Announcement

Collapse
No announcement yet.

Pune Property Rates Will be Down by Diwali

Collapse
X
Collapse

Pune Property Rates Will be Down by Diwali

Last updated: September 23 2016
780 | Posts
  • Time
  • Show
Clear All
new posts

  • Re : Pune Property Rates Will be Down by Diwali

    Thanks Mr. Sanjay

    for sharing valuable info.

    Comment


    • Re : Pune Property Rates Will be Down by Diwali

      Originally posted by w_sanjay View Post
      See this very good google spreadsheet created by one of the forum member - ="http://spreadsheets.google.com/ccc?key=0Anng_r2psk4YdDl2akt3UTNTYW5ySnNQTVhHNjBzV mc&hl=en"]http://spreadsheets.google.com/ccc?k...HNjBzVmc&hl=en[/url]
      Thanks Sanjay for maintaining this info.
      I updated the West_Pune sheet for Wakad and PS project for jan 2010. Let's contribute together.
      ~ Kirun

      Comment


      • Re : Pune Property Rates Will be Down by Diwali

        Banks likely to raise realty loan rates on real estate projects

        “Government and banks bailed out real estate companies by providing financing to them. The growth in this sector was higher than the overall credit growth, as a result, prices did not come off significantly.

        Revival in the sector has resulted in real estate prices rising and now RBI may need to make an effort to cool down prices,” said Hemindra Hazari, head of research Karvy Stock Broking. On a YoY basis, loans to real estate sector surged 15.3% when overall credit rose 10.4% as on November 20, 2009.

        Unlike personal loans, which grew only 0.7% as banks slowed down when customers began to default, they continued lending to builders. “It was financing a high-risk sector and was not justified...this resulted in real estate prices not dropping to the extent that they could have...more so, given the over supply in the market,” he added.

        http://economictimes.indiatimes.com/...ow/5799179.cms

        I am again betting on this .....
        RBI again is after RE.
        Seems Economic Times publish news according to the Govt./Industry planning.

        for two quarters all news were rosy now when the stabilization has happened again regulating with timely release of mix news.
        (Just a thought)
        Last edited by frugality; April 14 2010, 10:28 AM.

        Comment


        • Re : Pune Property Rates Will be Down by Diwali

          Hold On or Go ahead ??

          http://www.livemint.com/2010/05/3022...ian-b.html?h=B

          Bank of India’s gross NPAs have almost doubled from Rs2,470 crore to Rs4,883 crore and Indian Overseas Bank’s gross NPAs have grown some 88%, from Rs1,923 crore to Rs3,611 crore. After making hefty provisions, Bank of India’s net NPAs have grown some 251%, from Rs628 crore to Rs2,207 crore. The growth in Punjab National Bank’s net NPAs is even higher—272%—from Rs264 crore to Rs982 crore. Union Bank of India’s net NPAs have almost doubled to Rs965 crore and that of Bank of Maharashtra have grown 144% to Rs662 crore. Overall, State Bank of India has the biggest book of gross and net NPAs—Rs19,535 crore and Rs10,870 crore, respectively, but their growth in percentage term is not that high.

          Not too long ago, barring a few exceptions, all Indian banks had less than 1% of net NPAs and many of them even had zero net NPAs. They managed this feat by keeping a close eye on the quality of assets and aggressively making provisions. That’s no more that case. There is no zero-net NPA bank in India now. Eighteen of the 39 banks have at least 1% net NPAs, with Development Credit Bank topping the list (3.11%), followed by Indian Overseas Bank (2.52%). When it comes to gross NPAs as a percentage of loans, once again Development Credit Bank is the worst performer (8.69%). Other prominent names in this list are ICICI Bank Ltd (5.06%), Indian Overseas Bank (4.47%), Kotak Mahindra Bank Ltd (3.62%), United Bank of India (3.21%) and State Bank of India (3.05%).

          Now this dish just needs sugar (Euro slowdown)
          Then add Butter (US Double Dip).
          and some water(Chinese tightening ) ....
          Some Dry fruits(Debt restructuring )
          and boom ....
          your Diwali sweet is ready ....
          Buy homes at 30% less prices...
          and by next Diwali 50% cheaper ... maybe 60% in next few years if the 'Can of Worm opens'...

          and its better that the builders are not selling now at 20% discount otherwise default burden will be at buyer ... now its at the builder...... this a new way to 'eat yourself' builders have made

          Disclaimer: these are my thoughts and imagination and have no link to market fundamentals(their worst case is 20 yr long depression) .... its up to you to believe ....

          by the way France is joining the European crisis ...
          France latest to get the eurozone flu
          http://business.financialpost.com/20...-eurozone-flu/
          what the Hell.....
          Last edited by frugality; June 8 2010, 11:39 AM.

