tag:blogger.com,1999:blog-19740856.post1404169012433798436..comments2024-03-28T00:59:01.483-07:00Comments on India's housing bubble: Investors end up holding the bag in high-end apartmentsUnknownnoreply@blogger.comBlogger46125tag:blogger.com,1999:blog-19740856.post-54962899308888982502021-05-18T02:37:41.688-07:002021-05-18T02:37:41.688-07:00Thanks for sharing the information it helps a lot....Thanks for sharing the information it helps a lot. If your searching for <a href="https://www.jj-infra.com/jjs-hill-county/" rel="nofollow">Open plots for sale in Hyderabad.</a> JJ Infra is the No.1 Real estate company for Investmentsjjinfraindiahttps://www.blogger.com/profile/01030093860632728706noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-65207625848385833972010-05-30T16:26:09.664-07:002010-05-30T16:26:09.664-07:00anon above, you are surely sandaas or susu...bette...anon above, you are surely sandaas or susu...better live in your own created shit...!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-69890141035710256232010-05-30T10:06:38.504-07:002010-05-30T10:06:38.504-07:00I wouldn't go bye the opinions of losers.I wouldn't go bye the opinions of losers.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-5523808381825746762010-05-30T07:09:16.862-07:002010-05-30T07:09:16.862-07:00friends,
there is a news from pune real estate, In...friends,<br />there is a news from pune real estate, Indications are prices are nosing downwards, builders and investors are under pressure, buyers didn't turned up in much bigger numbers to the real estate exhibition in pune...<br />check out - <br />http://www.indianrealestateforum.com/pune/t-toi-property-exhibition-28th-29th-may-2010-11744.html<br /><br />spread this forum link to as many people as possible, this will help to increase awareness among the buyers...this blog is also helping us to know the latest in RE across India, popularise this blog among as many people as possible..Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-13216335901632048882010-05-30T06:34:52.490-07:002010-05-30T06:34:52.490-07:00@kasbekar
Mira road scenario is no better. In a d...@kasbekar<br /><br />Mira road scenario is no better. In a dilapidated 10 year old building, the asking price is Rs 4000 onwards. There is also acute water problem, sanitation problem and to top it all, law and order problem. Mira road has become an muslim ghetto, therefore the high prices and crime.<br /><br />Virar is slightly better but there too prices are shooting up.<br /><br />If I were you, I would start looking at Thane and beyond<br /><br />Best of LuckAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-91277714807583613142010-05-29T08:52:32.078-07:002010-05-29T08:52:32.078-07:00kasbekar rao,
marathi maanusni yevhdhi mothi amou...kasbekar rao,<br /><br />marathi maanusni yevhdhi mothi amount madhey padoo naye..<br />aapun appla dombivli kalyan bhandup madhech rahave...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-21158796466449685512010-05-29T07:09:31.724-07:002010-05-29T07:09:31.724-07:00Just returned from house hunting. Saw some flats i...Just returned from house hunting. Saw some flats in malad, kandivili, borivili as i wanted closeby place to my work which is andheri.<br /><br />To cut the story short, here is the summary.<br /><br />The best place i saw was in a building near inorbit mall. The building is 5 year old but reasonably clean except paan tambaku spits on elevator, ground etc. Garden was semi alive due to the shortage of water but groomed daily. Cars were crammed up everywhere and some of them were being washed using water meant for garden.<br /><br />Elevator is outdated but runs. The upkeep of the building was mas not satisfactory. One could see the streaks formed by muddy water on the exterior. This was due to people having mini gardens in their balconies.