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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

    Reading TOI on Internet sucks. They have ads. blocking the headline and ads. for each hot news.
    Though I dont value their articles, I used to read TOI for timepass, but their ads these days suck.

    I never used to read IE, now you guys inspire me to read IE.

    Comment


    • Re : Builders & Real Estate Bulls Theory Proved Wrong

      Originally posted by realacres View Post
      IE used to be delivered at our house right from when I was in primary school & TOI used to be given to us in school.
      TOI also good to be given as "Scrap" due to ads, it registers more kgs
      I surf through products ads in TOI for window-shopping
      Last edited by hitmady; November 30 2009, 11:11 PM.

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      • Re : Builders & Real Estate Bulls Theory Proved Wrong

        More supply, less demand

        Another reason why RE prices need to correct further:-

        Pune would see an addition of over 53,000 residential units by 2011.
        Nilanjana Ghosh Choudhury
        Nov 24, 2009,Tue

        As per the latest Knight Frank Residential Report released on November 23, Pune would see an infusion of approximately 53,176 units, an addition of around 54.27 million sq feet, in the new residential space.
        The quarterly report released on Monday by Knight Frank indicates the development of over 533 million sq ft premium residential property between 2009 and 2011 across seven major cities.
        With 92,202 housing units, National Capital Region (NCR) will be the largest contributor. Mumbai will be second largest with 72,906 units. Pune would constitute 14% of the total national supply in the residential space.
        "In Pune, 2010 will witness the maximum infusion accounting for around 44% of the total supply. This can be attributed to the fact most of the under construction projects which were delayed have again started," said Gulam Zia, national director (Research & Advisory Services) Knight Frank India.
        Knight Frank India was launched in 1995. Today, it has presence across seven principal metros across the country. It has delivered over 3,000 valuation reports and over 1,500 consultancy assignments.
        The firm provides a comprehensive range of real estate related services covering residential, commercial, land, investments, hospitality and leisure, valuation, advisory services, facilities management and project management.
        The report reveals how developers in Pune have started re-strategising in order to increase residential demand after taking a hit in 2008.
        Members in the builders' association were asked to reduce prices to the maximum possible extent in order to stimulate demand. Some developers also offered price guarantee schemes. In case prices dipped after the booking was made, but before possession, the sale amount was revised accordingly.
        The study has divided Pune residential market in five zones. The north and north- western zone, the west and south-western zone, the south and south-eastern zone, the east and north-eastern zone and the central zone.
        The highest growth would be in the north and north western zone comprising areas such as Aundh, Baner, Wakad and areas along the expressway, which would see an addition of 22.5 million sq ft by 2011 amounting to over 20, 307 units.
        The west and south western zone comprising Kothrud, Karvenagar, Sinhagad Road and Dhayari is expected to see over 8,400 units being added by next three years adding up to 8.5 million sq ft.
        In the south and south eastern part with places like Wanavdi, Kondhwa, NIBM Road and Katraj, there would be around 9,057 units adding 5.85 million sq ft.
        In Hadapsar and Manjri areas in the east and north-east, an addition of 90 mil sq ft will be made. The central areas such as Deccan, Model Colony, Senapati Bapat Road , Shivajinagar, Boat Club Road, Bund Garden, Swargate and city areas would see approximately 0.5 milllion sq ft and 321 residential units.
        Anand Narayanan, national director (residential agency) Knight Frank India, said, "Our studies have revealed several interesting trends with regard to the residential sector.
        One of the most important trends emerging is the increased focus of developers on 2 and 3-BHK housing units from the 4 and 5-BHK and penthouses witnessed few years ago."
        Source:- 3dsyndication

        Btw, Lallu Jain after going bankrupt with Kumar Builders has floated a new company:- Kumar Urban Development Ltd.
        If you are happy, you are successful.

        Comment


        • Re : Builders & Real Estate Bulls Theory Proved Wrong

          But it seems rates are going high again

          Comment


          • Re : Builders & Real Estate Bulls Theory Proved Wrong

            Dubai top end comparable to Pune ..its not the PJ of the day!!TRUTH

            Originally posted by realacres View Post
            Another reason why RE prices need to correct further:-

            Pune would see an addition of over 53,000 residential units by 2011.
            Nilanjana Ghosh Choudhury
            Nov 24, 2009,Tue


            Btw, Lallu Jain after going bankrupt with Kumar Builders has floated a new company:- Kumar Urban Development Ltd.

            So now even Dubai is added to the list(former entries US and Singapore) for being cheaper then Pune.....
            Sea facing apartment in Dubai being sold.

            "Jumairah Beach Residence (http://www.jumeirahbeachresidences.c...band/index.htm), is believed to be selling prime sea-facing apartments for around Rs 11000 per sq ft. Greens Community, another popular residential area, has larger units available at Rs 9750 per square foot. "
            When will the Pune RE bubble will burst ???

            http://www.punemirror.in/index.aspx?...c1a2&sectxslt=
            Last edited by frugality; December 1 2009, 11:40 AM.

            Comment


            • Re : Builders & Real Estate Bulls Theory Proved Wrong

              TOI is a ****ographic publication that is sold out to all types of money interests

              Comment


              • Re : Builders & Real Estate Bulls Theory Proved Wrong

                Residex

                http://www.nhb.org.in/Residex/Data&Graphs.php

                Bottom line:
                Only Bengaluru and Hyderabad have seen a massive drop from 2007 levels.
                Pune has witnessed a 3% increase.
                Worst offender is Kolkata, where prices have increased by 60%.

                Comment


                • Re : Builders & Real Estate Bulls Theory Proved Wrong

                  Long live IE

                  TOI used to write against Gandhiji and Indian Independence during that era.

                  IE was started by Goenka to compete such newspapers (TOI) and it really raised issues in country's favour. It is still doing the same while TOI is now publishing Wine, Western Lifestyle and Women. I bet you won't find Sunday Times without the article on and relationships.

                  Comment


                  • Re : Builders & Real Estate Bulls Theory Proved Wrong

                    Originally posted by anup.thakare View Post
                    TOI used to write against Gandhiji and Indian Independence during that era.

                    IE was started by Goenka to compete such newspapers (TOI) and it really raised issues in country's favour. It is still doing the same while TOI is now publishing Wine, Western Lifestyle and Women. I bet you won't find Sunday Times without the article on s__e__x and relationships.
                    Seems this forum deleted some objectionable words from my post!

                    Comment


                    • Re : Builders & Real Estate Bulls Theory Proved Wrong

                      Originally posted by frugality View Post
                      So now even Dubai is added to the list(former entries US and Singapore) for being cheaper then Pune.....
                      Sea facing apartment in Dubai being sold.

                      "Jumairah Beach Residence (]http://www.jumeirahbeachresidences.com/lowband/index.htm[/url]), is believed to be selling prime sea-facing apartments for around Rs 11000 per sq ft. Greens Community, another popular residential area, has larger units available at Rs 9750 per square foot. "
                      When will the Pune RE bubble will burst ???

                      ]http://www.punemirror.in/index.aspx?page=article&sectid=62&contentid=200912 01200912010308217638fcc1a2&sectxslt=[/url]
                      Those are snap-bait figures. Regardless, the maintenance fees on any of these properties would be at least Rs 40,000/month. Probably the single most important aspect that many investors who are now stuck with their properties didn't realise while buying. Properties in Dubai chew you down in ways you can't predict.

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