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- That's a good report. Thanks. Could you please quote your sources of information too. Those will be helpful for us to validate.
- @dandekar.abhay - well, this piece was actually compiled from two or three different web portals, keeping the average figures and information as base. You can check any of the online portals as they will have enough information available.CommentQuote0Flag
I differ - I am from IT management. Here, IT market is still at very high risk and most of the companies are not giving appraisals. So taking home loan seems very risky now. Things were good 5 years back. There are many resources who are not having jobs. 68,000 IT resources are fired in Pune.
It resulted into 10,000+ resale flats, where they are trying to liquidate whatever they have and return to home town. I met many of them.
Previously, most of the purchase by IT employees are with support of money saved at Onsite. Now after Trump, it is not an option.
So there are chances of bubble creation if things go worse - however, it will happen only if government is not interested in real estate.
Only hope - is PMAY, where government is giving significant subsidies and that can result into affordable housing.
Hope for the best, but prepare for the worst. Best advice is to not wait for some miracles and sell flat at little discount and get over it. For next project, you can encash post metro - FSI is already increased to 4 in many parts.
Many builders - e.g. majestic are able to sell just by giving 15-20% discount.
Prices drop in Pune for 2017-18 is 4%. In total 10% in last 3 years.
- See newer ads by builder with lower overall price in Hinjewadi Ph-3. Does not look like prices up. PropEquity's Jan-Mar 2018 report says builders negotiating on price by way of discounts, free-bees for sales. Average RE price fell by %7 in metro-cities. No.s of new launches also gone down in Pune.
Looks like 12% GST on UC property and MahaRERA rules has dented spirits.CommentQuote1Flag