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Futility of a 2nd House when not for END USE..

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Futility of a 2nd House when not for END USE..

Last updated: June 3 2017
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  • #11

    #11

    Re : Futility of a 2nd House when not for END USE..

    Yes Grenoite ,your first three sentences convey exactly the same information as my 5 conclusions , another thing i want to add very strongly to the above is that buy ONLY RTM .

    Comment


    • Grenoite
      Grenoite commented
      Editing a comment
      Yes sir, its best to buy Under construction but if someone wants easy payment and more chance of appreciate then one has no choice but to buy Under construction and best to buy from good builders

      ready to move, one have to pay 100%, but in under construction easy Payment options

      Also flat and shops are different

      Sir in flats, Many good location in society and good location depend from person to person but in retail shops, everyone knows good location and they are limited in number

      I wanted to buy shop for myself, but in ready to move only option i got was not less than 17000 per sqft and that also i was not getting my best choice location, this is after months of running around

      So when i got opportunity to buy Under construction from a Reputed builder at much low rate and the best location, i buy under construction (i buy in paras one33 commercial)

      of course the pricing was most important also, from the lowest price for little inferior location shop in ready to move i was getting 25% less price

      From the ready to move, nearly as good best location in project shop i was getting discount of 35% discount (20,000 psf in ready to move and i got 12800 psf in Under construction) and that too in 50-50 Plan, means i pay 50% now and balance near possession which is 3 years away

      So Sir, from the little experience i have, i think, if one gets reputed builder and under construction and good rate, But very important at good discount rates from ready to move, then for appreciate , best choice and relax payment its better go for under construction

      But if no good discount, then it make no sense, and thats why one has to see everything
  • #12

    #12

    Re : Futility of a 2nd House when not for END USE..

    Dear friend no doubt in real estate theory, if supply increases price is bound to fall or remain stagnant. But this will be a temporary phenomenon, since after every few years new generation of youngsters; investors will come to bridge the gap of demand and supply. This will not only streamline price but we may see surge on price also. But this will happen once all delivered societies are majorly filled, considering the present speed of builders after Yogi and RERA effect, within two to three years time approx 70% old projects be delivered. Thereafter we may expect greater upward trend in price and rental income.

    Comment


    • pkdch0101
      pkdch0101 commented
      Editing a comment
      NO ................nalinc , Unfortunately for real estate the supply NOW and in the NEAR FUTURE at least for the next 15 years is endless. Even if we do not see any new launches after today ( again impossible)..............even then the inventories that will pile up in this region will be sufficient to cater for the next 7 to 8 years AND YOU YOURSELF KNOW that most of the land lying barren at present on expressway ( > 15 kms ) that has been sold to builders will see a lot of new launches............The only thing that can stop new launches is if the builders develop some sanity and return the land back to NOIDA AUTHORITY like Jaypee and Unitech have done.
      Best Regards
      Last edited June 2 2017, 12:03 PM.

    • caplayer2012
      caplayer2012 commented
      Editing a comment
      15 years > No way


      FACTS ::-

      What is the population of NCR?

      Approx 5.5 Crore

      How many no of units will be delivered in next three years?

      4 lacs > 5 lacs > 8 lacs no of flats OR 16 lac >20 lacs > 32 lacs no of residents will resides in theses units

      What will be the population Growth Rate in NCR?

      8% to 10% MEANS 40 lacs new Residents will add every year

      After RERA/LAND acquisition policy etc further launching will remain very difficult

      PKDCH : Reply with your assumptions behind your comment...
      Last edited June 2 2017, 01:02 PM.
  • #13

    #13

    Re : Futility of a 2nd House when not for END USE..

    Good question and these are not assumptions but facts. You could have googled the same and got your answer..........in particular have a look at the 2nd link.

