Samrajya - Kothrud - Page 204 - Indian Real Estate Forum

RAJESHP · 11-11-10

Quote:

Originally Posted by punerebuyer

Sincere apologies for making arguments on this thread... This argument is now getting too much personal hence I am stopping this from my end!

I am learning valuable information on RE, construction sector, economic and investment viewpoints and I do not want to waste my time on this forum for personal arguments...

Lets all discuss in the right spirit and contribute valid information

to make our interactions better... Cheers!

Apologies accepted.

Thanks. Its not worth discussing with techieguy_98
He earned enough bad reputation in just single day. He is god blessed, so leave him alone.

RAJESHP · 11-11-10

Quote:

Originally Posted by birendra

Rajesh in my experience RE has not given a bad return if you consider even in last 5 years(which most of us consider as bad time). Peronaly I have depended heavily on it even as investment(flat/plot) and it has never disappointed me. And I am not comparing with stocks and return of few stocks like 200-500% and all that as most of us are not qualified/smart/lucky enough to get that kind of return. Personally I have always struggled to make money in stocks may be not smart enough. To me if someone has reasonable amount of money(I am not talking about taking 90% housing loan and ret 10% from personal loan) in hand and do not know what to do....................buying a house provides a great option....you save on rent, save on tax and get decent appreciation.

To me just one factor which is education of child itself forces to decide on to get a permanent residence.Getting admission in a school is not easy these days and once you get the admission you do not want to change after 5 years(when you buy somewhere else) and either make your child may be travel 40 minutes to 1 hour or shift the school. To me in today's time that is not a good situation............I do not want my child to travel more than 10-20 minutes. I do not know if these decisions are emotional decisions.These decisions are the ones that you want to base your overall 10-20 core years around and for me stability is very important and I am sure there are many others who think this way.

Even in terms of investment unless you know a better and much secured trick to generate further from what you have saved RE is still not a bad option in my opinion.

I have maintained earlier as well that be sure not to pay any price and take your time before decide.Unfortunately timing the perfect buy time is very dificult unless some one is master at it.But if we can do that then that is the best thing that can happen.......................but that is very difficult.

Good luck,
Birendra.

Well any RE investment done during mid 2007 to early 2008 is with negative returns today. Because the prices are still hovering at those same level only.
Holding cost of a 50L apartment is 7-8L /yr, so if the price is same its negative return on your investment.

Regarding child's school, you can always buy in the same area where you are renting right?

I am not saying buying home does not have advantages and also agree joy of Home owning, specially for property virgins, is very big. But the current market is Insane, builders cheat left and right and no law to protect you. Prices are unaffordable and builder give cheap fixtures for premium price.

Buying home can wait...

techieguy_98 · 11-11-10

dear / adarniya Jitu sir,
There are few people here who hold rent/price ratio very dear to their heart (more than vedic scriptures) .. Can you please let everyone know whether you look at rent/price ratio when you launch your projects ????? Do builders ever , ever look at this ratio ???

harshalx · 11-11-10

Quote:

Originally Posted by punerebuyer

Sincere apologies for making arguments on this thread... This argument is now getting too much personal hence I am stopping this from my end!

I am learning valuable information on RE, construction sector, economic and investment viewpoints and I do not want to waste my time on this forum for personal arguments...

Lets all discuss in the right spirit and contribute valid information

to make our interactions better... Cheers!

punerebuyer

keep it up. No matter what he says, you know the readers are much more saner to realize whats going on.

techieguy_98 · 11-11-10

Quote:

Originally Posted by harshalx

punerebuyer

keep it up. No matter what he says, you know the readers are much more saner to realize whats going on.

Looks like there is a bunch of NRI fools with friends who are helping each other out here :punerebuyer ,harshalx,rajeshp, punemumbai123 ... They are helping out each other with ratios , twisting sentences and bookish theoritical view of Pune real estate...
Even if these 4 people agree it doesn't make it right ....

Punerebuyer you are PUNERERENTER: you change your alias name , you are not going to buy , so its going to be punererenter...

dear / adarniya Jitu sir,
There are few people here who hold rent/price ratio very dear to their heart (more than vedic scriptures) .. Can you please let everyone know whether you look at rent/price ratio when you launch your projects ????? Do builders ever , ever look at this ratio ???

sanav3 · 11-11-10

Quote:

Originally Posted by harshalx

punerebuyer

keep it up. No matter what he says, you know the readers are much more saner to realize whats going on.

+1 .. techieguy_98 is trying to convince the world to invest in Pune RE today... at exorbitant rates.

techieguy_98 · 11-11-10

Quote:

Originally Posted by sanav3

+1 .. techieguy_98 is trying to convince the world to invest in Pune RE today... at exorbitant rates.

And so big is your thinking that you are trying to convince others not to listen to me...I'm not here to have people listen to me...I'm presenting my views on buying re within means...

Share your views on what you have to say about RE ?

hitmady · 11-11-10

Quote:

Originally Posted by techieguy_98

I am also inviting anyone on this forum to post honest real examples of a sale of a home where the sale amount was conforming to the ratio ( 1:200 ) and this should be in the last 5 or 10 years or anytime when you made the purchase... I want to see whether the purchase was a norm or an outright exception.... Also I want to see during which time this ratio derailed and went off the track ...

