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Builders & RE Bulls Theory Proved Right !!!

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Builders & RE Bulls Theory Proved Right !!!

Last updated: June 15 2016
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  • Re : Builders & RE Bulls Theory Proved Right !!!

    Originally posted by puser View Post
    hypothetical may be unrelated situation
    1. a person X has black money of worth of say 1 cr
    2. a person X goes to a premium builder and invests 1 cr to builder in his township project
    3. builder takes money but refuses to acknowledge any payment done by person X(a bigger money hoarder), now what options do person X has as money was black it never "legally" belonged to person X

    i think saying black money all the time is easier but people having and managing blackmoney perhaps are under big tensions than we can imagine.
    2 no ka dhanda sab se imandari mai hota hai...

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    • Re : Builders & RE Bulls Theory Proved Right !!!

      Originally posted by puser View Post
      hypothetical may be unrelated situation
      1. a person X has black money of worth of say 1 cr
      2. a person X goes to a premium builder and invests 1 cr to builder in his township project
      3. builder takes money but refuses to acknowledge any payment done by person X(a bigger money hoarder), now what options do person X has as money was black it never "legally" belonged to person X

      i think saying black money all the time is easier but people having and managing blackmoney perhaps are under big tensions than we can imagine.

      The money is also used for Chai Pani of various Government departments. OR maybe i should say Chai Pani Dal Roti Chicken Mutoon Pizza Pasta 5 star 7 course Buffet lunch/dinner of various Government and Political officials.

      VK

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      • Re : Builders & RE Bulls Theory Proved Right !!!

        Originally posted by suryawork View Post
        And what is your theory as to why prices did go down in 2008-2009 ? Why did the black money not get invested in RE then and not allow prices to fall ?
        That's why i asked man, tell me Metro/Tier I/Tier II cities where price correction has taken place since the dawn of current economic turmoil (2008 onwards).

        Prices may have become stagnant, or, there could've been couple of lucrative deals cracked by some penny-smart guys from some builders with 5-10% discount, or, builders may have started dolling out freebies like LCD, free registry, & even car, but remember that cost of such things finally get added into property itself. Besides, what is the volume of such deals in entire RE market, i would say quite minimal to make any meaningfull difference.

        Terming such things as correction in RE market is something difficult for me to digest, don't mind....
        The knowledge of what to do in a Recession or Boom is more important than predicting a Recession or Boom.

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        • Re : Builders & RE Bulls Theory Proved Right !!!

          Originally posted by suryawork View Post
          And what is your theory as to why prices did go down in 2008-2009 ? Why did the black money not get invested in RE then and not allow prices to fall ?
          Prices came down in 2008-9? I dont remember that happening.

          What happened was that affordable type of flats were released at prices which were less than that of luxury specification flat.

          So from 3600 psf for luxury, 2400 psf for affordable type of small flat was released on Gurgaon Sohna road.

          Currently, the 2400 psf is being resold at 4400 psf and 3600 psf luxury is being resold at 6600 psf.

          Prices did not come down, but an opportunity was created for smart investors

          I agree with Bhuvang. RE prices will not come down, because Rupee will devalue by depreciation and inflation until 10 crore for 1BHK will start making sense.


          This has happened in 1970s and 1980s, why would it not happen now? People have forgotten the inflations and depreciations of yesteryear in the face of financial stability of 1995-2011 (YES STABILITY was what we saw in 2008 also).

          In real instability with stagflation - Indian common man will not be able to affors RE. He has always lived in Juggi and our politicians are ensuring that he never will be able to shift to decent housing.

          Congress has always done this - it is their nature.

          Right now is the bear market with low prices. In 10 years, 10 crore will be the cost of a juggi.
          Last edited December 7 2011, 05:04 PM.
          Venky (Please read watch a or before posting)

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          • Re : Builders & RE Bulls Theory Proved Right !!!

            i i have been to sakal vastu exhibition, since then getting many calls from developers for site visit
            Last edited December 7 2011, 05:47 PM.

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            • Re : Builders & RE Bulls Theory Proved Right !!!

              Originally posted by Venkytalks View Post
              Prices came down in 2008-9? I dont remember that happening.

              What happened was that affordable type of flats were released at prices which were less than that of luxury specification flat.

              So from 3600 psf for luxury, 2400 psf for affordable type of small flat was released on Gurgaon Sohna road.

              Currently, the 2400 psf is being resold at 4400 psf and 3600 psf luxury is being resold at 6600 psf.

              Prices did not come down, but an opportunity was created for smart investors

              I agree with Bhuvang. RE prices will not come down, because Rupee will devalue by depreciation and inflation until 10 crore for 1BHK will start making sense.


              This has happened in 1970s and 1980s, why would it not happen now? People have forgotten the inflations and depreciations of yesteryear in the face of financial stability of 1995-2011 (YES STABILITY was what we saw in 2008 also).

              In real instability with stagflation - Indian common man will not be able to affors RE. He has always lived in Juggi and our politicians are ensuring that he never will be able to shift to decent housing.

              Congress has always done this - it is their nature.