    NEW DELHI: Levels of unsold inventory in the residential and commercial real estate segments have risen to between 18% and 40% in different cities with the maximum unsold stock lying in the Delhi NCR over the last one year, according to a new study by industry body Assocham

    Read more at:
    http://economictimes.indiatimes.com/...campaign=cppst


    NOIDA: In what is being projected as the worst sales performances ever, the Mumbai office of UK based real estate analysts and researchers Knight Frank, in their recently released report: India Real Estate, have stated that Delhi-NCR is sitting on an inventory pile up of 2,00,398 apartment units. It predicts that it could take four years to push these unsold properties off the shelf. All sales figures were collected by Knight Frank from builders.

    Read more at:
    http://timesofindia.indiatimes.com/c...w/53103681.cms


    Delhi-NCR had the highest unsold stock in the first quarter of 2016-2017 with as many as 2.65 lakh unsold housing units followed by Mumbai with 2.40 lakh units, says a new report. New launches under the affordable category in Gurgaon led to increased supply in the micro market which i also led to an increase in the number of unsold apartments.

    Read more at:
    http://www.hindustantimes.com/real-e...6gZ1i0VWP.html
    Last edited June 2 2017, 05:21 PM. Reason: news format

    Comment

    • #14

      #14

      Re : Futility of a 2nd House when not for END USE..

      Originally posted by pkdch0101 View Post
      Good question and these are not assumptions but facts. You could have googled the same and got your answer..........in particular have a look at the 2nd link.

      NEW DELHI: Levels of unsold inventory in the residential and commercial real estate segments have risen to between 18% and 40% in different cities with the maximum unsold stock lying in the Delhi NCR over the last one year, according to a new study by industry body Assocham

      Read more at:
      http://economictimes.indiatimes.com/...campaign=cppst


      NOIDA: In what is being projected as the worst sales performances ever, the Mumbai office of UK based real estate analysts and researchers Knight Frank, in their recently released report: India Real Estate, have stated that Delhi-NCR is sitting on an inventory pile up of 2,00,398 apartment units. It predicts that it could take four years to push these unsold properties off the shelf. All sales figures were collected by Knight Frank from builders.

      Read more at:
      http://timesofindia.indiatimes.com/c...w/53103681.cms


      Delhi-NCR had the highest unsold stock in the first quarter of 2016-2017 with as many as 2.65 lakh unsold housing units followed by Mumbai with 2.40 lakh units, says a new report. New launches under the affordable category in Gurgaon led to increased supply in the micro market which i also led to an increase in the number of unsold apartments.

      Read more at:
      http://www.hindustantimes.com/real-e...6gZ1i0VWP.html
      Read carefully - 15 Year is no where?


      Over 2 lakh apartments unsold in Delhi-NCR; may take 4 years to be picked up: Knight Frank



      Delhi-NCR has highest unsold housing inventory: Assocham Delhi-NCR stuck with 2.64 lakh unsold homes



      Are you PKGANDHI??
      Last edited June 2 2017, 05:22 PM. Reason: news format in quote

      Comment


      • pkdch0101
        pkdch0101 commented
        Editing a comment
        I fail to understand why people launch personal attacks if and when they do not agree with something ..............a mentality that needs to change . Please read the post carefully .......these unsold inventories were there in 2016 and were enough for Delhi NCR till 2020 ...........BUT have there not been any launches after that , have builders not announced more projects in 2016 / 2017 , Will builders not announce any more projects from 2nd June 2017 ............Unfortunately People have started replying for the sake of replying WITHOUT thinking...........you can agree with me or disagree with me but you asked me for FACTS and i gave them to you.
    • #15

      #15

      Re : Futility of a 2nd House when not for END USE..

      Originally posted by pkdch0101 View Post
      Good question and these are not assumptions but facts. You could have googled the same and got your answer..........in particular have a look at the 2nd link.

