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Property
Tracked by: 0 Boarder
Dear friend, if u r buying the proposed property for self consumption, go for it right now. If it is for investment purpose, u should wait, as the current economic slump all around the globe, sooner or later `ll force the builders to reduce the prices.
Thanks
Ashal...
In reply to:
Property prices not likely to come down
Posted by :
Guest
I am planning to buy a flat in a underconstruction tower at Kharghar. However I want to know if the property rates there are likely to come down or not. It\\\\`s close to proposed Airport and a big park ( like Santosa park, Singapore) is likely to come up there. Plz advice at the earliest. 
Tracked by: 0 Boarder
I am planning to buy a flat in a underconstruction tower at Kharghar. However I want to know if the property rates there are likely to come down or not. It\\\\`s close to proposed Airport and a big park ( like Santosa park, Singapore) is likely to come up there. Plz advice at the earliest. ...
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is it the right time to invest in property as indian stock market is going down & down ?...
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“Several investors are stuck simply because there hasn’t been enough price appreciation in the past one year,” says Raheja Developers Chairman Navin Raheja.
Several young investors invested in property at the peak of the property cycle last year. Many purchased two apartments simultaneously, assuming that they would finance one by selling off the other at a premium. They are now caught in a difficult situation as they bought at a higher market rate and are compelled to service two EMIs.
Some investors have started defaulting, according to a senior Parsvnath executive. “There is a significant rise in the number of people who are approaching us to cancel their bookings and return the money,” he says.
Property consultants feel that investors will have to bear huge losses if the markets do not improve during the festive season. Home buyers in the country are staying away due to the high interest rate regime and expectations of a correction following the realty crash worldwide. ...
In reply to:
Will property prices drop sharply now?
Posted by : Guest
I agree..the real estate price will fall in next 2 mnths...i have been hearing from friends woh are into real estate that many major builders are under heavy losses and they have no liquid...they are not able to keep their commitments of paying up in 3 mnths to various other parties...so hopefully prices will go down.....already they have started offering free parking and free stamp duty registrations....
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Right time to invest into property ?...
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I completely agree on this and as govt. has announced recently to make it mandatory for Builders to have LIG and MIG (Low Income Group and Middle Income Group) houses in their plan. However this need to be monitored closely , else we will be back to square-one....
In reply to:
Will property prices drop sharply now?
Posted by : Guest
People in India are afraid to point out that the real estate market is driven by the black money from tax evading businessmen and corrupt politicians and bureaucrats. Real estate is the only avenue to park these funds and slowdown or not these guys have no where else to take out this money and put into. They will stop rotating and speculating at the most and just hold. So unless the real estate market is regulated and made transparent it`s not going to reflect the true demand and paying power of the population. At most it will go down 20-25% from here and stay put for some time.
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Property prices will see sharp drop immediately, the reactions and the tremors are already felt and the casualties will be reported in 3 months time.The corrupt Indian politicians who have parked money in real estates, have already withdrawn leaving the recent speculators high and dry. The black money is now stashed abroad. I am Venkat from Training8m, Queensland Australia...
In reply to:
Will property prices drop sharply now?
Posted by : Guest
People in India are afraid to point out that the real estate market is driven by the black money from tax evading businessmen and corrupt politicians and bureaucrats. Real estate is the only avenue to park these funds and slowdown or not these guys have no where else to take out this money and put into. They will stop rotating and speculating at the most and just hold. So unless the real estate market is regulated and made transparent it`s not going to reflect the true demand and paying power of the population. At most it will go down 20-25% from here and stay put for some time.
Tracked by: 0 Boarder
I agree..the real estate price will fall in next 2 mnths...i have been hearing from friends woh are into real estate that many major builders are under heavy losses and they have no liquid...they are not able to keep their commitments of paying up in 3 mnths to various other parties...so hopefully prices will go down.....already they have started offering free parking and free stamp duty registrations.......
In reply to:
Will property prices drop sharply now?
Posted by :
stockgun
i think after the stock market, the property prices are the next to go.. in another 3-6 months we can see a sharp drop in real estate prices.. will increasing interest rates, the demand will slowly start reducing.. th only resistance in prices now will come from the demand that was waiting in the wings for prices to drop.. but after that blip that prices will steadily start falling...
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Whatever may happen unless atleast one builder goes bust prices are not going to come down and no builder is going to admit it....
In reply to:
Will property prices drop sharply now?
