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Old February 16 2011, 10:18 AM   #11
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I don't see any kind of bubble burst happening in coming time (in reference to Gurgaon).
- We just recovered from recession
- People were not buying for past sometime during recession and once the things seems glowing everyone is going ahead and buying properties (luxury / non luxury).
- Historically, prices have rarely come down rather they have stagnated.
- Anyone buying a property at say Rs 100 will in his entire life span will not even consider selling it at Rs 99.
- Its just a way of fooling ourselves and waiting that one day correction will take place....we will miss the bus and will cry later that "oh...this property was available so cheap earlier....I wish, would have bought at that time".

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Old February 16 2011, 10:31 AM   #12
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Quote:
Originally Posted by ashishv View Post
I don't see any kind of bubble burst happening in coming time (in reference to Gurgaon).
- We just recovered from recession
- People were not buying for past sometime during recession and once the things seems glowing everyone is going ahead and buying properties (luxury / non luxury).
- Historically, prices have rarely come down rather they have stagnated.
- Anyone buying a property at say Rs 100 will in his entire life span will not even consider selling it at Rs 99.
- Its just a way of fooling ourselves and waiting that one day correction will take place....we will miss the bus and will cry later that "oh...this property was available so cheap earlier....I wish, would have bought at that time".
If this really happens, You may see new projects getting launched at realistic prices.
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Old February 16 2011, 11:35 AM   #13
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I am of the same view on correction.I see projects being launched at higher rates when we expect correction to happen in the times of spiralling inflation.It's been quite sometime now since the economy has recovered from recession.
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Old February 16 2011, 12:01 PM   #14
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Quote:
Originally Posted by vineetm View Post
I am of the same view on correction.I see projects being launched at higher rates when we expect correction to happen in the times of spiralling inflation.It's been quite sometime now since the economy has recovered from recession.
Those who ae expecting the correctin to be around the corner are the guys who never invest in properties. Property investment is for minimum 5 years and no one will loose money if we plan to invest for long term.

Looking at the sales volume builders have increased prices in last two quarters. The prices will remain stable for 2-3 quarters. We may see a nominal hike of 5-8% in FY1112.

Correction in Fy1112 is ruled out. Correction may happen in 1213 if Govt. is not able to control inflation and interrest rate.
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Old February 16 2011, 12:12 PM   #15
 
 
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Rather strong words or views . Opposite could be, people investing recklessly, seem to have easy money .

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Originally Posted by psambher View Post
Those who ae expecting the correctin to be around the corner are the guys who never invest in properties. Property investment is for minimum 5 years and no one will loose money if we plan to invest for long term.

.............rate.
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Old February 16 2011, 12:15 PM   #16
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Originally Posted by MANOJa View Post
tarun Bhai, this is what, many think is coming, u cannot wish away trouble, by closing eyes on it .
We can not keep our eyes closed waiting for the recession to come.

No one invest in recession because when you are not sure about future why will you invest the RE.

No one is sure of recession. recession will come only when everyone is bullish taht is what happened in 2008.

We are in a phase where prices will be stable for 2-3 quarter. Forget about recession now.

The price rise after one yr will depend on how the economy performs.
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Old February 16 2011, 12:22 PM   #17
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psambher - do you want us to shut eyes to all the correction talk going around...

I am not saying that do not invest in properties at all. Even i am looking to invest in a property soon. But there is no harm in being little cautiuous and wait out for 2-3 months to become sure of the sentiments of the market
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Old February 16 2011, 02:52 PM   #18
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Quote:
Originally Posted by MANOJa View Post
Rather strong words or views . Opposite could be, people investing recklessly, seem to have easy money .
easy money is not available during recession. That is the reason builders were
not launching any project even after the recession was over. market picked up only in Q1 2010
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Old February 16 2011, 03:02 PM   #19
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Cannot talk about future , but presently speaking about overall resale market , the market is stable right now , with steady increase in some projects ,

Short term speculators are avoiding the market right now due to stable nature , but mid term and long term investors are still investing !!!!

What happens in future is a thing to see , for me i donot see any backfiring in ready possession apartments as there is huge demand supply gap in that still , it should grow steadily !!!

Whereas under construction are also stable right now with +- 200 rupees on project to project basis in comparison to prices of 2-3 months back !!!

Correction IF THERE , would / should not be more than 5 to 10 % and if it does not happen , the upside should/would also be 5-10 % for coming 6 months , both i am talking about in terms of underconstruction residential !!!

Totally my POV !!! I could be wrong or could be right !!1
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Old February 16 2011, 03:15 PM   #20
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My 2 cents on the probabilities for next six months-

What the article says (15% - 20% correction) - 5%
5%-10% correction - 25%
Stabe price - 50%
5% - 10% increase - 20%
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