<br /><br />The flat that was shown me was 1260 sq.ft (covered area. I estimated that the total living area including bathroom/toilet to be not more than 700-800 sq,ft. <br /><br /><br />Now the price. After bargaining, the real estate agent asked for 9500 rs/sq.ft , total being close to 1.2 cr. out of which 50 lakhs cash to be paid. Though i can not afford ven 1/3 of the asking price, i kept on bargaining, but little progress was made towards end price.<br /> Next week, i am planning to explore mira road, virar etc. and let you know my experienceskasbekarnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-49637475463212397052010-05-28T12:54:41.419-07:002010-05-28T12:54:41.419-07:00The reality of realty is slowly dawning on people....The reality of realty is slowly dawning on people. All the theories floated so far in regard to the bubble have proven to be fictitious. Corrupt rule the roost. In cities like Mumbai, apartments are totally booked before the builders lay the foundation stone. The shelter less look at this in amazement and feel proud of bharat mata's achievement. <br /><br />Jai hindAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-20321017463781183032010-05-28T05:27:41.537-07:002010-05-28T05:27:41.537-07:00Pune real estate
http://www.business-standard.com...Pune real estate<br /><br />http://www.business-standard.com/india/news/pune-wakesto-kharadi/353806/<br /><br />BB is right. In all probability that call centres, IT companies will soon start their migration because of lower costs and better amenities.<br /><br />If you have rokda, this is the best place to put inSSnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-39585442913103184432010-05-27T21:38:22.667-07:002010-05-27T21:38:22.667-07:00Dear Amit,
To be honest I am out of Chembur/Mumba...Dear Amit,<br /><br />To be honest I am out of Chembur/Mumbai market. I see prices firming up further but frankly what is keeping me away is the loading factor. <br /><br />I am putting all my money in Kharadi Pune. I am purely looking at value buy (not necessary cheap) so that even in worst case scenario the downfall will be limited whereas the upswing will definitely out beat Mumbai.<br /><br />In case i come across anything, I will post.<br /><br />All the best,<br /><br />Bindas BhaiBindas Bhaihttps://www.blogger.com/profile/00800971599000783066noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-29570684849715573862010-05-27T04:44:25.407-07:002010-05-27T04:44:25.407-07:00Looks like builderberg group has some Pune/mumbai ...Looks like builderberg group has some Pune/mumbai builders in it too, along with indian central bankers who are allowing indian housing bubble to attain baloon levels.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-75806029256543371342010-05-27T00:52:08.684-07:002010-05-27T00:52:08.684-07:00BB, any good project going on in Chem now that is ...BB, any good project going on in Chem now that is decently priced (10-11k range)?Amitnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-23517951571563680652010-05-26T21:46:38.437-07:002010-05-26T21:46:38.437-07:00hello day dreamers,
the biggest deal in Indian rea...hello day dreamers,<br />the biggest deal in Indian real estate happened yesterday.<br />http://content.magicbricks.com/biggest-deal-6-acres-for-rs-4k-cr<br /><br />Any comments ?<br />Can you imagine after buying at this hefty rate around 90k psf, lodha will sell at what rate to make double the profit as said??<br /><br />hence why I am saying, If you have genuine need, go ahead and buy, that will start counting your payment towards EMI, then to pay rent, and create an asset for you.<br /><br />Regards<br />OMOMhttps://www.blogger.com/profile/14028307339185662733noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-20041083313692385632010-05-26T17:18:35.239-07:002010-05-26T17:18:35.239-07:00The fuse is lit!!!!!!!!!
