tag:blogger.com,1999:blog-19740856.post485385771036089585..comments2024-03-28T00:59:01.483-07:00Comments on India's housing bubble: Who Is Jacking Up Property Prices In Mumbai?Unknownnoreply@blogger.comBlogger47125tag:blogger.com,1999:blog-19740856.post-51393495922812041672013-04-17T03:56:11.360-07:002013-04-17T03:56:11.360-07:00This comment has been removed by the author.Anonymoushttps://www.blogger.com/profile/12817050308503188859noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-79775064354218158792013-01-16T23:30:35.750-08:002013-01-16T23:30:35.750-08:00This comment has been removed by the author.sapnahttps://www.blogger.com/profile/01638508757726270328noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-85307708279684442802012-12-07T01:31:26.062-08:002012-12-07T01:31:26.062-08:00This comment has been removed by the author.rajnihttps://www.blogger.com/profile/06444939579267581761noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-83485083183922663412010-12-05T22:12:07.020-08:002010-12-05T22:12:07.020-08:00www.voicetheindia.wordepress.comwww.voicetheindia.wordepress.comUnknownhttps://www.blogger.com/profile/09980096746418095814noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-26358408951505052752010-12-05T22:10:53.687-08:002010-12-05T22:10:53.687-08:00Hi,
Please go through my blog
www.voicetheindia.wo...Hi,<br />Please go through my blog<br />www.voicetheindia.wordpress.com . I wrote one article about the New Airport at Panvel and its possible impact on the public and personal health.<br />regards<br /><br />AbhijeetUnknownhttps://www.blogger.com/profile/09980096746418095814noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-54812592135656944552010-11-20T02:52:28.454-08:002010-11-20T02:52:28.454-08:00Sone ki Lanka Hanuman ne jalayi thi. Sone ki Dwark...Sone ki Lanka Hanuman ne jalayi thi. Sone ki Dwarka pani me dub gayi thi. Sone ki Mumbai buildero ne nigali hai. Mumbai will also submerge in sea. This rush is before silence.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-31614218186832874972010-09-06T08:51:52.545-07:002010-09-06T08:51:52.545-07:00I would highly recommned people read the book call...I would highly recommned people read the book called "Manais,Panic and Crashes "by Charles Kindelburger. Personally, after reading this book and looking at histroy of capitalism and how it has turned out in western countries decades before, I feel very certian this is going to happen soon in India.It is just matter of time.<br /><br /><br />India's population has been high for many decades. People were still living and buying house as and when they required/desired. How come suddenly in last few years this sudden demand came in ? Demand came in from investors who wanted to become landlord ( mostly because of NRI's who worked hard ) oversees with dream of returning to India. Government/Politicians saw this as opportunity to fool these investors.Few years back, it seems government realized that if they create "image" of India as good place to invest( with help of politicians/builders), money will keep coming. They changed laws to allow unprecedented construction everyehere and create "Artifical" demand.<br /><br />After the downturn,the govenment in conjunction with builders have now entered in a vicious circle whereby goverment now feels compelled to keep builders afloat and allowing them to do anything to keep property prices artifically up. <br /><br />Builders have total accumulated debt in excess of 25000 crores. Think of interest payment on these loans which builders/developers have to pay. Banks are sitting on thes huge loans and government is saying nothing, rather letting the "Valuations" increase uncontrobably. This paper valuation increase gets reported in media and investors in US, UK ( without fully understsnding whats going on) get fooled and invest money in India for sentimental reasons.<br /><br />I think it is matter of about a year or 2 year when one would see major corporations and builders in India defaulting on loan and some bank run. Everybody will loose and will loose big.It has happened before and will happen again. Whenever markets get too much ahead of itself it fails.<br /><br />Just imagine what happen if major international banks/ hedge funds pull about 20% of money bak from India.Liquidity will dry up, lending will stop, debt intrerst will keep piling up and then eventually corporations/builders will default. This all can happen in months! may be in weeks. <br /><br />I sincerely hope sanity returns in market sooner than later.