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IREF® - Indian Real Estate Forum > Real Estate in India > Real Estate Gurgaon > Did you Smell a Rat?? Encyclopedia of Distress assets in Gurgaon.
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Old January 6 2012, 02:50 PM   #1
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Default Did you Smell a Rat?? Encyclopedia of Distress assets in Gurgaon.

" Its the rats that jumps off the ship first, when the Ship is sinking"

I have been reading lots of posts on various threads where lots of members(Junior,Senior, Distinguished, Veteran and newbies) have shared their views on imminent price correction.
Many members have also quoted the corrected rates in last 3 months.

Hence this thread is to give a comprehensive update to all the members of IREF to check where all correction is happening. For those sitting on sidelines this could be wonderful resource to get immediate update on the latest figures.

I would like to request all the members to report the first sign of correction in this post the moment they "Smell a rat" . As I had posted earlier first quarter is crucial for RE in NCR where we will see the first Stress test of the investors.

Most of the projects where the third installment has been called for will see investors leaving in droves. So the moment you see "Rats Jumping off the Ship",please report here.
Let everyone become the RE reporter on this thread as per following format :-

1. Project Name :-
2. No of Flats :-
3. Pre launch Price :-
4. Launch Price :-
5. Was available
6. Size
7. Now available
8. Payment gone
9. Good Price to buy (Resale ):-
10. Comments/Prediction :-

I will keep updating the contribution in original Post .

Hope this thread creates Encyclopedia of Distress assets in Gurgaon.

Happy Investing !1

 
Old January 7 2012, 11:35 AM   #2
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Surprised by no updates on this thread...??

So is correction a myth or too cruel a reality to accept too soon....

Hope to see some contribution coming soon....
 
Old January 7 2012, 12:10 PM   #3
 
 
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rushil, although, u have very fair intentions in starting this thread, many here in the forum see RE as an cut throat business & they would rather like to buy the lowest deal themselves, rather put it in this or some thread & let somebody else enjoy the fruits of it .

My POV & i could be somewhat wrong here, please ignore, if somebody disagrees .
 
Old January 7 2012, 12:22 PM   #4
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The recent one's that i have come across are by Era and Today Canary in resale deals.
 
Old January 7 2012, 12:24 PM   #5
 
 
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If u could give figures here ( look at rushil's format ), it would be much more helpful to everybody who may be looking to buy .

Quote:
Originally Posted by vineetm View Post
The recent one's that i have come across are by Era and Today Canary in resale deals.
 
Old January 7 2012, 12:55 PM   #6
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Default Deja Vu !!

U know Manoj I always knew it before I started this thread . Also I knew it that you will be the first one to respond with "Absolutely true andchilling " facts about the reality of Reality business...

As usual bang on with your assessment. Keep up the tempo of crusade.
Lets see few good Samaritans might give real facts for the betterment of others.

Happy Investing !!

Quote:
Originally Posted by MANOJa View Post
If u could give figures here ( look at rushil's format ), it would be much more helpful to everybody who may be looking to buy .
 
Old January 7 2012, 12:57 PM   #7
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Rushil Sir - I have send you a PM. Kindly see and respond.

Thanks,
Amit
 
Old January 7 2012, 10:04 PM   #8
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Intention is good, but executing needs some more of thinking.

To start this thread, you should have found a case of any such ship. Just giving a framework and then expecting people of divulge all the information and that too as per your format looks little amature.

Also, I'm sure you will agree but it doesn't comes out very clealry that those people who have used such opportunity in recent time to get good deal can also post abt it (i mean it need not that that opportunity still exisits).

Refer to "Worst investment till date". It has developed in a very nice way.
Without such initiative, I'm sure that this thread will also get into obscurity of hazzar similar topics in this forum.

my 2 pence !!

Quote:
Originally Posted by rushilarora View Post
" Its the rats that jumps off the ship first, when the Ship is sinking"

I have been reading lots of posts on various threads where lots of members(Junior,Senior, Distinguished, Veteran and newbies) have shared their views on imminent price correction.
Many members have also quoted the corrected rates in last 3 months.

Hence this thread is to give a comprehensive update to all the members of IREF to check where all correction is happening. For those sitting on sidelines this could be wonderful resource to get immediate update on the latest figures.

I would like to request all the members to report the first sign of correction in this post the moment they "Smell a rat" . As I had posted earlier first quarter is crucial for RE in NCR where we will see the first Stress test of the investors.

Most of the projects where the third installment has been called for will see investors leaving in droves. So the moment you see "Rats Jumping off the Ship",please report here.
Let everyone become the RE reporter on this thread as per following format :-

1. Project Name :-
2. No of Flats :-
3. Pre launch Price :-
4. Launch Price :-
5. Was available
6. Size
7. Now available
8. Payment gone
9. Good Price to buy (Resale ):-
10. Comments/Prediction :-

I will keep updating the contribution in original Post .

Hope this thread creates Encyclopedia of Distress assets in Gurgaon.

Happy Investing !1
 
Old January 8 2012, 12:52 AM   #9
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Thanks for your neat observation Vikash.

Having spent more than a year in this forum and reading most of the valuable threads, try and give me benefit of doubt that I would have done my homework before starting this thread. I value mine and every one's time a lot and hence will never make any amateurish attempt without a proper research.

Just browse through the first 50 threads in gurgaon forum any day and you will see there are many members who have done detailed research in last one in gurgaon RE market and have discovered price correction. They have categorically mentioned the project name,price quoted few months back, quoted right now and also given a good indication of correct price to enter.

Attempt for this thread was to give a comprehensive information in one place and be good resource.

Intention was also not to see the reaction and contribution for a week or a month. There are many who believe that there will be a slight correction in next 3- months. Lets see if there is anyone who finds this place valuable enough to share.

If this thread dosent makes sense for any anyone, they can definitely ignore it.

Quote:
Originally Posted by vikash.kumar View Post
Intention is good, but executing needs some more of thinking.

To start this thread, you should have found a case of any such ship. Just giving a framework and then expecting people of divulge all the information and that too as per your format looks little amature.

Also, I'm sure you will agree but it doesn't comes out very clealry that those people who have used such opportunity in recent time to get good deal can also post abt it (i mean it need not that that opportunity still exisits).

Refer to "Worst investment till date". It has developed in a very nice way.
Without such initiative, I'm sure that this thread will also get into obscurity of hazzar similar topics in this forum.

my 2 pence !!
 
Old January 8 2012, 02:50 AM   #10
 
 
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Quote:
Originally Posted by vineetm View Post
The recent one's that i have come across are by Era and Today Canary in resale deals.
Hi
Greetings

May I request you to inform more details regarding puchase prices, month/year of purchase, type, size, location, current prices etc

Most invested would never speak about their bad investment until it turns sour. Therefore intermediaries and service providers can show some light.

Cheers
 
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