http://www.dnaindia.com/i...The fuse is lit!!!!!!!!!<br />http://www.dnaindia.com/india/report_germany-hands-over-to-india-names-of-50-tax-evaders_1388307<br /><br />The black money wallahs are frantic. Last 2 two days, the hundi wallahs handled a massive $450 million (nearly 1000cr)transactions. All this flood is going to one destination, that is real estate. If at all there was a bubble, it is likely to become a baloon.Rachana, Brusellsnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-49669779172644868062010-05-26T06:33:47.544-07:002010-05-26T06:33:47.544-07:00Land deal by Lodha group is ridiculous, says Parek...<a href="http://www.dnaindia.com/money/report_land-deal-by-lodha-group-is-ridiculous-says-parekh_1387857" rel="nofollow">Land deal by Lodha group is ridiculous, says Parekh</a><br /><br />Expressing concern, Gulam Zia, national director with Knight Frank, the global real estate consultants, said the figures do not justify the project. “Even if we assume the developable space of 54 lakh sq ft, we are talking of 2,000-2,500 apartments of a similar size. To recover his costs, he will have to sell 500 apartments a year or about 2 apartments a day over the next five years. With each flat costing around Rs5 crore at Rs14,000 a sq ft, a question comes in mind as to who has that kind of money,’’ asked Zia.<br /><br /><i>I think he meant 5400 homes of 1000 sq ft each for Rs 2 crore at 20K per sq ft. Good luck Mr. Lodha !!!</i><br /><br />'Alternatively, even if we assume the flat size is roughly 1,000 sq ft, we are talking of 54 lakh flats costing roughly Rs2 crore each. Where would one find 54 lakh people having a salary of Rs40-50 lakh,’’ Zia added.<br /><br />Zia said that there are many large developments already coming up in the neighbourhood with no demand. RM Bhattad group is constructing 1,500 apartments, Dosti Flamingoes by Dosti Developers and Ashok Gardens by Peninsula Group are expected to add roughly another 3,000 apartments.shaileshhttps://www.blogger.com/profile/14407031960831830463noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-23737003136410472972010-05-25T22:44:16.502-07:002010-05-25T22:44:16.502-07:00The biggest game in town is Garden, Health Club an...The biggest game in town is Garden, Health Club and Swimming pool. I know this with good authority that complex with such facilities greater than 5 yeras have residents grumbling for paying outgoing for these facilities. Indians dont take care of their own homes or buildings, much less pay for all these facilities. also none the outgoings make any sense, when its upwards for 6000 rs. for a 2 BHK flat at a minimum. How does this not look expensive to people is beyond me??GetDFkOUTOFMUMBAIhttp://MUMBAISUCKSnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-49771067677780837942010-05-25T22:26:29.930-07:002010-05-25T22:26:29.930-07:00Nice Analysid Vik,
Would like to know ur thoughts...Nice Analysid Vik,<br /><br />Would like to know ur thoughts on where the power & water will be coming for these high end 4050 flats <br /><br />Where is the infra to support these projects when people are facing 4-5 hrs of load shedding & mumbai itself is facing water shortage....<br /><br />With Jacuzzis & Air Cnditioning & Cars that will be a given for people buying flats in the range of crores <br /><br />WHERE IS THE POWER , WATER & ROADS...<br /><br />WHERE IS THE INFRA ???ShouldWeFleeMumbainoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-69404695218633000062010-05-25T17:50:06.054-07:002010-05-25T17:50:06.054-07:00I think Lodha's have got it right here. The an...I think Lodha's have got it right here. The analyst is talking as if the project will be ready tomorrow. By the time the project is done it would be atleast 2016. Also rules might change which might give Lodha's extra FSI. In case of MMRDA development the builders don't have to pay the full amount at the time of getting possession of the land. They have 5-7 years to pay up. 4050 crores seems a lot of money but all they need to do is build 4050 flats each of 1 crore each to break even. <br /><br />Given an FSI of 1:1 builders normally build 90k sqft per acre<br /><br />here Lodha will build 90k x 22 = 2000 k sq ft<br /><br />with an FSI of 1:4 they can build 8000 k sq ft<br /><br />8000 x 1000 x 10000 per sq/ft =8000 crores. <br /><br />double of what is paid. If they price the apt at 20,000 their profit will be triple. <br /><br />the key here is the FSI.Vikhttps://www.blogger.com/profile/14772111799029574023noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-26621902135311769342010-05-25T14:22:16.991-07:002010-05-25T14:22:16.991-07:00I find expecting Rs 14K per sq ft in Wadala East (...I find expecting Rs 14K per sq ft in Wadala East (kind of middle of nowhere), is probably going to be pipe dream !!!shaileshhttps://www.blogger.com/profile/14407031960831830463noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-41365987925427797432010-05-25T14:21:23.840-07:002010-05-25T14:21:23.840-07:00Lodhas clinch 22-acre Mumbai plot for Rs 4,050 cr
