Quote:
Originally Posted by real_pro
Average appreciation of property is at least 20% if you buy from a good builder. History has proven it. You can look at the statistics of any good construction and will always remain. Maybe, it is not constant in some years but averages out over the years.
|
Right, 
, so in 2000 - if the price of a Juhu apt was 1 crore - at 20% per year - is it 6 crores now, , I know it has doubled/tripled in some areas(see graph below) - but to grow at 20% each year -- the property needs to DOUBLE every 4 years ?
So, has a 40 lacs apt in Pune in 2007 become 80 lacs - no ways....
However, as you are saying there are periods - in which investors get lucky - 2003-2007 - where in you have had 20-30% per year appreciation -- however this would average out over the next 10 years -- to bring out the global average of 5-7% and ZERO percent (inflation adjusted).
The graphs for 2010 are availabe on NHB website I think.
PHP Code:
www.nhb.org.in/Residex/Data&Graphs.php