The bears who have been writing all sorts of sad sob stories are slowly disappearing. Market is not falling, rather consolidating and going up! Think of Rs 4200psft for a silly flat in Siruseri (some 30km from civilization).
Notice Wiseman sulking and disappearing leaving behind just his lovebirds and jalras. Notice a contra trying to talk bull all of a sudden.
Look at Nabhishek expecting a move up even though subtley.

Notice Nifty going up, (though it will fall once more before any clarity emerges), notice people with bank wads wanting to buy before the next upmove which may make the current upmove look like NOTHING. I mean in RE.

Finally you will have a lot of sellers of today wailing next year when they realize that they were bigger fools than those who sold land in 2004 and saw their land appreciate 6 to 10 times by 2008.

Notice inflation in reality whatever the silly government might say. Rice was Rs 19 a kg even an year ago. Now at Rs 40 a kg. It all means that inflation will push up prices. If rice can become double, why not RE? If salaries can go up 5 times between 2003 and 2008 why not RE. All the bear writers on this board whatever funny names they have (one calling himself Wise and never proved even a bit of that!) never managed to prove that market will fall. For that matter it never fell. They will rejoice telling IT WILL FALL and they have typed the same futuristic message for almost an year now and yet it has not fallen, AND IT IS RISING IN POCKETS.
What does it mean? The bear cartel had a vested interest in getting their NRI brethren to buy land cheap! Fools sold their land for a song in 2008 and they will know how foolish they were in an year or two like the sellers of 2004 did in 2006-08. Some wrote bearish because they did not know anything about markets. Now whether a particular person did bear writing for which reason is anyone's guess. So we can pardon WIseman for his ignorance but not for his arrogance. Even after falling he claims that his moustache does not have a grain of sand (kizhe vizhunthalum meesaiyile man ottale). He yet talks bearish after 1 full year of WILL FALL and it is just NOT FALLING. Future tense to Present Continous.

So those of you who were planning to sell, beware. You may be in for a bear trap. And those who want to buy, well as one person said, the prices shoot up suddenly as the builders know it prior to many and if they are jacking up prices they probably have the clue.

In summary it looks like the CONSOLIDATION PHASE OF THE REALESTATE BULL MARKET SEEMS TO BE COMING TO AN END. Now I suspect we are tipping in for the next big upmove and if it does it will make the 2003 to 2008 upmove look really silly. So if you missed a mylapore flat for Rs 1500 a square foot in 2003 and now need to buy at a higher rate even in Siruseri, you might have to think of buying flats in reasonably far away places at Rs 10K to Rs 20K per square foot. So Chennai will be priced like Bombay and if you sold land today, I bet you wont be able to buy that ever again in your life.
Cheers.
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  • Finally gone round the bend!!!

    Nats has finally gone round the bend! Amen!

    cheers
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  • Sorana ketta payale

    Originally Posted by wiseman
    Nats has finally gone round the bend! Amen!

    cheers

    Okey you WorsethanWhoreman, I have had enough. If on Monday the mod does not get my id thrown out it will show the futility of this forum without me. As for you and your sobs to mod, you will have to put cowdung on your face. Unfortunately that might make the cowdung cough smelling the shameless U!
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  • Strange observation ...

    Originally Posted by Natarajg007
    Okey you WorsethanWhoreman, I have had enough. If on Monday the mod does not get my id thrown out it will show the futility of this forum without me. As for you and your sobs to mod, you will have to put cowdung on your face. Unfortunately that might make the cowdung cough smelling the shameless U!



    Nats,

    I observe that, whenever you are stressed out and slip around the bend, you slip into the vernacular and start spouting proverbs from famous people as though, by that act, you have donned their greatness vicariously!!! :D

    This is similar to putting lipstick on a pig - it does not improve its looks in any way, regardless!;)

    Does not your exalted IIT education give you enough ability to converse in one language commonly understood by everyone?

    Just doing my bit to get out all the abusive behavior from you so that you can stand nanga in the limelight so that everyone on this forum can see you for what you really are, n abusive, intolerant, conceited, arrogant but also rather mentally challenged excuse of a person!!!

    And also one intresting side-effect would be, it would force the mod to remove you all brought upon yourself because you can't control your abusive tendencies!!!

    cheers
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  • Originally Posted by wiseman
    Nats,

    I observe that, whenever you are stressed out and slip around the bend, you slip into the vernacular and start spouting proverbs from famous people as though, by that act, you have donned their greatness vicariously!!! :D

    This is similar to putting lipstick on a pig - it does not improve its looks in any way, regardless!;)

    Does not your exalted IIT education give you enough ability to converse in one language commonly understood by everyone?