...<a href="http://www.financialexpress.com/news/Lodhas-clinch-22-acre-Mumbai-plot-for-Rs-4-050-cr/623614/" rel="nofollow">Lodhas clinch 22-acre Mumbai plot for Rs 4,050 cr</a><br /><br />Lodha Developers on Tuesday emerged as the highest bidder at a Mumbai Metropolitan Region Development Authority (MMRDA) auction to bag a 25,000-sq metre (around 22 acre) plot at Wadala in central Mumbai for Rs 4,050 crore.<br /><br />Lodha plans residential developments on the site. The project will be priced at around Rs 14,000 per sqft. Abhisheck Lodha, MD, said: “With the upcoming monorail and metro rail both converging here and the new freeway being built along the harbour also joining here, this site will be by far the most well-connected site in the city.”<br /><br />Analysts said the price of was too steep. “Prima facie, it’s pretty difficult to justify the bid price at these numbers in that area. At 14,000 per sq ft, we see difficulty in the company making money. Given the price of Rs 4,050 crore and construction costs going up, they have to price it at an upwards of Rs 20,000 per sq ft. It will be difficult to attract buyers. A lot of inventory is coming up in that area, which will lead to downward pressure, impacting profitability,” said Ghulam Zia, national director, advisory services, Knight Frank India.shaileshhttps://www.blogger.com/profile/14407031960831830463noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-29015906911073816542010-05-25T02:18:31.033-07:002010-05-25T02:18:31.033-07:00In the last check, Sensex lost around 500 points.
...In the last check, Sensex lost around 500 points.<br /><br />Below 16K levels. It has already dropped like 2000 points in May.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-45498277206649641392010-05-25T02:16:48.575-07:002010-05-25T02:16:48.575-07:00Speculators in India would soon realize with the f...Speculators in India would soon realize with the falling stocks that RE is no different. When it falls it will be in a freefall.<br /><br />Stocks will be okay after a drop of few thousand on sensex, but RE will not recover for like 10 years or so.<br /><br />It is a sellers market in India and not a buyers market. Be very careful if you are buying. The party seems to be getting over now.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-77340687927459769212010-05-25T02:13:18.682-07:002010-05-25T02:13:18.682-07:00I just checked Rupee is at 47.74 now.
The curren...I just checked Rupee is at 47.74 now. <br /><br />The current Indian economy is based on borrowed money and majority is debt unlike all the failing countries like Greece, Spain etc. And on top of it there is a massive RE bubble.<br /><br />I see Rupee going to Rs. 55-60 in a year or so. And the way Dow is going down, Euro is going down, Sensex will take a dive too. Foreign investors will fled India and there could be a drop of 6000-7000 points on Sensex. That means Rupee goes to RS. 60. And if RE bubble bursts, Rupee could take a further hit and if S&P downgrades India's debt, all growth goes to toilet for a long time. It will take India at least 10 years to come out of the bubble mess it has created for itself.<br /><br />the only way out is if RBI increases interest rates by 400-500 basis points. Which it will not as it doesn't want the bubble to burst. It wants to maintain the bubble at somewhat okay inflation. But if Inflation is not controlled, there could be unrest.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-39112493401175717892010-05-24T16:52:55.716-07:002010-05-24T16:52:55.716-07:00India Surrender Certificate is good news for peopl...India Surrender Certificate is good news for people hoping for a Housing Crash. The smart NRIs just figured out that Babus in India will implment laws retroactively and will charge anyone anything they like. The smarter NRIs will pull their money out first, from housing and stock market. Then the exodus will begin as the prices start to fall and the fear grows. I suggest, move to cash for now.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-12977072491904292002010-05-24T16:07:11.586-07:002010-05-24T16:07:11.586-07:00I HOPE ANOTHER BIG EARTHQUAKE HITS AHMEDABAD SO AL...I HOPE ANOTHER BIG EARTHQUAKE HITS AHMEDABAD SO ALL NRI BLACK MONEY BUILT HOUSES COLLAPS, I NO LONGER CAN WAIT FOR THIS STUPID BUBBLE TO POP. OR PAKISTAN SEND MORE MISSILES IN GUJARAT TO KILL THIS BUBBLE. WASTED 15 YEARs IN USA COLLECTING PENNY AND DIMES TO RETIRE IN INDIA AND NOW I CAN'T BUY MY DREAM.Anonymousnoreply@blogger.com