Posted by : pkk07
If that is your logic, why do you think people sell stock cheap? They should keep them till they get a better price for them.
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If that is your logic, why do you think people sell stock cheap? They should keep them till they get a better price for them....
In reply to:
Will property prices drop sharply now?
Posted by :
biswaska1
Disagree with you. I think you are planning for buying some property once it falls,even I am planning for same. Though we hear correction in real estate prices in many areas, if you actually check with builder or Land owner the rate is still same. I dont think they will agree to sell it at lower price. At the max it will remain at this level for sometime before appreciating again
Tracked by: 0 Boarder
People in India are afraid to point out that the real estate market is driven by the black money from tax evading businessmen and corrupt politicians and bureaucrats. Real estate is the only avenue to park these funds and slowdown or not these guys have no where else to take out this money and put into. They will stop rotating and speculating at the most and just hold. So unless the real estate market is regulated and made transparent it`s not going to reflect the true demand and paying power of the population. At most it will go down 20-25% from here and stay put for some time....
In reply to:
Will property prices drop sharply now?
Posted by : stockgun
i think after the stock market, the property prices are the next to go.. in another 3-6 months we can see a sharp drop in real estate prices.. will increasing interest rates, the demand will slowly start reducing.. th only resistance in prices now will come from the demand that was waiting in the wings for prices to drop.. but after that blip that prices will steadily start falling...
Tracked by: 0 Boarder
Yes I,fully agree with you, even inspite of heavy demand pepole can`t buy a house in Mumbai,Thane areas because of over pricing.The property rates in these areas are more than doubbled in last 2 to 3 years. The person whos buying capasity were 3bhk before 2yrs today he can afford only 2bhk in that,same with 2 & 1 bhk.Second thing developers are not intrested in building 1bhk witch is the requirment of a huge middle class people. One thing is sure now this market will crash & it will last mimimum for 2yrs....
In reply to:
Will property prices drop sharply now?
Posted by : stockgun
i think after the stock market, the property prices are the next to go.. in another 3-6 months we can see a sharp drop in real estate prices.. will increasing interest rates, the demand will slowly start reducing.. th only resistance in prices now will come from the demand that was waiting in the wings for prices to drop.. but after that blip that prices will steadily start falling...
Tracked by: 0 Boarder
If you want to buy a property at cheap rates in Mumbai, better settle in a slum area with your family in Bandra, Mumbai.
You will get a 400 sq feet house worth Rs 80 lakhs - Rs 100 lakhs for free by Government of India.
Obviously, the money for such a noble cause comes from honest tax payers staying in rented houses unable to afford housing in Mumbai....
In reply to:
Will property prices drop sharply now?
Posted by : stockgun
i think after the stock market, the property prices are the next to go.. in another 3-6 months we can see a sharp drop in real estate prices.. will increasing interest rates, the demand will slowly start reducing.. th only resistance in prices now will come from the demand that was waiting in the wings for prices to drop.. but after that blip that prices will steadily start falling...
Tracked by: 0 Boarder
Insolvency of real estate cos. in india is not realistic as of now though they are definetly going through a rough patch which is likely to continue for some time now, Demand however in the short time is going to be very low beacause of liquidity crunch, high interest rate, and inflation, this will lead to drop in prices which will increase demand in phases. ...
In reply to:
Will property prices drop sharply now?
Posted by :
rajan3
The first companies that are going to file insolvency are real estate companies,since most of the bookings are not honoured due to banks going slow and low on housing loans .The reality companies have become totally dried up with no external borrowings no private placements of their shares no rights issues no deposits from public and dishonourment of bookings.The sale of lands will fetch only half the rate these have been purchsed .Wait for three months .All the flats will come for auction
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Developed Country and Developing country has a vast difference , there is demand i have no doughts but how many people can afford such prices. 77% of indian market is rural and earning below Rs.50 a day. If US goes under reccession most of the indian call center will be under trouble. Recently banks reject loan on LEHMAN BROTHER pay-slip. God help this market. i see a rapid drop in real estate in next 6 months , Siddharth Shah , UK...
In reply to:
Will property prices drop sharply now?
Posted by : stockgun
i think after the stock market, the property prices are the next to go.. in another 3-6 months we can see a sharp drop in real estate prices.. will increasing interest rates, the demand will slowly start reducing.. th only resistance in prices now will come from the demand that was waiting in the wings for prices to drop.. but after that blip that prices will steadily start falling...
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