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

rajesh_gavande · 05-03-10

Now property prices are more than 2900 RS per/sqlfeet even in remote areas. Banks have increased interest rates and stopped their customer oriented package. And budget introduced flat 10% services tax of purchasing ....
So we can say. DREAM will be dream. any theory/speculations PROOFED to be wrong.
Can we have reason to buy property now, if there please share with all?

manna143 · 05-03-10

According to me, it is really over for now. it was there last year when we were hoping to get down further to the next level.

razer · 05-03-10

Quote:

Originally Posted by manna143

According to me, it is really over for now. it was there last year when we were hoping to get down further to the next level.

With this it will come down to last year's level.

prabhatweb · 05-03-10

probably if people will stop buying maybe rate will be down to some extent again

ttt43 · 05-03-10

People have already stopped buying in Pune. I have seen a major decrease in sales since 2007. The prices however have remained almost the same (or a small +/- depending on the area).

nilpat · 05-03-10

Yes, Time has gone. Now the buying will stop > major price correction will happened >> people then can think of buying home even at higher floating intrest rates >> and the cycle will complete.

Guys expect major correction in next 6 months.

kothrud_pune · 05-03-10

Quote:

Originally Posted by nilpat

Yes, Time has gone. Now the buying will stop > major price correction will happened >> people then can think of buying home even at higher floating intrest rates >> and the cycle will complete.

Guys expect major correction in next 6 months.

that mean by Diwali.....Looks like this is duplicate thread....there is already a thread saying..."Prices will be down by Diwali"

amit3011 · 05-03-10

Quote:

Originally Posted by kothrud_pune

that mean by Diwali.....Looks like this is duplicate thread....there is already a thread saying..."Prices will be down by Diwali"

Its applicable for all tier I,II cities, not just Pune!! :p

realbee · 05-03-10

Quote:

Originally Posted by nilpat

Yes, Time has gone. Now the buying will stop > major price correction will happened >> people then can think of buying home even at higher floating intrest rates >> and the cycle will complete.

Guys expect major correction in next 6 months.

I am hearing this from last 5 year. Come down to reality. Prices of land, house, flats increasing in every town & city of India. Increase in interest rates are sign of economic recovery not the other way round. India is going to top in asia for salary rise.

veeemkay · 05-03-10

Quote:

Originally Posted by shirishtiwari01

India is going to top in asia for salary rise.

10-12% salary hike and what is the hike in RE prices?????

05-03-10	#1
rajesh_gavande New Member Join Date: May 2009 Posts: 40 Thanks: 0 Thanked 0 Times in 0 Posts Rep Power: 1	Time to purchase home in pune is OVER Now property prices are more than 2900 RS per/sqlfeet even in remote areas. Banks have increased interest rates and stopped their customer oriented package. And budget introduced flat 10% services tax of purchasing .... So we can say. DREAM will be dream. any theory/speculations PROOFED to be wrong. Can we have reason to buy property now, if there please share with all? Last edited by rajesh_gavande; 05-03-10 at 01:08 PM.

05-03-10	#6
nilpat New Member Join Date: Feb 2010 Posts: 8 Thanks: 0 Thanked 0 Times in 0 Posts Rep Power: 0	Correct... Yes, Time has gone. Now the buying will stop > major price correction will happened >> people then can think of buying home even at higher floating intrest rates >> and the cycle will complete. Guys expect major correction in next 6 months.

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
Park Royal Wakad Pune - Is it a good deal to purchase a 2 BHK flat over there...?	makoojo	Pune	76	27-12-11 02:57 PM
Planning to purchase a 1 BHK flat at Clover Dale Koregaon Park Pune	Punepropertybuyer	Pune	5	11-09-09 11:04 AM
Correct Time to purchase flat	thatsnick001	Pune	32	29-08-09 06:33 PM
Looking to Purchase Flat in Pune	shahim	Pune	5	04-07-09 07:35 PM
Right time to buy flat in Pune?	bhushan911	Pune	10	22-04-08 06:06 PM

05-03-10	#2
manna143 New Member Join Date: Apr 2009 Posts: 41 Thanks: 0 Thanked 0 Times in 0 Posts Rep Power: 1	According to me, it is really over for now. it was there last year when we were hoping to get down further to the next level.

05-03-10	#4
prabhatweb New Member Join Date: Feb 2010 Posts: 1 Thanks: 0 Thanked 0 Times in 0 Posts Rep Power: 0	probably if people will stop buying maybe rate will be down to some extent again

05-03-10	#5
ttt43 Member Join Date: May 2009 Posts: 145 Thanks: 0 Thanked 0 Times in 0 Posts Rep Power: 1	People have already stopped buying in Pune. I have seen a major decrease in sales since 2007. The prices however have remained almost the same (or a small +/- depending on the area).