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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 compuwalah View Post

    ha ha

    means foundation being laid for next massive growth overall including RE .

    ... dreaming of rebirth and reincarnation when death looms large, is not optimism in modern times.

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    • Re : Builders & Real Estate Bulls Theory Proved Wrong

      there is a slowdown, no doubt - but the examples don't seem very sound.

      "Arindam Chakraborty, 31, project manager with a Gurgaon-based technology services and consulting company, is an avid gamer. He has a collection of about 90 PlayStation 3 (PS3) games, with titles ranging from Madness Returns, Army of Two to Alone in the Dark. Each game sets him back by about Rs 3,000 and, till recently, he bought about three new games a month. Now, it's one game in three months."

      Such examples paint a picture of IT folks as a bunch of spoilt brats with lot of easy money. Most of us would know enough IT people, but hardly any who spend Rs.9000 p.m. on PS3 games!

      Conversely, if Arindam spends 9K a month on PS3 games, he better lay off that habit - recession or no recession!

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      • Re : Builders & Real Estate Bulls Theory Proved Wrong

        Originally posted by realacres View Post
        Man, again classic manipulation by a bull.
        The flats which are coming up in US are coming in some of the best localities in the city where normal condos aren't affordable. One such building is coming up at Manhattan. Now ofcourse, if you feel that XRBIA has world class infra & upmarket address, then.....
        hi real,

        where exactly in manhattan this building is coming up..

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        • Re : Builders & Real Estate Bulls Theory Proved Wrong

          Originally posted by realacres View Post
          New cities required : Yes,
          Govt has failed on infra front : Yes,
          But will better infra in suburb reduce RE prices from builder side : No.
          Infact, look at the land rates of NC, Amanora, BR etc. it is at throw away prices, yet prices are high. Better infra in suburb, more FSI blah, blah will reduce prices is just builder gimmicks to gain more profit. Look at what Hiranandani did at Powai, which was meant for MIG-LIG population.

          Unless buyers stop buying, even if land, material, labor is given free of cost, builders will see how much they can squeeze. End user is the king, if s/he stay out, prices will fall, no matter which part or location it is at.

          Man, if better infra, good governance would have been the only criteria, RE prices in US would have never fallen.
          One more thing is required for property prices to fall - end of massive govt control on property ownership - and the attendant corruption, black money and other evils.

          As long as the Congress misrule continues, property will not be allowed to fall by all kinds of means (mostly wrong means). Congress is the biggest beneficiary of these high prices - and the common people are the biggest losers.

          And yet they elect Congress. THe people are idiots and deserve the misrule they are getting.

          We are all celebrating the passing of the new act - unfortunately, the Congress will only misuse this act to manipulate property prices upwards. The more the real estate regulation the more the prices rise.

          In Delhi, builder floors were built into oversupply and went into a recession. People are holding, prices are stagnant (because people are not selling at a loss). So supply and demand does work in the end.

          Real estate regulation basically throttle the supply and create a supply demand mismatch. Keeping prices high.

          BTW, Mayawati created a oversupply situation for flats in NOIDA. When deliveries start, expect a 10 year freeze in prices
          Last edited by Venkytalks; June 5 2013, 07:11 PM.
          Venky (Please read watch a or before posting)

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          • Re : Builders & Real Estate Bulls Theory Proved Wrong

            congress is not coming now in 2014, its clear. people HATE this government, everyone hates them. so u think rates will fall if bjp comes to power? i dont think so. bjp would also not let prices fall

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            • Re : Builders & Real Estate Bulls Theory Proved Wrong

              If BJP comes to power prices will stagnate or correct or crash but for sure the rise will stop.

              But if Congress crashes currency before quitting office then re prices may zoom for one year before correcting
              Venky (Please read watch a or before posting)

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              • Re : Builders & Real Estate Bulls Theory Proved Wrong

                Between 1996 - 2003, [BJP rule] property prices had come down by > 50%

                RE prices started to rise the same year that CON-gress goons grabbed power.

                Amazing coincidence.

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                • Re : Builders & Real Estate Bulls Theory Proved Wrong

                  what r u talking? there was a great lull in real estate for a long time, prices did not crash or tanked when bjp was in rule.

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                  • Re : Builders & Real Estate Bulls Theory Proved Wrong

                    Originally posted by Venkytalks View Post
                    Congress is the biggest beneficiary of these high prices - and the common people are the biggest losers.

                    And yet they elect Congress. THe people are idiots and deserve the misrule they are getting.
                    Yes, you are so very right. People are not united in throwing these corrupt people out. When people are ready to vote for these idiots for getting Rs 100 in return for their vote, what can one expect ? We don't have a long term view and also never see the bigger picture. We are more of a "chalolo jab tak chalta hai" attitude.

                    Originally posted by Venkytalks View Post
                    We are all celebrating the passing of the new act - unfortunately, the Congress will only misuse this act to manipulate property prices upwards. The more the real estate regulation the more the prices rise.
                    Well, atleast it will stop the speculation in price rising. And there will be proper data to check and verify. The RE prices are gone up due to speculation and hoarding, rather than any real hardcore reason.

                    In conjunction with the 1% TDS, there will be more push towards transparency. I don't think many people will buy a property by paying 1Cr, but showing only less than 50L on paper. That's not practical. And even if they do, then both the buyer as well as seller will be caught later in the ITax (Income Tax) folks. Now why would anyone pay money and still fear the ITax folks. Certainly it will be difficult for a Salaried person to buy such properties.

                    Originally posted by Venkytalks View Post
                    n Delhi, builder floors were built into oversupply and went into a recession. People are holding, prices are stagnant (because people are not selling at a loss). So supply and demand does work in the end.

                    Real estate regulation basically throttle the supply and create a supply demand mismatch. Keeping prices high.

                    BTW, Mayawati created a oversupply situation for flats in NOIDA. When deliveries start, expect a 10 year freeze in prices
                    Well, atleast it will arrest the prices going up. Also in this time, sometime desperate to sell will sell at a lower price than market.

                    Comment


                    • Re : Builders & Real Estate Bulls Theory Proved Wrong

                      Originally posted by SanjanaSingh View Post
                      Between 1996 - 2003, [BJP rule] property prices had come down by > 50%

                      RE prices started to rise the same year that CON-gress goons grabbed power.

                      Amazing coincidence.
                      It may be true. I am not sure, but I heard that in Gujarat, the property prices are still very affordable.

                      This fact can be verified by the NCP/Congress scorpio class in Pune, itself.

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