          Comment


          • Re : Pune Property Rates Will be Down by Diwali

            Originally posted by frugality View Post
            http://www.livemint.com/2010/05/3022...ian-b.html?h=B



            Bank of India’s gross NPAs have almost doubled from Rs2,470 crore to Rs4,883 crore and Indian Overseas Bank’s gross NPAs have grown some 88%, from Rs1,923 crore to Rs3,611 crore. After making hefty provisions, Bank of India’s net NPAs have grown some 251%, from Rs628 crore to Rs2,207 crore. The growth in Punjab National Bank’s net NPAs is even higher—272%—from Rs264 crore to Rs982 crore. Union Bank of India’s net NPAs have almost doubled to Rs965 crore and that of Bank of Maharashtra have grown 144% to Rs662 crore. Overall, State Bank of India has the biggest book of gross and net NPAs—Rs19,535 crore and Rs10,870 crore, respectively, but their growth in percentage term is not that high.


            Not too long ago, barring a few exceptions, all Indian banks had less than 1% of net NPAs and many of them even had zero net NPAs. They managed this feat by keeping a close eye on the quality of assets and aggressively making provisions. That’s no more that case. There is no zero-net NPA bank in India now. Eighteen of the 39 banks have at least 1% net NPAs, with Development Credit Bank topping the list (3.11%), followed by Indian Overseas Bank (2.52%). When it comes to gross NPAs as a percentage of loans, once again Development Credit Bank is the worst performer (8.69%). Other prominent names in this list are ICICI Bank Ltd (5.06%), Indian Overseas Bank (4.47%), Kotak Mahindra Bank Ltd (3.62%), United Bank of India (3.21%) and State Bank of India (3.05%).


            Now this dish just needs sugar (Euro slowdown)
            Then add Butter (US Double Dip).
            and some water(Chinese tightening ) ....
            Some Dry fruits(Debt restructuring )
            and boom ....

            your Diwali sweet is ready ....
            Buy homes at 30% less prices...

            and by next Diwali 50% cheaper ...

            and its better that the builders are not selling now at 20% discount otherwise default burden will be at buyer ... now its at the builder......

            Disclaimer: these are my thoughts and imagination and have no link to market fundamentals(their worst case is 20 yr long depression) .... its up to you to believe ....
            your analysis is going right frugality. Megapolis already brought down it's rate to 2400psf. This happened due to oversupply of residential property but demand is less due to overpriced property, so in this situation correction has to happen. Also it is expected that rates will further go down in next few months due to global financial crisis. Now people are not considering RE as investment(due to uncertainity) and only real buyers are in the market.

            Comment


            • Re : Pune Property Rates Will be Down by Diwali

              Originally posted by pnb_2k View Post
              your analysis is going right frugality. Megapolis already brought down it's rate to 2400psf. This happened due to oversupply of residential property but demand is less due to overpriced property, so in this situation correction has to happen. Also it is expected that rates will further go down in next few months due to global financial crisis. Now people are not considering RE as investment(due to uncertainity) and only real buyers are in the market.
              Well, Megapolis is in the remote hole and is a fringe-fringe loation
              When it was launched few years back, my first reaction was - not worth even offered free...as of today, considering some Hinjawadi PH3 development around, It's not worth more than 1400 per sq ft...and BTW, this project belongs to Pawar and Co. and I will not give my hard earned money to those guns, so I am out any ways

              Comment


              • Re : Pune Property Rates Will be Down by Diwali

                I believe Diwali is too optimistic a time line for the prices to go down, infact I predict it will go up to around 2007 peak levels (10-20% up) as this will be the last ditch effort the builders and developers will try to sell off the inventory.

                Hence, all those who are purchasing flats now will laugh at us, but believe me - 1-2 years down the line, it is we who will have the last laugh.

                So, sit tight, let us pray for the real estate regulator to kick in as soon as possible, and the interest rates and inflation to rise.

                Already, the real estate stocks are hitting all time lows, I suspect they will be really grounded in times to come.

                Comment


                • Re : Pune Property Rates Will be Down by Diwali

                  Infact, I came across following news by president of CREDAI:

                  Pune- Residential Property Prices Increased by Rs 300 per SQFT

                  Read it here:

                  http://www.indianrealtynews.com/real...-per-sqft.html

                  Comment


                  • Re : Pune Property Rates Will be Down by Diwali

                    Originally posted by nitesh321 View Post
                    Yes, we all know it, during March-Apr-May the prices increased but how does it matter to us...we are not any ways going to panick and buy in a hurry or in scare...this is an age old tactick of Pune Builders...don't worry my friend, leave them alone in their most haunted projects...the ghost will eat them one day , why we go and ruin our lives..!!!

                    Comment


                    • Re : Pune Property Rates Will be Down by Diwali

                      Originally posted by frugality View Post
                      your Diwali sweet is ready ....
                      Buy homes at 30% less prices...
                      and by next Diwali 50% cheaper ... maybe 60% in next few years if the 'Can of Worm opens'...
                      Dil ko behlaaneyke liye yeh khayaal bhi accha hai Gaalib

                      Comment

                      Have any questions or thoughts about this?
                      Working...
                      X