Gold Cost and Aloma county - Page 6 - Indian Real Estate Forum

ash7979 · 03-04-10

Quote:

Originally Posted by RAJESHP

Greed makes people blind and in this case become anosmic too

What do you think the people who bought at pre pre launch for 4000 must be feeling? surely they must be thinking they are smart, and we all are loosers, missed the bus. bla bla..

If there are people ready to pay such money, why would builder not raise prices

on weekly basis.

This is what I always try to say on this forum...when ppls are ready to pay, then why builder will not increase prices...It seems that u also agreed on this or still waiting for 50% correction in RE..

ttt43 · 03-04-10

Most are taking that risk. with 75L price and 15L down you have 60L loan.

How many people in Pune can afford that?

Quote:

Originally Posted by puser

People risk and gamble...People dare..they are ok to pay 50% of their income in EMIs..

RAJESHP · 03-04-10

Quote:

Originally Posted by ash7979

This is what I always try to say always on this forum...when ppls are ready to pay, then why builder will not increase prices...It seems that u also agreed on this or still waiting for 50% correction in RE..

Yes I still firmly believe that correction is due, because of 2 reasons.

1) Affordability
2) To many investors in market, who trigger the boom as well as burst.

However interesting thing is, if affordability of people is more than, what we perceive, then prices can go even north, price needs to match affordability.

I believe affordability is far less(seen from the salary of people around me.) than quoted prices and hence feel prices will go down.

Also when people get feel that there is negative bias(bearish), lot more properties come for sale(all of sudden) and buyers even genuine(forget investors) disappear from the market.

ash7979 · 03-04-10

Quote:

Originally Posted by ttt43

Most are taking that risk. with 75L price and 15L down you have 60L loan.

How many people in Pune can afford that?

Still they say that 1st phase is sold out....I dont know how much lie Pune builder will tell such bullshit to Pune ppls to make them fool

puser · 03-04-10

Why no builder is targeting 10 L - 30 L segment in Pune?

realacres · 04-04-10

Quote:

Originally Posted by puser

Why no builder is targeting 10 L - 30 L segment in Pune?

Coz they won't get 200% profit margins

.

robincap · 05-06-10

I had been Aloma County few hours ago .... here is my take: Good Location, small rooms, tall promises and exhorbitant prices!
They are quoting 5200 for garden facing flats. A 3BHK comes to ard 95L.

chinmay686 · 06-06-10

Quote:

Originally Posted by RAJESHP

Yes I still firmly believe that correction is due, because of 2 reasons.

1) Affordability
2) To many investors in market, who trigger the boom as well as burst.

However interesting thing is, if affordability of people is more than, what we perceive, then prices can go even north, price needs to match affordability.

I believe affordability is far less(seen from the salary of people around me.) than quoted prices and hence feel prices will go down.

Also when people get feel that there is negative bias(bearish), lot more properties come for sale(all of sudden) and buyers even genuine(forget investors) disappear from the market.

Correction is due...agree!! but depends upto what extent..50-100 psf doesn't make any sense...you can anyways get tht ptice through a group booking or heavy down payment and stuff..I feel, The price might not sky rocket from here..but a higher chances of being stagnant for sometime atlst....it still takes sometime for me to digest 3500+ psf for Rajveer palace for PS

affordability : No generalization is possible..we see things from our own eyes and tend to ignore the actual realities..All EMI/Income numbers are means of satisfying myself that i am wise not to purchase a property right now

Investors : Not sure a single instance, when someone actually incurred loss and sold off his property...Atlst my landlord (an IT folk) didn't sell off his flat even during peak recession (my offer of 3000 psf on Sus Road)..so sudden sell off and rush is something i am yet to see!!

pnb_2k · 08-06-10

Quote:

Originally Posted by robincap

I had been Aloma County few hours ago .... here is my take: Good Location, small rooms, tall promises and exhorbitant prices!
They are quoting 5200 for garden facing flats. A 3BHK comes to ard 95L.

It is sheere waste of money. Don't know why people are paying exhorbitant prices for Aundh when they can get much much better deal in other areas.

pcpune · 08-06-10

Well, as we say, India is a land of dreams, now most builders are selling dreams, people are paying through their nose to buying them, smart ones will resell them in time to get out, but to those who are stuck, will cry for all their lives...

I do remember the 1993 Stock Market, similar situation, and what happened after that was no surprise...this time it is realty, money involved is even bigger, and those who are stuck will only know after this "euphoria" phase has passed....

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
Gold valley konkan	puneDude	Pune	34	14-01-12 10:38 AM
gold leaf wakad	rekhaganesh	Pune	4	17-11-09 01:22 PM
Deccan Gold Kharadi	swati	Pune	5	16-11-09 02:53 PM
Deccan Gold, Kharadi	Ajit Ferreira	Pune	8	26-10-09 08:15 PM
Gold Coast Aundh Pune	techieguy_98	Pune	9	12-10-09 11:43 AM

03-04-10	#55
puser Veteran Member Join Date: Apr 2009 Posts: 1,602 My Mood: Thanks: 30 Thanked 12 Times in 10 Posts	Why no builder is targeting 10 L - 30 L segment in Pune?

05-06-10	#57
robincap New Member Join Date: Oct 2009 Posts: 9 Thanks: 2 Thanked 0 Times in 0 Posts	I had been Aloma County few hours ago .... here is my take: Good Location, small rooms, tall promises and exhorbitant prices! They are quoting 5200 for garden facing flats. A 3BHK comes to ard 95L.

08-06-10	#60
pcpune Veteran Member Join Date: Nov 2009 Posts: 1,304 My Mood: Thanks: 0 Thanked 21 Times in 6 Posts	Well, as we say, India is a land of dreams, now most builders are selling dreams, people are paying through their nose to buying them, smart ones will resell them in time to get out, but to those who are stuck, will cry for all their lives... I do remember the 1993 Stock Market, similar situation, and what happened after that was no surprise...this time it is realty, money involved is even bigger, and those who are stuck will only know after this "euphoria" phase has passed....