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Who the hell is buying in Gurgaon

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Who the hell is buying in Gurgaon

Last updated: December 31 2012
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  • Re : Who the hell is buying in Gurgaon

    if someone has read all these what u all think ?

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    • Re : Who the hell is buying in Gurgaon

      Originally posted by chirag09 View Post
      Yaar Ansh,

      What type of schools are you referring to when you quote 6-10 lacs? Are these similar to ones promoted by the famous man with pony tail ?!
      Lagta hai iref pe Harvard wale bhi aa Gaye hai - kuch tips hame bhi dena

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      • Re : Who the hell is buying in Gurgaon

        rohit bhai ye harvard nahi hogwarts waale hain .. hat se rabbit nikalne ki tip chahiye to bolo

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        • Re : Who the hell is buying in Gurgaon

          The level of arguments going on here is distracting from the main issue. Leave the B-schools aside we can't even expect such arguments from a graduate of a normal school.

          Are we really educated in the true sense? I doubt.

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          • Re : Who the hell is buying in Gurgaon

            some recent anecdotal instances of buying/selling:

            - one of my friend's NRI brother (Dr) bought an apartment in vatika city last week at Rs 9000 psf. Vatika city is RTM on the junction of GCX and Sohna road. total tranx amount ~Rs 2 cr
            - one of my friends tied up with a builder to build floors on his plot in pitampura. it is G (stilt parking) + 4 on 185 sq yards and still under construction. One floor has been sold so far. it was sold 2 months back for Rs 2.7 cr. Overall the market for floors is soft in Delhi with few buyers
            - i had bought an UC 4bhk apartment in palm drive palm terraces in April last year. i bought at 6100 psf and i got a call from a broker yesterday to sell at 7500 to a "confirmed buyer". Of course, knowing gurgaon brokers, there's no guarantee that the broker had a buyer
            - one of my friends (runs a factory just outside Delhi) bought a 2900 sq ft apartment in DLF Capital Greens III for around Rs 15000 psf (inclusive of PLC) 8 months back. he could have bought in South Delhi also with his budget but he wants to live in NW Delhi to be nearer to his factory

            i am not being a bull or bear, just stating some deals that I know of.
            Last edited December 29 2012, 05:05 PM. Reason: added a deal

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            • Re : Who the hell is buying in Gurgaon

              an-nov home sales in mumbai signal sharp recovery

              Mumbai is not subscribing to all the theories of our bubble burst friends and as per them that was the first market to tank , let us wait for Gurgaon data and till then let the theories go on and on. Let us see if it is price correction, price crash as per our bubble theorist for which we are being adviced to keep it warm or price upswing . One lesson in life never time the market if you are a long term / less leveraged player .



              Jan-Nov Home Sales In Mumbai Signal Sharp Recovery - GurgaonScoop
              Last edited December 29 2012, 08:00 PM.

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              • Re : Who the hell is buying in Gurgaon

                The year saw an improvement in the quality of home loan borrowers

                as per this report the quality of home loans have drastically improved and our bubble burst theorist keep on predicting disaster awaiting around the corner, of course without much data to support .




                The year 2012 was in many ways a watershed year as far as the home loan market is concerned. What affected the residential sector the most was the slowing demand due to rise in property prices and high interest rates.
                When one looks back at 2012, one finds that concerted efforts were made by public sector banks to add to the already formidable muscle power of the State Bank of India. SBI has clearly become the price warrior in the home loan market with rates as low as 10%. Other PSU banks have also made an aggressive pitch for home loan consumers which is good for the overall development of the market.

                The other big development of 2012 is the improvement in the quality of the home loan borrowers. Today, 63% of the total customers to whom home loans were disbursed have been given CIBIL scores of 800-plus which is up from 23% in 2010 (Source: CIBIL).

                With the spread of customer awareness on credit rating and its impact on their ability to get loans in the future, they have realised that maintaining a good track record is absolutely essential. This has led to the improvement in the overall quality of the home loan book and in turn attracted more lenders. The trend is only going to continue in 2013.

                The other big thing has been that given the increase in the risk weightage, banks have been circumspect about lending to developers, or even providing home loans to consumers, for projects under construction. This is clearly putting pressure on the developers as availability of finance whether through the home loan consumers or directly from the lenders has been reduced significantly. This is expected to weed out weaker developers. The trend is likely to intensify in 2013.

                Home Loan Market 2012: A Watershed Year - GurgaonScoop

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                • Re : Who the hell is buying in Gurgaon

                  professor emeritus of harvard for economics says indian economy is going to come back soon

                  Professor ji to positive hain, unke harvard ke students is forum me unse bade dukhi honge ki kya keh diya. Indian economy to doob rahi hai / doob gayi hai.

