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Will Gurgaon Property Rates go down by 30-40%?

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Will Gurgaon Property Rates go down by 30-40%?

Last updated: July 9 2013
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  • Re : Will Gurgaon Property Rates go down by 30-40%?

    Originally posted by sauravsbban View Post
    bhai logon. One one ton bhari lambe lambe post likhne se RE ke price niche nhi aajayenge ..
    tell me GOLD kyun 5000 se itna upar 30000 agya jabki end iser ke bus bahar ki baat ho gyi hai fir bhi chadta ja rha hai kyun ..
    And let me tell you RE is much much better than gold because RE has its intrinsic value too .. and 70% log apni purani property beechkr nayi property khareed rhe hain ..
    Its true ke apni kamayi se property lene ka time 5-6 saal pehle tak tha .. But still people working in gurgaon can buy in areas like faridabad and sonepat /kundli ..
    Where they can get apartments less than even 2000 persqft and after KMP expressway opens upo te commuting time would be much much lesser than delhi ..
    It would be hardly 1 hour via KMP ..
    zaroori nhi bhai ke jab pocket allow na kre toh bhi gurgaon main bi basna hai..
    As they truely say
    " chadar dekhkr pair
    Pasarne chahiye " ..

    That is logical. Chadar dekhkar.. ahcha line hai.

    It took about 15 years for gold to go from 5000 to 15000 right ?

    How much time RE took from 1000 rupees/ sqft to 5000 rupees ? 3 years ? Is that not scary ?

    Likhne se price kam nahin hote.. lekin.. jo hakeekat hai.. woh hi to likh rahe hain..sab..

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    • Re : Will Gurgaon Property Rates go down by 30-40%?

      bhai abi sirf 5 saal pehle meri didi ki shadi ke waqt gold 7500-8000 rs tha .. Aur usse 1-2 saal pehle tak 6000 kareeb ...
      there are still many options available with people in RE ..

      Comment


      • Re : Will Gurgaon Property Rates go down by 30-40%?

        Originally posted by sauravsbban View Post
        Bhai india mein kbi bi subprime jaisa halat ni ban sakte because yahan 80% dealing mein
        2/3rd black money involved hoti hai and loan banda sirf 30 % value dikhakr leta hai ..
        Koi bi banda kaise bi krke loan chukayega but property ki neelam ni hone dega kyuki yeh bharat varsh hai bhai jaan ..
        Jahan jaan se zyada paise ki
        Keemat hai ..

        i can bet jo log abi nhi khareed rhe yeh sochkr ke fall ayega woh. Agar khud na khasta fall aaya toh bi ni khareed payenge because that would be the time of a great recession .. Aur aise mein woh ghar toh chhodo apni job bachalein wohi kafi hoga ..
        Isliye kbi kisi ka bura mt socho ..

        SUb prime crisis.. lol. India mein kabhee nahi hote ? lol.

        That is what they said about stock market in 2008 when it was reaching 20000. Indian stock market crash kabhi nahin hota kyon ki......So every one said the stock exchange will go to 30 K, 50 K and so on..

        Sochne se nahin sochne se kya hoga.. Jo apne saamne jo hai.. woh hee bata rahe hain..

        What you said is correct.

        When a recession happens, even if the housing is half the price, no one will have guts. Only fools will buy.

        And people who are wise, who bought houses at 80 lacs, 2 crores etc, will think.. oh.. sh^t we should have saved that money. Because it is liquidity. Jab job jaayega.. kam se kam savings to hai jeene keliye ? Hai ki nahin ? tan woh 80 lac rupaye kaam mein to aayega na ?

        Else one will have a 2 crore apartment and gas cylinder ka refill ka paisa nahin..

        That is what happened in SUB PRIME crisis in USA. Its a name. Sub prime crisis is a name given by sophisticated people in finance.

        subprime crisis = defaulting on loans to financial institutions which led to the ghata to the exchequer of the govt.

        It happens everywhere. It does not make a difference if there is black money or gray money. It happens in Spain, Japan, Greece, USA, UK , Ireland .. everywhere. No exceptions.

        Comment


        • Re : Will Gurgaon Property Rates go down by 30-40%?

          And what you said about black money is doubly dangerous.

          Because, when a financial crisis happens, like it happened in Brazil , the black money came to the rescue and inflation went up to .. guess.. 500%. So , they have devalued the currency. And changed the currency from CRUZADO to REAL. .

          Black money is 'un taxed money' - that means it does not have value in international market - no buying power.

          if the government allows black money into circulation , what will happen ? Rupee goes gutter. . because that is illegitimate money which outweighs the countries gold reserves.

          These are basic economics. I am sorry to sound harsh . But that is how it works.

          It is like getting bad blood into your body . What effect will it have on your health ?

          Comment


          • Re : Will Gurgaon Property Rates go down by 30-40%?

            Originally posted by monkatheart1 View Post
            And what you said about black money is doubly dangerous.

            Because, when a financial crisis happens, like it happened in Brazil , the black money came to the rescue and inflation went up to .. guess.. 500%. So , they have devalued the currency. And changed the currency from CRUZADO to REAL. .

