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Builders & Real Estate Bulls Theory Proved Wrong

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Builders & Real Estate Bulls Theory Proved Wrong

Last updated: November 1 2016
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  • Re : Builders & Real Estate Bulls Theory Proved Wrong

    Originally posted by Indian2016 View Post
    Informative thread !
    Yeah, prices are not coming down since this thread is started so finally guys diverted the topics of discussion as there seems no reason for prices to come down in near future

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    • Re : Builders & Real Estate Bulls Theory Proved Wrong

      Informative video on buying a flat

      https://www.youtube.com/watch?v=Zgrf2RjdjqM

      Comment


      • Re : Builders & Real Estate Bulls Theory Proved Wrong

        Originally posted by REinvest View Post
        Yeah, prices are not coming down since this thread is started so finally guys diverted the topics of discussion as there seems no reason for prices to come down in near future
        I think discussion has moved on from real estate because it's hopeless & irrelevant to discuss real estate nowadays. Few people are worried about it.

        Comment


        • Re : Builders & Real Estate Bulls Theory Proved Wrong

          https://www.youtube.com/watch?v=vUv3rO_fcTs

          KUL Ecoloch Flat Buyers & Lalit Kumar Jain, Kumar Builders KUL - Meeting
          Agitated buyers!!

          Comment


          • Re : Builders & Real Estate Bulls Theory Proved Wrong

            Originally posted by VibhorD View Post
            I think discussion has moved on from real estate because it's hopeless & irrelevant to discuss real estate nowadays. Few people are worried about it.
            Fact still remains the same

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            • Re : Builders & Real Estate Bulls Theory Proved Wrong

              Originally posted by VibhorD View Post
              I think discussion has moved on from real estate because it's hopeless & irrelevant to discuss real estate nowadays. Few people are worried about it.
              From my personal experience- renowned Bangalore based developer having launched one project in pune last year, For this project sales person here in singapore has come down on price by 10% in last 6 months. You just have to show some interest and keep negotiating.

              They think NRIs are easy target, but there is lot of awareness nowadays.

              Comment


              • Re : Builders & Real Estate Bulls Theory Proved Wrong

                Originally posted by REinvest View Post
                Fact still remains the same
                Yes, fact remains the same. The fact is your comments are misleading to say the least.

                Even in in the highly sought areas like Pimple Saudagar, Kothrud property prices have been stagnant since one year.

                In the poor infrastructure areas like Warje, Dhayari, Wagholi, Moshi there has been de-growth in 2015.

                Prior to that (2013 to 2014) the overall (avg.) annualized growth in Pune real estate prices has been less than 5%.

                Those who have invested at end of 2013 are actually losing the money; as same money would have earned 9% in bank deposits whereas Pune real estate has produced returns in the tune of 3-4%. Plus add the money lost in registration & taxes & its very simple to understand why people have lost the money in last two years.

                Gone are the golden days (2010-2011-2012) where there was 14 to 18% annualized avg. growth . All properties over 6500 psf rate or having tota costing close to & above crore are under serious pressure.

                Builders are offering various freebies like free kitchen, free decor, stamp duty+registration wave off & so on. This has not helped. Even 0% down payment schemes from so called reputed builders are not able to generate bookings.

                Pune is all set to see visible & outright price correction of 10% to 20%.
                In this scenario, I am surprised with your comments & optimism.

                And yes, discussions are diverted because real estate is a cold commodity now. No one is bothered to track updates now as no one is buying & nothing much is happening. Most of the people are saving money in other options.

                Comment


                • Re : Builders & Real Estate Bulls Theory Proved Wrong

                  Originally posted by bhushan911 View Post
                  Yes, fact remains the same. The fact is your comments are misleading to say the least.

                  Even in in the highly sought areas like Pimple Saudagar, Kothrud property prices have been stagnant since one year.

                  In the poor infrastructure areas like Warje, Dhayari, Wagholi, Moshi there has been de-growth in 2015.

                  Prior to that (2013 to 2014) the overall (avg.) annualized growth in Pune real estate prices has been less than 5%.

                  Those who have invested at end of 2013 are actually losing the money; as same money would have earned 9% in bank deposits whereas Pune real estate has produced returns in the tune of 3-4%. Plus add the money lost in registration & taxes & its very simple to understand why people have lost the money in last two years.

                  Gone are the golden days (2010-2011-2012) where there was 14 to 18% annualized avg. growth . All properties over 6500 psf rate or having tota costing close to & above crore are under serious pressure.

                  Builders are offering various freebies like free kitchen, free decor, stamp duty+registration wave off & so on. This has not helped. Even 0% down payment schemes from so called reputed builders are not able to generate bookings.

                  Pune is all set to see visible & outright price correction of 10% to 20%.
                  In this scenario, I am surprised with your comments & optimism.

                  And yes, discussions are diverted because real estate is a cold commodity now. No one is bothered to track updates now as no one is buying & nothing much is happening. Most of the people are saving money in other options.
                  Not sure about Pune but following the Delhi NCR market specially Dwarka Expressway Gurgaon and Neharpar Faridabad. There has been a consistent decline in prices since 2013 of about 10% annually. Considering someone invested in 2012, his capital has eroded by about 50% taking inflation into account. Almost 50% UC properties in NCR are dead investments as they are never going to be delivered (builders bankrupt and running away).

                  Comment


                  • Re : Builders & Real Estate Bulls Theory Proved Wrong

                    Why am i not seeing any debates and discussion on Budget?

                    Have people lost all hope ?

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                    • Re : Builders & Real Estate Bulls Theory Proved Wrong

                      well, I think that this year will being more pain in RE, stocks and job market. There is nothing that our budget can help with :-)

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