AmitMM

there is an unusual euphoria about the new projects now. akin to the IPO mania at the peak of bull run in stock market.
while this is not entirely baseless and the fundamentals/potential is there in long term in short term it has definately affecting the base pricing of projects.
while we are debating the fair price to be 27-2800 the builder/investor lobby has quitely pushed it up.
I expect now no project to come in below 3200. ( the prelaunch price may be 3000 for very limited supply).
while this is unfortunate for the user, we will have to accept it and adjust our mindset/investment viewpoint accordingly.
having said so i so hope to be proved wrong and see godrej/bestech at 2800 levels

MANOJa

I agree to what u r saying, but for a short term investor ,would it be wise to invest at the inflated rates ?

AmitMM

if the time horizon is 18 months then i would still say one can get into these prices. i say this because
1. most of the good builders have already lined up their projects.
2. the area is developing there is no doubt about it only issue of pace of development
3.if you see the pre crash prices 2008 the couple of projects which were launched then like uppal(2650, approching delivery in 8 months), frontier 2800( now defunct) express greens( ithink 2350). from ther in 2 years the prices have not really moved up. the cheapest launch were 2350 or so a year back.

yes there can be issues of stagnating prices over next 6 months but as i always say you can always stay away from RE but you can never rightly time your entry.

MANOJa

The price of Godrej is almost confirmed as 3400 psf less 100 (inaugural discount). I do not think this to be a good price, for investment.

Senior members/All members, please give yr. views.

amit2222

Manoja: If I may ask you who has confirmed a price of 3400psf to you. Godrej project is slated for end-September, I don't think company people would have disclosed this price. Wotsay?

MANOJa

A very senior, respected broker has confirmed the same. I know, we cannot take the word of most brokers.

The idea of quoting the price of Godrej in the forum is to initiate a discussion on the threshold & maximum buying price of Godrej.

I did contact Godrej yesterday. As per them, no price has been fixed & the price should be out within a fortnight.

amit2222

Then it would have been wise on your part not to quote a speculative price to check the maximum leverage of buyers. I am sure Godrej would left something on table for the buyers and would please the end users with a quality features at an affordable cost.

MANOJa

I think u do not still get , what i am trying to say.

I want to initiate a discussion on what should be the right price for investors to get in?

No investor/end user would decide on the prices quoted by me or anybody & would decide only when he hears the same from the horse's mouth. I am not here to check the maximum leverage of buyers for Godrej or anybody else

If everybody still feels , that i am wrong in discussing prices being quoted, i would refrain from doing so, in future.

Thanks

TAggarwal

At this price coupled with bigger sizes in that location , They will find very hard to sell .....

MANOJa

Thank god. We r back on the right track.