            Black money is 'un taxed money' - that means it does not have value in international market - no buying power.

            if the government allows black money into circulation , what will happen ? Rupee goes gutter. . because that is illegitimate money which outweighs the countries gold reserves.

            These are basic economics. I am sorry to sound harsh . But that is how it works.

            It is like getting bad blood into your body . What effect will it have on your health ?

            But currently in gurgaon every brokers, investors and builders daily wait for black money holder. They do daily pooja for some one come to there office with black money. They even don't talk with people with 60 -70 lakhs budget with white money. White money holder is wastage of time for that. This is a true story. They always happy with deal with black money.

            Is broker pays tax for his earning from property dealing???

            Is there any record of broker earning??

            Comment


            • Re : Will Gurgaon Property Rates go down by 30-40%?

              Originally posted by sauravsbban View Post
              apni apni choice hai bhai ..
              95% logon ka yeh sapna hota hai ke atleast unke bachon ka khud ka ghar ho .. Woh yeh na sochein ke kash humare maa baap ne humare bare mein socha hota ..
              liquidity bahut important cheez hoti hai. When you need money, say in recession , you cant sell RE. But you can sell Gold. Right ?

              So How come RE is better than gold ? Any asset which gives you liquidity when you need money is a wise investment.

              Investment is not just price increase and appreciation.

              And what you said is right. ha ha .. I am anticipating RE to crash so that I can buy a home in GGN ? May be. Thank you.

              Comment


              • Re : Will Gurgaon Property Rates go down by 30-40%?

                Everything including the cost of land , construction daily wages have gone up due to inflation.....and one of the most important factor of inflation has been the oil prices , If govt decreases the VAT like it has happened in GOA , the price of Petrol has come down to 55 from 65 , It will make a lot of difference , SO if someone wants to do something , We should all protest against rising TAXES from Central and state govt's

                Comment


                • Re : Will Gurgaon Property Rates go down by 30-40%?

                  Originally posted by amit.bhalla View Post
                  Everything including the cost of land , construction daily wages have gone up due to inflation.....and one of the most important factor of inflation has been the oil prices , If govt decreases the VAT like it has happened in GOA , the price of Petrol has come down to 55 from 65 , It will make a lot of difference , SO if someone wants to do something , We should all protest against rising TAXES from Central and state govt's


                  We should do protest to make new policies for Real estate sector.

                  1. Policy to stop black money in real sector. It will resolve many problems even government will be able to reduce excise duty and VAT from previous level.
                  2. UID should be mandatory for every citizen
                  3. Builder should not allowed to invest money in another project until his first project will not complete 50%.
                  4. Builder should not allowed to run payment method other than construction linked plan. ONLY CLP allowed.
                  5. Not allowed to buy more than 2 house for any individual. Still he can purchase 4 house. 2 house his name and 2 house in his wife name.
                  6.All real estate transaction should be transparent.
                  7. BBA should be mandatory for all property deal.
                  8. Floor plan, site plan and sample flat should be ready before launch

                  Comment


                  • Re : Will Gurgaon Property Rates go down by 30-40%?

                    Well said

                    Originally posted by amit.bhalla View Post
                    Everything including the cost of land , construction daily wages have gone up due to inflation.....and one of the most important factor of inflation has been the oil prices , If govt decreases the VAT like it has happened in GOA , the price of Petrol has come down to 55 from 65 , It will make a lot of difference , SO if someone wants to do something , We should all protest against rising TAXES from Central and state govt's
                    Well said and true too.

                    But this is a vicious cycle triggered by uncontrolled segment of commerce called RE. Why I said vicious cycle is because of this.

                    Every one wants a home - a vegetable vendor, a govt officer, a factory worker every one. So every one need money to buy home.

                    The only way people can afford a home is by increasing their income. Increase in income happens through (a) Salary hike (b) Margin hike in business . So this already triggered a price race. Salary increase and govt has to increase taxes to pay the employees. Same with private companies. They have to increase margins. So consumables are costlier. COstly consumables trigger more salary increases and more taxes and so on...

                    Why this happened ? Land price increase. If you look at RE sector of 60s and 70 and better part of 80s, it was flat. meaning, the growth was more or less tied to the economic growth. So it was healthy.

                    Now, the growth of Y0Y RE is anywhere between 50 to 150% whereas economy growing at 6%. .

                    How will the vegetable vendor buy a place for his shop ? Only by squeezing that money from you the consumer. You an employee with a company demand more salary . The company demand more money from its client. the client earns more money through some other means..

                    So taxes are a result of a fraudulent system / unregulated system of commerce.

                    Otherwise, population increase has been 2%. So demand for food, housing etc should increase at 2% too ? May be 5%. Not 300% .. correct ?

                    What was the cost of 1 kilo Toor dal say 5 years ago and now ?

                    Comment


                    • Re : Will Gurgaon Property Rates go down by 30-40%?

                      Bhai Log sab sahi hain

                      Sab kush sahi let us discuss the way to make money in recession if and when it happens..

                      Many people make money in rally BUT Selected few are the real gainers those who make money in recession.. Because majority of people shy away from investing in recession and once the rally is on again they repent of not being able to take the plunge at the right time.

                      This is a cycle which I have been witnessing at-least from 2001 onwards..

                      Comment

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