I sold 1BHK flat in Mumbai for 9.5L and bought 2BHK flat for 16L in Sept 2004 for self-use (rent then was in the range of 9-10K).
For past #3 yrs renting in pune, just be'coz today it doesn't make sense to buy here (for that matter Mumbai).

ani_meher · 11-11-10

techieguy_98: I don't know where to begin, because welcoming a person as you, high in education, understanding and stature, needs a more able person than a humble one like myself. However, I will still do 'chhota munh and badi baat' and humbly say, you are a crown holder amongst the great Pune intellectuals. Because of persons like you and lesser persons similar to you, I have faith in Pune RE that it will never fall back.

Whoever other people are trying to mock you/trying to instill fear in people's minds that the property rates are going to fall and their so called rent:price ratio, that has never worked in past, please forgive them. They and I are jobless homeless renters staying in US and trying to fool genuine pune RE buyers into not buying houses.

People get real. You never play sport, why do you need that second kidney? Sell it for 75L and buy a 2BHK! After all, buying a house is all life is for! So don't wait for tomorrow, start today! Who knows, all the flats tomorrow will only be slum facing scum housing with no luxurious amenities!

PS: I hope this post classifies as Punekar

EDIT: Two edits.

First: Hey techie, see the article has made silly goof ups in the summary:
. Property should be bought at the right time and for the right price. So for Mahesh, it will be a wise decision to buy the flat at Rs 20-25 lakh.
. He should take a loan at lower rates or wait for rates to fall.

Ha ha such stupid typos. The points should be:

. Property should be bought no matter what.
. He should take a loan at any rates and should not wait for rates to rise.

There, corrected!

Second:
Mr.Jitu, after posting the loving reply above, I realized this is Samrajya thread. I apologize to you for my post above, because they are certainly not related to your product. While what I think about the pricing or business is one thing, I always respect people who are making a living in their own way. Please don't take any of the above post directed towards you or your product.

Jitu_Sir · 11-11-10

Dear techieguy_98, rajeshp, sanav3, ani_meher, hitmady, harshalx
After reading the discussion I feel that everyone has his own calculations of purchasing RE based on his needs, liking and affordability. Formula applicable for one cannot be necessarily applicable to other. RE purchase is a financial & emotional decision where the ratio of these 2 components differ for different people.
I am glad to read the views of different members on the topic in this thread and hence no need for regrets. Keep sharing your thoughts.

11-11-10	#2039
ani_meher Member Join Date: Jun 2009 Posts: 391 My Mood: Thanks: 8 Thanked 4 Times in 3 Posts	techieguy_98: I don't know where to begin, because welcoming a person as you, high in education, understanding and stature, needs a more able person than a humble one like myself. However, I will still do 'chhota munh and badi baat' and humbly say, you are a crown holder amongst the great Pune intellectuals. Because of persons like you and lesser persons similar to you, I have faith in Pune RE that it will never fall back. Whoever other people are trying to mock you/trying to instill fear in people's minds that the property rates are going to fall and their so called rent:price ratio, that has never worked in past, please forgive them. They and I are jobless homeless renters staying in US and trying to fool genuine pune RE buyers into not buying houses. People get real. You never play sport, why do you need that second kidney? Sell it for 75L and buy a 2BHK! After all, buying a house is all life is for! So don't wait for tomorrow, start today! Who knows, all the flats tomorrow will only be slum facing scum housing with no luxurious amenities! PS: I hope this post classifies as Punekar EDIT: Two edits. First: Hey techie, see the article has made silly goof ups in the summary: . Property should be bought at the right time and for the right price. So for Mahesh, it will be a wise decision to buy the flat at Rs 20-25 lakh. . He should take a loan at lower rates or wait for rates to fall. Ha ha such stupid typos. The points should be: . Property should be bought no matter what. . He should take a loan at any rates and should not wait for rates to rise. There, corrected! Second: Mr.Jitu, after posting the loving reply above, I realized this is Samrajya thread. I apologize to you for my post above, because they are certainly not related to your product. While what I think about the pricing or business is one thing, I always respect people who are making a living in their own way. Please don't take any of the above post directed towards you or your product. Last edited by ani_meher; 11-11-10 at 10:27 AM.

11-11-10	#2040
Jitu_Sir Veteran Member Join Date: Dec 2009 Posts: 1,186 My Mood: Thanks: 0 Thanked 8 Times in 4 Posts	Dear techieguy_98, rajeshp, sanav3, ani_meher, hitmady, harshalx After reading the discussion I feel that everyone has his own calculations of purchasing RE based on his needs, liking and affordability. Formula applicable for one cannot be necessarily applicable to other. RE purchase is a financial & emotional decision where the ratio of these 2 components differ for different people. I am glad to read the views of different members on the topic in this thread and hence no need for regrets. Keep sharing your thoughts. __________________ Jitendra Pethkar Pethkar Projects Partner Last edited by Jitu_Sir; 11-11-10 at 02:32 PM.

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
Rates in Kothrud	Samir_Pune	Pune	17	2 Weeks Ago 02:42 PM
Need 2BHK at Kothrud	pal_143	Pune	5	02-01-10 01:22 PM
Is it possible to get an apartment in Kothrud for around 50L	mandarg	Pune	22	29-07-09 07:58 PM
Kothrud, Warje	sam12	Pune	0	21-07-09 12:26 PM
Kothrud, Warje	sam12	Pune	0	21-07-09 12:22 PM

11-11-10	#2033
techieguy_98 Member Join Date: Sep 2009 Posts: 101 Thanks: 0 Thanked 0 Times in 0 Posts	dear / adarniya Jitu sir, There are few people here who hold rent/price ratio very dear to their heart (more than vedic scriptures) .. Can you please let everyone know whether you look at rent/price ratio when you launch your projects ????? Do builders ever , ever look at this ratio ???