Munish Malhautra

Real,
U should not compare RE stocks and other stocks per se with RE itself. RE remains the best tangible asset till date and will always remain. Yes what we badly need is a good regulation so that prices are controlled and moderated evenly.
RE company stock prices not going up have almost nothing to do with RE. We all know the reason why RE companies are not doing well.
Again ,its a proven fact that only RE is the best investment in long run. Now G-old has become a good option. Stocks are also good but maintaining them is like a full time job/business.

Does anyone disagree with me

hitmady

Now a days to maintain RE you need a full-time job which pays you 4 x EMI for 10-15 years + Pay 20K EMI + Pay 2K monthly maintenance charges .

Manoos

good reply .. rofl !!

rahul.magar

it seems buying a flat in london cheap than pune

akssenti

I totally agree about the fact that PS has the highest amount of crap projects in the entire Pune region. However Aundh and Baner may not sink that low. Also now the RE will fall by Diwali threads are being replaced by RE will fall by XYZ date. Its hard to predict the fall and the extent of RE fall because way too many factors come into consideration. There is a simple logic you can follow. If you cannot afford a house, do not buy one. Even when the market falls and you feel it may rise, let me stretch a little and buy, resist the temptation. Any real estate profit is notional profit. We hear stories of a couple of relatives saying I bought house in 1K per square feet and sold it for 50L. You do not hear stories of numerous people desperately trying to sell their flats at current market prices and completely failing to do so. Everyone can say, let me pay 1-2 L extra and buy a new house. Areas like Aundh where saturation has happened can expect to sell at decent rates. In PS GK is selling houses at 3900 per sqft. If I go to sell my PS house I cannot expect more than 3K per sqft and that also is optimistic.

So rent for now and be happy. Rent =10-12 K. EMI is 35-40 K. Its a no brainer. Buy when you feel you can comfortably afford it. India has seen its biggest job boom and the world has flattened. We no longer compete with US and UK for jobs but also with Philippines and Africa. So 100% hikes when you change jobs would not be a common story any longer.

Rent till you can buy and keep liquid cash ready is the real mantra.

nitesh321

Right. No one is expert here to predict this correctly. All are speculations.

This theory applies to those people who are looking RE only from investment point of view or for those who are from outside Pune & may change their jobs in 2-3 years & so may even shift to some other city.

But for those who want to buy for staying here for many years or even permanently, or those who have their parents here & even if they shift somewhere else for job but would have their parents here, this theory of staying on rent or looking at profit or re-sale price doesn't matter. Because they are not buying to sell it off after 3-5yrs. So affordability without over-leveraging is the key for them.

kothrud_pune

Duplicate Thread.....it seems some guys want to hide the Diwali wala thread..we can discuss al these things in that thread only....infact they r already discussed....

compuwalah

Thx KP. Was trying to make same point. But guess the perception of Diwali thread being synonymous to comedy thread, ppl do not want to become Asrani by touching it.

nitesh321

Right. Two Diwalis have gone by, still the thread & the topic continues. This thread is redundant.

rocknrolls

yeah but this time the rates are going to fall by upto 100%.