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IT & Real Estate in Boom

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IT & Real Estate in Boom

Last updated: April 18 2011
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  • IT & Real Estate in Boom

    As per the history, whenever there is a downfall in IT market ; its immediately followed by fall in real estate prices and sharp correction.

    Impact is high on IT favourite areas.... Hinjewadi, Wakad, PS , Baner , Pashan , Balewadi......Kalewadi,

    IT seems to be doing good for year 2011. How can we expect downfall in Real Estate in current situation......?

    As long we have threads ...."i have 50 L and want to invest into pune real estate...."
    how flat prices will be controlled ?
  • #2

    #2

    Re : IT & Real Estate in Boom

    how many IT people r buying? any IT person said that they find prices affordable? IT person dont have same confidence on job security as he/she had in 2003-2006

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    • #3

      #3

      Re : IT & Real Estate in Boom

      Looking at employment forcast for 2011, we will have more no of new ppl joining the work force. Though the salary of mid-high level professinal will not increase much but there will be a wave of new ppl looking out for their own adobe.
      This is valid for sector like, IT, Manufacturing etc.
      This will bias the situation across the complete work force. So there will be a demand for affordable houses in the cities like Pune, Hyderabad etc.
      What I see, there will not be BOOM/DOOM situation but steady or no growth in rates for next 1 year.

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      • #4

        #4

        Re : IT & Real Estate in Boom

        in IT, the hottest jobs are in the 2 to 5 yrs experience range. Ppl hop and salaries increment at the rate of 30 - 40% per annum. Ppl take this as a guidance and think thats how the IT will pan for their entire life and land up taking huge loans

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        • #5

          #5

          Re : IT & Real Estate in Boom

          I seriously think that the Pune RE scene is a joke. And that too at the salaried classes' expense.

          Just when the rates were at an all time high in 2009, people thought, RE can never go down. INVEST!INVEST!INVEST!

          And then kaaaabooom! Recession hit. Though there wasnt a major correction in the RE scene in Pune, there were some jitters across the rest of the nation. That time, people thought, the rates will come down! down! down!

          And they did, across the nation. But not in Pune.

          So i wonder, why this sort of deviance only in Pune? One logic says that builders have enough cash reserves to see through the supposedly bad times. They have millked the consumers enough!

          The other logic says that, the even if these builders dont have sufficient reserves, as was the case with Unitech and DLF, who had defaulted on their EMIs to banks, they have good back ups in our politicians, who deftly manuever our tax money, and their black money into these porjects. We lose patience and fall into the trap.

          Sad hai boss!

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          • #6

            #6

            Re : IT & Real Estate in Boom

            Originally posted by kirunOnly View Post
            Looking at employment forcast for 2011, we will have more no of new ppl joining the work force. Though the salary of mid-high level professinal will not increase much but there will be a wave of new ppl looking out for their own adobe.
            This is valid for sector like, IT, Manufacturing etc.
            This will bias the situation across the complete work force. So there will be a demand for affordable houses in the cities like Pune, Hyderabad etc.
            What I see, there will not be BOOM/DOOM situation but steady or no growth in rates for next 1 year.
            Some say depression never ended......

            this just the booster shots showing its effect ... fading starts in few month....be ready for pain then...

            Party Like It's 1937



            deficit-depression-1937-barrons: Personal Finance News from Yahoo! Finance

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