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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 veeemkay View Post
    The Reserve Bank of India has hiked its cash reserve ratio by 75 bps to 5.75% as against 5% at its credit policy meet today.

    Any Views?
    Hmmmm.....I was expecting 100bps hike though. Needs to be seen how will this impact home loan buyers.
    If you are happy, you are successful.

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    • Re : Builders & Real Estate Bulls Theory Proved Wrong

      Builder Website Suspended

      Miital Builders (Sun) website has been suspended. Check here:-

      ]http://www.mittalbuilders.com/[/URL]
      If you are happy, you are successful.

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      • Re : Builders & Real Estate Bulls Theory Proved Wrong

        Does it mean more interest on home loan is coming because f this?

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        • Re : Builders & Real Estate Bulls Theory Proved Wrong

          Originally posted by realacres View Post
          Miital Builders (Sun) website has been suspended. Check here:-

          ]http://www.mittalbuilders.com/[/url]
          Mittal does not have money to even host their website now!! Flat buyers beware of it!!!!!

          Comment


          • Re : Builders & Real Estate Bulls Theory Proved Wrong

            Originally posted by puser View Post
            Does it mean more interest on home loan is coming because f this?
            Not from tomorrow but maybe from Feb-Mar 10. If the reverse repo is hiked, it will be even worse. This is a part of RBI to reduce the liquidity from the market as fiscal deficit is rising alongwith inflation. Bubble is also being built in many sectors like RE, commodites etc. The rising NPAs amongst the banks is a cause of concern for RBI too.

            All in all, the days of artificial boom story created by builders is falling hard. Those who emphasised too much on stock markets have taken a beating as markets lost almost 1400 points in 1 week. RE surplus news has already been mentioned by fellow members here.

            The only mantra for now & future:- Don't Panic.
            Originally posted by amit3011 View Post
            Mittal does not have money to even host their website now!! Flat buyers beware of it!!!!!
            LoL. Seems Mittal delayed the possession for server space as well.
            If you are happy, you are successful.

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            • Re : Builders & Real Estate Bulls Theory Proved Wrong

              The only mantra for now & future:- Don't Panic.
              What about those who have bought flats at exorbitant rates (2-3 years back) hoping appreciation?

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              • Re : Builders & Real Estate Bulls Theory Proved Wrong

                Originally posted by puser View Post
                What about those who have bought flats at exorbitant rates (2-3 years back) hoping appreciation?
                They don't need to panic. They have to do the suicide!!

                Comment


                • Re : Builders & Real Estate Bulls Theory Proved Wrong

                  Originally posted by puser View Post
                  What about those who have bought flats at exorbitant rates (2-3 years back) hoping appreciation?
                  Don't know man. A member has already mentioned that he has lost INR 15L in last 2 years after making a flat purchase in Amit Sapphire Park, Balewadi. Anyways, those who bought out of appreciation & lost, I am least bothered about them coz they did not invest but gambled. So, no sympathies to gamblers.
                  If you are happy, you are successful.

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                  • Re : Builders & Real Estate Bulls Theory Proved Wrong

                    Rental are falling

                    http://timesofindia.indiatimes.com/c...ow/5511416.cms
                    If you are happy, you are successful.

                    Comment


                    • Re : Builders & Real Estate Bulls Theory Proved Wrong

                      The exorbitant rents mentioned in this article have to fall. I mean 48000 pm for a 3BHK? Four lakhs for a flat?

                      Obviously as supply increases, rent wil fall. As per supply, in Gurgaon, some 30,000 flats will be delivered soon. I expect rents of 10,000 pm for 3 BHK for the next 3 years.

                      It is the base rent, the floor rent for basic living, which will rise in recession and inflation. Not the rent for luxury. Currently in Delhi it is 15000, in Gurgaon it is 10,000, in Ghaziabad it is 5000 pm.

                      This will creep up with inflation (which the current CRR hike will not affect - instead, it will make bikes, cars and flats more expensive, so the CRR hike will stoke inflation - contrary but I am betting on it.

                      Have you seen the price of fruit, vegetables and clothes? I went to the market yesterday and come back saying who needs such expensive fruit.

                      Originally posted by realacres View Post
                      ]http://timesofindia.indiatimes.com/city/mumbai/Rentals-deflate-in-city-but-firm-up-in-suburbs/articleshow/5511416.cms[/URL]
                      Venky (Please read watch a or before posting)

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