      NEW DELHI: Levels of unsold inventory in the residential and commercial real estate segments have risen to between 18% and 40% in different cities with the maximum unsold stock lying in the Delhi NCR over the last one year, according to a new study by industry body Assocham

      Read more at:
      http://economictimes.indiatimes.com/...campaign=cppst


      NOIDA: In what is being projected as the worst sales performances ever, the Mumbai office of UK based real estate analysts and researchers Knight Frank, in their recently released report: India Real Estate, have stated that Delhi-NCR is sitting on an inventory pile up of 2,00,398 apartment units. It predicts that it could take four years to push these unsold properties off the shelf. All sales figures were collected by Knight Frank from builders.

      Read more at:
      http://timesofindia.indiatimes.com/c...w/53103681.cms


      Delhi-NCR had the highest unsold stock in the first quarter of 2016-2017 with as many as 2.65 lakh unsold housing units followed by Mumbai with 2.40 lakh units, says a new report. New launches under the affordable category in Gurgaon led to increased supply in the micro market which i also led to an increase in the number of unsold apartments.

      Read more at:
      http://www.hindustantimes.com/real-e...6gZ1i0VWP.html
      15 years > No way


      FACTS ::-

      What is the population of NCR?

      Approx 5.5 Crore

      How many no of units will be delivered in next three years?

      4 lacs > 5 lacs > 8 lacs no of flats OR 16 lac >20 lacs > 32 lacs no of residents will resides in theses units

      What will be the population Growth Rate in NCR?

      8% to 10% MEANS 40 lacs new Residents will add every year

      After RERA/LAND acquisition policy etc further launching will remain very difficult
      Last edited June 2 2017, 05:23 PM. Reason: news format in quote

      Comment

      • #16

        #16

        Re : Futility of a 2nd House when not for END USE..

        I fail to understand why people launch personal attacks if and when they do not agree with something ..............a mentality that needs to change . Please read the post carefully .......these unsold inventories were there in 2016 and were enough for Delhi NCR till 2020 ...........BUT have there not been any launches after that , have builders not announced more projects in 2016 / 2017 , Will builders not announce any more projects from 2nd June 2017 ............Unfortunately People have started replying for the sake of replying WITHOUT thinking...........you can agree with me or disagree with me but you asked me for FACTS and i gave them to you
        I have written this thread for End Users ............and I request everyone to show their dissent even if they have one in a manner consistent with Politeness and humility
        Last edited June 2 2017, 03:27 PM.

        Comment

        • #17

          #17

          Re : Futility of a 2nd House when not for END USE..

          Originally posted by pkdch0101 View Post
          Dear everyone , I live in South Delhi and have been searching for a 2nd house ( plot / villa / apartment ) ever since my home loan got over 3 months back . I have searched and analysed Noida Expressway , YEW , GN , NE and would like to share my conclusions and analysis with you

          Conclusion No 1 . With so many stalled projects that are behind schedule / unlikely to get delivered / delivered with a pathetic construction quality/ those that have been delivered but are struggling to get COMPLETION CERTIFICATE .............it does not make sense to invest in UC Property IRRESPECTIVE of the builder and RERA

          Conclusion No 2. The prices have shown a correction over the last 4 years , Forget about the price hike there has been a correction of anything between 5 to 20%...........with so many more apartments that are to be delivered in the near future and many more to be launched........these regions are highly highly unlikely to give any positive returns on INVESTMENT

          Conclusion No 3. I was inclined to buy a house and shift at A SUITABLE TIME after leaving the current house like some of my friends have done...........however what i realised and saw was that their flats quality had deteriorated over time AND the same flat"s price (at which they had bought) had gone down further.

          Conclusion No 4. The rentals that these houses and apartments fetch are INSIGNIFICANT ( For example the HIG Independent houses with a Price tag of 1.4 Cr behind ATS Corporate office is available at 12 k for rent ) so the old theory of purchasing a flat and funding a portion of EMI through that rent does not come into the picture.

