Quote:
Originally Posted by abk
to justify your claim you have to first prove that the price of 100 cr was arrived after analysing all possibilities, it does not appear so.apparently the agent meghraj would have inflated the price to get more commision
(greed) now he tells the court about guideline value which is 29 cr.
i remember me telling that the price was a 'hike' in another thread
when somebody claimed it was a crash (i will retrieve the thread).
it is the fixation of the base price and it was fixed again bcoz there was a litigation in the family and that is why someone has gone to court.
otherwise to fix a base price you dont have to go to court.
since there is a dispute in the family and apparently some one is not willing to sell and hence the high quote of 100crs.and someone among 58 in dire straits(may have lost in the bourses) who is willing to sell at any price.(distress sale).
all these are guesses as good as yours when you assume 100 cr to be fair price in the first place. it is a case of misquote or a disputed property.
may be a politician with lot of blackmoney wants to buy it at a good price but wants to reduce the white component and hence the litigation ....
s
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Dear ABK
Many assumptions in your post to keep the chennai RE price upwards. Good story.
But if a politician wants to intrude in BIG properties... all these should go for mean price.
If someone of the owners of Udhayam is unwilling to sell, this property cannot be sold. First of all, it will not come for Auction.
Regarding the base price... yes ofcourse it is base price only. When somebody purchase this for certain price, then it becomes market price for that area. Untill then we have to wait. It may go upwards... or may come downwards.
If someone among 53 partners is in distress mode, Others will not allow to sell it that cheap. So, this is not distress sale. Because there is no taker... and as this is the buyers market now... they dont have any other way out other than selling for price like this.
Mr. ABK ... You know one thing, DLF the great name in RE world, is planning to sell its windmills to generate more money in a bid to complete its projects.
thanks
chataara