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- The NOIDA RE bubble might be bursting right now:
- Real estate firms turning to NBFCs...
Real estate firms are approaching non-banking financial companies (NBFCs) for loans to pay for land, construction and pre-development of projects, as most banks have shut their doors on the sector.
While banks usually lend to real estate firms at interest rates of 13-14%, NBFCs charge 16-20%
and private equity (PE) firms seek returns of 24-30%.
Real estate firms turning to NBFCs to raise funds - Home - livemint.comCommentQuote0Flag
- Originally Posted by VenkytalksThe NOIDA RE bubble might be bursting right now:
It will push the prices, since it turn to the shortage of inventory.CommentQuote0Flag
- It will scare the investors away
the prices will come down in NOida extn and GN
but will increase in Raj NNagar, GHB and other NCRCommentQuote0Flag
- Demolition drive in Ambegaon, Mangdewadi
"Pune: In a major day-long drive, the district administration demolished portions of at least 23 illegal buildings in the Ambegaon-Mangdewadi area on Thursday."
This should also be builder ki kartut... without taking proper permission, they must have contructed & sold to poor buyers... now these poor buyers are left with just contruction rubble...CommentQuote0Flag
- I don't think any society has come down there
these all are building developed on encroached land.
first build a jhuggi .....then a wall by wall construct pakka house....then wait for govt to provide a dwelling for removing oyur illegal house..
A plan well executed by manyCommentQuote0Flag
- Check this out. These are proper 4 to 6 storey buildings in a row which are coming down. Over 20 such buildings have been demolished
35 more building are yet to be demolished (maybe would have happened today).CommentQuote0Flag
- Originally Posted by abhi2509"Pune: In a major day-long drive, the district administration demolished portions of at least 23 illegal buildings in the Ambegaon-Mangdewadi area on Thursday."
This demolition was done against the illegal constructions on hill-top/ hill-slopes. But will they dare to demolish a bungalow of a big politician on the same hill-top??:bab (45):CommentQuote0Flag
- Originally Posted by kingmanishIt will scare the investors away
the prices will come down in NOida extn and GN
but will increase in Raj NNagar, GHB and other NCR
This news only for three project. So, nothing to panic and boom will be continue :bab (22):CommentQuote0Flag
- Originally Posted by ani_meherRealacres, thanks for sharing the news. I remember you liking some project because of its gothic look. Forgot its name. Was it of Nyati? Remember some guy was asking opinions for a resale flat there?
The project name was Nyati Espalande, Bavdhan but the gothic look preference was said by Kingmanish. Here's the link:-
When I was new to this market, I really liked Nyati's designs of medieval European, reminded me of Hiranandani. But if the same design is repeated over & over again, then it becomes boring, especially with others like Rachana (Gold Coast, Beverly Hills), Kumar Ecoloch etc. all having similar type of designs.
Anyways, personally I like lines more than curves......hey only when it comes to design of the building ;).CommentQuote0Flag
- Originally Posted by nitesh321This demolition was done against the illegal constructions on hill-top/ hill-slopes. But will they dare to demolish a bungalow of a big politician on the same hill-top??:bab (45):
The real reason why such prompt action was taken is this:-
Mahesh Zagade was shunted out from PMC by bobada Pawar as Zagade showed spine to issue demolition notice to DB Realty's project at Yerwada where bobada Pawar has his stakes. Now as opposition parties are making issue out of this, the PMC is now busy demolishing such structures (of tiny fish) so as to show that NCP too won't tolerate illegal structures & take some heat off on sudden transfer of PMC Chief, Zagade.
Man, but the real face of NCP & bobada Pawar is still exposed as the DB Realty project is still standing at Yerwada:bab (45):.
Btw, today I am happy as the left lost Bengal & ghanta Karunanidhi lost TN...which was in any case expected :).
Now, one chap told me today afternoon that Amma (Jaylalitha) is going to have meetings with top CB-CID, ACB, Vigilance dept. officers & some dogs from these depts. will be sent behind Karunanidhi & Co. :D:).
As DMK have lost the state, their leverage power will fade out in Delhi & hence chances of A Raja & Kanimozhe (daughter of ghanta chap) getting convicted are high. The real fun will be if these two spill the beans & 10 Janpath Queen role is exposed.
I am damn sure that today, that ghanta Karunanidhi, Stalin, Kanimozhe & Azhagiri will be having sleepless nights....all 'pike tun':D.
I just now hope that in next Maha State elections, NCP & Co. will be kicked out.CommentQuote0Flag
- Originally Posted by realacres
I just now hope that in next Maha State elections, NCP & Co. will be kicked out.
They will win this election but certainly not further.CommentQuote0Flag
- Can't find a better place to put this ......
US Govt. bankrupt ....
Selling its building ...... and unlike Indian Govt. buildings these are Marvelous buildings ...
As 2010 drew to a close, the mayor of Newark, N.J., was staring into a budget abyss so deep that he sold 16 city buildings to pay the bills.They included the architecturally significant Newark Symphony Hall and the police and fire headquarters.
The great government fire sale is on - Yahoo! FinanceCommentQuote0Flag
- Hi frugality, maybe Mamta will sell Writer building and Victoria memorial, sell Howrah bridge for scrap iron and shift her govt to a thambu.
BTW - the NOIDA land agitation spells the DEATH of planned urbanisation in India.
After seeing what Singur and Nandigram can do - now no politician will ever ever sell any land for urbanisation.
Expect totally chaotic unauthorised urbanisation.
Real estate price can never come down - now land will become even more expensive.
And not a single farmer will get anything - their fate will be to ramain marginakl farmers (or tribals) for the next century.
This also spells doom for Indian economy - FDI has vanished, now if FII also vanish, you can expect stock market collapse.
NOIDA was a great middle class dream - thanks to Mamta, n ow this dream will be totally crushed.CommentQuote0Flag
- RE companies slowing down even at peak rates ...
Sobha and Puravankara have announced slowing down of profits in their latest quarter. Of course, I'm waiting to see other major companies results before concluding, but this may be a trend.
This is when prices are at peak levels, though volumes are significantly lower from all the reports we read.
This means that the companies are unable to defend margins after covering fixed costs - ou could include marketing costs in this.
Given that volumes will only go south if prices are raised further, and given that interest rate hikes will force customers to look for lower prices if they are going to buy, what do ou think will happen to builder margins in the current and future quarters?
And this is only as the economy muddles along. What if the EU, US and Japan give it up and go south quickly?
While we ponder this, one might wait and build up more cash for the down payment while looking for inflation and interest rates to peak and come down again. Thats my thinking.