chanakya

]http://www.realestatechannel.com/international-markets/commercial-real-estate/real-estate-news-india-real-estate-market-chanda-kochhar-icici-bank-1928.php[/URL]

hey guys did u read this
if yes please pass your comments

meetapk

I do not agree to this article.
Prices had fallen last year during June -Aug as compared to what it was in 2008.
But if you check the prices currently,
all the builders in Mumbai have increased the prices back to what they were quoting and infact more than 2008. Moreover I know a couple of builders who have stopped making any bookings and will start the bookings only when the prices increase.
This is a game been played with the consumer. The media is writing articles that the prices have fallen down and it is right time to buy, but actually, the builders are increasing the prices every month and claiming that this is best price to buy.
What has your experience been?

wealthcreator

During the recession many builders have reduced rates and flat size and launched projects. I have observed that they have also changed carpet to build up ratio also in their favor. They have increased other charges like parking charges, club house charges. Now in last 6 months they have also increased rates.

Effective rates now you will pay is higher than boom time rates.

search4re

Govt needs to intervene against the irrational rises by these bull builders,,
common man should not be made to suffered because of handfull of builders..Comman man should wage a war against them & beat them hands down!! i will wait for real correction in RE

geeee

What does a builder gain by reducing carpet area ? (The buyer might loose but, what does the builder gain ?) He's still building on the same sized plot and the cost of construction isn't going down by reducing the carpet area then, what does the builder gain by doing so ?

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.

AJ2008oo

They sell you less area for same money

wealthcreator

At Ghodbunder Rd, Hiranandani Estate gives carpet 75 % percent of build up where as in same area ACME Ozone gives 66.3 % carpet. Rate of ACME is 4150PSF against Hiranandani's 5500 PSF.
Superficially ACME will look much cheaper than HIranandani but effective rate of ACME is 4700 PSF. Hence difference is of only 800 PSF this I think you can pay for brand and quality.

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

express

Rightfully said