              Right now is the bear market with low prices. In 10 years, 10 crore will be the cost of a juggi.
              I don't agree on your first point. Prices indeed got reduced in 2008-09 especially in Bangalore and Pune. Though, Bangalore rates are still the same as it was in duration 2007-2008 but Pune rates are alteast 50% higher in Pune than the rates in 2006-2007. But, one thing is sure, don't expect the Rupee will depreciate to the level where even 1 Crs Rs will be justified for 1 BHK in normal living area in Pune.

              Comment


              • Re : Builders & RE Bulls Theory Proved Right !!!

                Originally posted by Venkytalks View Post
                Prices came down in 2008-9? I dont remember that happening.

                What happened was that affordable type of flats were released at prices which were less than that of luxury specification flat.

                So from 3600 psf for luxury, 2400 psf for affordable type of small flat was released on Gurgaon Sohna road.

                Currently, the 2400 psf is being resold at 4400 psf and 3600 psf luxury is being resold at 6600 psf.

                Prices did not come down, but an opportunity was created for smart investors

                I agree with Bhuvang. RE prices will not come down, because Rupee will devalue by depreciation and inflation until 10 crore for 1BHK will start making sense.


                This has happened in 1970s and 1980s, why would it not happen now? People have forgotten the inflations and depreciations of yesteryear in the face of financial stability of 1995-2011 (YES STABILITY was what we saw in 2008 also).

                In real instability with stagflation - Indian common man will not be able to affors RE. He has always lived in Juggi and our politicians are ensuring that he never will be able to shift to decent housing.

                Congress has always done this - it is their nature.

                Right now is the bear market with low prices. In 10 years, 10 crore will be the cost of a juggi.

                How much salary will people get then? 50 crore or something when 10 crore will cost jhuggi.

                Comment


                • Re : Builders & RE Bulls Theory Proved Right !!!

                  Originally posted by puser View Post
                  with so many precious projects affordable to only multi millionaires coming up in pune....i dream of the day to wake up and find myself living in city which is home of angelina, johny depp, lady gaga, ronaldo, carla sarkozy, lady gaga, mark zuckerberg, larry page,warren buffet,prince william and pricess catherine and other shining stars of global celeb and tech world...with pune real estate being so lucrative and all amenities of scotland, hawai,switzerland, beverly hills and other prime locations are being provided by honest and hardworking CREDAI at strategically located Pune, i hope pune will soon catch fancies of all my favorite hollywood actors, actresses, singers, sports personalities and entrepreneurs, as in this economically turbulent times pune real estate proves to be safe asset to park money
                  ..good humor ...

                  Comment


                  • Re : Builders & RE Bulls Theory Proved Right !!!

                    Originally posted by Venkytalks View Post
                    Prices came down in 2008-9? I dont remember that happening.

                    What happened was that affordable type of flats were released at prices which were less than that of luxury specification flat.
                    Venky

                    Price did came down in Pune at various projects... the best quoted example on this forum is Pethkar's Samrajya which was launched at 5600+ but was available in less than 4200 (including a free parking and kitchen trollies etc) during mid 2009. It is up again to a rate of 7000.

                    i am quoting this project because the builder Jitu_Sir is a part of this forum already...

                    Comment


                    • Re : Builders & RE Bulls Theory Proved Right !!!

                      Originally posted by Venkytalks View Post
                      Prices came down in 2008-9? I dont remember that happening.

                      What happened was that affordable type of flats were released at prices which were less than that of luxury specification flat.

                      So from 3600 psf for luxury, 2400 psf for affordable type of small flat was released on Gurgaon Sohna road.

                      Currently, the 2400 psf is being resold at 4400 psf and 3600 psf luxury is being resold at 6600 psf.

                      Prices did not come down, but an opportunity was created for smart investors

                      I agree with Bhuvang. RE prices will not come down, because Rupee will devalue by depreciation and inflation until 10 crore for 1BHK will start making sense.


                      This has happened in 1970s and 1980s, why would it not happen now? People have forgotten the inflations and depreciations of yesteryear in the face of financial stability of 1995-2011 (YES STABILITY was what we saw in 2008 also).

                      In real instability with stagflation - Indian common man will not be able to affors RE. He has always lived in Juggi and our politicians are ensuring that he never will be able to shift to decent housing.

                      Congress has always done this - it is their nature.

                      Right now is the bear market with low prices. In 10 years, 10 crore will be the cost of a juggi.

                      Are u kidding me??? If u don't think prices were down in 2009 den I don't know what to say to you. And stagflation and stability. Heck the building i live in was sold at 2000 per sq. foot in 97 and we got it for 1270per sq. foot in 2009. If u don't buy that. Ask a few guys who bought a flat in Raheja Gardens in 1997 and they ll tell u dey got it for 2500per sq.foot and when i went to search for a home there i was gettin a 1250 sq. feet 2 bhk for 15 lacs.to be reasonable market dynamics are different today but the way foreign investors are loosing faith in the india story a 30-40per cent correction wouldn't surprise me. may not happen in the next 2months. but it may unfold slowly over the next 2 years. And if you think investors will still continue to invest, maybe for sometime, Yes. But once there are no end users and at these prices their investments will go dud and they will pull out for fresher avenues.

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