Announcement

Collapse
No announcement yet.

Is it the right time to buy a house?

Collapse
X
Collapse

Is it the right time to buy a house?

Last updated: June 30 2011
52 | Posts
  • Time
  • Show
Clear All
new posts
  • #31

    #31

    Re : Is it the right time to buy a house?

    Originally posted by anilsrikanti View Post
    Hello Frends..

    Please suggest me as iam in a big diellemaa to buy a house or not...(PUNE)..

    I have finalised a flat in kharadi for 42 lcs...(1250sqf)

    KOlte patil--hinjwadi-2800per squarefeet..

    Please guide whether to go ahead or wait for the correction...
    Hi Friend,

    I think you should first get yourself that how long will it take to get completed and search online for the price quote.
    www.**************

    Comment

    • #32

      #32

      Re : Is it the right time to buy a house?

      snchika..
      i dint get ur point..pl. elaborate lil more.

      thanx
      mintee

      Comment

      • #33

        #33

        Re : Is it the right time to buy a house?

        All the Experts here,

        First of all Sorry for this long post.

        My cousin is based out of US (Calif), and he was planning to buy a house there. But looking at the current housing market scenario in US, he decided not to go ahead with that. Now he is thinking to invest it in Indian real estate market (Pune). He did inquire abt few Projects in Kharadi (Marvel, Vason, Kolte Patil etc) and for 3 BHK these guys are quoting around 85-90L. He can put more than 50% as down payment and go for small amount of loan.

        So here are the questions:

        1. Is this a good Time to invest in Indian (Pune) real estate market?
        2. Is Kharadi area worth of investing close to 90L?
        3. He is not sure what is the best way to invest money he has. Every traditional investment instruments looks risky and already reached to new highs.
        (Equities/RE/Gold/Silver).
        4. Any other idea of investing around 50-60 L are welcome.

        Thanks

        Comment

        • #34

          #34

          Re : Is it the right time to buy a house?

          Originally posted by ashm03 View Post
          All the Experts here,

          First of all Sorry for this long post.

          My cousin is based out of US (Calif), and he was planning to buy a house there. But looking at the current housing market scenario in US, he decided not to go ahead with that. Now he is thinking to invest it in Indian real estate market (Pune). He did inquire abt few Projects in Kharadi (Marvel, Vason, Kolte Patil etc) and for 3 BHK these guys are quoting around 85-90L. He can put more than 50% as down payment and go for small amount of loan.

          So here are the questions:

          1. Is this a good Time to invest in Indian (Pune) real estate market?
          2. Is Kharadi area worth of investing close to 90L?
          3. He is not sure what is the best way to invest money he has. Every traditional investment instruments looks risky and already reached to new highs.
          (Equities/RE/Gold/Silver).
          4. Any other idea of investing around 50-60 L are welcome.

          Thanks
          If your cousin is looking for 5 yrs holding time then go ahead and buy ready to move in apartment in kharadi, Magarpatta City and Hinjewadi (all near by areas) area.

          Don't buy these high end apartments as these are not easy to sell. Since he can afford around 50 lakhs down payment then buy any ready to move in close to EON IT park.Also he can buy a ready to move in Row House.

          My favorite would be Magarpatta City. It is a functional township, lot of new inventory is coming up even the Magarpatta city is selling the new 3 and 4 bhk apartments.

          Comment

          • #35

            #35

            Re : Is it the right time to buy a house?

            Originally posted by mintee View Post
            snchika..
            i dint get ur point..pl. elaborate lil more.

            thanx
            mintee
            Hi Mintee,

            I just want to convey that before finalizing any deal,its essential to check the details present online. Almost every information is available on real estate property.
            www.**************

            Comment

            • #36

              #36

              Re : Is it the right time to buy a house?

              ashm03, please check your PM

              Comment

              • #37

                #37

                Re : Is it the right time to buy a house?

                Originally posted by ashm03 View Post
                All the Experts here,

                First of all Sorry for this long post.

                My cousin is based out of US (Calif), and he was planning to buy a house there. But looking at the current housing market scenario in US, he decided not to go ahead with that. Now he is thinking to invest it in Indian real estate market (Pune). He did inquire abt few Projects in Kharadi (Marvel, Vason, Kolte Patil etc) and for 3 BHK these guys are quoting around 85-90L. He can put more than 50% as down payment and go for small amount of loan.

                So here are the questions:

                1. Is this a good Time to invest in Indian (Pune) real estate market?
                2. Is Kharadi area worth of investing close to 90L?
                3. He is not sure what is the best way to invest money he has. Every traditional investment instruments looks risky and already reached to new highs.
                (Equities/RE/Gold/Silver).
                4. Any other idea of investing around 50-60 L are welcome.

                Thanks
                If it is for investment, then avoid Pune, Mumbai & NCR.
                Better to look at H'bad, Chennai.
                If you are happy, you are successful.

                Comment

                • #38

                  #38

                  Re : Is it the right time to buy a house?

                  Do you think Hyd with Telengana agitation will go up in the years though Chennai is definitely a good bet versus Pune if the investor has roots and local connections. I have friends who own apartments in Dallas and live in other locations and it is a pain to manage it sitting remotely

                  Comment

                  • #39

                    #39

                    Re : Is it the right time to buy a house?

                    Thnx so much guys .

                    Manish76, are you aware of any good ready to move-in apartments in Kharadi area? Kharadi seems to be best option available in Eastern side of Pune. Magarpatta all new Apatrments are in the range of 1 Cr +. Kharadi seems to have more appreciation potential than Magarpatta (I may be wrong here).

                    realacres, you are right. Pune/Mum/NCR are definitely over-valued. Only problem here is, his objective of both Investment (for next 5-6 years) and then if required to use for self. So Pune is the only option he has.

                    Comment

                    • #40

                      #40

                      Re : Is it the right time to buy a house?

                      Gera Emarald, Kumar Primerose and Ganga Constella are ready to move in and very close to EON IT Park. I guess these are good for investment and end use if working in EON.

                      There is not a great difference in rates of Kharadi and Magarpatta. Gera Emarald(2 bhk 1250 sq ft) Costs 45 lakhs(base price) and Magarpatta IRIS (2bhk 940sq ft) costs 44 lakhs (base price).

                      Off course, if you look only at the apartment but then Gera is better and bigger but the all those facilities not amenities which Magarpatta provides like Markets, Schools, Restaurants, Parks, Doctors, Banks, Travel Agents, well maintained roads and landscaped pavements, play ground for kids, IT Companies, high rental (Gera is 10k, i am paying 13 k) and upcoming Mall and Movie Theater in township, make Magarpatta a better bet than kharadi. But no one can predict the RE prices in India.

                      Reason is that the Builder lobby via property dealers and News paper articles are advertising Kharadi beacuse of large number of projects going on there.

                      I visited Everglade in Kharadi and was quoted Rs 3500/Sq Ft in March 2011. Now this weekend's Times Property is listing the Base price in Kharadi to be Rs 3850/Sq ft. Everglade is still not sold out and i bet they will quote 3850 if you go now. All the projects advertising in Kharadi in Larch are still looking for buyers but these builders and property dealers will give you impression that there is a huge demand and if you don't buy today you might not get the apartment tommorow.

                      Comment

                      Have any questions or thoughts about this?
                      Working...
                      X