Wish...people in IREF see trends aorund the world...somehow there is an ostrich behaviour to ignore the trends...we might be 4-5 years from carsh...but so say it cant happen is plain hope not facts

bhai. Amercia mein. recession aya in real estate uske reason the. Ek hi property pr 5-5 baar loan liya gya tha price inflate hue . Bank ne un inflated prices pr bi loan de diye bina repayment ability ko dekhe ..
Akhir mein real estate price fall krne. Lage ..
Ab manlo 1cr ka kisi ne property ke against loan lia uska price 10 lakh eh gya aise mein wahan ke logon ne loan repay krne se mana krdia and bank jab woh property beechne nikle toh pata chal 80-90% value erode ho chuki ..
This is what we call "subprime crisis " ..

But aisa india mein kbi ni ho sakta because
India mein 70-80% tak black money componenet involved hota hai ..
Property hogi 10 crore ki toh dikhayi 1.5-2cr ki jati hai ..
Banda yahan kuch bi krta hai pr bohat bade loss mein property beechne ko tayar nhi ..

friends, is there any one who thinks a LIG in vasant makes sense? People do buy it but i guess only investors. I saw the negative points...now any positive Points for vk lig?

One negative point from my side too ..

oh my God. nothing positive for LIG in vk?

the premium is artificial. There is no buyer at high premium - just hype. Prices may fall sooner than expected

Please note what I wrote at the end.

"Of course in short-term if they pump too much liquidity it might lead to a bubble formation and an eventual collapse (2008) before the prices resume their upward march. Eventually if the agenda on housing becomes too aggressive (cheap loans, tax-breaks) like in USA it can lead to a huge run-up and then a massive collapse which can take years to recover. "

sir, i was talking about the real on table deal ...real premium...at least for now.
i want views of seniors here about vasant kunj specially LIG (which is in my budget). what are the future prospects of LIG in vasant kunj.

Pros: :bab (56):
1.) Good Location
2.) Brand Name which is important for at least few people.
3.) Good premium till now.
4.) Nelson Mandela road of vasant kunj will hopefully get linked to MG road in gurgaon. Old project...if only gov start working on it some day.
5.) Good schools near by - dps, vasant valley
6.) Already developed area. in case of drop in real estate prices, area would hopefully recover sooner.

Cons:
1.) Its an LIG
2.) Water problem in area
3.) High cost - around 70 lakhs for LIG - why any would buy an LIG for this big amount?
4.) Rent around 15k - why would one pay 15k for LIG?

I am a novice :bab (26): and looking for good guidance from seniors :bab (60): in the forum. I want to buy one LIG in vasant kunj but get confused due to the above pros and cons. Need your help guys. :bab (2):
looking for more replies :bab (7):

Please do not get confused..... Just go and check with dealer how soon a property in Vsant Kunj gets sold out...... People simply want to live there.
According to me there is no water problem there. Electricity is never a concern.
When you buy this flat, just put it on sale after 1 month in 80 laks and you'll see the difference.

I'm saying this from my own experience. I had my own flat .....surveyed the market saw that last deal was done in Rs X I asked X+30 lakhs for 3 BHK 1st floor and got the bayana within 1 week and deal was completed within a month.

This is becauset majority of IREF members are young and internet savy .... but the actual buyers of real estate in south delhi either do not have time to visit this site or have never accessed.

if it was a 2 bhk or 3 bhk i would have gone ahead blindly. hesitating only because its an LIG. :bab (38):

masque bhaiji i dont think koi purani soch ka bhi jiske pass 90lakhs ya 1 crore honge woh ek aise flat mein rhega jo DDA ne ek zamane mein gareeb logon ke liye banaye the taki unke apne ghar ka sapna pura ho sake that is why these are called LIG flats ( lower income group) in types ke flat mein rehna. Konsa status symbol kehlayega ?? dont take it personally anyone but itne bade toh aajkal servant room hote hain achi socities mein ..

Is LIG se better i would say ke kisi ke pass 1 crore hain toh use bank FD hi kra do 10 lakh rupee interest ayega .. 30-40,000 rent dekar gurgaon mein kisi shandar villa mein rho baki bache 6,7 lac annually se jewellery , gadi , holidays , shadi ke liye paisa , bachon ke future ke liye paisa yeh sab krlo .. Aur ek luxurious life jiyo ..

No invest in real estate and not in FD ,,,,,short term it might look gs bt in long term no...

:bab (68)::bab (2):