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IREF® - Indian Real Estate Forum > Real Estate in India > Real Estate Noida > Property rates will fall down in Noida
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Old February 17 2012, 10:36 PM   #61
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Originally Posted by ThePunjabi View Post
When you are paying a part of the interest as rent, then the FD will not double your money in 7-8 years. Simple maths.
will u sell ur house and start living on roads if rates becum 10 times ? no na. so its notional gain of money. what u have is a house worth whatever u purchased it 7 years back. if u sell it u will get money prevailing at that time. not the money which brokers say but the one which buyer is available at and is actually buying at.
bec we were comparing rentals vs buying a property at present rate and in tht u mentioned that u wud gain only 5 lakhs if u make an FD , it was a reply to that. so what fellow member stated that putting tht money in FD and paying 12-15k for rent and using rest on ourselves or further FD's is a very gud option

 
Old February 17 2012, 10:37 PM   #62
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you are right but i believe the real estate prices are still not right. i am not expert in real estate but i use some general calculations....who are the people buying these kind of houses?

- an avg person Govt/private with the salary of 40 or 50k/month, really can't afford a 50 lacs house?? very risking there..

- with the 1 lac/month salary - to much on loan for flat would wear him down. probably no confidence that he is going to make the loan with other responsibilities there.

- salary above > 1.5 lacs/month. people will think worth in this market or not.

- salaray > 2 lacs, probably worth it to buy this time. anything with less will be the bonus.
 
Old February 17 2012, 10:42 PM   #63
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Originally Posted by ThePunjabi View Post
When you are paying a part of the interest as rent, then the FD will not double your money in 7-8 years. Simple maths.

do someone invests his life savings by only seeing last 7-8 years return.
I think the guy will make money only by luck.
 
Old February 17 2012, 10:42 PM   #64
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bhai saab
i just read ur posts and they hav somewhat created a sense of panic and uncertainty in mind.
tell me what should an end user like me do to get his own home in noida? should i wait for the prices to fall as you are suggesting? should i wait for another 5 years coz if SP comes into power than many projects may get delayed as predicted by others?
as an end user, buy ur house wen u need it .. no matter wat predictions are (provided u hav the money) ...... Sir ke upar apni chat achhi lagti hai....



As an investor , look at 100+ things --- timing, location, price, builder. quality, roads, SEZ, companies, job, rates predictions ........& .....blah blah
 
Old February 17 2012, 10:49 PM   #65
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Originally Posted by Meghna View Post
50 lakh ka FD karo, you will get 5 lakh per year. Out of that pay 2 lakh per year rent for a flat of 1900 sqft (DOUBLE OF 950) and out of the remaining amount spend a thousand rupees everyday as pocket money. And your capital of 50 Lakh is much much much safer than buying the the kabootar khana. And I am waiting for you to say - thanks
That's the convenient way of survival. How would you lead the aspirational and high life style w/o growing your money. FD in these times of high inflation is like eroding your savings.
Note: A man having a saving of 50lacs will definitely know that the interest income won't be 5 lacs as most likely he would come under 30% tax bracket
 
Old February 17 2012, 10:54 PM   #66
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That's the convenient way of survival. How would you lead the aspirational and high life style w/o growing your money. FD in these times of high inflation is like eroding your savings.
Note: A man having a saving of 50lacs will definitely know that the interest income won't be 5 lacs as most likely he would come under 30% tax bracket

Bhai,

Flat is also a depreciating asset....house is too risky way of living in NCR.
 
Old February 17 2012, 11:02 PM   #67
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Originally Posted by ruchika1 View Post
will u sell ur house and start living on roads if rates becum 10 times ? no na. so its notional gain of money. what u have is a house worth whatever u purchased it 7 years back. if u sell it u will get money prevailing at that time. not the money which brokers say but the one which buyer is available at and is actually buying at.
bec we were comparing rentals vs buying a property at present rate and in tht u mentioned that u wud gain only 5 lakhs if u make an FD , it was a reply to that. so what fellow member stated that putting tht money in FD and paying 12-15k for rent and using rest on ourselves or further FD's is a very gud option
It is not notional gain, it actual gain.

I will actually move into a new home that I bought for Rs 48 lacs (it is RTM) and sell the home where I'm currently living for Rs 1.9 Cr. So gain will be actual should I want to encash the gain and I don't have to live on the road either.

This has happened while my money that was in FDs has rotten.
 
Old February 17 2012, 11:03 PM   #68
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Originally Posted by amitgupta00 View Post
Bhai,

Flat is also a depreciating asset....house is too risky way of living in NCR.
Could you please elaborate on the last sentence? Went off on a tangent
 
Old February 17 2012, 11:03 PM   #69
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[QUOTE=saurabh2011;336756]Good Written.... One Thing which I have written several times that finally actual test of Noida new projects will be when END USER started to purchase from Investors at 50Lac-90Lac (down payment price).... In Noida New Projects mostly Investors and if Noida Society only get maximum 40% END USER in their society then it may be Flop Show at the END.... Investor Hype work just for Short Terms of 1-2 year but not in Long Terms, in Long Run END USERs hai Jahan Smooth Appreciation hoga wahan. I hope All new Noida Societies will have 80% minimum END USERs ..... Let us SEE finally what happen.
-------------------------------------------------------------------------
One of my frnds had bought a flat 3-4yrs back in Vaishali (gzb) around 30L,
now with Metro very close-by and a market rate of 80-90L, still he is unable to sell the flat for last 10months..

Abb 1cr Cash rakhne waale log bhi to aasaani se nahin milte, all RE buyers these days are the ones who have 5-6L as savings in last few months and rest on Loan.....

Khatarnaak ho sakta hai future...
saurabh2011 and cyberjunkie like this.
 
Old February 17 2012, 11:04 PM   #70
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Originally Posted by Meghna View Post
50 lakh ka FD karo, you will get 5 lakh per year. Out of that pay 2 lakh per year rent for a flat of 1900 sqft (DOUBLE OF 950) and out of the remaining amount spend a thousand rupees everyday as pocket money. And your capital of 50 Lakh is much much much safer than buying the the kabootar khana. And I am waiting for you to say - thanks

Thanku hai jiiii
 
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