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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 KB_may2010 View Post
    Can you please provide your ideas to stop black money ???
    Black money is making real estate sector unstable and it will be definitely collapse. We all should protest to stop black money at least in property deals. Due to this more than 10 lakhs houses vacant in gurgaon.
    To curb black money in RE the circle rates should match the market rates.Still in most areas circle rates are about 40 percent of market rates.The registration fee in that case should be not more than 3 percent of circle rate.
    Dil Jawan Hai To Jahan Hai

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

      Mr Monkathheart1 i have been reading ur posts since 4years are u not mr wiseman.

      Originally posted by monkatheart1 View Post
      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 ?
      please reply me if i am wrong

      Comment


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

        Originally posted by KB_may2010 View Post
        Living on rent will remain always good option instead of buying a flat at very high price.

        School fees also highest in gurgaon. 80,000 donation and monthly fees 8000 per month along with transportation. How will you pay Monthly EMI for home loan?

        If you are buying home at remote location due to budget then transportation cost will further increase. Stay on rent very near to school and office.

        I think this is the right time to keep money at good interest rate and buy whenever you get right opportunity. Don't compromise with property due to budget.
        The old saying is still valid.
        FOOLS MAKE HOUSES AND WISE LIVE IN
        Do not buy now ,be wise ,live on rent and enjoy life.
        Dil Jawan Hai To Jahan Hai

        Comment


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

          Originally posted by Krazy Yuppie View Post
          To curb black money in RE the circle rates should match the market rates.Still in most areas circle rates are about 40 percent of market rates.The registration fee in that case should be not more than 3 percent of circle rate.

          Increase in circle rate may stop black money into RE but not sure if prices will come down for this reason.


          Dwarka plots are classic example.
          2 years back, plots in dwarka were costing between 70k to 100k sqr yard. But when DDA came in market auctioining plots at price starting 200k plus, rates of plots in resale market also pickup to match DDA prices. Now deals are less in reslae but prices did not come down.


          On other side, there would be some executives who can afford to pay EMI but don't have black money to pay upfront premium for ready to move in. This is one of the reason that new projects are attracting more deals than ready to move in or projects near completion.

          Comment


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

            Kamaal hai.

            Originally posted by sauravsbban View Post
            life is full of risk ..
            Risk lekar hi microsoft company bani , reliance , bani , wpro , arcelor , tata sabke business mein bohat sa risk involved hai .. Pr aaj woh itne bade insan hain kyuki unhone evaluated risk liya ..
            imagine agar apke parents ne yahi risk lekar ek ghar khareed liya hota. Toh apke pass bi virasat mein apna ghar hota ..
            Kyuki duniya yeh puchti hai bhai ke apka ghar apna hai ya nhi , gadi hai ya nhi ..
            Yeh nhi puchti aap kitne holidays pr gye hai foreign ya apne kitna paisa movies dekhne mein kharch kia ya kitne ki FD kara rkhi hai ..
            Risk lene se hi insan aage badtha hai ..
            Risk toh jobs mein bi hai like america mein lakhon log unemployed hue recession mein toh kya yeh sochkar maa baap apne bachon ko padhana chhod dein kyuki ismein risk hai har 10 saal mein recession aajati hai ..
            agar life mein aage badhna ho toh risk lene padte hain bhaiji .. Aur fir yeh toh basic zaroorat hai roti , kapda aur makaan .
            Saurabh saab .. aap to laa jawab hai..

            On one hand you say that life is full of risk and then say 'a particular' investment is safer than the other.

            Fact of the matter is this.

            All those who bought properties at inflated prices , and they they are inflated prices ( builder ne ullu banaya), wish and pray that the prices go up and up. Again, if you are an end user, some solace, but investor, nahha ..

            So any logic which tells the prices are going to crash will make these people cringe.

            On the other hand people who want to buy a home want prices down. So they come up with the stats , theories that the prices will crash and crash big time. These are not investors . These are end users. Need a shelter but can not afford cos the prices are gone obscenely high. By any standard Indian RE is not very famous for value-for-money. Its like what is called 'Satta' in Gujarat.

            You know how the bookie system works in Cricket ? Indian RE is that. No more and no less. So the elevated prices annoy true buyers.

            Because these genuine buyers ( mostly salaried class) earned their money through grit and grind.

            Years of effort and hard work.

            Raaton raat .. price increased... what costed 20 lacs, suddenly 45 lacs.. oh my holy God. 25 lacs...and the only explanation they give or logic they provide is - RE is in demand.. and Bhaav badega..

            So it makes people angry .. 25 lacs is a lot of money. Even if you convert into US$, 50000 is lot of money even for the rich in the US.

            25 lacs.. sirf do teen saalon mein, bina kuch kare kiye badhaa diya.. no value addition ..nothing.

            How is it possible ? How did the price of a property shoot up so much without any thing additional ?

            In other countries, they add amenities to increase prices - like swimming pool, private transport, shopping store if nothing , some creche.

            I lived in the west so long that I can tell you, this all will come crashing like a pack of cards. There is absolutely no value for money.

            Fools pouring their hard earned money into the hands of greedy people without thinking. Simple.

