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YOu bought on the peak of the previous cycle and sold on the trough of the next cycle. Prices definitely have doubled in last 2 years. I booked a flat in 2009 May at 1900 psf, now price in the area is supposedly 3800 listed by the same builder. That is a doubling, isnt it? Previous cycle ended its peak in 2007. Next peak is expected in 2014 or 2015. Right now we are probably heading into peaking of the interest rate hikes in next few months (unless extra-ordinary events come when all bets are off). The current moderation in prices is a buying opportunity. Sensible option is to buy well before the peak of the next cycle - after which prices will reach another orbit and will become unaffordable for almost everyone. Right now, many are able to afford the 1-2 crores needed to buy a flat. In 2016 or so, you might not be able to do so because of the effects of hyper-inflation and Rupee depreciation[/QUOTE] Sir if you are saying prices are doubled even in any perticular specific one project then I am ready to accept it. However I was under impression on following things. 1) Prices in PS in 2009 were 2800, now they are 3900-4200. (% increase around 40%) 2) Prices in Wakad in 2009 were 2500, now they are 3700-3800 3) Prices in Aundh in 2009 were 4200, now they are 5500 4) Prices in Pashan, Baner in 2009 were 3400-3500, now they are 4600-4700 5) Prices in Boat club road in 2009 were 7000-8000, now you do better know current prices. 6) Prices in Magarpatta in 2009 were 3500-4000, now they are 5000-5500. I could see prices in Talegoan or any area 80KM away from Pune were in the range of 1500-2000 in 2009, and now prices are in the range of 3000 Rs. I still think that prices are only increased by 40%, whereas blue chip stocs like L&T ( & others) have increased more than 120%. Like L&T was in the range of 800 in 2009 and now it is in the range of 1800. Increase of prices by 40% in 2.5 years means effectively you get the profit of not more than 10%." ["moderated"]=> NULL ["pagetextimages"]=> NULL ["pagetext"]=> NULL ["htmlstate"]=> string(3) "off" ["allowsmilie"]=> string(1) "0" ["showsignature"]=> string(1) "0" ["attach"]=> array(0) { } ["infraction"]=> string(1) "0" ["reportnodeid"]=> string(1) "0" ["iconpath"]=> NULL ["channelroute"]=> string(2) "92" ["channeltitle"]=> string(16) "Pune Real Estate" ["channelid"]=> string(2) "30" ["starterroute"]=> string(2) "93" ["startertitle"]=> string(47) "Builders & RE Bulls Theory Proved Right !!!" 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Originally posted by Venkytalks
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Actually you have demonstrated the importance of understanding RE cycle. YOu bought on the peak of the previous cycle and sold on the trough of the next cycle.
Prices definitely have doubled in last 2 years. I booked a flat in 2009 May at 1900 psf, now price in the area is supposedly 3800 listed by the same builder. That is a doubling, isnt it?
Previous cycle ended its peak in 2007. Next peak is expected in 2014 or 2015. Right now we are probably heading into peaking of the interest rate hikes in next few months (unless extra-ordinary events come when all bets are off).
The current moderation in prices is a buying opportunity.
Sensible option is to buy well before the peak of the next cycle - after which prices will reach another orbit and will become unaffordable for almost everyone.
Right now, many are able to afford the 1-2 crores needed to buy a flat. In 2016 or so, you might not be able to do so because of the effects of hyper-inflation and Rupee depreciation
Prices definitely have doubled in last 2 years. I booked a flat in 2009 May at 1900 psf, now price in the area is supposedly 3800 listed by the same builder. That is a doubling, isnt it?
Previous cycle ended its peak in 2007. Next peak is expected in 2014 or 2015. Right now we are probably heading into peaking of the interest rate hikes in next few months (unless extra-ordinary events come when all bets are off).
The current moderation in prices is a buying opportunity.
Sensible option is to buy well before the peak of the next cycle - after which prices will reach another orbit and will become unaffordable for almost everyone.
Right now, many are able to afford the 1-2 crores needed to buy a flat. In 2016 or so, you might not be able to do so because of the effects of hyper-inflation and Rupee depreciation
1) Prices in PS in 2009 were 2800, now they are 3900-4200. (% increase around 40%)
2) Prices in Wakad in 2009 were 2500, now they are 3700-3800
3) Prices in Aundh in 2009 were 4200, now they are 5500
4) Prices in Pashan, Baner in 2009 were 3400-3500, now they are 4600-4700
5) Prices in Boat club road in 2009 were 7000-8000, now you do better know current prices.
6) Prices in Magarpatta in 2009 were 3500-4000, now they are 5000-5500.
I could see prices in Talegoan or any area 80KM away from Pune were in the range of 1500-2000 in 2009, and now prices are in the range of 3000 Rs.
I still think that prices are only increased by 40%, whereas blue chip stocs like L&T ( & others) have increased more than 120%. Like L&T was in the range of 800 in 2009 and now it is in the range of 1800. Increase of prices by 40% in 2.5 years means effectively you get the profit of not more than 10%.
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