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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 herohiralal View Post
    Well the mistake is holding onto that flat in Wakad. If your rental yields are so low why not sell it make money on the capital gains? There are many people who want to stay in Wakad.

    Also a different question. by paying 3K in maintenance are you getting water 24/7 using tankers or something else?
    +1, agree completely.
    No point in holding on to the flat when the yield is so low, far, far less than even bank FD !! If you can make some profit, exit & rotate the money somewhere else, maybe metals & FDs.

    Apart from this, other news is :-

    And the DP of Pune has again been stuck. Wonder when will these so called DP roads & PROPOSED things will come up.

    According to IFC (Institute For Competitiveness) report 2012, Pune
    has slipped from No.4 position in the country to No.9 as far as competitiveness is concerned. Lack of adequate infrastructure to support the public transport, power and airport amongst others have been cited as the biggest roadblock in the city's growth and development.
    If you are happy, you are successful.

    Comment


    • Re : Builders & Real Estate Bulls Theory Proved Wrong

      Real Estate sentiments sluggish this Diwali: ASSOCHAM Survey

      The surge in demand for realty in festive season has fallen by 80% this year.

      Despite aggressive marketing and great offers made by developers on the eve of Diwali festival, the investment in the property have remained lukewarm due to high prices of houses in and around the NCR region. Major factors cited have been high prices of land and the unprecedented rise in the cost of construction materials, iron, cement, labour etc., says the ASSOCHAM survey.

      The survey was carried out in the major cities like Delhi-NCR, Mumbai, Bangalore, Chennai, Kolkata, Ahmedabad, Hyderabd, Pune, Chandigarh, Dehradun etc. The survey was able to gather information from 250 property dealers, noted 40 builders/ developers and 20 divisions of housing financing.

      The property analysts have predicted that till March next year the demand for plots, houses and flats may drop by at least 15 to 20 per cent.

      Complete report here :-

      Real Estate sentiments sluggish this Diwali: ASSOCHAM Survey
      If you are happy, you are successful.

      Comment


      • Re : Builders & Real Estate Bulls Theory Proved Wrong

        With jobs rare, grads seek temporary ones

        Recruiters see 30-40% rise in temp CVs

        A few years ago, temp jobs typically brought unskilled or semi-skilled workers into the market. Young graduates haven’t had it so hard in a while. There are fewer campus offers being made by companies and even where offers have been made, the joining dates are getting stretched. This has forced many to queue up for temporary – better known as temp – jobs. Staffing firms have seen a 30-40% surge in the number of CVs coming in for such jobs in the past few months.

        Unlike in a regular job, where the recruit is on the payrolls of the company or organisation, a temp candidate sits on the payrolls of the staffing firm that has hired him but is deployed to different companies for short durations of 12-24 months for functions which are largely industry agnostic. According to Aneesh G Laikar, CEO of search firm Selectema Consulting, temps are preferred for functions like finance, administration, accounts, sales, data processing.

        A few years ago, temp jobs typically brought unskilled or semi-skilled workers into the market. Today, with permanent jobs hard to land, even MBAs and engineers are queuing up for these despite the fact that the salaries are 10-12% lesser.

        Sangeeta Lala, senior vice-president at temp staffing firm TeamLease Services, said the overall hiring momentum for temp jobs has held steady in the last six months or so, though hiring for permanent jobs has dwindled by as much as 20%. Going by her, where earlier they would receive 300-400 CVs a day, today that number has zoomed to over 550.

        “Thus, people are becoming more open to temp jobs. We are seeing a lot of applications.”
        The organised temping sector has, in fact, been growing at a healthy pace of 20-25% for the past year, said Rituparna Chakraborty, vice president, Indian Staffing Federation.

        With jobs rare, grads seek temporary ones - DNA - English News & Features - BUSINESS & ECONOMY - dnasyndication.com
        If you are happy, you are successful.

        Comment


        • Re : Builders & Real Estate Bulls Theory Proved Wrong

          Originally posted by realacres View Post
          The surge in demand for realty in festive season has fallen by 80% this year.

          Despite aggressive marketing and great offers made by developers on the eve of Diwali festival, the investment in the property have remained lukewarm due to high prices of houses in and around the NCR region. Major factors cited have been high prices of land and the unprecedented rise in the cost of construction materials, iron, cement, labour etc., says the ASSOCHAM survey.

          The survey was carried out in the major cities like Delhi-NCR, Mumbai, Bangalore, Chennai, Kolkata, Ahmedabad, Hyderabd, Pune, Chandigarh, Dehradun etc. The survey was able to gather information from 250 property dealers, noted 40 builders/ developers and 20 divisions of housing financing.

          The property analysts have predicted that till March next year the demand for plots, houses and flats may drop by at least 15 to 20 per cent.

          Complete report here :-

          Real Estate sentiments sluggish this Diwali: ASSOCHAM Survey
          And Govt is trying to revive the economy by trying to fund realtors .
          Demand won't come back till the time prices become affordable or incomes increase to match prices.

          Check this link. Rental yields in metros have dropped to 1%!

          Metro rental yields hit record lows in 2012 - Hindustan Times

          Comment


          • Re : Builders & Real Estate Bulls Theory Proved Wrong

            I have posted Nanded City Review here :-

            http://www.indianrealestateforum.com...164-page2.html

            Post # 20.

            Please do have a look.

            Apart from this, the profits for Unitech & DB Realty has fallen by 45-50%, while DLF profits have fallen by 65%.
            If you are happy, you are successful.

            Comment


            • Re : Builders & Real Estate Bulls Theory Proved Wrong

              Thanks for the link realpune .
              This only solidifies the fact that the RE bubble is now way too big to sustain. I am sure, many investors wanting to make quick buck & invested post 2007 will surely see their returns go down the drain.
              And got some more news about Pune RE, will post it here soon.
              If you are happy, you are successful.

              Comment


              • Re : Builders & Real Estate Bulls Theory Proved Wrong

                Just an observation

                Originally posted by realpune View Post
                And Govt is trying to revive the economy by trying to fund realtors .
                Demand won't come back till the time prices become affordable or incomes increase to match prices.

                Check this link. Rental yields in metros have dropped to 1%!

                Metro rental yields hit record lows in 2012 - Hindustan Times
                This article seems specific only to Mumbai Metropolitan Region and the National Capital Region (NCR).

                Comment


                • Re : Builders & Real Estate Bulls Theory Proved Wrong

                  Originally posted by AnkitS View Post
                  This article seems specific only to Mumbai Metropolitan Region and the National Capital Region (NCR).
                  Yes. Did not you read the comment on my post ? It says rental yield dropped for metros! Mumbai and NCR are not metros ?

                  Comment


                  • Re : Builders & Real Estate Bulls Theory Proved Wrong

                    Originally posted by realpune View Post
                    Yes. Did not you read the comment on my post ? It says rental yield dropped for metros! Mumbai and NCR are not metros ?
                    Sure. My concern is with the trend seen in a couple of cities and using it to draw a conclusion around the health of the entire RE business.

                    The report on appreciation from some specific areas in Pune and some other cities was also by Knight Frank. This was discounted by you in an earlier post

                    The rental yields report also has excerpts from another Knight Frank report. This you endorse...

                    Quite convenient I would say..

                    Comment


                    • Re : Builders & Real Estate Bulls Theory Proved Wrong

                      Reduced activity on IREF ?

                      Off the topic. But recently (last 1 month or so), i am seeing much lesser activity on popular iref threads, when i compare with what it used to be earlier. This is true for both bulls and bears.

                      Comment

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