Is the real estate prices going to come down post commonwealth - Indian Real Estate Forum

abhi_jj123 · 05-09-09

I recently read few articles while surfing that there is high probability that RE market in NCR will come down in the final leg to commonwealth and thereafter post the event as the existing supply buildup is anyways very huge. on a rough calculation, minimum 60 odd projects in each of satellite towns is under construction or due completion in next 6 months. Plus another big number wherein amount has been sourced by the developer and now he has start the project....In light of this, what's the take whether ppl like me based out of another city in India and basically from norther region with not much of over and above disposable income should go for the kill and buy/book now or continue to be born spectator...

singh15king · 27-12-09

Quote:

Originally Posted by abhi_jj123

I recently read few articles while surfing that there is high probability that RE market in NCR will come down in the final leg to commonwealth and thereafter post the event as the existing supply buildup is anyways very huge. on a rough calculation, minimum 60 odd projects in each of satellite towns is under construction or due completion in next 6 months. Plus another big number wherein amount has been sourced by the developer and now he has start the project....In light of this, what's the take whether ppl like me based out of another city in India and basically from norther region with not much of over and above disposable income should go for the kill and buy/book now or continue to be born spectator...

We know for sure the prices are very high. But I have been waiting for 2-3 years to buy something in NCR but it seems real estate developers have big lobby and with the help of media want to take all the money from customers .
I am very skeptical about new projects. And the amount of money builders are asking, they are not even delivering any quality as per the money. It seems sky is the limit for them to increase the prices as long as people like us are getting trapped.
Metro and commonwealth are weapons of speculation.
I personally don't want to dive into it right now, but I am not clear either what is going to happen next so there is a fear too that I will never be able to afford any good place in NCR.

parulbhatnagar · 29-12-09

Any comments from senior members on this topic

anirudhbhatnagar83 · 11-03-10

Even I have been noticing the real estate prices, whatever happens they dont fall drasticaly if you are a buyer.
Whenever you plan to buy a porperty it will be at higher price.
the amount of growth in population and incresae in demand is the key factor which these builders have in mind.
We always feel when the time will be right to invest? also every new project which comes offers a better deal than the previous one. It surely is confusing.
I beleive two factors can help you decide :
1. Play safe like you have a good margin of paying EMIs (if you are taking loan) or you have enough savings, and even if the possession is delayed by 1 year you have a backup.
But as we know more the risk more the gain, So financialy make a call. Dont gamble your hard earned money.
When you have money invest it, but dont wait too much else price might rise very high
2.Very important point is check the builder quality,commitment, history and reputation. Do the research on builder dont fall in for huge hordings.

But all and all it is a speculation!

05-09-09	#1
abhi_jj123 New Member Join Date: Jun 2009 Posts: 5 My Mood: Thanks: 0 Thanked 0 Times in 0 Posts Rep Power: 0	Is the real estate prices going to come down post commonwealth I recently read few articles while surfing that there is high probability that RE market in NCR will come down in the final leg to commonwealth and thereafter post the event as the existing supply buildup is anyways very huge. on a rough calculation, minimum 60 odd projects in each of satellite towns is under construction or due completion in next 6 months. Plus another big number wherein amount has been sourced by the developer and now he has start the project....In light of this, what's the take whether ppl like me based out of another city in India and basically from norther region with not much of over and above disposable income should go for the kill and buy/book now or continue to be born spectator...

Thread Tools	Search this Thread
Show Printable Version Email this Page	Search this Thread: Advanced Search

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Real estate-prices to fall by 40%	psvjaya	Chennai	181	21-02-09 10:45 PM
Chennai real estate prices down 15%	hema	Chennai	38	22-12-08 01:07 PM
Will real estate prices crash?	bikash	General Real Estate Discussion	18	04-12-08 08:44 PM
Why real estate prices are skyrocketing in W.B	Aadesh	Kolkata	1	20-10-08 01:05 AM
Post Diwali- Gurgaon Real Estate	chetanya	Gurgaon	0	15-11-07 07:07 PM

29-12-09	#3
parulbhatnagar New Member Join Date: Nov 2009 Posts: 22 My Mood: Thanks: 0 Thanked 0 Times in 0 Posts Rep Power: 1	Any comments from senior members on this topic

11-03-10	#4
anirudhbhatnagar83 Member Join Date: Mar 2010 Posts: 51 My Mood: Thanks: 0 Thanked 0 Times in 0 Posts Rep Power: 1	Even I have been noticing the real estate prices, whatever happens they dont fall drasticaly if you are a buyer. Whenever you plan to buy a porperty it will be at higher price. the amount of growth in population and incresae in demand is the key factor which these builders have in mind. We always feel when the time will be right to invest? also every new project which comes offers a better deal than the previous one. It surely is confusing. I beleive two factors can help you decide : 1. Play safe like you have a good margin of paying EMIs (if you are taking loan) or you have enough savings, and even if the possession is delayed by 1 year you have a backup. But as we know more the risk more the gain, So financialy make a call. Dont gamble your hard earned money. When you have money invest it, but dont wait too much else price might rise very high 2.Very important point is check the builder quality,commitment, history and reputation. Do the research on builder dont fall in for huge hordings. But all and all it is a speculation!