IREF® Real Estate in India - Property Discussion
Revert to old theme

Download our app now !

Reply
1Likes

Distress Property for Sale in Bangalore - Tracker thread
August 27 2013 , 12:06 AM   #1
Member

VickyKr's Avatar
 
Join Date: Aug 2013
Posts: 50
Likes Received: 5
Distress Property for Sale in Bangalore - Tracker thread

So we have a lot of negative sentiments in the market with Rupees sliding down every day.

Experts like Notepad and Somashekhar are predicting Real Estate Carnage in very near future.

Starting this thread to track distress property sale in Bangalore. By distress property sale we mean any property being sold below market value in order to close the deal faster.

Requesting fellow forum members to provide details of any such opportunities if and when they come across.

Poor Software engineers like us only keep dreaming of reduction in RE prices only to face another onslaught of price increase.

Taking idea of "wiseman" forward, we have formed a facebook group for those who might be interested in distress buy or sell.

https://www.facebook.com/groups/Dist....PropGroupBuy/

P.S. : Pls note real estate down slide may or may not happen, any financial decision is solely individual's responsibility.
August 27 2013 , 12:21 AM   #2
Member

Nandu1's Avatar
 
Join Date: Feb 2013
Posts: 130
Likes Received: 10

Is this specific to Bangalore? I would suggest not to bring in other cities and its citizens into this FB group to make it more specific and crisp to Bangalore. Any thoughts??
August 27 2013 , 12:41 AM   #3
Member

northbengalu's Avatar
 
Join Date: Mar 2013
Posts: 97
Likes Received: 25
My Mood: Cheerful

Quote:
Originally Posted by Nandu1
Is this specific to Bangalore? I would suggest not to bring in other cities and its citizens into this FB group to make it more specific and crisp to Bangalore. Any thoughts??

I agree to keep the group specific to Bangalore. And also agree to not bring in distress sales of other cities. This way, we can keep the transaction specific to bangalore.

But, i want to disagree on keeping other city people out of the group[if that was meant above].
India is one country & any indian can live/stay/work in any part of india[it is not written anywhere to respect local land/culture/language. But, we need to do it out of courtesy]. Accordingly, we should keep the group open for any indian.
August 27 2013 , 12:51 AM   #4
Member

Nandu1's Avatar
 
Join Date: Feb 2013
Posts: 130
Likes Received: 10

You are right Northbegaluru. I meant to avoid other city discussions and not the people. In fact i am not from Karnataka.
August 27 2013 , 12:59 AM   #5
Member

northbengalu's Avatar
 
Join Date: Mar 2013
Posts: 97
Likes Received: 25
My Mood: Cheerful

Thank you Nandu1,

I am from karnataka. if i go to any other state, i would follow the same rule for myself.
August 27 2013 , 01:38 AM   #6
Member

Nandu1's Avatar
 
Join Date: Feb 2013
Posts: 130
Likes Received: 10

@northbengaluru
August 27 2013 , 02:58 AM   #7
Member

professor63's Avatar
 
Join Date: Dec 2012
Posts: 198
Likes Received: 6

Quote:
Originally Posted by VickyKr
So we have a lot of negative sentiments in the market with Rupees sliding down every day.

Experts like Notepad and Somashekhar are predicting Real Estate Carnage in very near future.

Starting this thread to track distress property sale in Bangalore. By distress property sale we mean any property being sold below market value in order to close the deal faster.

Requesting fellow forum members to provide details of any such opportunities if and when they come across.

Poor Software engineers like us only keep dreaming of reduction in RE prices only to face another onslaught of price increase.

Taking idea of "wiseman" forward, we have formed a facebook group for those who might be interested in distress buy or sell.

https://www.facebook.com/groups/Dist....PropGroupBuy/

P.S. : Pls note real estate down slide may or may not happen, any financial decision is solely individual's responsibility.
I thought IREF was a forum that does not allow commercial activities!
August 27 2013 , 09:36 AM   #8
Member

VickyKr's Avatar
 
Join Date: Aug 2013
Posts: 50
Likes Received: 5

Yeah the group is for Bangalore based properties only.

The distinction has also been made while naming the group to avoid any confusion.

DistressPropertySaleBLR

Quote:
Originally Posted by Nandu1
Is this specific to Bangalore? I would suggest not to bring in other cities and its citizens into this FB group to make it more specific and crisp to Bangalore. Any thoughts??
August 27 2013 , 09:45 AM   #9
Member

VickyKr's Avatar
 
Join Date: Aug 2013
Posts: 50
Likes Received: 5

Professor Sir,

The intent here is purely to connect people together and track the "predicted" down slide of Real Estate in Bangalore.

Commercial activity is neither the intent nor the desire.

Quote:
Originally Posted by professor63
I thought IREF was a forum that does not allow commercial activities!
August 28 2013 , 02:13 PM   #10
Member

VickyKr's Avatar
 
Join Date: Aug 2013
Posts: 50
Likes Received: 5

Based on predictions on Food Security Bill, if your view is long term in Real Estate atleast till 2018-19, you should be fine.

Good to have some Light at the end of this long tunnel.
Not entirely doomed as predicted by Notepad.

Sonia’s food bill will bring great pain, bankruptcy… and reform - Firstpost

Quote:
Even as the Sonia Gandhi-led UPA sinks the economy further in the short term with the passage of the Political Insecurity Bill-a.k.a. the Food Security Bill-it is worth making a few predictions about the next five to six years of the economy, which includes not only the next nine months of this decrepit government, but possibly one or two more short-lived governments going all the way to 2018-19.

Sonia’s Food Bill may provide the tipping point to bankruptcy and then reform.
Choose theme from here -
LinkBack
LinkBack URL LinkBack URL
About LinkBacks About LinkBacks