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

    I would also like to know people's view on this.
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  • 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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  • 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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  • 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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  • Slight correction in my opinion :)

    Originally Posted by vishalpms
    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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  • 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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  • 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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  • 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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  • Originally Posted by ponmad01
    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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  • Originally Posted by pankajretail
    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 .



    Prices ... 50 % down in 5 years ....
    each year 10 % down ....

    And Pune will DE-Grow ... reverse Grow....

    How about this scenario happening ....

    US and Europe and Japan and China .... all going in Recession in one of the years in next 10 years... then what ?

    Double dip will not be sharp ... that will span for few years....This time Govt's were able to act bcoz they are capable of ....
    But who will save them when they themselves will be in trouble ....

    Most risk for those who are On Loan ...
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  • One have to wait till recession to buy a flat for his own use ?
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  • Originally Posted by sans_re
    One have to wait till recession to buy a flat for his own use ?



    Whats the issue in Renting ? ...

    Its Pretty cheap .......

    You will have lots of cash that you can Invest at right time .....
    Plus ... Builders funds are Drying .... so if you buy undercons... then forget about possession ....


    And tell me who is bigger Goon .... Builder or Owner(He is a simple person who is simply over cautious about his lifetime saving he is Renting) ...
    So deal with a simple person ... you will be better ...

    ....

    In the Forum you will find lot of Rent/Buying discussion ...
    So when the time is Risky ... and Prices are all time High ....
    It would be Foolish to go for Buying ....

    Rest is your wish ...
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  • Originally Posted by sans_re
    One have to wait till recession to buy a flat for his own use ?

    Threads of this ilk ( i think there are a few more...Diwali/Christmas rates)are the most ridiculous ones on this forum.:bab (34):
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