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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 aditi sharma View Post
    Fund infusion is down from an estimated $20 billion (Rs 90,800 crore) to just $2 billion, an erosion of 90 per cent, he added. Goenka blamed the shrinking market on foreign limited partners (LPs), on whom PE funds depend for money, trying to make up for trading losses at home.
    This has serious implications for Pune RE as well as there are foreign investors especially in townships like BR. If you see, REITS funds through which FIIs used to pump money in Indian RE too has dried up as well.
    If you are happy, you are successful.

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    • Re : Builders & Real Estate Bulls Theory Proved Wrong

      Lavasa

      Here are some financial facts about Lavasa from their official figs.:-
      • Total turnover in 2009 is INR 339 Cr,
      • PAT (Profit After Tax) is INR 99 Cr,
      • Total Sales:- 1600 units,
      • Rental sales, some under development:- 500 units.
      This means that the avg price at Lavasa comes out to be just over INR 21L/unit. PAT of INR 99 Cr on INR 339 Cr sales means that the profit margins are really big. Net Profits would be much higher.


      Here are some banks who have put in their money in this project:-
      1. ICICI:- INR 250 Cr,
      2. Axis Bank:- INR 250 Cr,
      3. IndusInd Bank:- INR 50 Cr,
      4. Allahabad Bank:- INR 50 Cr.
      The company is also planning an IPO late this year through which it expects to raise about INR 2,000 Cr.


      So, 2 things to be noted:-
      1. Profits for builders are big,
      2. Cost/unit sales in actual take place at much cheaper rate than quoted on desk.
      Most of the purchases here are made out of adjustments. What's more, the co. has also got the land almost of cost due to forceful acquisition by Pawar goons. Hence, the real picture of RE including it's price is far different than shown to mango man buyers.
      If you are happy, you are successful.

      Comment


      • Re : Builders & Real Estate Bulls Theory Proved Wrong

        Below is picked up from a different forum.

        Originally posted by XXXXXXX View Post
        rumours lashing the street say that a SCAM involving a real estate giant may open the pandora's box soon !!!
        Wonder if anyone here has heard about this rumor.

        Comment


        • Re : Builders & Real Estate Bulls Theory Proved Wrong

          Originally posted by realacres View Post
          ...


          So, 2 things to be noted:-
          1. Profits for builders are big,
          2. Cost/unit sales in actual take place at much cheaper rate than quoted on desk.
          ...
          Builders, Politicians, Financers and RE Agents; ALL want to extort the buyers.
          Even if Pune RE gets sold at less than half (or even one third) the current quoted prices,
          ALL these guys would still make decent profits.

          But then there are also Buyers who want to just grab with whatever rates that are quoted .....

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          • Re : Builders & Real Estate Bulls Theory Proved Wrong

            Originally posted by enduser View Post
            But then there are also Buyers who want to just grab with whatever rates that are quoted .....
            This remains the sole reason for all the RE bubble we see around. Had buyers shown some maturity, this would not have happened at first place, but unfortunately, many people give priority to heart rather than head.
            Originally posted by veeemkay View Post
            Wonder if anyone here has heard about this rumor.
            Man, is this related to Pune RE or some other city or India in general?
            If you are happy, you are successful.

            Comment


            • Re : Builders & Real Estate Bulls Theory Proved Wrong

              Originally posted by realacres View Post
              This remains the sole reason for all the RE bubble we see around. Had buyers shown some maturity, this would not have happened at first place, but unfortunately, many people give priority to heart rather than head.
              I agree - you put in a lot of research and planning to select a relative better project and once you are absolutely sure that this one is just right .. then "the women" in your life says .. she did not like it that much !!!!
              So its generally someone else's heart - one gives priority to :p !!

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              • Re : Builders & Real Estate Bulls Theory Proved Wrong

                Originally posted by Madhurg View Post
                I agree - you put in a lot of research and planning to select a relative better project and once you are absolutely sure that this one is just right .. then "the women" in your life says .. she did not like it that much !!!!
                So its generally someone else's heart - one gives priority to :p !!
                LoL. This is the reason I prefer to be single, just one driver for the car, no back seat driving but unfortunately, like reality, many times the cleaner drives the truck while the driver goes to sleep:p.

                * To avoid this, tell your wife to choose only between the given set of projects (you selected with head) else stay on rent & see you will get an answer in 10 mins.

                Btw, Madhur, it can't be someone else's heart coz it's your heart only!! It gets swapped pre & post marriage. Ofcourse there are some who have Sarkari habit of getting transfers of their hearts as well!!:p
                Last edited by realacres; March 12 2010, 08:02 PM.
                If you are happy, you are successful.

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                • Re : Builders & Real Estate Bulls Theory Proved Wrong

                  Originally posted by realacres View Post
                  * To avoid this, tell your wife to choose only between the given set of projects (you selected with head) else stay on rent & see you will get an answer in 10 mins.
                  I am still happy (read unmarried) and thats the reason I said "the women" - its the same if its your GF / Wife / even Mom !!!

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                  • Re : Builders & Real Estate Bulls Theory Proved Wrong

                    Originally posted by realacres View Post
                    Btw, Madhur, it can't be someone else's heart coz it's your heart only!! It gets swapped pre & post marriage. Ofcourse there are some who have Sarkari habit of getting transfers of their hearts as well!!:p

                    Lol - can't stop laughing !!!
                    ABSOLUTELY !!!
                    Last edited by Madhurg; March 12 2010, 08:08 PM. Reason: incorrect quote

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                    • Re : Builders & Real Estate Bulls Theory Proved Wrong

                      Well in uk now a days people are becoming more and more carbon conscious and I just happened to read an article on sustainable living and I could'nt help but think about "sustainable living" in india - if its possible at all and if yes - I think we will end up paying less in fact much less and be more happy at the end isn't ??

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