BasheerKhan

Luxury projects in Jaypee around GC ( Kalypso , Imperial for example ) r already selling at above 7000 psf in resale and these r not even RTM for next 2 years. So price will surely break 10 k barrier when RTM. Super luxury projects like Pebble Beach are already above 10 k psf. ATS One Hamlet is selling well above 6000 psf which again not even RTM yet.

Luxury will do well on Noida E way ( cant say the same about other parts of Noida ) and Gurgaon. Lot of scope to appreciate still.

gharondabhai

This is called play with the data. All the consultants are master of this.

Most of the people will just look at the numbers and will feel price had really dropped .. and will fail to notice that we are talking about Defence Colony, Bandra, Koregaon Park, Ballygunge Park ... these are the POSH areas and most of the transactions happen in multi layer, multi color mode. No one has any access to the real data of those transactions. And the number of transactions in those areas are too little to be considered as a sample.

Simple rule

For End User : Whenever you really need a roof over your head is the right time to buy.

For Investors : Any time is a right time to buy but you need to identify the right project and right price. You need to understand location, project category, flat size. Downturn affects luxury projects but may not affect low end projects or posh locations with very limited supply... and so on. Anytime is a right time but you must have knowledge of the product that you are buying.

NoidaDude

well said gharondabhai....

property me investment is the best investment....

Sharmeela

I think one must invest anywhere else other than property at this time when all sorts of negative news have started coming. The prices have also started falling

pawankp

experience counts.. i second ur opinion.. my learned freinds having 1-2 houses were suggesting me not to buy now.. but to wait for prices to correct.. I followed my heart to meet core need a house for me and my family.

gharondabhai

I believe you do not attach too much importance to news article. See another one
Luxury housing staging a comeback on the realty market

The important factor for investor is, identify the right property at right price. No one knows exactly which one is the right one but experienced people make better decision, lucky people makes better decision and some either does blunder or sheer bad luck ...

it's not about any particular time but about your selection and entry point.

gharondabhai

Oh, you said my dil ki baat!!

Experience and advice guide you in most of the cases ... when still undecided, just follow your heart!!

Cheers!!

rakesh_sahu

Good article and information.

For any sector (stock or reality) there are always two views: +ve (supporting the sector) or -ve (having a negative outlook). Experts are found on both sides with supporting data and arguments. You will find the arguments very valid, if listened in isolation.

It is the market (public, buying capacity, political factors,builders) which drive the overall scene. People remember those experts whose prediction falls in line with market & these so called experts become Guru.
But it is the market which has its own way of moving and is not predicated/tamed/timed by these gurus.

So far in last six years (since I started search for myself), I found prices either stagnant or moving northward. As far as my experience goes, you cannot tame the market. All you can do is, go with the flow.
For end users, it is always right time as long as long they have locked in property with their capacity to pay and survive. For investors, it is their risk appetite.

For lack supply, GNoida is still called as deserted city. Dwarka still has so many of the unoccupied flats (never been to Dwarka but this is as per my colleagues)....

Another example is one of my family friends. They were planning to go for LP, sec-110 in Jul-11 however a national newspaper had an article with so called prediction that interest rates are northwards, Property prices will go down. And after two or three weeks, another article appeared with complete reverse view. They went by the 1st article and now the scenario is out of their reach.

amit001

Sharmeela/Jawahar/Swaran all have been banned. I believe all were the multiple IDS of the same person. All were spreading panic on various threads of a crash in the Real Estate Marke

gharondabhai

Agree with Rakeshbhai, except the "you cannot tame the market". With a real good intention, a government can control the market. Althought, it takes quite a long time for clean, capable, efficient and serious Government like Singapore, HongKong to control their RE Market. You want to tame, not crash the market, thats why it is tough. It is easy to crash but not so easy to soft landing!!

So in Indian context ... you never know as they are very good at BLUNDERS!! .. we can have hard crash!!

Otherwise, RE price goes one direction only and I guess it will be so for another 10-20 years ... then probably India may follow US/EU?Japan pattern.

See here Builders find ways to stay afloat, hold on to property rates - The Economic Times