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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 RAJESHP View Post
    BTW do you have any secret of easy and cost effective way to generate water? You know
    we have to get water by Tankers. So that will be great help.

    God bless you.
    LoL. Why not start tanker service? A tanker costing 11-12L will fetch you more returns than a flat which is worth 20-22L.
    If you are happy, you are successful.

    Comment


    • Re : Builders & Real Estate Bulls Theory Proved Wrong

      Japan's Infra

      For long we are discussing infra like water & roads in 21st century.
      For a change, just have a look at Japan's infra, you will find Pune is ages behind & yet builders' will advertise:- Owners Pride, Neighbors Envy.
      Seems neighbor means Pakis.

      http://www.funonthenet.in/articles/j...e-bridges.html
      If you are happy, you are successful.

      Comment


      • Re : Builders & Real Estate Bulls Theory Proved Wrong

        Originally posted by realacres View Post
        For long we are discussing infra like water & roads in 21st century.
        For a change, just have a look at Japan's infra, you will find Pune is ages behind & yet builders' will advertise:- Owners Pride, Neighbors Envy.
        Seems neighbor means Pakis.

        ]http://www.funonthenet.in/articles/japanese-bridges.html[/url]
        Add Germany to it as well...and for most of the ppls knowledge, both Germany & Japan has been destroyed by Allied forces such a extent that they thought that wont ever come up in next 50 years..... And we got independence from Britishers almost at the same time & see where they are & see where we are...And we say that we have achieved alot in last 50 years

        We can not provide drinking water to various parts of City like Pune & we talk about becoming super power...hmmm
        Cheers,
        -Ashish

        Comment


        • Re : Builders & Real Estate Bulls Theory Proved Wrong

          Originally posted by ash7979 View Post
          Add Germany to it as well...and for most of the ppls knowledge, both Germany & Japan has been destroyed by Allied forces such a extent that they thought that wont ever come up in next 50 years..... And we got independence from Britishers almost at the same time & see where they are & see where we are...And we say that we have achieved alot in last 50 years
          That's because the people elected bad leaders who had simple principle:-
          Chair First, Country Last.
          Anyways, it is we who are supposed to be blamed. Add to it the massive population. We are adding 1 Australia every year.

          We can not provide drinking water to various parts of City like Pune & we talk about becoming super power...hmmm
          Sad but true & Baner road construction goes on & on & on..........
          If you are happy, you are successful.

          Comment


          • Re : Builders & Real Estate Bulls Theory Proved Wrong

            very true Real acres and Ashish, bang on target!

            Comment


            • Re : Builders & Real Estate Bulls Theory Proved Wrong

              realacres ... nice ideas you provided in your top post.

              But dude .. you are telling people to invest in stocks, FD etc. I think very few .. very very few people make substantial profits out of stock markets. Most of them make losses only. Because buying a house(at good price) and paying back is still easy... but buying a stock and when to sell it is really tough.

              I agree with only few points of realacres .. most of the others are just assumptions. Yes builders are sucking blood of people ... but if you get a good deal and can afford it, then always buy some property/house, it will always be beneficial in the long term.
              Even if value depreciates for couple of years, you still have a house of your own, have a shed over you and peace of mind too. Stocks are too volatile and tough for common people to understand them properly. RE .. more of like Rich Dad - Poor Dad, even common person will less education can make a wise decision on that.

              So guys dont take realacres advise to heart, judge yourself, We guys add more then One Australia to our population every year. When would all these people live in the future.

              I am very sure, Pune will be one of the best cities in India/world in future, look at the IT/Auto(Volkswagen) companies investment there. So go for it if you are getting good deal. You wont regret later.

              Comment


              • Re : Builders & Real Estate Bulls Theory Proved Wrong

                Originally posted by realacres View Post
                For long we are discussing infra like water & roads in 21st century.
                For a change, just have a look at Japan's infra, you will find Pune is ages behind ]
                Stayed in Japan and found that even in the remote places (where few people live) there was infrastructure like pothole free roads with lights, footpaths with provision for visibly-challenged people, 24 hours water and shops, green and clean environment, huge public gardens, metro rail etc...

                It's utter shame when people compare RE in Mumbai/Pune with Japan (which has infra atleast 25 years ahead of India).
                People must be ass-hole to believe in such comparison and pay high-rates in Mumbai/Pune.

                BTW, I was reading posts of a real-estate investor in USA (who has witnessed 2 RE crashes).
                He described 3 early signs of RE bubble as below:
                1. When entry-level house-price become unaffordable even for middle-income first-time buyers.
                2. When banks become aggressive and give teaser loans with innovative schemes like low interest-rate for initial years.
                3. When developers start constructing house as fast as they could to cash on boom, creating huge supply.

