Announcement

Collapse
No announcement yet.

Builders & Real Estate Bulls Theory Proved Wrong

Collapse
X
Collapse

Builders & Real Estate Bulls Theory Proved Wrong

Last updated: November 1 2016
12768 | Posts
  • Time
  • Show
Clear All
new posts

  • Re : Builders & Real Estate Bulls Theory Proved Wrong

    Originally posted by chinmay686 View Post
    can you quote the source??
    It was published in IE & was done by some agency which carried out survey from more than 4000 samples.
    If you are happy, you are successful.

    Comment


    • Re : Builders & Real Estate Bulls Theory Proved Wrong

      Few new flats under Rs 50 lakh, half over a crore

      An article which clearly shows a presence of big RE bubble, it's again from Indian Express:-

      http://epaper.indianexpress.com/IE/I...0.shtml?Mode=1
      If you are happy, you are successful.

      Comment


      • Re : Builders & Real Estate Bulls Theory Proved Wrong

        10 15%??

        The article says that a 10-15% correction is bound to happen because of unaffordability.
        So a 50L flat will cost 45L and become affordable?
        Last edited by rahulms; July 1 2010, 04:12 AM. Reason: spell check fail

        Comment


        • Re : Builders & Real Estate Bulls Theory Proved Wrong

          Originally posted by rahulms View Post
          The article says that a 10-15% correction is bound to happen because of unaffordability.
          So a 50L flat will cost 45L and become affordable?
          That is more then the expectation ... a JLLM spokesman is builders puppet.....
          He is acknowledging it that in itself is huge surprise ....

          If any builder speaks ..
          - Prices will go higher ...
          - 20 % rise from these levels ...
          its like Maruti increases price each month and then says expect 20% more price increase
          bhaaeee .. bhaaeee ..bhaaeee ..

          and think about buying Maruti at the price of Toyota Camery ....
          which most of Metro buyers are doing .....
          Last edited by frugality; July 1 2010, 09:58 AM.

          Comment


          • Re : Builders & Real Estate Bulls Theory Proved Wrong

            Originally posted by frugality View Post
            and think about buying Maruti at the price of Toyota Camery ....
            which most of Metro buyers are doing .....
            Quite apt analogy.. at least for pune.

            Comment


            • Re : Builders & Real Estate Bulls Theory Proved Wrong

              Builder Defaults

              For all the boomers here who say that builders won't reduce rates or sitting on pile of cash etc. look what happened to Runwal Builders, the one who are developing Runwal Seagul, Hadapsar. This builder has been termed 'Defaulter' by the banks. Though he has made some payment, the tag shall always be there with him.

              * Now where in media did this come? Thanks to PBAP. There are many other cases as well, but never get published. Those who want to confirm this can speak with any major banks, including LIC-HF.
              If you are happy, you are successful.

              Comment


              • Re : Builders & Real Estate Bulls Theory Proved Wrong

                Originally posted by realacres View Post
                For all the boomers here who say that builders won't reduce rates or sitting on pile of cash etc. look what happened to Runwal Builders, the one who are developing Runwal Seagul, Hadapsar. This builder has been termed 'Defaulter' by the banks. Though he has made some payment, the tag shall always be there with him.

                * Now where in media did this come? Thanks to PBAP. There are many other cases as well, but never get published. Those who want to confirm this can speak with any major banks, including LIC-HF.
                So where these Builders stash so much money that they earn?
                BTW, there was a news item on TV today about underworld wanting to
                control Mumbai RE (after some hiatus since 1999).

                If it is applicable to Pune RE as well, then buyers may have shelve out some more ‘psf’ cash to satisfy these new players too.

                Comment


                • Re : Builders & Real Estate Bulls Theory Proved Wrong

                  कराच्या जाळ्यात बिल्डर

                  Originally posted by enduser View Post
                  So where these Builders stash so much money that they earn?
                  BTW, there was a news item on TV today about underworld wanting to
                  control Mumbai RE (after some hiatus since 1999).

                  If it is applicable to Pune RE as well, then buyers may have shelve out some more ‘psf’ cash to satisfy these new players too.
                  Govt is thihking to have betterment tax on builders developing proprty alongside the metroline in mumbai...Now it is obvious that builders will "vasool" this tax from customers but how much builders will increase the rates? afterall there is some limit.

                  There is an interesting article about this in maharashtra times.
                  http://www.indianrealestateforum.com...wreply&p=88261

                  Pasting some extract here...