          Conclusion No 5 . Builders in their greed have launched projects at sites that have NOTHING at present . Usually when a new area is taken up for development , there is a locality / neighbourhood within a few kms that has everything ( hospitals / markets / malls / schools / jobs / employment/ Public transport ) and people are willing to travel 3 to 4 kms to save money of buying an expensive house...............this is exactly the reason why NE came up well and got occupied immediately .............BUT as far as Noida Ex Way is concerned ..............I dont see any sense in going beyond sec 143..................People will say that travelling on these expressways is easy and fast but there is practically nothing beyond sec 143 at present till you reach GN / Pari chowk. All these areas in sec 150 / 152 / YEW have been developed in ANTICIPATION of development that is ABSENT PRESENTLY in the more Proximal sectors ( Sec 143 for 150 ..........sec 150 for YEW)................Brokers and Builders have made a lot of promises regarding the development of these areas over the last 10 years BUT the reality is in front of everyone

          After 3 months of hard work and a lot of visits to these regions I dropped my decision to INVEST in a 2nd HOUSE...........My advice to all my dear friends would be to analyse the same and buy (1) ONLY a RTM Property and that too (2) ONLY When you plan to shift (3) Definitely NOT for INVESTMENT.

          Regards
          +1

          Very Honest Review!!!

          Comment


          • pkdch0101
            pkdch0101 commented
            Editing a comment
            Thank you dear and i hope it turns out to be useful and beneficial both in terms of money and knowledge for everyone who is planning to purchase a property in this region
        • #18

          #18

          Re : Futility of a 2nd House when not for END USE..

          Most of societies where poss offered in 2016 are 85%+ occupied.137,,77,74,78.

          Comment

          • #19

            #19

            Re : Futility of a 2nd House when not for END USE..

            Just wait 6-8 months most of expressway societies near metro corridor fully or 80% occupied where Poss offered?
            Last edited June 3 2017, 09:18 AM.

            Comment

            • #20

              #20

              Re : Futility of a 2nd House when not for END USE..

              With due respect to all your views , opinions and forecast ; try to look at the other side of the coin.....................a good occupancy of 80% , 85% or even 90% in these well connected sectors 7X , 13X , 143 or in Gaur City / Cherry County DOES NOT give a good forecast especially for the sectors that are distal to these areas....
              Reasons
              1. Assuming an average of 100 to 120 flats per acre for these high density projects which are 80 to 90 % occupied after 1 to 2 years of delivery means that for an average 18 to 20 acre Project ( having > 1800 flats ) , a whopping 200 to 300 flats are still lying vacant in each of these project in these WELL CONNECTED , DELIVERED societies. Even with a modest assumption of 5 to 6 projects per sector....................this translates to more than 1000 unsold OR unoccupied flats / sector even after 5 to 6 years of them being put up for sale / occupancy ( That is a high number )
              2. Just imagine the state of societies and sectors that are / will be distal to these areas.............for example Paramount Golf Forest in GN was launched way back in 2010 / 1011 and got delivered last year..... Out of the 1850 units / villas that it has only 600 to 700 are occupied even after 1 to 1.5 years of delivery translating into an occupancy of around 40%. The occupancy of sectors distal to those in 137 , 7X in NOIDA and distal to Gaur City and Cherry County is and will always be lower than these Better connected sectors
              3. The present launches are not Projects but Townships ..............Gaur Yamuna City ( 250 acres) , ATS in YEW ( 100 acres ) , ATS in sec 150 ( 125 acres )......imagine if 10 to 15 % inventories are still lying vacant in these well connected SMALL projects that have been mentioned in the earlier posts after 6 years of launch what will happen to these townships with 10 times the inventories due to come up in the next 5 years........does that portray a rosy picture for Real estate especially in these REMOTE areas ?

              You are free to agree OR disagree , I have only enlisted my views.
              Last edited June 3 2017, 11:01 AM.

              Comment

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