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Mathematics on Pricing of Land

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Mathematics on Pricing of Land

Last updated: August 5 2009
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  • #31

    #31

    Re : Mathematics on Pricing of Land

    Sethugam,

    2009 will see another 20% fall

    Comment

    • #32

      #32

      Re : Mathematics on Pricing of Land

      Reduced to 20 %

      Originally posted by sethugm View Post
      "It is like riding a tiger, not knowing how to get off without being eaten" are the everyone's statement as many of them are from Raju's state.

      Its the same case with few here ...have bought the land at higher price and did not book the profit at the correct time ...now they see the value had depreciated to 40-50 percent and waiting to see this decimated to 20%.
      I wanted to say that some of the properties will be redued to 20 % as rightly predicted by Wiseman.

      Originally posted by Nataraajg007 View Post
      Sethugam,

      2009 will see another 20% fall
      We can say a minimum of 20% further fall in 2009 . The slowdown , markets , employment and Satyam-like findings/revealation etc etc..will have to define the maximum..

      Cheers
      Last edited January 17 2009, 04:44 PM.

      Comment

      • #33

        #33

        Re : Mathematics on Pricing of Land

        Sethugm, you are a bear on RE for sure. I will appreciate if you can quote actual prices in 2007 and then in 2008 for the same place and show us if prices fell 20%. Dont talk about flats where the builders jacked up prices to anylevels since they had profit margins of 200% and have reduced it to 150% now. Talk about land.
        Dont state prices will fall in 2009. THey havent fallen in 2008 in reality so why are you spreading an imaginary misinformation like Wiseman.

        Comment

        • #34

          #34

          Re : Mathematics on Pricing of Land

          Originally posted by Nataraajg007 View Post
          Incidentally for all the doomsday talkers on this board. Last month I visited AECS layout in Bangalore. In 2002 December I missed buying a property there for 32L (4000sft).. I saw a land on the same road with a SALE advt board on it. I called the number and the guy who spoke to me said that it was sold just a few days ago and with some prodding said that he asked for 4500psft and got 4200psft.

          Wiseman has visted AECS layout in Kundanahalli (Whitefield area) to find it out for himself. He mentioned that this road has been made into a commercial site. He is right. Almost 10 times in exactly 6years. And this place is about 20km from MG Road.
          So those of you who yet believe in the bull story, you are most welcome to do so. It is just an obsession of the have nots to imagine that prices are rising. No doubt even approved lands and flats have fallen. However in the first place only fools will buy such land.. Just that number of fools in Chennai have reduced.


          That means that property price in Tiruvanmiyur has reduced from 10000 to 8000.
          So Wiseman is right to some extent. He can write here about bull story,. Fools who dont know about today, who cant plan for tomorrow
          You are employed by Wiseman to write crap. Enjoy!

          Comment

          • #35

            #35

            Re : Mathematics on Pricing of Land

            Originally posted by wiseman View Post
            There are fools. One can sympathise with them because they know not what they do.

            Then, there are greater fools. They buy when every one else is running scared. One can only pity them!

            Then there is the greatest fool of all. He is the one who talks about missing buying a plot in 2002 and asking for a price today. But mind you, he does not say that he actually bought any land. He acts as though he is a buyer, only to sell some land he is holding (maybe at a loss) to you so that you become the sucker he is now.

            Welcome Nats, the greatest fool of all!

            Note: till date he has never admitted to buying anything in the last couple of years. But he keeps goading all you others to buy as if there is no tomorrow. Why? So that he can sell his land and get out! And leave you holding the crap!

            Btw, Nats, I have been short IT for last nearly 2 years. Started going short in Infy around 2400 levels and have only made a lot of money, not lost any. I wish I had shorted Satyam. But sadly for you, you seemed to have forgotten that I've been a bear on the markets for quite some time. So, please tell me, how could I have lost money on this Satyam Fiasco while I've been a bear?

