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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
    I just got some insider updates from one of my chap in Delhi that Govt is planning to present the RE Regulator Bill in coming monsoon session of parliament. One thing which has been confirmed is to make builders sell on CARPET AREA only.

    So, if the bill gets passed this monsoon session, we will be having a RE regulator by this year end .

    * PS:- This news has created rift between the builders themselves as some are welcoming this move (like Tata Housing, Godrej Props & even to large extent Hiranandani) while builders like DLF, Unitech & Maharashtra's scorpio chaps are opposing it.

    Maybe this time CREDAI, BAI (Builder Asso of India), ASSOCHAM & CII backed RE lobby (forgot the name) will all be sitting on different benches . But personally, I am hopeful that RE regulator will be in place which is good for buyers & professional builders .
    DEAR RA
    Good to hear issues like this
    But what about those people who have dealt before passing bill.
    Are they also being considered...i am unsure.
    Such bill can curtail Black money what do u think...
    savvy_v

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    • Re : Builders & Real Estate Bulls Theory Proved Wrong

      Originally posted by lucky_123 View Post
      "As a developer, we sell a unit based on the total cost that we incur, so if we have to base our calculation on carpet area, the per sq ft price will go up,” said Anand.
      Even if this happens, it will help the buyer.

      Eg. Builder A sells for 3000/sq ft with 20% loading,
      Builder B sells for 3000/sq ft with 30% loading.

      Today, most buyers think that both builders are charging the same rate. Once they start charging according to carpet, builder B rate will be more than A which will then help layman buyers to take correct decision .

      Man, how many people out of this forum must be calculating loading factor at first place ?? Infact I have seen so many people who don't know how to calculate SALABLE AREA .
      If you are happy, you are successful.

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      • Re : Builders & Real Estate Bulls Theory Proved Wrong

        Apartment Cost Based On Carpet Area

        If Regulators bring such initiative, that would be better for buyers. But builder will adjust their rates accordingly to carpet area which will eventually keep the cost of ownership as is.
        Again if election is declared, consider that this bill may take couple of years to come into practice.

        Any guess how Hasan Ali got so much of money due in Tax itself and IT dept was sleeping when his Tax evasion crossed so much.
        Many politicos must be having their own money given to Ali's money laundering skill.

        Comment


        • Re : Builders & Real Estate Bulls Theory Proved Wrong

          Originally posted by realacres View Post
          Even if this happens, it will help the buyer.

          Eg. Builder A sells for 3000/sq ft with 20% loading,
          Builder B sells for 3000/sq ft with 30% loading.
          +1

          The builders will be forced to compete on "actual" cost and not playing trick with loading, infra cost, club charges etc.

          Importantly, this will help individual in resale - both buyer and seller. As of today, a person selling his apartment has to quote closer or less than the builder - plus he cannot charge for parking, infra and other things builders can add. This will bring in more parity and discounts / advantages of resale will be clearly visible if a reseller is quoting at a discount. Today, to a lay buyer, builder rates psf "look" lesser and they can't see beyond it.

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          • Re : Builders & Real Estate Bulls Theory Proved Wrong

            How will this bill help in curtailing Black MOney??

            Black money is given through cash...right.

            How does it avoid it??

            Comment


            • Re : Builders & Real Estate Bulls Theory Proved Wrong

              Originally posted by kingmanish View Post
              How will this bill help in curtailing Black MOney??

              Black money is given through cash...right.

              How does it avoid it??
              I-T dept will start 'Art Of Living' course for the builders .
              If you are happy, you are successful.

              Comment


              • Re : Builders & Real Estate Bulls Theory Proved Wrong

                Mumbai home prices may drop 20% in 6 months: Merrill Lynch

                Very good link:-

                Mumbai home prices may drop 20% in 6 months: Merrill Lynch
                If you are happy, you are successful.

                Comment


                • Re : Builders & Real Estate Bulls Theory Proved Wrong

                  City’s realty check

                  He added that right now, developers are adopting a wait-and-watch policy as far as reducing their rates are concerned. In their recent investor communications, DB Realty announced that realisation from almost all their projects has decreased by 10 per cent. Indiabulls has reduced the rates for Indiabulls Skies project at Lower Parel from Rs 23,000 to Rs 16,500 per sq ft, a significant 28 per cent dip.

                  Another developer, whose Peddar Road project of 18 plush duplexes has failed to find any takers for the past two years, has now decided to lease out the flats, each of which costs Rs 50 crore.

                  On the brighter side, Liases Foras estimates that once the prices start slumping it would not bounce right back like it did last year..... Plus interest rates on home loans are at an all-time-high of 11 per cent, creating an atmosphere that is just not conducive for home buyers,” said Liases Foras’ CEO Pankaj Kapoor.

                  City’s realty check: Rs 2.10 cr per flat - Express India
                  If you are happy, you are successful.

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                  • Re : Builders & Real Estate Bulls Theory Proved Wrong

                    Global consultancy firm KPMG, in a report released on Monday on bribery and corruption in India, said real estate was the most corrupt sector, followed by telecom. The firm attributed this to higher government and political intervention in these sectors.

                    Realty, telecom most corrupt sectors: Report - The Times of India

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                    • Re : Builders & Real Estate Bulls Theory Proved Wrong

                      Priyanka Gandhi's husband in pact with DLF

                      rlier, Vadra was quoted saying that his focus was on Artex, a small company speing in jewellery and handicraft exports. That seems to be changing as Vadra has sought to scale up and diversify his business activities since 2008. He has been acquiring tracts of land in Haryana and Rajasthan, a 50% stake in a leading business hotel in Delhi, and attempting an entry into the business of chartering aircraft, reports ET. Several of Vadra companies have received loans, some unsecured, from DLF group companies, including the Bombay Stock Exchange-listed flagship DLF Ltd.





                      http://www.moneycontrol.com/news/business/priyanka-gandhis-husbandpactdlf-for-realty-foray_529321.html

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