Quote:
Originally Posted by boldm28
when i first started in 2007 end -- i had shortlisted blue group of building( atul builders) .. they were charging a rate of 5300 per sqft for 850 super build up
ready position did not like their construction as ready flats had all salt coming out of the walls .so i let it go .. that time i could have bought that flat for 40 lacs .. now the same area is charging a premium of 8000 to 8500 per sqfeet .. wake up and smell the coffee .
other egs
rustomjee elenza -- 2008 --6500 2009--9750
kalpataru --2008 --6000 2009 8000
so on so forth
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Bold,
Agreed.
Unless you have a compelling reason and enough cash, it might be a better idea to rent and put your budget to better use building up your cash position for a more opportune day.
Currently, builders are putting up a brave face as well as their prices in the hope of breaking the buyer's resolve. But their debts are very high, interest rates are likely to rise putting pressure on both, their own loans as well as demand for high-priced homes. Sometime they have to break.
Besides, another big crisis in the EU and US will once again put demand in the ditch (due to sentiment diving) and put even more pressure on the builders to get sales going! Sometime in the next 4-6 months is my expectation (might even be sooner).
There is a lot of truth in the popular adage, "a fool and his money are soon parted" (not that I'm calling you one). Be wise if you can. And patient too!
Good luck.
cheers