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-63111752864468370442010-05-09T23:55:02.681-07:002010-05-09T23:55:02.681-07:00Mumbai is the most sought after destination, no do...Mumbai is the most sought after destination, no doubt it. I have friends who work in USA but are actually from south india. They formed a group and invested in a upcoming project availing of loans in USA and buying property in Mumbai. To cut the story short, the reason why they do it is coz there was an immediate demand by the end user when they tried to sell the property and made a cool profit. They did not try it any state of south, coz there are lot of projects but no return on investment. Add to the investors, there is a genuine demand from the end user and people who migrate to Mumbai for a better job and top notch education for the kids. Look at the job prospects and salaries being offered in Mumbai, no where in the country can anybody match it. Also due to the heavily cosmopolitan nature of the city, people pour into the city. Females leave offices at late in the night without any worries coz it is safe city. Check the amount of females paying rent of 40,000/ month. They can afford it coz they are paid that well. By the next 10 yrs and the kind of infrastructure projects happening in the city. This will be a global city. Investing now will be the safest bet for any individual. Be it Mumbai, Navi Mumbai , thane etc. it depends on ones call but one will surely not loose money. With congress govt in the state and the center there is only one key word in the city "Development"Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-62745881011429707382010-04-11T12:59:59.362-07:002010-04-11T12:59:59.362-07:00are you kidding me, there are many apartments avai...are you kidding me, there are many apartments availbale in navi mumbai between 25-40 lakhs in navi mumbai, just work with broker or STOP posting crap here. may be you are one of the developer or investor trying to speculate prices here.<br /><br />jayAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-82726809697375262862010-04-11T11:50:16.074-07:002010-04-11T11:50:16.074-07:00Anon above (40Lakh),
You are taking shit-rubbish m...Anon above (40Lakh),<br />You are taking shit-rubbish mann...tell me what you did with your 40L in 2006..?? must have lost it in horse racing :))<br />Stop telling us any crap here...<br />If some one tell you to jump from the sealink bridge, will you jump???Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-48963926414120157702010-04-09T23:39:43.643-07:002010-04-09T23:39:43.643-07:00Hey I stareted following this blog in 2006 . i jus...Hey I stareted following this blog in 2006 . i just kept my 40 lack rs. Now I am not able to buy anything in Navi Mumbai. My plan was to buy at Cadel Road or Prabhadevi as price were supposed to b 25% of that times ( 2006a) value, Insted of that it is now 200-300% of that value.<br /><br />So all the visionaries till what time i'll wait?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-49772400949524110992010-04-09T11:18:05.881-07:002010-04-09T11:18:05.881-07:00I have been following both sides of the debate on ...I have been following both sides of the debate on this forum and frankly, I think Sabbalseshu and bindaas Bhai may have a point. It is good to encourage both sides of the debate.<br /><br />Seshu/Bindaas, I have noticed that your comments have been restricted to the Mumbai market, since I am assuming that you follow that more closely. Can you please advice me on the bangalore market? What do you guys think about current real estate prices in bangalore?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-65454179275329529662010-04-09T10:02:04.918-07:002010-04-09T10:02:04.918-07:00Anonymous 4:36
Have you been sleeping all these y...Anonymous 4:36<br /><br />Have you been sleeping all these years ? We have been governed by Italy and since Italy took over the admin and introduced Mafia in India, things have taken a different shape. The industrialists are in fact Capos and Sardar MN Singh is the consulgieri.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-10574942513547703532010-04-09T04:36:13.636-07:002010-04-09T04:36:13.636-07:00Denial is what cowards seek solace in. Let us forg...Denial is what cowards seek solace in. Let us forget about experts, their forecasts/predictions etc and come to terms with the ground reality. The fact is that housing has become unaffordable to 95% of the population. The rest 5% along with the highly corrupt government are devastating the commoner denying him/her shelter. <br />This clearly illustrates that Indians are incapable of ruling themselves. What we need is invite global tenders to outsource the running of the government. Let some country like UK, France or USA takeover India so that common person does not have to suffer the tyranny of Banias, Sindhis, Bhais corrupt illiterate north IndiansAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-44328230607209893982010-04-09T03:59:29.764-07:002010-04-09T03:59:29.764-07:00The "experts" say this and the "exp...The "experts" say this and the "experts" say that...<br /><br />Articles like the one above are such a bunch of crock.<br /><br />Who are these experts? How did they gain their expertise? Experts for whom? Do these jokers think we have an IQ of 75 or so?<br /><br />In the end it quotes the usual suspect Anuj Puri of Jones ...A renowned joker. Who I suspect sometimes to be Sundaas Bhai or Susssuuu who comes here and posts crap here!! :))Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-26641995578178065802010-04-08T22:10:24.494-07:002010-04-08T22:10:24.494-07:00If buying a house for investing, wait
