Bubble Bursts for India's Once-Booming Real Estate Market - Page 2 - Indian Real Estate Forum

seekay · 06-02-10

Quote:

Originally Posted by boldm28

Boss aam junta is always keeping their pants down so who would want to miss that chance . more than half the people who have come to this forum talk about investment properties and then in the same breath talk about how prices have skyrocketted . arent all those people taking away from those who really need a place of their own

Noone takes anything away from anyone. I'm generalizing, but the 'people' you talk of come to share their views that prices are way to high (because it is so) but do decide to shell out the money as they feel they have no other choice. The hundreds of people who never frequent any online forums but have a ton of black money are responsible to some extent for sure, easy availability of loans is another. And what any person "really needs" is a roof over their heads - renting is a perfectly acceptable and much cheaper option. Just my 2 paise worth.

veeemkay · 06-02-10

Quote:

Originally Posted by boldm28

Boss aam junta is always keeping their pants down so who would want to miss that chance . more than half the people who have come to this forum talk about investment properties and then in the same breath talk about how prices have skyrocketted . arent all those people taking away from those who really need a place of their own

Absolutel true.. investments and speculation should not b done in RE, Foo grains and basic necessities

VK

seekay · 06-02-10

Quote:

Originally Posted by boldm28

Boss aam junta is always keeping their pants down so who would want to miss that chance . more than half the people who have come to this forum talk about investment properties and then in the same breath talk about how prices have skyrocketted . arent all those people taking away from those who really need a place of their own

Noone takes anything away from anyone. I'm generalizing, but the 'people' you talk of come to share their views that prices are way to high (because it is so) but do decide to shell out the money as they feel they have no other choice. The hundreds of people who never frequent any online forums but have a ton of black money are responsible to some extent for sure, easy availability of loans is another. And what any person "really needs" is a roof over their heads - renting is a perfectly acceptable and much cheaper option. Just my 2 paise worth.

geeee · 06-02-10

Quote:

Originally Posted by Venkytalks

During recession, builder will sell 1200 sf flat with 950 sf carpet area (at say 5000 psf) Price 60L. In boom, he will change the plan slightly, call the same flat as 1500sf flat and sell for 6000 psf (Price=90L)

Both will get almost the same flat, maybe 1000sf carpet area for second scenario. Builder will pocket another 30L for nothing extra.

I have personally seen this happen with Ramprastha Atrium/View and Tulip Orange/White (in Gurgaon NCR).

Caveat Emptor.

Can the builder actually do what you are saying ? Atleast in Bombay the the builder gets a fixed FSI so no matter how much carpet area he keeps in each flat the overall developable remains the same for him. So, if a builder gives a flat with low carpet area compared to Built Up, it could be a case poor design but, financially I don't see the benefit since all flat are sold on Built Up area and the total built up area for the project is fixed. So, by tinkering with the Carpet Area the builder doesn't make any more money.

In a project whether a builder sells 1 lakh sq ft built area with 70k carpet or 1 lakh sq ft built area with 60k carpet he is still going to charge based on the 1 lakh sq feet and the number (1 lakh sq feet) depends on the FSI he has for the project.

boldm28 · 07-02-10

Quote:

Originally Posted by Venkytalks

During recession, builder will sell 1200 sf flat with 950 sf carpet area (at say 5000 psf) Price 60L. In boom, he will change the plan slightly, call the same flat as 1500sf flat and sell for 6000 psf (Price=90L)

Both will get almost the same flat, maybe 1000sf carpet area for second scenario. Builder will pocket another 30L for nothing extra.

I have personally seen this happen with Ramprastha Atrium/View and Tulip Orange/White (in Gurgaon NCR).

Caveat Emptor.

can you please explain how he will do that as i want to keep all the builder tricks in mind when i want to buy a flat which now looks like a distant dream

boldm28 · 09-02-10

Quote:

Originally Posted by seekay

Noone takes anything away from anyone. I'm generalizing, but the 'people' you talk of come to share their views that prices are way to high (because it is so) but do decide to shell out the money as they feel they have no other choice. The hundreds of people who never frequent any online forums but have a ton of black money are responsible to some extent for sure, easy availability of loans is another. And what any person "really needs" is a roof over their heads - renting is a perfectly acceptable and much cheaper option. Just my 2 paise worth.

you have to understand a lot of things go when you buy a apartment/flat
1) bachelors ( guys) first question asked during marriage .. does he have a flat of his own
2) I grew up in a 1 bedroom apartment .. now suddenly i want more for myself
3) almost all of us are opportunistic .. hey i wont let go if i get a good deal and cant blame builder or the RE agent of being the same

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