    Just doing my bit to get out all the abusive behavior from you so that you can stand nanga in the limelight so that everyone on this forum can see you for what you really are, n abusive, intolerant, conceited, arrogant but also rather mentally challenged excuse of a person!!!

    And also one intresting side-effect would be, it would force the mod to remove you all brought upon yourself because you can't control your abusive tendencies!!!

    cheers

    Lipstick on pig...Only our shameless fella can think of such a thing. HOwever how will this guy look with lipstick on his face! Hilarious.
    Finally this guy is hard up with my IIT education. Infact that hurts him so much that he wont hesitate to belittle IIT for the fact that he was not let through the IIT gates as the watchman spat on his ignorance. THe pitiable thing about this silly WorsethanWhoreman is that he thinks that if he calls me an abuser a hundred times he will be correct, just as he has been calling a rising market as a falling market a million times. It is sad that he is living in Worldwar2 times and thinking of himself as goebbel. Think of the punishment meted to Nazi criminals even as recent as a couple of days ago. That will certainly happen to this guy!
    One small aspect I need to tell about IITians. They dont abuse, but if abused they dont stand like dumb morons taking it. So for an abuser like Wisey, who uses multiple methods just to get me out of this forum, from creating a duplicate id to mine which was later lovebirded to having a gang of guys abusing me including talking about wife, mother and what not, to regularly abusing me with his worthless comments, finally crying that I am talking up up and up as if that is a crime to be hanged, he is finally got one small abuse from me. Calling him a Worsethanwhoreman is the only abuse on him. Unfortunately I suspect this is not an abuse on this guy who calls himself Wisey, it is rather an abuse on Whores for comparing them with Wisey. Whores have many compulsions and face a male dominated world. I can pity them. On the other hand Wisey can go and do some work which does not involve pure lying, unfortunately his laziness and his desperation to hold onto this BPO job where he has to write Bear and ONLY Bear stuff is causing him to go bonkers.
    Think of it. IN all his abuses to me, he never ever refused that he works for a BPO where he is hired to write bear stuff. Now even if I am out or Wisey is out, the truth is clear. RE market is not what Wisey says. He is just been planted with a bunch of other guys in a BPO to pander to some transnational interests. Their interest includes reducing Indian image for now as also bring down RE prices as they want to buy out India at throwaway prices. Today when India is showing the way, I can only conclude by remarking Wisey is our nations' enemy. I hope his activities are scrutinized for the financial well being of this country.
    Jai Hind.
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  • Wisy it is beter to ignore Nats

    Wise Man ,

    It is better you avoid (Mada)Nats. Don't waste your time by replying to this dubacur IITian.

    There is a proverb " dhustanai kandal dhoora vilagu"

    Thanks
    Venkit
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  • wisy u owe an appology

    In ur post number 47 u use the word AMEN it hurts religious sentiments,and I am sure this is objectionable and reders may not take this for a joke. No hard feelings, Before u tell others to shutup its ur mouth first, disgusting'
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  • Light

    Hi Wise & Nats,

    Can v c light at the end of the discussion tunnel.

    Its like a badminton rally at the Hyderabad stadium, with the bloggers as the spectators. Missing out on good knowledge comments.
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  • Originally Posted by wiseman

    To cut it short, India is one of the best managed economies (despite all the problems we have) and we will probably have the easiest time in the coming global depression. It is already being discussed that China's actual GDP growth may only be 2.8%, as compared to the declared 6%, while India's GDP growth is probably what the Govt says it is!
    cheers


    this is what i have been saying wiseman that india is different and when the world realizes this FDI will flow in india and there is bound to be a boom again
    in the short term the sentiments are still down but many a well known pessimists have turned optimistic.the RE prices in good neighbourhoods will not crash (I am not talking about fancy deals).

    My opinion is that the first time buyer should look at good deals and buy a home or land NOW.
    yes i agree that the far off places and atrractive prices of 1495/ at far off places are not worth it.In the long and medium run RE will definitely boom. well RE is not a short term invstmnt.
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  • Let us see why FDI will flow in ...

    Originally Posted by abk
    this is what i have been saying wiseman that india is different and when the world realizes this FDI will flow in india and there is bound to be a boom again
    in the short term the sentiments are still down but many a well known pessimists have turned optimistic.the RE prices in good neighbourhoods will not crash (I am not talking about fancy deals).