There has be...If buying a house for investing, wait<br />There has been a rise in prices, but not enough push is foreseen in the short term.<br /><br />After almost two years, real estate deals have started hitting headlines. For instance, in the last quarter of the previous financial year, Emaar MGF sold 650 flats, priced at Rs 48-80 lakh, in its Gurgaon project within a day of launch. And, a 3,475-sq ft flat in Samudra Mahal, Mumbai, was yesterday reported to have been sold for over Rs 99,000 a sq ft.<br /><br />This is primarily because the stock markets have gone nowhere in the past six months. If one looks at the Bombay Stock Exchange Sensitive Index, the numbers have been range-bound. The Sensex was at 17,126.84 in September-end; yesterday, it closed at 17,126.84, a rise of 4.75 per cent.<br /><br />Analysts feel the new interest in the residential property market is mainly because investors are staging a comeback. "Other than investors, sales in the last six months were to those who upgraded their houses or non-resident Indians making purchases. The interest from first-time buyers is still not prominent enough to support rising sales," said Raja Kaushal, executive director and chief operating officer at BNP Paribas Real Estate Advisory.<br /><br />Investors are seeing more opportunities in residential property. By contrast, the outlook for commercial property remains bleak due to oversupply. Take the example of Mumbai, where eight million sq ft were added in 2009. Another estimated 11 million sq ft would hit the market in 2010. However, 12 per cent of the current supply in the city has still not been absorbed.<br /><br />The interest in the residential segment has already led to an increase of 15-20 per cent in prices, depending on the location and the city. But, since buyers who are actual users are still sitting on the fence, experts anticipate a slight correction of around 10 per cent. "There has been some softening of prices in March and it will continue for some time," said one.<br /><br />The resistance also means one should expect realistic returns before making an investment in property. "The significant appreciation over the past five-six months was only because the market had bottomed out," said Akshaya Kumar, founder and CEO, Park Lane Property Advisors.<br /><br />Experts feel that in the coming months, there cannot be any significant price rise due to the cyclical nature of the property business. Developers sell more than 80 per cent of residential flats between October and March. This is the period when property rates increase. Also, experts note that interest rates on home loans are rising.<br /><br />As a result, investors in property are not likely to get great returns in the short term. Currently, yields on residential real estate can range from as low as 3 per cent to as much as 5 per cent. This means the investor's annual earning through rent will be much lower than what he can make in a bank fixed deposit. This earning becomes almost zero if the house has been bought on a loan. Experts, hence, say that one should invest in a property after taking the future appreciation in its value into account, rather than the rent.<br /><br />"We are advising clients to look at projects cautiously and have a holding period of four-five years," said Kumar.<br /><br />For those looking to buy a residential unit for investment, experts said it would make sense to wait for another quarter before doing so. Also, while the prices correct, don't invest with a developer who is just starting out. Rather, look for projects that are at least 50-60 per cent complete.<br /><br />"Such projects will be 20 per cent cheaper than the existing value in the area and will also have surety of completion," said Anuj Puri, chairman, Jones Lang LaSalle Meghraj. "Look for opportunities in Tier-I cities only. They have displayed better resurgence in the past three years since the global economic downturn," he added.<br /><br />Source: Business StandardAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-30183286808421970562010-04-08T21:49:45.515-07:002010-04-08T21:49:45.515-07:00Anon above:
You stink, stop talking shit and add ...Anon above:<br /><br />You stink, stop talking shit and add value to this blog..Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-10269078915072252402010-04-08T21:49:22.652-07:002010-04-08T21:49:22.652-07:00Anon above:
You stink, stop talking shit and add ...Anon above:<br /><br />You stink, stop talking shit and add value to this blog..Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-73799184603466551012010-04-08T19:53:02.579-07:002010-04-08T19:53:02.579-07:00No 1 BHK available!!!
