mindguru

I hope you got the hint or you can keep LYAO.

Madhurg

I guess I am not far from the day - when I will ask myself, If not Pune, where else ??

bheeshma

the only hint i have got Mr.Mind"Guru" is that there I cant even afford a Flat in Pune, with or without price corrections.

mindguru

Dont be that desperate. You will also find a place to call your own and it will be the most beautiful place and your well wisher will also believe in that.

Biggest problem with pune is govt is not making life easier for common man. See NOIDA/gurgaon ... their land developing authority has developed so much land that today in NOIDA you can book a 2400 sq ft rate with infrastructure far better than pune (except power issues). Same thing is happening in Hyderabad, chennai, vizag, ahmedabad, bhubaneshwar ... but not in pune. In fact, pradhikaran area has put good steps in that direction but in PMC i dont see anything which can help supply constraints. Pune RE that way is also quite recent and going forward i hope there will be positive changes (I heard you dont hope in pune as it will always be dashed).

frugality

you can read this...
tried to attach this book but failed

The Crowd is always a Day Late – Understanding
Timing
Timing: The Right Minute can save an Hour
You’ve probably done this at a football match, a concert or any big event. I know I have!
Just as the event is about to finish, I have headed for the exit a minute or two before the
end.
And because of the sixty second head start, I have ended up at home half an hour
earlier than if I would have waited a few seconds longer to leave.
Those few seconds have put me in the car park ahead of the crowd, so that instead of
having to work my way through a traffic jam, I was able to whiz home quickly on
uncluttered roads.
I have done this hundreds of times and saved countless hours, which I have put to better
use. Whenever I have to drive into the main Melbourne CBD, I try and avoid the peak hour
traffic, and find I can make the journey in half the time that it would take if I left when the
main crowd was going to work.
I always try to be a few minutes ahead of the crowd, or if I can’t, a long way behind it.
Timing is everything.
With investing and particularly with property investment, timing is also really important.
It is one of the keys to financial success.
Have you noticed how the beginning investor will often wait until the market moves before
buying property or shares? The reality is that by the time the beginning investor is aware
that the market has moved the experienced investors have already moved the market to
the next level.
So, how do they do this?
Well…. the experienced investors tend to buy properties before the market starts to inflate
and prices go up. They do this by understanding the concept of cycles in property as well as
the investment world. They understand the investment clock, which is based on the well known
phenomenon that business cycles occur, on average, every seven to nine years.
Many investors have trouble coming to grips with the probability that events can turn out in
a cyclical fashion. However, history indicates that the probability is very high indeed.
One of the few things that history has taught me was that history repeats itself.
The sooner you, as an investor, live through an investment cycle, and see the
recurring nature of booms and busts in property and in other investments, the sooner
you will become a better investor and understand the importance of timing of your
investment decisions.
I consider understanding timing of the property cycle and the investment cycle in general,
one of the most crucial lessons a property investor can learn.
Understanding Property Cycles
Page 5
The correct timing of your investments can either make you or break you.
By the time the main crowd are buying property investments, the main hike in prices
has already occurred.
As most property investors purchase property to hold for the long term, you may think that
this timing doesn’t matter, but poor timing can force some investors to sell their
properties. This tends to occur when they purchase a property near its peak prices at the
height of the property boom.
I have seen this occur frequently lately.
Invariably they have bought a negatively geared property a few years ago and are now
feeling the strain of the monthly shortfall between rental income and their mortgage. This
combined with the bad press property receives at the depth of the property cycle plus the
fact that the value of their property is not increasing rapidly makes them doubt their
investment decision.
In general they are too impatient to see the fruits of their investment and this causes
them to sell at the wrong time. Such as now when the market is slow or before they have
held the property long enough to see serious capital growth.
These investors often take on more debt than is safe, not keeping their borrowings to a
manageable level. Then as interest rates rise (which tends to happen in the next stage of
the cycle, as you will discover later in this section), they have difficulty coping and start
panicking and sell the property, especially as they have seen no profit growth in the short to
medium term.
It may take the market seven to ten years to run the full cycle and if you purchase in the
wrong point in the cycle, it will take a number of years for you to get your purchase price
back.
This can clearly be seen from the following discussions I had with two friends a few years
ago.
Both were professionals who had bought their homes quite a few years ago. Yet both had
different views on the benefits of buying property as an investment.
Both stories relate to my friends’ family homes and not investment properties but the
lessons are there to be learned. Their views were so different that you would wonder if they
were talking about the same thing.

realacres

True. The sole reason for this is that currently Pune RE is driven by scorpio chaps. When better palyers will enter the market, all this non-sense of Pawar & Co. will automatically end.

__________________
It takes Hands to build a House but only Hearts can build a Home!

bheeshma

and what makes you think I am desperate & from what you have written, homeless? Buying a home in pune is easy but getting a deal which you feel is good enough is not. Eventually everyone compromises with affordability.

bheeshma

Pune is a village that has suddenly found itself in the midst of rapid urban development. Arguably the most sophisticated area in Pune is Koregaon park. There also, you will see a lot of village life in its backyard. PMC/PCMC authorities need a solid team of urban planners regulated by a competent authority.

abeerbagul

Can people who are outside India right now, post about properties on sale in their neighborhood. Please also provide links to the listings like in zillow.com

frugality

Good graphs esp 10 yr chart .... so still US price will go down further ?