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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 realacres View Post
    Friends,

    Taking a break from RE of Pune, simply have a look at these beautiful pics, some are of castles built centuries ago while other link is about current highrises. Really nice pics, hope you all will like it.

    http://www.funonthenet.in/articles/castles.html

    http://www.funonthenet.in/content/view/139/31/

    Uhmm...No Indian castle...

    Comment


    • Re : Builders & Real Estate Bulls Theory Proved Wrong

      Uhmm...No Indian castle...
      No Indian city and for that matter Mumbai is comparable or even costlier then these top ten ...

      Comment


      • Re : Builders & Real Estate Bulls Theory Proved Wrong

        From equitymaster daily report

        Real estate players may have to brace themselves for yet another correction in home prices. It is no surprise that the global financial crisis had an adverse impact on home prices in India as demand waned and financing problems ballooned. However, many of them were able to weather the storm due to financial restructuring and a revival in home buying on the back of greater consumer confidence and lower interest rates.

        But with prices once again rising, as more homes come into the market at higher price levels, a correction seems imminent. What is more, high end houses in Mumbai and the National Capital Region (NCR) are the most vulnerable to these shocks. Not surprisingly, Mumbai earned the dubious distinction of witnessing the highest price rise in recent times. And with many projects being announced over the next 6 months in the city, there could be an oversupply of homes and thereby a dip in prices. This will then turn out to be good news for those who are still looking to buy their first home and are still looking for a right price. Not just that, real estate players will need to realize that in order to maintain a sustained demand for houses, it is necessary that prices do not reach unjustifiable levels.

        Comment


        • Re : Builders & Real Estate Bulls Theory Proved Wrong

          Mumbai - high prices hit demand

          http://economictimes.indiatimes.com/...ow/5744881.cms

          Comment


          • Re : Builders & Real Estate Bulls Theory Proved Wrong

            Originally posted by puser View Post
            Uhmm...No Indian castle...
            Did u miss the castle of Chittogarh on the same page . I found rather that to be the best . Water bod y inside the castle on top of a cliff. Simply cool. I salute the enginners as how they solved the risk of having a water body inside a castle made during that era (a single leakage through the bed can brign down the whole structure like pack of cards) .

            Comment


            • Re : Builders & Real Estate Bulls Theory Proved Wrong

              Originally posted by nilpat View Post
              Hey real the only factor I could see is that India is very dense country(more people per area) where in chicago less people more area and in addition to this inflated prices here in india + Indian sentiments attached with home as said by you
              The population density in Chicago is more than Pune, not to forget the good infra there vis a vis Pune. The real issue is that rather than population density, the bakra density (bakras/sq km) in Pune is very high, hence the reason.

              Anyways, just have a look at Chicago's skyline. You won't find this even in KP.

              http://upload.wikimedia.org/wikipedi...e_panorama.jpg
              If you are happy, you are successful.

              Comment


              • Re : Builders & Real Estate Bulls Theory Proved Wrong

                Originally posted by monds View Post
                It says that flats of 1Cr & above prices have been severely hit. Note that these are affluent people & if they are hit, imagine what the condition of first time buyer would be. So, either the sales are not happening or the flats are being artificially hoarded by builders to create a false picture, not to forget that a broker gets upto 15% commission on sale of flat valued at 1Cr & more.

                * Why don't builders reduce prices by 15% & sell flats directly to buyers rather than hike prices & pay to brokers?
                If you are happy, you are successful.

                Comment


                • Re : Builders & Real Estate Bulls Theory Proved Wrong

                  Originally posted by realacres View Post
                  It says that flats of 1Cr & above prices have been severely hit. Note that these are affluent people & if they are hit, imagine what the condition of first time buyer would be. So, either the sales are not happening or the flats are being artificially hoarded by builders to create a false picture, not to forget that a broker gets upto 15% commission on sale of flat valued at 1Cr & more.

                  * Why don't builders reduce prices by 15% & sell flats directly to buyers rather than hike prices & pay to brokers?
                  Because few direct buyers purchase the flats at 15% raised prices.. that margin might be sufficient enough.

                  Comment


                  • Re : Builders & Real Estate Bulls Theory Proved Wrong

                    Originally posted by realacres View Post
                    The population density in Chicago is more than Pune, not to forget the good infra there vis a vis Pune. The real issue is that rather than population density, the bakra density (bakras/sq km) in Pune is very high, hence the reason.

                    Anyways, just have a look at Chicago's skyline. You won't find this even in KP.

                    http://upload.wikimedia.org/wikipedi...e_panorama.jpg
                    Chicago is actually one of the oldest metropolitan cities in the world, and has actually had very high population density for not decades but centuries.

                    To quote wikipedia, "After the Great Chicago Fire of 1871 destroyed a third of the city, including the entire central business district, Chicago experienced rapid rebuilding and growth.[27] During its rebuilding period, Chicago constructed the world's first skyscraper in 1885, using steel-skeleton construction."

                    Back to your point, your statement about bakra density was really funny It actually reminded me of the old Pakistani play, "Bakra Kishton Pe" by Umer Sharif.

                    Considering that all of us bakras actually repay our home loans "saral kishton mein", maybe we should all watch this play again

                    P.S. This play was a cult classic in the days of VCRs and video casettes.

                    Comment


                    • Re : Builders & Real Estate Bulls Theory Proved Wrong

                      Mumbai-based realty company dupes investors of Rs 40 crore

                      Read this news, builder duping people, again as usual:-

                      http://www.realtyplusmag.com/rpnewsl...=8123&cat_id=3
                      If you are happy, you are successful.

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