You can see Sundaas Bhai an...<a href="http://www.youtube.com/watch?v=349BIEbRAFQ&playnext_from=TL&videos=cX9p2Svt1rk&feature=sub" rel="nofollow"> No 1 BHK available!!!</a><br /><br />You can see Sundaas Bhai and Sussuuu talking about abstract concepts like purchasing power parity and transfer pricing costs!!!<br /><br />The gentleman with a beard...he looks like a snake oil salesman and talks like one!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-88507517943004236652010-04-08T13:27:23.344-07:002010-04-08T13:27:23.344-07:00Haven't seen 50%guarantee_bhai for a while. Ho...Haven't seen 50%guarantee_bhai for a while. Hope all his well. I miss is articles. <br /><br />Long live Chidambaram and Death to NaxalBhaisMumbai_Slumlordnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-21697327427818318722010-04-08T13:18:09.431-07:002010-04-08T13:18:09.431-07:00Prices are expected to crash during monsoon which ...Prices are expected to crash during monsoon which is not far off. Rumours are that Bhindas Bhai and Sabalseshu are planning to flee to Dubai to join their mentor DLF Singh who has a palatial apartment in the newly constructed tower Burj Khalifa.<br />We will be shortly having the last laugh at them.<br /><br />Suckers tried to pull our leg but see what happened. They may enjoy the company os Shoaib/Sania Mirza in Dubai, but we have our Sachin Tendulkar and car racer Nuri Haveliwala with us<br /><br />Jai Hind and Death to NaxalsMumbaiSlumlordnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-51892070656361526462010-04-08T08:00:30.919-07:002010-04-08T08:00:30.919-07:00We are quiet as we are waiting for prices to crash...We are quiet as we are waiting for prices to crash! :-)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-56041279656419460102010-04-08T07:56:10.699-07:002010-04-08T07:56:10.699-07:00Suddenly this blog seems very quiet!Suddenly this blog seems very quiet!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-71135892209790634772010-04-07T14:21:41.546-07:002010-04-07T14:21:41.546-07:00RE: BombayResident
FM's predictions have lot ...RE: BombayResident<br /><br />FM's predictions have lot of flaws. There is no guarantee that Rupee Dollar value is assumed to be the current value. What if $ becomes 60 or 30. Ap per per capita, we are level 132 just above sub sahara. Further, the assumption that computer coolie business will continue unabated bringing in Dollars is far fetched. <br /><br />Whichever way one looks at the situation, socialism would have served India better than the current system. At least majority people were happy when socialism was there. Prices were affordable. Now the situation is reversed. Iphones, honda cars have made life more miserableAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-16998073618317437492010-04-07T13:33:22.177-07:002010-04-07T13:33:22.177-07:00@Anonymous 12 35 PM
I dont think that you have gon...@Anonymous 12 35 PM<br />I dont think that you have gone house hunting.The newly constructed/under construction flats sell like as if they are free. I dont know where people get the money from, but the flats are sold like piece of cakes in mumbai. Just like other commodities , prices are rising because of the demand. Moreover, wherever I have visited, i have seen the flats occupied and therefore it is wrong to assume that investors are playing havoc. It may be that investors are buying and renting them out for negligible return.<br /><br />An earlier blogger mentioned about the unlimited money inflow from foreign countries. This could be the only possible explanation. Government may be aware of this and dont want to do anything to upset the scenario. At this rate, we may see stability in home prices in 10-20 years and most of us dont have time/willingness to wait.<br /><br />Welcome to the capitalistic diseases.Anonymousnoreply@blogger.com