            Sometimes, in your efforts to froth at the mouth, you must also pause to use your brains!!! :p ROTFL

            cheers
            Wiseman, just setting up a name like that cannot make you one bit wise and does not give you any right to call me a fool. After all you can do no better than get one chela to have a name id similar to mine and try to confuse readers. Shows the abyss of your CHARACTER.
            As for your great intelligence about stock markets. Did you predict on any board about a fall in dec 2007. I have asked people to sell out of Stock markets when nifty was at 5900 and it tested 6300 and fell. So please dont sell your stock market crap on this board as it is about Realestate and REALESTATE IS NOT STOCK MARKET. Ofcourse you can always talk in retrospect about your so called right decision and your shorting Infy.
            BUT LET US COME TO BRASS TACKS. YOU YOURSELF CLAIMED TO BE OWNING/MANAGING A SOFTWARE COMPANY DEALING IN HEURISTICS TO AI TO ANYTHING ELSE. HAVE YOU SOLD OUT YOUR COMPANY? ARE YOU YET HAVING MONEY TO PAY YOUR EMPLOYEES? OR ARE YOU BANKRUPT AND THE ANGER OF YOUR FAILURE MAKING YOU WRITE DISPARINGLY IN THIS FORUM. YOU DID NOT SHORT SATYAM IS OK. DID YOU SHORT YOUR OWN COMPANY...MEANING DID YOU SELL IT OUT? ATLEAST YOU SAID YOU OWNED THE COMPANY JUST A COUPLE OF MONTHS AGO. THAT SHOWS YOU ARE THE BIGGEST LIAR ON THIS BOARD.
            Now if you even have a little sense of shame (I know you never took my challenge about your post graduation college...shadily gave some info on your background) then without using your silly battery of nonsense writers like whatheheck and your new id nataraaj... try to take up my challenge on finding me property with your bear prices in the areas I mentioned. You can go back to the message to which you replied and answer it.
            I bet you dont have even an iota of worth in you to answer it. You simply keep talking about stock market when challenged about bearishness.
            Now since you claim to be a PISTA in stock markets. Please tell us the index level bottom for Nifty in the next 2 months or 12 months. Tell us data on Nifty.
            Stop talking like a coward and crybaby. Try to put up some worth about yourself. Dont disappoint your parents for having given birth to a coward like you! Got it...got some shame buddy?

            Comment

            • #36

              #36

              Re : Mathematics on Pricing of Land

              Originally posted by sethugm View Post
              I have few (5-6) of my colleagues invested 8-10 lacs in stocks.

              Dec-2007 , everyone of them were happy to have invested as their portfolio were 50-60 percent up.

              But March-08 , their shares came down to the original price at which they have bought. As months passed on,the prices have been falling atleast 10 percent per month and Sep -08 they were reduced to 30 percent of the bought value. Since July-08 they were waiting for the increase in price so that they can exit(they know the slowdown as they keep upreast with all the industry/finance news) and atleast break-even.

              Had they sold the stocks between Apr-Aug 08 , they would have escaped with minimal loss.

              "It is like riding a tiger, not knowing how to get off without being eaten" are the everyone's statement as many of them are from Raju's state.

              Its the same case with few here ...have bought the land at higher price and did not book the profit at the correct time ...now they see the value had depreciated to 40-50 percent and waiting to see this decimated to 20%.

              Dont worry guys , we will have more lands for sale at the price of our wish(realistic).

              Prolonged waiting is the characteristics of a bear & Natraj and Co are waiting and waiting to sell the land.Real Bears Bears Bears. As there is no standard index for RE , trying to portray the wrong story .But everyone is aware of the scenario.

              People whom were called as bears in this forum are cash-rich and waiting to buy lands/apartments. Real Bulls..

              Comeon Kings and Emperors ... More they wait ... More good for us.
              Comeon buddy, come up with facts. Simply writing long stories is like politicians who say things they like without any meaningful data. Please come out Sethugm if you are worth even a bit and tell us data about prices of land in some 3 selected places in 2007 and 2008. And show us the correction.
              Dont give lectures, for that there are other forums? Talk about RE not stock lectures and your hopeless friends who bought in 2007.

              Comment

              • #37

                #37

                Re : Mathematics on Pricing of Land

                Originally posted by Natarajg007 View Post
                Comeon buddy, come up with facts. Simply writing long stories is like politicians who say things they like without any meaningful data. Please come out Sethugm if you are worth even a bit and tell us data about prices of land in some 3 selected places in 2007 and 2008. And show us the correction.
                Dont give lectures, for that there are other forums? Talk about RE not stock lectures and your hopeless friends who bought in 2007.
                Nats,

                When there is no transaction in RE , that means the RE market is dead now and there is no buyers because greedy people you/brokers who have manipulated the prices.

                Am not writting long stories like you. Am writting the facts collected from field and from friends .And all the market researchs done by the leading companies say that prices are undergoing 'correction' and will undergo 'correction' . Whats needed at the moment is 'correction' in your mind .Accept the facts you poor guy.

