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Seeing the current market scenario.. will the rate of Pune properties goes down?

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Seeing the current market scenario.. will the rate of Pune properties goes down?

Last updated: May 19 2010
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  • Seeing the current market scenario.. will the rate of Pune properties goes down?

    Seeing the current market scenario.. will the rate of Pune properties goes down?
  • #2

    #2

    Re : Seeing the current market scenario.. will the rate of Pune properties goes down?

    Hi,

    I would also like to know people's view on this.

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    • #3

      #3

      Re : Seeing the current market scenario.. will the rate of Pune properties goes down?

      Yes it will definately, Seeing the Current Scenario of Indian Real estate the properties rates will definately go down, infact Delhi - NCR region is already effected and trend's shows that the rates their have gone down by 20 to 25%.

      Thanks

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      • #4

        #4

        Re : Seeing the current market scenario.. will the rate of Pune properties goes down?

        How is the real estate market in Tamil Nadu

        Hi Folks,

        How is the real estate trend seen in Tirunelveli as IT sez taking place as well as in chennai suburbs.

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        • #5

          #5

          Re : Seeing the current market scenario.. will the rate of Pune properties goes down?

          Pune property prices

          Hi Guys...

          In Pune the prices have come down in recently developed areas only like Wakad,kharadi,wagholi ,pimple saudagar etc..Prices which used to be aroubd 3500rs/sq.ft. few monthsa ago are now 2800rs/sq.ft.

          Dont expect prices to come down in established & developed areas like Koregaon park,model colony,kothurd & other central parts of Pune..

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          • #6

            #6

            Re : Seeing the current market scenario.. will the rate of Pune properties goes down?

            Slight correction in my opinion

            Originally posted by vishalpms View Post
            Hi Guys...

            In Pune the prices have come down in recently developed areas only like Wakad,kharadi,wagholi ,pimple saudagar etc..Prices which used to be aroubd 3500rs/sq.ft. few monthsa ago are now 2800rs/sq.ft.

            Dont expect prices to come down in established & developed areas like Koregaon park,model colony,kothurd & other central parts of Pune..

            Dear Vishal,

            I have a slight problem with the second para. The correct statement would be "Don't expect prices to come down by as much in established ..."

            Here is the theory. When prices decline in less developed areas and do not do so in well developed areas, temporarily, there is an opportunity / arbitrage spread in value. Typical question in ones mind is, "why not sell in the established area and buy much more area in less established ones? Over time when prices go back up again, we will gain much more."

            When this behavior happens, expensive places are sold more than bought, thus gradually bringing down price and closing the arbitrage gap. Therefore, all areas will decline. More developed ones will decline less, thats all.

            I can give 1996-98 example in Bangalore, where even MG Road - one of the most premium locations in Bangalore, like say Mount Road in Chennai - came down quite a bit.

            cheers

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            • #7

              #7

              Re : Seeing the current market scenario.. will the rate of Pune properties goes down?

              as per steward home solutions pvt ltd company in pune, in next six month prices will come down upto 10% more in pune.

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              • #8

                #8

                Re : Seeing the current market scenario.. will the rate of Pune properties goes down?

                Dear WiseMan,
                I will support Vishal here. WHY ?

                In established areas, prices won't come down as they are still in demand.
                Eg.
                THEN
                - Total Properties available = 100nos
                - Buyers in 2006~7 = 2000nos
                Ratio = 20:1, so rates were increasing very fast

                NOW
                - Total Properties = 100nos
                Buyers = 250nos
                Ratio - 2.5:1

                No doubt the number of buyers have reduced drastically, but still demand is greater than supply in these areas.

                Rates are not increasing agreed, but they are not coming down as well in these areas.

                - Moreover these areas are more like a status symbol, so people holding property here are not selling them.

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                • #9

                  #9

                  Re : Seeing the current market scenario.. will the rate of Pune properties goes down?

                  pune properties rate

                  pune properties rates , will not change , and it will be as it is in current scenario.
                  we have seen last year from the month of november to july(so called recession period ), rates have gone down around 20%, but with in a one year span of time it saturated on the old rate .
                  in residential sector builders are more keen into premium and high end flats rather tha economy flats , whcich gives a clue that property rates will go high but not go down .

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                  • #10

                    #10

                    Re : Seeing the current market scenario.. will the rate of Pune properties goes down?

                    Originally posted by ponmad01 View Post
                    Hi Folks,

                    How is the real estate trend seen in Tirunelveli as IT sez taking place as well as in chennai suburbs.
                    Hi.. Ponmad01,

                    This is Pune section friend, post your questions/queries are proper forum under suitable thread, or you can start your own thread under a suitable forum.

                    Check SEZ section, there is a thread for Trichy, but I don't have any Idea about Tirunelveli.

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