Is it april fool. No not certainly. TNN accepts the fact !!!! TOI 1st april 2010. Rate hike won’t curb realty demand: Survey TIMES NEWS NETWORK Mumbai: Prospective home buyers in eight Indian cities, including Mumbai, Delhi and Bangalore, feel that prices of houses are already high, but interestingly, they also expect the prices to rise further. And brokers too agree. Mumbai, usually known for a high level of speculative demand for real estate, is witnessing demand from those who intend to buy property. On the other hand, speculators are eyeing properties in cities like Ahmedabad and Pune, a survey of real estate buyers and brokers by ICICI Securities reveals. “Most buyers expect property prices to rise, although they perceive prices are already high. This indicates cautious optimism,’’ the report concluded. “Perception of home prices being high is maximum in Mumbai and Pune,’’ the report added. The survey was done with the objective of looking at price perception among home buyers, their expectations about home prices and the affordability factor, said Gaurav Pathak of I-Sec who has co-authored the report. On the affordability aspect, the report noted, there was good demand for homes at current prices and developers were in a position to convert demand into transactions quickly. On the other hand, Pathak believes, any hike in interest rate is unlikely to dent either home prices or volumes. The survey also concluded that at present, about 64% Indian home buyers are endusers, meaning they intend to buy to live in the house. This indicates that for every three houses being sold, one is being bought for investment purpose while two are for enduse. I-Sec report also said that Indian home buyers are looking at new properties in upcoming locations, they are comfortable with leverage and the primary demand is for homes priced between Rs 20 lakh and Rs 50 lakh. The survey by I-Sec among real estate brokers showed that there was a perceptible tilt towards affordable housing in terms of queries from buyers while queries for houses in the premium segment have dropped significantly. Home Truths t The report said buyers are comfortable with leverage and the primary demand is for homes priced between Rs 20 lakh and Rs 50 lakh t At present, about 64% home buyers are end-users, meaning they intend to buy to live in the house
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  • TOI is always with the builders. The property times supplement doesn't ever say the property rates have reduced, it only says there is huge demand for real estate and market is looking positive.

    Else they will lose their ad revenue. If you have noticed, they have atleast 3 Full Pages of advt from "so-called-reputed-builders". So why will they kill that ad revenue.
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  • Ignore TOI...it cares more for its advertisers than readers..
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  • Originally Posted by niraj2010
    Ignore TOI...it cares more for its advertisers than readers..

    And even magicbricks quotes prices on their website about different locations which are far higher than reality. Focus on Indian Express:).
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  • Originally Posted by niraj2010
    Ignore TOI...it cares more for its advertisers than readers..


    All these chaps belong to same GANG yaar! Builders, local politicians, ToI, Agents, Bankers, ... everyone want have a pie of the RE cake. Common people not getting 10 Lakh-ish kind of salaries suffer in this process ...

    BTW, see the full-page advt. of 45-Acre Aundh township. TOI must have got crores for this ad. No wonder buyers have to shelve out 70L for a simple 2-BHK flat in this scheme, which costed just 14L in the same locality 5 years ago.
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  • Times of India is always partial to their advertisers.. Everything in it is for sale.. the frant page to their supplements.. Most of the education times are all these crooked fake computer classes and property times is supplemented by the builders..
    Do you think times will ever turn against an builder and publish an article that is anti- RE.. Even when the market had hardly corrected.. it came with articles that properties were at rock bottom and good time to buy..
    Media is powerful and one should not be manipulated into doing something they should ill afford.
    Be wise..
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  • Each edition of TOI porperty times has a heading - now is the best time to buy - this happens week after week after week, so you can imagine :-)
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  • n dont forget the number of property exhibitions TOI conducts..guess almost 1 every month.All this clearly indicates their interest towards builders....
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