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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

    Realtors Delay IPOs Due To Glum Market,Raising Funds Via QIP Route is Not Giving Good

    A lacklustre stock market that is not going anywhere coupled with lack of investor interest in realty stocks is forcing cashstrapped real estate companies to put their initial public offering (IPO) plans on the backburner and look elsewhere for funds.

    http://indiatoday.intoday.in/site/St...um+market.html

    Btw, Rakesh Jhunjhunwala, the leading stock broker doesn't hold a single scrip of any listed RE co. Why, we all know.
    If you are happy, you are successful.

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    • Re : Builders & Real Estate Bulls Theory Proved Wrong

      Global recovery may be slow, weak: Infosys

      A news from the horse's mouth:-

      The chairman of Infosys Technologies, India’s No. 2 -services exporter, said a recovery from the global financial crisis may be slow and weak, and early signs of an emergence from the worldwide recession cannot be taken for granted.

      http://www.livemint.com/2010/06/1216...be-slow-w.html
      If you are happy, you are successful.

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      • Re : Builders & Real Estate Bulls Theory Proved Wrong

        Mumbai property prices to rise, realty stocks on fire

        http://beta.profit.ndtv.com/news/sho...e-73499?u=1126

        now only the ambanis and khans can afford a house in Mumbai then or may be...frends will start sharing the cost of the purchased flat!!

        Just pray Pune builders don't start taking a cue from this event and hike the prices in Pune by making it Mumbai Annexe..
        Last edited by chinmay686; June 13 2010, 06:53 PM.

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        • Re : Builders & Real Estate Bulls Theory Proved Wrong

          Originally posted by realacres View Post
          This news is of Pune. Man, more than 50% of flats don't have CC.

          http://epaper.indianexpress.com/IE/I...1.shtml?Mode=1
          Hi Real... correct me if i am wrong but many times PMC gives completion certificate almost 6 months later .. maybe internal issues and corruption.. but usually builder gets an occupancy certificate which is enough to give possession and confirms usability of the said premises for end users.

          So i think if people are taking possessions without CC, it should be ok but if they are taking possessions without OC, it is an issue...

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          • Re : Builders & Real Estate Bulls Theory Proved Wrong

            Check the link below in Pune MIrror today

            http://www.punemirror.in/index.aspx?...79e64&sectxslt=

            It gives the registration figures Q1 2010.. seems the registrations have increased considerably.

            Not sure but does registration in the government office happens immediately as the flat is booked or is there a time lag like 3-4 months.

            Any comments Guys.

            VK

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            • Re : Builders & Real Estate Bulls Theory Proved Wrong

              Originally posted by punerebuyer View Post
              So i think if people are taking possessions without CC, it should be ok but if they are taking possessions without OC, it is an issue...
              Dear punerebuyer,
              CC (Completion Certiticate) & OC (Occupancy Certificate) both mean the same thing. When the developer submits all relevent NOCs he obtains OC. On the basis of OC, the developer can issue the final Possession letter to flat purchasers. Till he receives the OC/CC he can provide provisional possession for furniture purpose.
              Last edited by Pethkar Projects; June 14 2010, 10:41 AM.
              Jitendra Pethkar | Pethkar Projects

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              • Re : Builders & Real Estate Bulls Theory Proved Wrong

                so as per the article 27000 flats have been sold in the last 5 months. It is also not surprising that Jan-May 09 had the lowest bookings as the worst news about the world economy was hitting the news wires every day and the stock market sentiment was rock bottom all over the world.

                The US NRI effect in December-Jan didn't pan out as well in early 09, so it appears most NRI's stayed out of the market.

                if the trend of registrations in the next five months continues NRI's who visit in December will be in for a price shock.

                If Pune builders drop prices by 20%, they will sell out in no time however no builder it appears wants to reduce his profit margin
                Last edited by rameshyahoo; June 14 2010, 09:23 AM.

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                • Re : Builders & Real Estate Bulls Theory Proved Wrong

                  Originally posted by Jitu_Sir View Post
                  Dear punerebuyer,
                  CC (Completion Certiticate) & OC (Occupancy Certificate) both mean the same thing. When the developer submits all relevent NOCs he obtains OC. On the basis of OC, the developer can issue the final Possession letter to flat purchasers. Till he receives the OC/CC he can provide provisional possession for furniture purpose.
                  Thanks Jitu

                  So since you have also given provisional possessions so far, have you also not received a CC/OC yet? When are you planning to get it? or is it also dependent on the approval of the revised plan?

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                  • Re : Builders & Real Estate Bulls Theory Proved Wrong

                    Originally posted by punerebuyer View Post
                    Thanks Jitu

                    So since you have also given provisional possessions so far, have you also not received a CC/OC yet? When are you planning to get it? or is it also dependent on the approval of the revised plan?
                    Dear punerebuyer,
                    We had given provisional possessions since we had applied for OC till 7th floor. This is called part completion.
                    Jitendra Pethkar | Pethkar Projects

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                    • Re : Builders & Real Estate Bulls Theory Proved Wrong

                      Originally posted by veeemkay View Post
                      Not sure but does registration in the government office happens immediately as the flat is booked or is there a time lag like 3-4 months.

                      Any comments Guys.

                      VK
                      The records are kept straight. However, these figs are not only from the builders but these include resale, transfers as well. Now what needs to be seen is of the total sales, how many were resales & how many were bought directly from the builders. Also, as the price is not mentioned in the figs. the avg selling price can't be known in this way as well.
                      If you are happy, you are successful.

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