                Result is huge supply of expensive homes with few buyers.
                All signs lead to an eventual crash like he witnessed before.

                Do you smell something similar in Pune/India?
                Is RE in Pune/India heading for crash?
                Last edited by hitmady; November 17 2009, 01:04 AM.

                Comment


                • Re : Builders & Real Estate Bulls Theory Proved Wrong

                  Originally posted by realacres View Post
                  For long we are discussing infra like water & roads in 21st century .
                  Originally posted by realacres View Post
                  For a change, just have a look at Japan's infra, you will find Pune is ages behind & yet builders' will advertise:- Owners Pride, Neighbors Envy .
                  Seems neighbor means Pakis .

                  ]http://www.funonthenet.in/articles/japanese-bridges.html[/url]
                  Awesome. These guys really love to work and we guys really love to make money.

                  Originally posted by hitmady View Post
                  BTW, I was reading posts of a real-estate investor in USA (who has witnessed 2 RE crashes).
                  He described 3 early signs of RE bubble as below:
                  1. When entry-level house-price become unaffordable even for middle-income first-time buyers.
                  2. When banks become aggressive and give teaser loans with innovative schemes like low interest-rate for initial years.
                  3. When developers start constructing house as fast as they could to cash on boom, creating huge supply.

                  Result is huge supply of expensive homes with few buyers.
                  All signs lead to an eventual crash like he witnessed before.

                  Do you smell something similar in Pune/India?
                  Is RE in Pune/India heading for crash?
                  There are signs indeed.. but till the time manipulative forces are able to manipulate things and manipulate buyers they will do it. Most buyers have mentality like what can the builder do as infra is municipalities responsibility, the builder has promised to take care of maintenance and water (which are almost never fulfilled till the end), Every building has seepage so why blame this builder, every builder manipulates area so why blame this builder, this thinking just makes builders task easier to manipulate.
                  Last edited by veeemkay; November 17 2009, 12:01 PM.

                  Comment


                  • Re : Builders & Real Estate Bulls Theory Proved Wrong

                    most RE companies in india are not professional companies. there is a huge amount of illegal money in the business. those factors will help builders. also the population density and arcane and opaque rules,procedures and law will help keep the prices stable. but these are short term factors. the prices have to come down eventually.

                    Comment


                    • Re : Builders & Real Estate Bulls Theory Proved Wrong

                      Originally posted by hitmady View Post
                      It's utter shame when people compare RE in Mumbai/Pune with Japan (which has infra atleast 25 years ahead of India).
                      People must be ass-hole to believe in such comparison and pay high-rates in Mumbai/Pune.
                      True. Add to it the civic sense which is absolutely absent in India. How many beaches visited by tourists are free from garbage? Add to it people spitting Gutkha/Pan. Some people produce like cockroaches.

                      BTW, I was reading posts of a real-estate investor in USA (who has witnessed 2 RE crashes).
                      He described 3 early signs of RE bubble as below:
                      1. When entry-level house-price become unaffordable even for middle-income first-time buyers.
                      2. When banks become aggressive and give teaser loans with innovative schemes like low interest-rate for initial years.
                      3. When developers start constructing house as fast as they could to cash on boom, creating huge supply.

                      Result is huge supply of expensive homes with few buyers.
                      All signs lead to an eventual crash like he witnessed before.

                      Do you smell something similar in Pune/India?
                      Is RE in Pune/India heading for crash?
                      Yes its there, only hope that additional B-money should not come in. In any case, if money can't be multiplied, these 'gumnam' investors will run away. Btw, this Koda chap has invested in Pune too through a senior Congress state level minister, bloody suckers.

                      Originally posted by ttt43 View Post
                      most RE companies in india are not professional companies. there is a huge amount of illegal money in the business. those factors will help builders. also the population density and arcane and opaque rules,procedures and law will help keep the prices stable. but these are short term factors. the prices have to come down eventually.
                      Lets hope more & more professional corporates enter RE market. It is already being seen in metros. Let's hope other cities will see such players soon. The RE regulator bill will keep a tab on scorpio builders. This again works in buyers' interest as well as good RE companies. I am very much optimistic about this RE regulator bill will be introduced ASAP which will give many sleepless nights to PBAP. In any case, I agree with ttt43 & others that prices will need to come to logical levels as the market is now driven solely by end-users alone.
                      If you are happy, you are successful.

                      Comment

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