goodboy1258

Hello all,

I am new to this forum. Its a really great effort by everybody to share advices regarding realty sector. Thanks everyone. I am planning to buy a property in New Prahaladnagar, Ahmedabad and the name of the property is "Palm Green". The developer is Poddar Group and here is the link to that property --

http://www.ahmedabadhousing.com/prah...lm_greens_.php.

I am booking a 3BHK flat which is 1557sq. ft. at 2400/sq. ft. rate. Is this rate fair enough considering the area ? Also, any advice regarding the location and how developed it will be in next 1-2 yrs. is highly appreciated. I would be thankful if any of you can provide any information regarding the reputation of the builder.

Guys, please reply back as I have to give an initial amount in last week of Jan'10.

Thank you very much,
HD

goodboy1258

People, please reply back as I have to give some amount in late January.

thanks.

502513027

Yes, it is a good property. i also booked a flat in palm green. After 2 years u will get good return.

prasadrajk2000

yes my go-ahead with palm green but make ensure regarding all documentation and rate in white should be bought on paper without any compromise,

the property and builder is o.k and according to me will get at the least 20% to 30% in one yrs and rate is still negotiable up to 2375/sq.ft.

GO-AHEAD MY FRIENDS

R.K.PRASAD.

pmpvip

i think area is good, i see problem with prices if you are doing this for investment purpose . you might have to wait several years before making money at cuurent inflated prices. if i was looking for investment i will not do at current prices. i have seen same area before you need to be patient for some time

aditi sharma

The rates are too high right now. Its out of affordability of common man.
Check this article..

http://www.accommodationtimes.com/re...ity-in-realty/

Dhaval

Hi,
Property price is increasing like anything.
Builder is not ready to negotiate.
We poor people coming from outside has only 3 options
1) Buy property directly from builder
2) Buy resale property
3) Rental option

But all the above options are too costly for us.(looking from all prospective)

Builder say lot of cost is involved in doing marketing / campaining for the project and land bought from the owner is also too costly. If that is the case and if it is true, than what builder can also do. (he too wants to earn)

Resale flat owner compares their property with rates quoted by builder and they too don't want to compromise. (again he too wants to earn and take benefit of the market demand. If I was in his position, I would also demanding like this )

Same apply in case of rental property.

I am just thinking what we poor guys should do.

I have few suggestion:

Either make a group and approach directly to builder (hope he gives group discount as his marketing cost is reduced or is nil in this case) or pay high amount to any one of above or just go back to our native.

What you all guys wanna to say about this?

Any thoughts? Ideas?

hitmady

Currently in hyper-inflation, renting (mostly at 1/3 EMI) is wise & obvious option.
You need to have proper lease-agreement (1, 2 or 3 years).

hitmady

Totally agree with Aditi.
Great link.

dhoom

agree with adiiti, I am looking to buy my first house and everything is so expensive.

I will rent for a couple more years.

aaram thi ghar laishu, shoo jaldi chhe!!!