Quote:
Originally Posted by ks2071746
Dear friend,
As told, it is not happening to the extent what the buyer expects to happen in the correction in prices for flats within city limits. Let us hope it will happen soon.
ks2071746
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Dear KS
As far as Udhayam property is concerned, they auctioners have brought down the base price from Rs.100 cr to Rs.29 Cr.
Dont you see any fall in this matter. Our BIG BULL had already written once that for prime properties there are great buyers like Rahul dravid, Sachin tendulkar who would never see any slowdown in their revenue.
Why such bigwigs did not come forward to bid?
Simple reason is, If big amount is dumped in real estate it cannot be realised within another 5 years. More over there will not be any appreciation in the coming years. Its just dead investment.
Thanks
chataara