Why buy flats in Pune - Page 4 - Indian Real Estate Forum

frugality · 03-02-10

so from now on who ever raises the Puneite - outsider issue .... IT - Non IT issue can be considered as Builders puppet deployed in our forum .... isn't it sounds like divide and rule .... so that buyers cannot get united .....

the idea in the forum is that new buyers to learn the rules/traps ..... and most of the new buyers breaking the rules just happen to be from Service industry ..... or who are not aware of subprime like scenario ..... who always think that RE has only one way .... UP

realacres · 03-02-10

Quote:

Originally Posted by sanav3

Stop talking about Punekar and non puneites...
its just that we as a generation have very high disposable income at a younger age and many of us dont have the maturity to think logically.

Correct & more than that, many got more than they expected & didn't knew what to do with that money

. Getting money is easy, digesting it is difficult

. Those who won't spend unwisely even after having INR 50L+ in pocket, will never go wrong in finances

.

* Add to it access to cheap credit.

aditi sharma · 03-02-10

To me it seems easy access to credit more than disposable income.
When our parents used to buy house, they used to have 80-90% amount in hand and rest borrowed from friends and family. Today its just 15-20% in hand and the rest borrowed from banks.

Quote:

Originally Posted by realacres

* Add to it access to cheap credit.

realacres · 03-02-10

Quote:

Originally Posted by aditi sharma

To me it seems easy access to credit more than disposable income.
When our parents used to buy house, they used to have 80-90% amount in hand and rest borrowed from friends and family. Today its just 15-20% in hand and the rest borrowed from banks.

And parents would have peace of mind, but our mind is in pieces

.

veeemkay · 03-02-10

Quote:

Originally Posted by realacres

And parents would have peace of mind, but our mind is in pieces

.

You reminded me of a Saying
"Lord Buddha left his palace in search of peace and we are all in search of our palace at the cost of peace"

VK

alice69in · 03-02-10

TOTALY agree... we need to be more responsible in our spending.... and not pay buiders so much premium

Sayabu · 08-02-10

Quote:

Originally Posted by shirishtiwari01

50-55L sounds more reasonable then 65L. Did you go to a property showcase in UK or USA to get these rates?

I am not recommending these properties. I would say, half of this rate will be value for money.

-Sayabu

asliarun · 08-02-10

Quote:

Originally Posted by asdf2357

Surely rates are too high and may be 'actual' (atleast for kothrud and kalyaninagar considering 5000-6000psf rate. Not sure of Wakad and other areas..).. and not affordable at all for common or even more than common puneites...

but, most of the Puneites are accepting this and going for distant locations and smaller flats (<1000sqft)..

If you go to some distant and ~1000sqft the budget reduces to half.. and most of the deals happening in 30-40lacs range.

Common perception in Mumbai and Pune is ~1000sqft means big one, whereas in Bangalore it is certainly not bigger..

I don't think, this is good.. but a 'fact' .. people are accepting smaller and distant homes in pune..

Just for the record, when you say 1000sqft, I'm assuming that you mean the "saleable" area, (whatever it means). This would mean a carpet area of about 750 sq. ft. for a 2 BHK! Are people in Pune really willing to live in such a small apartment, and that too in the middle of nowhere? The only place in the world where people live like this are the super-metropolis or mega-cities across the world like Tokyo, New York, Mexico City, Mumbai, Chicago, London, Paris, Shanghai, Hong Kong, Singapore.

Even in these mega-cities, people live in these "pigeon-hole" apartments only if it is the downtown area. The suburban areas will generally have spacious apartments or houses.

Why is Pune, a small town growing up to be a mid-sized city, being compared to these mega-cities?

Why is Mumbai also coming into the picture at all? Pune is too far away for someone to commute to Mumbai every day. Plus, I thought that this whole thing was being caused by the "IT workers" not by the "Mumbai workers".

realacres · 08-02-10

Agree Arun. It seems it would be better to buy 5-6 car parks & stay there

. It is much cheaper than buying a flat of the same area

.

03-02-10	#31
frugality Senior Member Join Date: Oct 2009 Posts: 553 My Mood: Thanks: 7 Thanked 10 Times in 7 Posts	so from now on who ever raises the Puneite - outsider issue .... IT - Non IT issue can be considered as Builders puppet deployed in our forum .... isn't it sounds like divide and rule .... so that buyers cannot get united ..... the idea in the forum is that new buyers to learn the rules/traps ..... and most of the new buyers breaking the rules just happen to be from Service industry ..... or who are not aware of subprime like scenario ..... who always think that RE has only one way .... UP Last edited by frugality; 03-02-10 at 10:58 AM.

08-02-10	#39
realacres Moderator Join Date: Jun 2009 Posts: 6,144 My Mood: Thanks: 49 Thanked 180 Times in 135 Posts	Agree Arun. It seems it would be better to buy 5-6 car parks & stay there. It is much cheaper than buying a flat of the same area.

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
Don't buy Flats in Pune....Now...!	alice69in	Pune	16	26-10-10 08:08 AM
Ready Possession Flats in Pune	kartikeyrawat	Pune	2	08-02-10 02:40 PM
New 3 BHK flats in Pune	techieguy_98	Pune	2	20-12-09 10:22 AM
High raise flats ( >4 floors) VS low raise flats	ks2071746	General Real Estate Discussion	1	16-06-09 03:35 PM

03-02-10	#36
alice69in Member Join Date: Jan 2010 Posts: 80 My Mood: Thanks: 0 Thanked 0 Times in 0 Posts	TOTALY agree... we need to be more responsible in our spending.... and not pay buiders so much premium