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Old 27-08-09   #28
mginamdar is offline mginamdar
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Quote:
Originally Posted by realacres View Post
Time to do pest control.

Btw, I see no reason why prices in Baner-Balewadi can't go below or atleast till 2000. No one complaints if prices zoom from 900-4000 but 4000-2000 is ruled out that too when 54% of flats are unsold excluding those of investors.

Simple e.g.:-

Working for Lehman Bros was matter of pride 2 years ago. Where is that company now? Similarly, did anyone expect sub-prime crisis in US despite having regulatory authority & transparent RE deals than India. If US RE can fail despite having RE authority, why not unregulated Indian RE?

Satyam fell due to RE alone:- Maytas. Why can't then professional builders fail? Why do you all think builders in Pune started FD scheme at first place? In Bangalore, no one thought about 1850 prices that too from DLF in 2008. It has indeed happened. I see no reason why Pune can't see such prices.
Spot on...I just came across in paper Sahil Group starts FD cheme...have they completed any of their projects? They had huge cash crunch and 1 of their partners was also caught in fraud...
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