Time to purchase home in pune is OVER - Page 5 - Indian Real Estate Forum

Saurabh01 · 09-03-10

I was talking about the project which are near to possesion but we can get in the new projects where only god know the complition time.

Saurabh01 · 09-03-10

Quote:

Originally Posted by harishkulks

Why do you feel demoralised ? If you don't own a house, then I don't think you will never own.Pls search some more properties and negotiate hard.If you do not have the financial power to buy any property (hope this is not the case

) then simply live on rent.

It pays off...believe me ! My personal experience.

I am also searching. I have not very good negotiation skill If i got anything i call you (Harish) for negotiation

siddeewan · 10-03-10

dude correction came of that 15 to 20% only during last recession..still at that time we all were waiting still price will go down....guys market has bottomed out and already 20% gone up...and we all cribbing guys missed train....and happily watched it...

compuwalah · 10-03-10

Quote:

Originally Posted by nilpat

You seems to much pessimistic dude..kind of pissed off

Their will be correction atleast 15-20 %... not more than that atleast for this dewali.

No more Diwali predictions please

. Nothing happened in last Diwali, nothing significant may happen in coming Diwali.

Read thru following (reply of Economist to Roop)

http://www.indianrealestateforum.com...28/page22.html

m_square · 10-03-10

Quote:

Originally Posted by compuwalah

No more Diwali predictions please

. Nothing happened in last Diwali, nothing significant may happen in coming Diwali.

Read thru following (reply of Economist to Roop)

http://www.indianrealestateforum.com...28/page22.html

very correct.. the prices are shooting up by each passing day.. i dont think there would a significant correction in the coming 2 years..

And Yes.. many ppl have missed the train

siddeewan · 10-03-10

One of my friend who has purchased the land is buidling bunglow on the same. Based on his calculation he used decent material for construction like cement, rods, window grills, wood etc....approximate cost per square feet came around Rs. 1800.
Adding up the land price (as he pruchased long back) final price came to Rs. 2000 psf. Based on this logic if we want to buy flat with good quality builder considering the moderate land price adding up builder profit(say 20%...i may be too rational..!!!!) price around 2600psf makes sense to me and more than that is builder(mafia) profit. Any takers of this calcuation?

siddeewan · 10-03-10

One of my friend who has purchased the land is buidling bunglow on the same. Based on his calculation he used decent material for construction like cement, rods, window grills, wood etc....approximate cost per square feet came around Rs. 1800.
Adding up the land price (as he pruchased long back) final price came to Rs. 2000 psf. Based on this logic if we want to buy flat with good quality builder considering the moderate land price adding up builder profit(say 20%...i may be too rational..!!!!) price around 2600psf makes sense to me and more than that is builder(mafia) profit. Any takers of this calcuation?

asliarun · 10-03-10

Quote:

Originally Posted by siddeewan

One of my friend who has purchased the land is buidling bunglow on the same. Based on his calculation he used decent material for construction like cement, rods, window grills, wood etc....approximate cost per square feet came around Rs. 1800.
Adding up the land price (as he pruchased long back) final price came to Rs. 2000 psf. Based on this logic if we want to buy flat with good quality builder considering the moderate land price adding up builder profit(say 20%...i may be too rational..!!!!) price around 2600psf makes sense to me and more than that is builder(mafia) profit. Any takers of this calcuation?

This has already been discussed in detail in the Buyer's price list thread.
Please see Birendra's post.. he has done a really good job of doing a detailed breakup of costs.

realacres · 10-03-10

Quote:

Originally Posted by m_square

very correct.. the prices are shooting up by each passing day.. i dont think there would a significant correction in the coming 2 years..

And Yes.. many ppl have missed the train

And alongwith the prices, the bank home loan NPAs too have shot up

. Check both the sides of the coin man

.

RAJESHP · 10-03-10

Quote:

Originally Posted by m_square

very correct.. the prices are shooting up by each passing day.. i dont think there would a significant correction in the coming 2 years..

And Yes.. many ppl have missed the train

But still less than 2008 peak. This trend is sustainable only if they pass the 2008 peaks by a good margin.
Its too early to draw any conclusion, need to look at the big picture as well, when making huge investments.

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09-03-10	#41
Saurabh01 Member Join Date: Oct 2009 Posts: 445 Thanks: 1 Thanked 4 Times in 4 Posts	I was talking about the project which are near to possesion but we can get in the new projects where only god know the complition time.

10-03-10	#43
siddeewan New Member Join Date: Nov 2009 Posts: 39 Thanks: 0 Thanked 0 Times in 0 Posts	dude correction came of that 15 to 20% only during last recession..still at that time we all were waiting still price will go down....guys market has bottomed out and already 20% gone up...and we all cribbing guys missed train....and happily watched it...