tag:blogger.com,1999:blog-19740856.post3356258254899068019..comments2024-03-28T00:59:01.483-07:00Comments on India's housing bubble: Residental property prices to go up in PuneUnknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-19740856.post-16951926240482362302008-04-16T22:35:00.000-07:002008-04-16T22:35:00.000-07:00Very right.What is not coming into news is deals h...Very right.<BR/><BR/>What is not coming into news is deals have started to happen in Pune at reasonable rates where both buyer and seller are aware of actual market conditions. The rates were 1900~2200 in Kothrud, 1600~1800 in Aundh Annexe, 2000 in Baner etc.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-14744056626094897282008-04-12T07:23:00.000-07:002008-04-12T07:23:00.000-07:00A 3 bed apt in CLOVER HIGHLANDS at NIBM costs Rs90...A 3 bed apt in CLOVER HIGHLANDS at NIBM costs Rs90lakhs to purchase. The same is avail for rent at Rs25000/mnth.<BR/><BR/>The sale price is salvating greed froth created by builders and estate agents.<BR/><BR/>The rental price is the REALISTIC affordable price for the property. Considering that rentals should accrue a 6% profit. The Rs 25000/mnth rent means that the mortgage on the property shouldn't be more than Rs23000/mnth or at 10% interest rate the flat shouldn't cost more than Rs20 Lakhs.<BR/><BR/>I know the figure of Rs20lakhs sounds absurd but then look at how many apts are laying vacant in PUNE.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-39231011848522722042008-04-11T22:14:00.000-07:002008-04-11T22:14:00.000-07:00Good blog. Keep up the god workGood blog. Keep up the god workAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-60525161618560008492008-04-11T01:02:00.000-07:002008-04-11T01:02:00.000-07:00Buyers can not afford even current rates. So any f...Buyers can not afford even current rates. So any further hikes will not be bothering them as anyway housing is out of their acpacity now.<BR/><BR/>Let greed itself take down all builders to bottom.Anonymousnoreply@blogger.com