                You have to spend atleast 20% of amount of time you spent in this forum ,in reading ET BL TOI Hindu and other leading newspapers/Web to know the financial happenings in India/World.And try to learn to write with proper paragraphs/punctuation and space etc . Am not able to read the long stories you have posted because its not readable/attractive . So I am not wasting my time in reading your posts.

                JFYI , Check 'Preview Post' button b4 you click 'Submit Reply/Post' .If you
                can read and understand your posting , then proceed with 'Submit Reply/Post' . If you religiously follow this , am sure I would have seen hardly 3-4 postings and thats because of the manual mistake . You would have pressed 'Submit' before 'Preview'.

                If you are worth a little bit, Can you tell me any recent RE transactions in the recent past at 60 % of the prices that you are quoting like 2C 3C 4C.

                Am telling about the stocks here because the same guy who was planning to build a house in the land he owns ,does not even have Rs 10 Lacs to start with and may be forced to sell the plot if things go wrong for another 6 months.

                We are seeing more such guys and many of those will plan to shelve off their RE investments ...So ..... More availability of lands ...

                Cheers

                Comment

                • #38

                  #38

                  Re : Mathematics on Pricing of Land

                  Originally posted by Natarajg007 View Post
                  Comeon buddy, come up with facts. Simply writing long stories is like politicians who say things they like without any meaningful data. Please come out Sethugm if you are worth even a bit and tell us data about prices of land in some 3 selected places in 2007 and 2008. And show us the correction.
                  Dont give lectures, for that there are other forums? Talk about RE not stock lectures and your hopeless friends who bought in 2007.
                  Am not writting stories Nats . I dont have any other intension other than to see RE prices to fumble to the realistic levels. Probably you might own some 750 sqft land (your worth) and striving hard to sell it at unrealistic price .

                  I had to narrate the stock story(fact) of my colleague because he was planning to construct a house in a land he owns . Now he does not even have 5/10 Lacs to start the construction . And he is more bothered to go for house loans as there is a possibility the project will be off-shored.

                  If things in stock market goes wrong for another 6-12 months , he may plan to sell the land he owns. Result ...one more plot on sale ....We tend to hear more such availabilities and will drive the price to plummet ... He may do it early on a distress sale ...

                  You may not have an oppurtunity to know the happenings around the world ...Nortel.. Nadra...RBS . More such 'Halt of Business' to follow .Kindly do atleast 1 hour study/preparation before you comment like "Chennai RE is not IT/ITES dependant and isolated from global slowdown(now its meltdown)" .

                  BTW , Whats your quote on your 750 SQFT vadapalani land ===> 3 C now ?

                  Pls understand this is not 'Kalakkappovathu Yaaru' (A Comedy Show in Vijay TV presided by senior actor Pandiarajan - whose comedy with bunch of fools bidding in crores for a worthless thing) and you are repeatedly trying to impress Mr Pandiarajan .
                  Last edited January 22 2009, 02:57 PM.

                  Comment

                  • #39

                    #39

                    Re : Mathematics on Pricing of Land

                    Builders have big fat money

                    First of all i would like to say thank you for Mr.Natraj for his vast knowledge in the real estate sector and his way of explaining mathematically the cost calculation of a flat. Actually seeing your calculation i though how much hard earned money these builders make by making fool of MIG people. My opinion to this thread what ever be the market condition(recession etc) these guys wont let the price come down bcoz they have made a big profits in the past and they would survive even in the worst market condition.

                    Comment

                    • #40

                      #40

                      Re : Mathematics on Pricing of Land

                      Originally posted by karthickj View Post
                      First of all i would like to say thank you for Mr.Natraj for his vast knowledge in the real estate sector and his way of explaining mathematically the cost calculation of a flat. Actually seeing your calculation i though how much hard earned money these builders make by making fool of MIG people. My opinion to this thread what ever be the market condition(recession etc) these guys wont let the price come down bcoz they have made a big profits in the past and they would survive even in the worst market condition.
                      the flat prices have increased alongwith land prices too.so the MIG who sold land to these builders made lots of money too.the flat prices are not going down much bcoz the land prices there (held by MIG) is not going down a lot.see any builder prices his flats according to the market value of land there(cons cost is constant for all locations). and if builder X had bougth at a higher price and quoting a higher price then if land is cheaper there builder Y will buy and quote a lesser price.every one wants to book profit at the earliest.
                      the point is if land prices fall the flat prices will too.

                      Comment

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