                  मुंबईत सध्या अंधेरी व चेंबूर या दूरच्या उपनगरांतही घरांचे भाव कोटींच्या घरात गेले आहेत. हे भाव कोटींच्या घरात जाण्याचे कारण काय याचे उत्तर कुणाजवळही नाही. बिल्डर त्यांचा कंपू करून मागणी असलेल्या भागात सतत भाव वाढवित असतात. घरांच्या किमतीवर कुणाचेही नियंत्रण नाही. अनेक उद्योग ग्राहक संरक्षण कायद्यात येतात; पण बिल्डरांच्या उद्योगाला कोणताच कायदा लागू नाही. बिल्डरांनी घराच्या बांधकामात कोणते सामान वापरावे, त्याचा दर्जा काय असावा याचे प्रमाणीकरण करणारी कोणतीही यंत्रणा नाही. एवढेच नाही तर बिल्डरांनी घराचे जे क्षेत्रफळ जाहीर केलेले असते त्याच क्षेत्रफळाचे घर ग्राहकाला मिळते असेही नाही. त्यामुळे घरबांधणी हा एक अफाट पैसा मिळवून देणारा उद्योग झाला आहे. घरांसाठी वीज, पाणी, रस्ते यांची व्यवस्था सरकारने करायची आणि या सुविधांचा फायदा घेऊन बिल्डरांनी घरांच्या किमती वाढवायच्या असा प्रकार गेली अनेक वषेर् अव्याहतपणे चालू आहे. त्यामुळे बिल्डरांवर बेटरमेंट टॅक्स लावण्याचा सरकारचा विचार स्वागतार्हच म्हणावा लागेल. पण बिल्डर हा कर आपल्या खिशातून न भरता तो ग्राहकांवर लादण्याची शक्यता आहे. तसे झाल्यास ही घरे सामान्य माणसांच्या आवाक्याबाहेर जाण्याची भीती आहे. पण घरे न परवडण्याइतकी महाग झाल्यास त्यांची विक्री होणे अवघड होत जाईल. त्यामुळे घरांच्या किमती व बिल्डरांवरील कर यांचे काही सूत्र असणे आवश्यक आहे.

                  Comment


                  • Re : Builders & Real Estate Bulls Theory Proved Wrong

                    contd....

                    And the article also reads about companies shifting to Navi Mumbai and outskirts due to sky rocketed rates in South Mumbai...

                    दक्षिण मुंबईतील अनेक कार्यालये आता वांदे-कुर्ला संकुल, अंधेरी-कुर्ला मार्ग व नव्या मुंबईकडे हलू लागली आहेत. त्यामुळे आता दक्षिण मुंबईकडे धावणाऱ्यांची संख्या न वाढता स्थिर राहील असा अंदाज आहे. तसे झाल्यास मुंबईतील महागड्या घरांची मागणी कमी होऊन उपनगरांतील घरांची मागणी वाढेल. त्यामुळे बिल्डरांना ठराविक मर्यादेपलीकडे घरांच्या किमती वाढविता येतील असे वाटत नाही. मध्यंतरी मुंबईत गिरण्यांच्या जमिनी अफाट किमतीत काही बिल्डरांनी विकत घेतल्या. त्यामुळे व्यावसायिक जागांना खूप मागणी आहे असे चित्र निर्माण झाले; पण प्रत्यक्षात दक्षिण मुंबईतील जागांचे भाडे परवडत नाही म्हणून त्या भागातील अनेक कार्यालये उत्तर मंुबईत गेली आहेत. एवढेच नाही तर परदेशी वकिलातींनीही उपनगरात आपली व्हिसा कार्यालये नेली आहेत. थोडक्यात, जागांचे भाव कसेही वाढवले तरी लोक घरे घेतील असे समजण्याचे कारण नाही. त्यामुळे बिल्डरांना बेटरमेंट कर लावल्यानंतरही मध्यमवर्गाला व निम्न मध्यमवर्गाला परवडतील अशा किमतीत घरे बांधावीच लागतील. कारण या व्यवसायात नफा अफाट आहे.

                    Comment


                    • Re : Builders & Real Estate Bulls Theory Proved Wrong

                      Originally posted by home123 View Post
                      And the article also reads about companies shifting to Navi Mumbai and outskirts due to sky rocketed rates in South Mumbai...
                      Due to poor quality life in Indian metros, gradually good doctors/engineers/teachers will exit India to help aging population in US, Canada, Japan ?
                      Last edited by hitmady; July 3 2010, 09:03 AM.

                      Comment

                      Tags: None
                      Have any questions or thoughts about this?
                      Working...
                      X