thatsnick001

I know that there might be similar threads here ... but it wud be helpful if you put in here when people are actually thinking of investing ..this year....coming 3 months ...or not until next year ...

I am still not sure if the prices have stabilized now ... i still hope they wud reduce in the coming months ....

monds

Just wondering - whay are you interested to know when people are investing.
For sure, next one year (at least) is going to be flat with very less purchased flats
Better stay away and watch... I am more than 200% sure that rates will not increase in the next 2 years, so you have enough time to time the market when it bottom out... good luck

Narasinha008

Rates increasing now. I know rates were Rs 2200-2500 in the month of March 09 and everybody was waiting to still go down. Then it started upward. Everybody was saying dont invest, etc...I booked at 2750 and the current rate is 3200. So, its up to individuals requirement. If you can affort and want to live there, i would suggest to go for it. In general, the indian as well as global market is moving upwards....After all, no country / nobody want to live in slowdown for more than 2 years.

monds

Which scheme and location you booked in???

idea1979

i dont see any increae in rates.. may be some effect created by builder lobby itself.

m_square

Rates are at bottom of the price curve right now. I guess buying in another 2 months would be a good thing. I dont see prices coming below than what we are seeing today

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realacres

Rates will continue to fall further. Everywhere in India including metros, tier-1 & tier-2 cities, rates have fallen by a min. of 40%. As this has not happened yet, rates will continue to fall. Not to forget that Pune has highest number of inventory in all of India! The vacant flats in Pune are far more than even Mumbai! Another aspect is that the builders here are locals & not big pocket ones, who too have decreased the rates. Pune builders are indeed selling at lower prices through backdoor channels.

For those, where prices have increased, atleast let us know the scheme/project name. You should cash in on this opportunity & sell it off making some neat profit!! C'mon guy's such poor marketing gimmicks won't trick the buyers.

thatsnick001

Well said ...
The thing is, i was considering this scenario :
Consider that noone purchases a single flat in the coming 6 months or another year . Obviously the rates will fall ....
But banks and other financial institutions have taken such infra as mortgages while giving out loans .... what if the loan is not repaid and the value of the mortgaged flat becomes less than the loan value itself....
I guess this was the main reason of collapse of banks in US...
One more thing.. Like realacres mentioned sometime back ... the land owners cud have asked for more price when the bubble was growing... and now builders might not have enuf to consolidate their own balances...

So the point I am trying to make is ... how do we know that this market has bottomed out ...and the builder is not quoting prepostorous amounts.. ??

shrikant Vaggu

If we consider prices to go down, what can be the major factors?

realacres

It has been already discussed on various threads. Let us know why do you think prices won't go down.