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|Jul 03, 2010 12:25 pm||kancheepuram||#|
Can you let me know how is the market in Kancheepuram is it wise to invest in kanchipuram now and also the future developments happening in kanchipuram.
Private Reply to srinivas murthy
|Jul 04, 2010 4:21 am||re: kancheepuram||#|
| It depends how young or how old we are. Kancheepuram is going to be the next Madras city. We bought a 5 grounds old banglow in 1960 for a lakh and 32 thou, and it is worth 25 crores today. Going by gold standard that has gone up 150 times the value is less than double. By the theory money getting interest doubling every 5 years in bank; it would be 7 crores. There are other factors that make land value go up. |
The fact that Kancheepuram is closer to Chennai helps. Investment there is a good idea.
Private Reply to charu hasan
|Jul 04, 2010 6:02 am||re: re: kancheepuram||#|
|generally the best investment is in land on river banks . . . if the river flows all year round then better still . . . . . and if on an estuary or a delta then uttam! . . . those who settled on the banks of the Amazon, Nile, Ganges, Mississipi, Hwang Ho, etc know it well . . . |
sometimes floods damage and cyclones too . . . over time the civilizations on river banks endure and survive longest and prosper best . . .
Private Reply to SOEB FATEHI
|Jul 04, 2010 11:03 am||re: re: re: kancheepuram||#|
|Investing in kancheepuram is a good idea.Charu anna has explained it already for you.|
Private Reply to padmanabhan ramasubban