Request to the to-be buyers & consumers - its festival time again for the next 3 months and builders/developers are hoping to clear their inventories at HIGH PRICES - this means the price will remain high for the next year to come - as even if they sell 25% in a project - they recover their costs....

So, my humble advice - to all - PLEASE DONT get sucked in by :

1. New offers such as agreement,car,parking FREE etc
2. New launches and pre-EMI by builers etc
3. Some Festive discount valid for first 20 buyers and for 15 days etc

All of these - AND similar are marketting GIMMICKS - if the BUYERS stay put now - for the next 3 months - they might get the SAME property at 10-20% less than whats available now ...

So, PLEASE DONT GET SUCKED IN --- AND GO AHEAD AND RENT !
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  • Kinwa duppat kimtila 30 Km laamb kya
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  • Originally Posted by puser
    Kinwa duppat kimtila 30 Km laamb kya

    Man, buy at Satara today. Expect Satara to be in PMC limits in next 3-5 yrs. Prices here will be then no less than INR 15,000/sq ft.:bab (24): Btw, as Pune will be part of Mumbai then, expect locals to run from Churchgate to Katraj :D.
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  • Originally Posted by realacres
    Man, buy at Satara today. Expect Satara to be in PMC limits in next 3-5 yrs. Prices here will be then no less than INR 15,000/sq ft.:bab (24): Btw, as Pune will be part of Mumbai then, expect locals to run from Churchgate to Katraj :D.



    Well who knows, some smart investors might actually buy this idea.:D:D
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  • I read in one of the other threads that NIBM/Kondhwa is a central area in Pune :bab (4): and the writer was very happy that she got a steal at 3043 PSF .
    If this is the situation then I dont see prices in Pune dropping . Prices have been held artificially held and speculated ; still there are end users who are buying at ANY rate that is demanded !
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  • Originally Posted by suryawork
    I read in one of the other threads that NIBM/Kondhwa is a central area in Pune :bab (4): and the writer was very happy that she got a steal at 3043 PSF .
    If this is the situation then I dont see prices in Pune dropping . Prices have been held artificially held and speculated ; still there are end users who are buying at ANY rate that is demanded !


    Then what you expect from a common buyer? Rate there is 3500 to 3800 psft. Shoba Carnation has rate of 4200 psft :bab (45):
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  • The hats game only works until the foolish exist, today it is the "common" man who thinks NIBM/Kondhwa is Central Pune.

    So, yeh, today people are just blind folded into RE, as they have money and they dont know how to use that money.

    In Marwaris -- we always say -- its not how much you earn -- its how much you can digest -- that makes you rich...

    Most "common" people DONT know how to DIGEST money...
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  • Why this year is not any advertisement for RE?
    Senesx is going to touch the new height. What would be the next RE rate?
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  • Originally Posted by Saurabh01
    Why this year is not any advertisement for RE?
    Senesx is going to touch the new height. What would be the next RE rate?

    Despite sensx going up, the RE scrips still remain below their IPO list price by as high as 73% is some cases!! Only godrej properties is in green.
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  • I think its festival time for job switching also ! Hope other US states don't follow OHIO outsourcing decision otherwise RE won't have HAPPY DIWALI !
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  • I understand the OHIO outsourcing decision was only for govt. IT outsourcing contracts!
    Not from the priviate companies...
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  • Originally Posted by pcpune
    The hats game only works until the foolish exist, today it is the "common" man who thinks NIBM/Kondhwa is Central Pune.

    So, yeh, today people are just blind folded into RE, as they have money and they dont know how to use that money.

    In Marwaris -- we always say -- its not how much you earn -- its how much you can digest -- that makes you rich...

    Most "common" people DONT know how to DIGEST money...


    Sahi Kiyu Bhaaya :D
    I remember, lots of Marwaris algthough had shops in central Mumbai, would travel daily all the way from far places like Malad, Bhayander and Virar (60 Km) to their workplaces. Money was in the business.

    You invest wisely, when you respect/value your money & profession.
    Most of young RE buyers have not seen bad-times financially.
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  • Pune RE costlier then US now

    Today's TOI property ads...

    Bungalow Abhimanshree Soc. Plot 5200 Builtup 2600 Cost 6.25 Crore
    Sind Soc. Plot 8400 ... 8 Crore.:bab (38):


    These Bungalow will not be comparable to any of the Bungalows in Chicago....but still they are costlier then US

    why all this ... just to deduce Pune RE prices are higher then US now Literally

    and considering Value for Money (Infra, safety, Schools, Transport etc) they are double then that of Chicago...

    Hope some IT Guys understand this logic ever...