                  --------------------------------------------------------------------

                  Martin Feldstein: 2013: India's second wind
                  Martin Feldstein explains why the Indian economy is going to come back, and soon
                  ( The writer is an emeritus professor of economics at Harvard.Project Syndicate 2012 )

                  The Indian economy is coming back. After several years of disappointing performance, the authorities are shifting to policies aimed at boosting the annual growth rate closer to the roughly nine per cent level that India achieved from 2004 to 2008.

                  That wont be easy. India has many handicaps and lacks many of the things that are needed to sustain rapid growth.
                  Although India has outstanding universities and technological institutes, the primary education system is disastrously poor. The caste system and labour laws prevent an efficient labour market. The policy of quotas for lower castes and for members of certain scheduled tribes affects educational institutions and government employment. Populist policies that transfer scarce budget funds to hundreds of millions of rural men and women end up encouraging them to withdraw their labour services, driving up wages and undermining international competitiveness.

                  True, bureaucratic rules are not nearly as constraining as they were during the pre-1991 license raj. But business activity remains bogged down by myriad restrictions and a frustratingly slow judicial system, which, together with a complex system of price subsidies, encourage widespread corruption at every level of government.

                  Moreover, Indias infrastructure is inadequate for a modern economy. With too little electricity, blackouts are common. Ports are inefficient, roads are congested, and traffic is astonishingly chaotic.

                  And, while India urgently needs to reform its tax system, spending policies and regulation, political change is difficult in a multiparty federalist democracy of 1.2 billion people spread over a large subcontinent. The current government is a fragile multiparty coalition. The Congress party leads the government, but lacks a majority in both chambers of Parliament. Coalition infighting and the prospect of a national election in 2014 further complicate efforts to enact reform legislation.

                  And yet, despite everything, Indias economy did record roughly nine per cent growth for several years, and even now is growing by nearly six per cent annually, behind only China and Indonesia among major economies.

                  One key to Indias economic success is a large population of technically educated entrepreneurs, who are creating new companies and building a modern middle class. A high rate of private saving and strong inflows of capital from abroad have supported investment in plant and equipment. The Indian states have substantial policy discretion and often compete to attract businesses and achieve rapid economic growth.

                  The main ingredient needed to achieve faster sustained growth is increased investment. Reducing the budget deficit by limiting government spending and combating a culture of tax avoidance will increase total domestic savings available to invest. Convincing foreign direct investors that India is a reliable destination will increase the inflow of long-term funds.

                  Fortunately, the recent threat of a downgrade of Indias sovereign credit rating which would have made it difficult to finance the current account deficit has led to a government reshuffle and a shift in policies. The key political change was the appointment of a new finance minister, Palaniappan Chidambaram, whose selection by Prime Minister Manmohan Singh and Congress party leader Sonia Gandhi sent a strong positive signal to the Indian business community and to financial markets.

                  Mr Chidambaram, a Harvard-trained lawyer who has held the finance portfolio twice before, is committed to increasing growth and to adopting pro-market policies. He knows what needs to be done and is pushing his political colleagues to do it.

                  One sign of progress is that a new Cabinet committee, chaired by Dr Singh, will review large private investment projects that have been held up by regulatory issues or other legal barriers. Breaking this logjam will be important, both in itself and for the message that it conveys to domestic as well as foreign investors.

                  Likewise, Indias recent decision to allow large foreign retailers like Walmart to enter the market reflects an encouraging change of attitude that is important beyond the specifics of the particular firms that will now come to India. And legislation will soon create the opportunity for expanded foreign ownership in the financial sector.

                  On the fiscal front, the shift from a complex system of state-level indirect taxes to a national goods and services tax (a type of value-added tax) will improve efficiency and raise revenue. Lowering the subsidy for diesel fuel was politically difficult, but will reduce both the fiscal deficit and excessive use of diesel products.

                  Government investment in infrastructure, both alone and in partnership with private firms, will also directly benefit growth and attract larger inflows of foreign investment.

                  Finally, the remarkable plan to enrol every Indian adult in a programme using fingerprint identification as a substitute for bank debit cards will allow more efficient distribution of funds to poor villagers and the urban poor. More than 300 million Indians have already been enrolled.

                  All of this is an enormous undertaking one that confronts innumerable potential impediments, both economic and political. But I am betting that India is rising again: millions more will be lifted out of poverty in the coming years, while the increasingly prosperous Indian middle class will expand further.

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