            Comment


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

              Originally posted by sauravsbban View Post
              life is full of risk ..
              Risk lekar hi microsoft company bani , reliance , bani , wpro , arcelor , tata sabke business mein bohat sa risk involved hai .. Pr aaj woh itne bade insan hain kyuki unhone evaluated risk liya ..
              imagine agar apke parents ne yahi risk lekar ek ghar khareed liya hota. Toh apke pass bi virasat mein apna ghar hota ..
              Kyuki duniya yeh puchti hai bhai ke apka ghar apna hai ya nhi , gadi hai ya nhi ..
              Yeh nhi puchti aap kitne holidays pr gye hai foreign ya apne kitna paisa movies dekhne mein kharch kia ya kitne ki FD kara rkhi hai ..
              Risk lene se hi insan aage badtha hai ..
              Risk toh jobs mein bi hai like america mein lakhon log unemployed hue recession mein toh kya yeh sochkar maa baap apne bachon ko padhana chhod dein kyuki ismein risk hai har 10 saal mein recession aajati hai ..
              agar life mein aage badhna ho toh risk lene padte hain bhaiji .. Aur fir yeh toh basic zaroorat hai roti , kapda aur makaan .

              Microsoft risk lekar nahi banee. Microsft kisi ka PASSION ke oopar banee.. unhone .. kuch aisa tukka lagaa kar .. lottery ticket ( risk ) nahin liya. ..he has the passion and vision. thats how good things are made..

              duniya yeh bhee puchtee hai.. bhai itna mehnga ghar mein ( 50 lacs) rehte ho lekin aap ka bachche ka school itna cheap kyon hai ? aap monthly 15000 tution fee afford nahin kar sakte ho kya ?

              Duniya yeh bhee puchti hai. idhar itna badaa international hospital hai lekin aap oh door ka nursing home mein kyo jaa rahe ho ( kyon ki, international hospital ka visiting fee is 2000 rupees per visit).

              Then they will ask you where you send your kids for vacation in summer, what kind of TV you have. Do you have a dog.. so on..

              Agar aap fakenge to aap ki naukrani sab ko bataayegi.. ki..
              yeh aadmi idhar rehta hai itna bade ghar mein.. lekin andar se khokla hai..

              Now, that is risk. Aap.. chaddar ka baat kiya to mujhe yeh sab yaad aaaya..

              Comment


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

                Originally posted by sauravsbban View Post
                bhai petrol par se tax hata dena logon ke liye sahi hai but. Just think agar india mein tax ho hi na ..
                Kya aap aur mein milkr yeh metro banva sakte hain ? Yeh road banva sakte hain ?
                Yeh railway network chala sakte hain ?
                pani , sewage , electricity , law and order , national safety sabke liye paisa lagta hai bhai desh chalana aasan nhi ..
                hum chahte hain development bi USA ki tarah ho aur . Koi tax bi na dena pade bhia pranab mukharjee ke father ki mill thodi na chal rhi hain jo pure desh ko aone paison se chalyega ..
                tax system mein sudhar hona chahiye ..
                But main thing abi bhi jitna paisa ata hai agar usmein corruption ko 85-90% bi hatane. Mein succesful hote hain hum toh china humare aaspass bi kahin ni hoga growth mein ..
                for all your lind information logon ko lagta hai india mein hi sabse zyada taxes hain but aisa nhi USA , europe sabmein direct indirect tax milakr lagbhag itne hi hain ..
                But han wahan itni corruption nhi hai ..
                Risk lenewaale aur mandbudhi mein ek farak hai..

                mandbudhi ko maalum nahin ki woh kya kar raha hai.. he just follows every one without knowing his position. Every one saying... bhav bhadega bhav bhadega...( most of them brokers who lie twice in one setence) and this idiot follows them dreaming next year I will sell it for 30% profit. when it indeed increases to 30%, this idiot things it will go further.. and so on and it will reach a point where it can not go any further.

                That is where we are.

                Comment


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

                  Originally posted by Krazy Yuppie View Post
                  To curb black money in RE the circle rates should match the market rates.Still in most areas circle rates are about 40 percent of market rates.The registration fee in that case should be not more than 3 percent of circle rate.
                  Why everyone want to become RICH in 3 to 6 months??

                  Why people so much greedy in gurgaon??

                  Why people so much only depend on RE business???

                  Last 5 to 6 year rise in RE make people so much greedy and they are thinking this rise will never stop and they will keep on earning 100% profit every year from real estate business.

                  This is extremely dangerous situation.

                  Comment


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

                    Originally posted by monkatheart1 View Post
                    Risk lenewaale aur mandbudhi mein ek farak hai..

                    mandbudhi ko maalum nahin ki woh kya kar raha hai.. he just follows every one without knowing his position. Every one saying... bhav bhadega bhav bhadega...( most of them brokers who lie twice in one setence) and this idiot follows them dreaming next year I will sell it for 30% profit. when it indeed increases to 30%, this idiot things it will go further.. and so on and it will reach a point where it can not go any further.

                    That is where we are.
                    so can you give a tentative ratio of facts how many times and places RE prices crashed or depreciated vs +ve gains or returns on RE investment......?

                    2070 se pahle it's never going to crash

                    Comment


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

                      The prices are in bubble zone - that is sure and even the most optimistic agree on this. Question is when it will burst - next month or next quarter or AS LATE AS NEXT YEAR

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