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ITS OFFICIAL - Slump in realty sales hits brokers really hard

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ITS OFFICIAL - Slump in realty sales hits brokers really hard

Last updated: June 22 2011
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  • #91

    #91

    Re : ITS OFFICIAL - Slump in realty sales hits brokers really hard

    Originally posted by gaur_uni View Post
    sab time pass kar rahe hai hoga kya ye to kisi ko nahi pata..its future..no can predict it....correctly...but in long run things will go north ward only...its a fact....slowdown can be of 1 year 2 year...but not for ever....so buy it whenever have capacity to buy and for long term.....

    100% correct sir but invest for minimum 10 year .
    Garg

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    • #92

      #92

      Re : ITS OFFICIAL - Slump in realty sales hits brokers really hard

      Originally posted by pgarg6868 View Post
      Sir, You never get a flat Below Rs 3000 per sq ft under construction & Rs 3500 per sq ft RTM in any location of noida today or post span of two year or four year but it's true rate may be increase above this .

      If you see rate in the span 2006-2010 rate in noida sectors are not below +/-10% maxm the above rate it means above rates are lowest one in noida region.

      Maximum you book a loss of interest part if rate not move upward.
      Agreed... But Interest part of home loan is too much and if rate not increased a lot then it will make a big hole to the buyers. In simple words, if anybody take 30 Lac flat using home loan then at current 12% ROI buyers will pay approximately 15 Lac amount just in interest part during 4 years (I am saying 4 years because even if work is speedy then it takes 4 years in possession). So, after 4 years even if property rate of that flat is 35 Lac then still huge loss of 10 Lac after 4 years. Flat purchase is always good for own living but for investment think several time before purchasing, good option are there in NCR where you can get more rate appreciation than Home Loan ROI but it require deep studies always.

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      • #93

        #93

        Re : ITS OFFICIAL - Slump in realty sales hits brokers really hard

        You also forgetting that you yourself is staying at that house. So factor in RENT as well.

        Anyway, living in one's own house is not something tangible or quantitative. How do you define VALUE of 170 cr house that was sold just few days back?

        Ask your little kid how does he/she feel to change his/her friend circle every year ...

        Not everything in life is a book of Profit & Loss. You need a house, you will buy it irrespective of CRASH or BOOM..... whether your decision is right or wrong? you will only know when you actually sell your house.

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        • #94

          #94

          Re : ITS OFFICIAL - Slump in realty sales hits brokers really hard

          Absolutly agree with G-harondabhai......

          First thing, a person buy a house for 2 reasons....either he/she needs it for self use or they have surpulus money to be invested somewhere.....

          Now if you are purchasing for self use, it doesn't matter if your 30 lakh have become 50 lakh, 80 lakh or remained 30 lakh.....it is only a self satisfaction, till you are going to sell it, which logically you will not do in a 4-5 years time......

          If you have surplus money, then again this loan interest part will not come up......if you are short term investor then sell it when you are getting a decent profit......if someone needs home loan for investment, then I would suggest they should not go for a house for investment and if still you want to invest in real estate by taking home loan, look for long term, may be some 8-10 years.....because in the first 6-7 year person will come at par in terms of Interst payed and the Price increase of the property..... from 8th year onwards the profit will start coming in......

          And trust me real estate investment has never failed anyone, not in the NCR region atleast.

          cheers,
          Amol.

          Originally posted by ondabhai View Post
          You also forgetting that you yourself is staying at that house. So factor in RENT as well.

          Anyway, living in one's own house is not something tangible or quantitative. How do you define VALUE of 170 cr house that was sold just few days back?

          Ask your little kid how does he/she feel to change his/her friend circle every year ...

          Not everything in life is a book of Profit & Loss. You need a house, you will buy it irrespective of CRASH or BOOM..... whether your decision is right or wrong? you will only know when you actually sell your house.

          Comment

          • #95

            #95

            Re : ITS OFFICIAL - Slump in realty sales hits brokers really hard

            Originally posted by saurabh2011 View Post
            Agreed... But Interest part of home loan is too much and if rate not increased a lot then it will make a big hole to the buyers. In simple words, if anybody take 30 Lac flat using home loan then at current 12% ROI buyers will pay approximately 15 Lac amount just in interest part during 4 years (I am saying 4 years because even if work is speedy then it takes 4 years in possession). So, after 4 years even if property rate of that flat is 35 Lac then still huge loss of 10 Lac after 4 years. Flat purchase is always good for own living but for investment think several time before purchasing, good option are there in NCR where you can get more rate appreciation than Home Loan ROI but it require deep studies always.
            Sir, purchase a flat for a period of 10 /15 year period than calculate interest part than you are not in loss anywhere in the world if some one have calculation of 15 year of any location than please put the details .
            Garg

            Comment

            • #96

              #96

              Re : ITS OFFICIAL - Slump in realty sales hits brokers really hard

              Originally posted by silly_boy20
              if still you want to invest in real estate by taking home loan, look for long term, may be some 8-10 years.

              wishful thinking - or leveraging - this looks great on excel sheet but look what happened in US and Japan - Home loan is only good if you have alternate means to service it - like rental income or business income from somewhere other than your day job
              sir,

              calculate cost + interest for 10/15 period in U.S/Japan I think you are not in loss in any period
              Garg

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