    My opinion is that the first time buyer should look at good deals and buy a home or land NOW.
    yes i agree that the far off places and atrractive prices of 1495/ at far off places are not worth it.In the long and medium run RE will definitely boom. well RE is not a short term invstmnt.



    There are some basic rules applied for people to choose to invest in one place over another place. The main reason is "comparatively" better!!!

    The devil is in the details. When we see returns, we only see one side of the equation, the absolute return on investment, say, 7% for fixed deposits for example.

    For FDI, it is a little more challenging. FDI has a lock in period, say 3 years in RE as proposed now. So, within these 3 years they must not only see an absolute return (15% for example), they must also see that it is not diluted by currency rate fluctuations (Dollar goes to Rs.55 per $$$ from 48) which brings down return to 13% only and there is always this risk of business loss (as BigBear said, FDI has lost as much as a third of its value in India, which translates to 33% loss!!!).

    So, when India is considered, they have to juggle country-risk denoted by rating (India does not score well there) and all of the above (and also balancing allocations determined by their own internal rules) before they decide to come in with their money.

    Under the current conditions of a very weak RE sector beset with crippling debt as well as weak offtake in the foreseeable future, FDI investors will find it very hard to justify putting even more money into this market.

    For FDI to come in in any sizeable manner, inventories must be cleared (itself a sign of healthy, increasing demand), debt must be reduced and organic economic growth (not this economic growth driven by Government Spending alone) must be seen to be robust.

    Do you think all of these aer in place today? If not when?

    cheers
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  • Originally Posted by abk
    this is what i have been saying wiseman that india is different and when the world realizes this FDI will flow in india and there is bound to be a boom again
    in the short term the sentiments are still down but many a well known pessimists have turned optimistic.the RE prices in good neighbourhoods will not crash (I am not talking about fancy deals).

    My opinion is that the first time buyer should look at good deals and buy a home or land NOW.
    yes i agree that the far off places and atrractive prices of 1495/ at far off places are not worth it.In the long and medium run RE will definitely boom. well RE is not a short term invstmnt.

    FDI will flow in to RE only when it is reasonably priced and not at this kind of valuation.FDI started flowing into shares as price destruction had happened and was attractively priced.Same should happen with RE before you see any meaningful flows.
    FDI declined 46 % during January
    May 2009 in India and FDI in China fell for a tenth straight month in July and Investment declined 35.7 % from a year earlier.
    Lot of people are saying price will not crash in central areas.Have you seen the residex index.Crash is more pronounced in these areas.Latest Goldman report says Chennai has close to 15 months of unsold inventory.
    So still builders are waiting without decreasing the prices much even though there is no demand.
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  • Originally Posted by wiseman
    There are some basic rules applied for people to choose to invest in one place over another place. The main reason is "comparatively" better!!!

    The devil is in the details. When we see returns, we only see one side of the equation, the absolute return on investment, say, 7% for fixed deposits for example.

    For FDI, it is a little more challenging. FDI has a lock in period, say 3 years in RE as proposed now.


    FDI i mean in all areas not alone in RE i said india is diff not indian RE is diff.
    when FDI flows in there is bound to be growth allround and that will spur the growth in RE.
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  • Bubble

    Hi heard abt bubble building on TV by GSach.

    Could not catch the full news on CN IBN , any thing there.?
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  • Realestate Bears

    When I last wrote on this silly forum, the bears used all illogical statements to trumpet a fall. The silliest of them Wisey said that Nifty and Dow will fall. I was prompted to write this as Dow has crossed 10K and Nifty is at 5100.
    Ofcourse in a fools forum one can write as one chooses ignoring reality and state that RE prices will fall. Even dear Nabhishek is talking about falling prices from a visit to some RE exhibition.
    All I can tell you is to buy at such low levels. If you dont and keep listening to the orchestrated bear lobby on this forum, then you are the loser.

    PS. As you might have guessed Almighty is from IIT Madras. Cheers.
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  • Almighty!!!!
    An interesting name to choose :-)

    If this is such a silly forum then why did you come back with a new id and start writing :-))

    Please stop abusing others and try to get on with your life.
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  • Originally Posted by Almighty
    PS. As you might have guessed Almighty is from IIT Madras. Cheers.

    Almighty,
    What is this to do with RE? Did you think this is a matrimony/career forum?
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