

PostPosted: Tue Dec 08, 2015 11:12 am    Post subject: Reply with quote

Excellent and appropriate observation Jaganji... this will be repeated time and again, as always in the past. The banks MAY even become a little cautious, heeding the remarks of the valuer for some time, sometimes even forcing them to comment specifically on local conditions (in this case possibility of water logging etc), but then again things will get back to normalcy, till another calamity strikes again.


Punarapi jananam punarapi maranam
Punarapi jananijaTarae shayanam
Iha samsaarae bahudhusthaarae
Krupayaaparae paahi murarae

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CHARTERED VALUERS



Joined: 13 Nov 2015
Posts: 2

PostPosted: Tue Jan 19, 2016 1:20 pm    Post subject: Reply with quote

suchdevs wrote:

Excellent and appropriate observation Jaganji... this will be repeated time and again, as always in the past. The banks MAY even become a little cautious, heeding the remarks of the valuer for some time, sometimes even forcing them to comment specifically on local conditions (in this case possibility of water logging etc), but then again things will get back to normalcy, till another calamity strikes again.


Punarapi jananam punarapi maranam
Punarapi jananijaTarae shayanam
Iha samsaarae bahudhusthaarae
Krupayaaparae paahi murarae

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djagan1949



Joined: 07 Jan 2009
Posts: 313

PostPosted: Wed Feb 03, 2016 3:14 pm    Post subject: Chennai real estate values post floods Reply with quote

Dear Chennai Valuers,

What is the present real estate trend in different parts of Chennai after floods. Can anyone enlighten us?

Regards

Vr. D. Jagannathan

 

 

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