sanjaykg

If one try to correlate the no. of calls received from agents these days, I feel very excited and top of the world.

Quoted prices in Kharghar, Seawoods are back to April 2009 levels and I hope to get good deal for my 3BHK in next couple of months - I'm not a distress buyer. I believe in money saved is money earned.

__________________
Kind regards.

SKG

ttt43

Read the following quote. I think builders are worried about the buyers who bought at the peak. And it is true that they will not like a reduction in price. I think it is hurting them too, but they don't have a choice.


In defence, Credai’s Gera says it is neither a consortium of builders nor greed that is pushing up prices. “With 10,000 builders in the fray, it is difficult to fix prices. On the other hand, builders find they cannot cut prices of existing stock when they have sold half the flats earlier at higher prices. The first lot of consumers may just stop paying their instalments.”

asliarun

Err.. one thing: The consumers are paying installments (EMI) to the bank, not to the builder. Why would the builders care if the consumers start defaulting on their home loans? They've already got their money. The banks should care, on the other hand.

asliarun

Just went through the top 100 cities in the world.. rated on the basis of the quality of living. Not a single Indian city even figures in the top 100! This is so sad! Yet, we pay more money for houses than most of these cities.

http://en.wikipedia.org/wiki/List_of...lity_of_living

The best part: The top 100 list has cities from countries like Tunisia, Slovakia, Slovenia, Lithuania, Poland, Chile, Uruguay etc.

puser

There should be a list of world's most expensive yet "no quality" cities in ..

Indian city will make a place for sure.

informsantosh

we did nelson on this thread 111!

Very good compilation of information from various perspective. I think these kinds of threads should be shared by all cities in this forum. As people from other forum might be missing info or they can add more.

ttt43

If the project is not complete, the customer might want to cancel their booking and demand return of money.

wiseman

Venky,

Been reading and saving up John Mauldin since 2005. He is a very cautious analyst who predicted the "muddle-through" economy for the next decade back then. Post 2008, he was the last one to become bearish and I was very surprised when he actually did so.

Check out his site http://www.2000wave.com/

cheers

realacres

Another shocker for builders:-

http://www.realtyplusmag.com/rpnewsl...=7339&cat_id=8

realacres

Banks have cut their exposure to real estate, as stressed assets mount in the sector. State Bank of India (SBI) and Punjab National Bank (PNB), among others, have begun cutting borrowing limits for the sector, coupled with aggressive recoveries.

SBI too has been reducing lending to real estate companies and aggressively targeting recoveries. "This is to stem the tide of bad loans, specially after projects, particularly low-cost housing, failed to take off," a senior SBI official was quoted as saying.

For more, please visit the following link:-

http://www.realtyplusmag.com/rpnewsl...=7200&cat_id=8