    Basis for Choosing Chicago

    Chicago <=(less then or Equal to) Pune in RE prices


    http://www.realtor.com/realestateandhomes-detail/340-S-Anita-Street_Des-Plaines_IL_60016_1116457039
    315k = 1.5 Crore plot 6800 sf 4 BHK


    http://www.realtor.com/realestateandhomes-detail/681-Kenmare-Court_Des-Plaines_IL_60016_1119066583
    540K = 2.5 Crore Built up 3200 sf Plot 0.5 Acre

    http://www.realtor.com/realestateandhomes-detail/1454-W-Warner-Avenue_Chicago_IL_60613_1122027722
    2900K = 13 Crore Built up 7300 sf 6250 Plot 6 Bedroom 6 Miles from Sears Towers


    http://www.realtor.com/realestateandhomes-detail/20564-Bluestem-Parkway_Lynwood_IL_60411_1116366765
    270K = 1 Crore 3000 sf Built up 11500 sf Plot


    http://www.realtor.com/realestateandhomes-detail/9255-Tiffany-Lane_Fox-River-Grove_IL_60021_1120008789
    399K = 1.8 Crore Plot 10,000 sf 4 BHK


    http://www.realtor.com/realestateandhomes-detail/5021-W-Berenice-Avenue_Chicago_IL_60641_1122040147
    325K = 1.55 Crore Plot 4600 sf 4BHK


    W.O.W

    This is just to compare where we stand ..... how limited and blinded our views are ....

    Attachments:
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  • Originally Posted by frugality
    Today's TOI property ads...

    Bungalow Abhimanshree Soc. Plot 5200 Builtup 2600 Cost 6.25 Crore
    Sind Soc. Plot 8400 ... 8 Crore.:bab (38):


    These Bungalow will not be comparable to any of the Bungalows in Chicago....but still they are costlier then US

    why all this ... just to deduce Pune RE prices are higher then US now Literally

    and considering Value for Money (Infra, safety, Schools, Transport etc) they are double then that of Chicago...

    Hope some IT Guys understand this logic ever...

    Basis for Choosing Chicago

    Chicago <=(less then or Equal to) Pune in RE prices


    http://www.realtor.com/realestateandhomes-detail/340-S-Anita-Street_Des-Plaines_IL_60016_1116457039
    315k = 1.5 Crore plot 6800 sf 4 BHK


    http://www.realtor.com/realestateandhomes-detail/681-Kenmare-Court_Des-Plaines_IL_60016_1119066583
    540K = 2.5 Crore Built up 3200 sf Plot 0.5 Acre

    http://www.realtor.com/realestateandhomes-detail/1454-W-Warner-Avenue_Chicago_IL_60613_1122027722
    2900K = 13 Crore Built up 7300 sf 6250 Plot 6 Bedroom 6 Miles from Sears Towers


    http://www.realtor.com/realestateandhomes-detail/20564-Bluestem-Parkway_Lynwood_IL_60411_1116366765
    270K = 1 Crore 3000 sf Built up 11500 sf Plot


    http://www.realtor.com/realestateandhomes-detail/9255-Tiffany-Lane_Fox-River-Grove_IL_60021_1120008789
    399K = 1.8 Crore Plot 10,000 sf 4 BHK


    http://www.realtor.com/realestateandhomes-detail/5021-W-Berenice-Avenue_Chicago_IL_60641_1122040147
    325K = 1.55 Crore Plot 4600 sf 4BHK


    W.O.W

    This is just to compare where we stand ..... how limited and blinded our views are ....


    Pune's RE price bubble going to be burst soon!!!
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  • And since when US home prices became benchmark for India's home prices?

    Question is of affordability and need; not of evaluating whether US is cheap or India.
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  • difficult to understand the RE Mania

    Originally Posted by puser
    And since when US home prices became benchmark for India's home prices?

    Question is of affordability and need; not of evaluating whether US is cheap or India.



    For Undis US Brand
    For Cold drink US brand
    can you just count how many West brand one is surrounded with and compare with Indian Count
    Even what all Male Urbanites wear West brands .....

    Don't take it as sarcasm but that's now is reality.
    Why don't you go to office in your Ethnic/Traditional wear daily.
    why you wear Suit in Marriage while better halves go in Indian Dress.

    Except our food what Indian brand do we have in our homes?

    So why it is wrong to compare with US when 70% of ITg are working for a US company.


    Rationality says that your Boss/Owner/Employer/Client's of your firm will be richer then you

    But here RE prices are defying Gravity.

    our houses are costlier then Boss/Owner/Employer/Client's house


    Isn't that strange?

    Now that's new world order ... W.O.W

    affordability - Its more in US now ... whose affordability are we talking about? Its very less affordable in Indian Metros.

    And the need for Houses is so much that if one don't have a house he has to live in Tent or Hotel ?

    Where and which Indian City do we have such scenario? where you ask Movers and Packers to unload your stuff in a public park and you put up your Tent there ??? ...

    And those who live in tents ... we are never bothered to think that they are least humans....

    whose need are we talking about?
    50% of IT guys/Service class change jobs in 2/3 yrs
    Book now ... wait for 1 year for possession and Stay in for 1 year then change the city and put it on rent
    Do they really require Permanent homes....
    I think NO....

    the real needy (1.5 lakh to 3.5 Lakh earner) a good amount of them married are living in small accommodations
    Do you think they can afford a rent of 10 - 15 K and a house of 40L - 60L?
    Had not this been RE Mania/Insanity

    We must have got Beautiful Bungalow/ Row House/ Plot Colonies with lots of trees and a roof and a Garden of own and land which is there in 90% of the Indian Cities
    what to call them ... Big City FOOLS

    And no foolish reasons like safety, blah blah to disapprove that.....

    SO who is suffering the most .... the Greedy Buyer..... he got third class stuff at first class prices and making his life hell ....
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