tag:blogger.com,1999:blog-19740856.post652792773899910822..comments2024-03-29T05:29:51.250-07:00Comments on India's housing bubble: Its Official: Property rates in Pune have started to fallUnknownnoreply@blogger.comBlogger60125tag:blogger.com,1999:blog-19740856.post-55729385277201344652013-01-22T01:24:03.387-08:002013-01-22T01:24:03.387-08:00The official property rates in Pune is described i...The official property rates in Pune is described in the post here. Useful post<br />Daisy Suiteshttp://www.sgnewproperty.com.sg/d-12-14-balestiermacphers/daisy-suitesnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-74721795017457013822009-08-10T01:02:24.386-07:002009-08-10T01:02:24.386-07:00Bindas Bhai says
Friends, Good time to invest in...Bindas Bhai says <br /><br /><i>Friends, Good time to invest in Residential (Bangalore)and commercial (Pune). My personal reading is these two areas will give good returns and is more or less safe even for long term view.<br /><br />Just do your homework properly before taking a call.<br /></i><br /><br />The Liar used to say that he only knows about Mumbai and that he never argues on other locations. Now he is talking about Bangalore. This goes on to prove that he is either a broker ot he is the same TCS Guy I have heard of who is big time speculator in Real Estate and spends his office time on share broking websites.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-56378147593713614722009-08-10T00:19:34.706-07:002009-08-10T00:19:34.706-07:00Will the swine flu scare bring down Pune demand fr...Will the swine flu scare bring down Pune demand from people outside Pune who want to buy ?skeptic optimisthttps://www.blogger.com/profile/16795929369621648998noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-48223067783758693582009-08-09T09:06:04.652-07:002009-08-09T09:06:04.652-07:00Cool Head,
What i meant is most of the people who...Cool Head,<br /><br />What i meant is most of the people who want to buy a house. Among my clients atleast 35 people have clear intention/need to buy a house and in this 35 almost 22 have brought or on the verge of finalising a house. <br /><br />Trust this clarifies!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-39303550320340114882009-08-09T08:55:34.393-07:002009-08-09T08:55:34.393-07:00@ Financial Planner
22 clients out of 200 is 11%. ...@ Financial Planner<br />22 clients out of 200 is 11%. So are you saying "most of" means 11%? I suppose "most of" should mean > 75%? So have more than 150 of your clients (out of 200) have switched from MFs, shares, bonds, etc to buying houses?Cool Headnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-52273245191385426312009-08-08T22:19:59.390-07:002009-08-08T22:19:59.390-07:00Cynic,
I have around 200 clients and atleast 22 h...Cynic,<br /><br />I have around 200 clients and atleast 22 have brought house in last three months. They have stopped their SIP's for EMI.<br /><br />Truth is bitter because most of the Jhonnies over here think that RE is not moving. I was responding to Gokuls post of 4:52.<br /><br />Bharat/Cynic/Retired Old Man: I agree with BB that you are the same frustrated Retired Old man. The streaks are clearly visible.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-27658146329549086122009-08-08T09:40:14.798-07:002009-08-08T09:40:14.798-07:00If you are from Pune, there is interesting movemen...If you are from Pune, there is interesting movement started - Housing Self Help group. check this out - <br><br />http://dreamhomeinpune.blogspot.com/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-37341256423676064472009-08-08T08:30:45.577-07:002009-08-08T08:30:45.577-07:00Mr. Financial Planner - how many of your clients a...Mr. Financial Planner - how many of your clients are buying houses? 5? 10? How many of your friends clients doing so? 10? 20?<br /><br />Yet, you generalize and say everyone is buying homes instead of M/F's or Stock...I doubt you are a financial planner or any good if you are one..<br /><br />Secondly, you made an assessment by saying the truth is bitter...That statement clearly illustrates your bias for the sweet thing..which is that RE is reviving. So, your assessment on the RE market needs to be ignored..because you are biased.<br /><br />Mr. Andy Vyas, your assessment is that millionaires are made everyday in mumbai..statements like that are more hype than statistics. You say you are making 9 figure income...I highly doubt that you are talking about rupees..maybe 9 figures in paise..Your conclusion is purely subjective and hype driven. So you and the financial planner and BB are all making noise..trying to distort the signal.Cynicnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-58038473445083110702009-08-08T06:00:29.756-07:002009-08-08T06:00:29.756-07:00@ Anand Vyas 5:50 AM - "The price increase t...@ Anand Vyas 5:50 AM - "The price increase that mumbai has been seeing is a natural phenomenon moving proportionally with demand"<br /><br />Go ahead and buy the properties since you are not the alone in OBSERVATION and pronouncing the RIGHT prediction.<br /><br />Please check following YouTube link - <br /><br /><a href="http://www.youtube.com/watch?v=9QpD64GUoXw" rel="nofollow">Ben Bernanke was Wrong</a>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-34493732671404479352009-08-08T05:50:10.484-07:002009-08-08T05:50:10.484-07:00This is a repost for the attention of people who m...This is a repost for the attention of people who might not have read my earlier post:<br /><br />The real estate has been appreciating at a steady rate and this scenario in Mumbai is unlikely to change in the foreseeable future. The availability of land to construct more housing is limited whereas the number of moneyed people is growing at a rapid phase. This new class who really want to make mumbai as their home would not hesitate to spend the major portion of their earning towards owning a home.<br /><br />Those who expect real estate bubble to bust and see a southward movement of prices are just imaging things as there is 'NO BUBBLE'. The price increase that mumbai has been seeing is a natural phenomenon moving proportionally with demand. Mumbai creates millionaires everyday and these people compete for the available space in the city that has given them riches.<br /><br />I used to have a 6 figure annual income a few years back. Now that has reached 9 figures thanks to the mumbai consumer market. I would pay any amount to live in this city. There are thousands like me who would do the same. All the builders know this and they use it to their advantage.<br /><br />There may be bubbles elsewhere in India, but definitely not Mumbai.Anand Vyasnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-45886986778047176202009-08-08T05:27:15.214-07:002009-08-08T05:27:15.214-07:00I am a Financial planner from Mumbai. Truth is bit...I am a Financial planner from Mumbai. Truth is bitter, most of my clients who were planning to buy a house have already started buying or seriously looking at closing the deal.<br /><br />Personally for me it is a loss that they choose property as an investement over MF or insurance. I know we can never trust the media but RE momentum has already started in Mumbai.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-52315514358909230842009-08-08T05:03:14.073-07:002009-08-08T05:03:14.073-07:00Hey Gokul,
Literally, million rupee observations!...Hey Gokul,<br /><br />Literally, million rupee observations!<br /><br />Inactivity and patience are key to any investment activity. The wise investor waits till the price comes down so drastically that any fool can make money out of investing and sitting tight for a long period of time.<br /><br />RE is bubbling and frothing right now..the RE players are trying to pull one last con and then one more con if possible.<br /><br />BB seems to have updated his vocabulary so as to sound literate and be able to pull more cons...<br /><br />Nevertheless, the key is to sit tight and watch the RE bubble come apart. BB says its been 4 years since we started talking about the unfolding of the RE bubble..well its been 4 years worth waiting in the sidelines and not joining the fools who have paid premium and now are laboring with EMI slavery...<br /><br />-BharatVidyanshu Pandeyhttps://www.blogger.com/profile/03859360843032459316noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-57371976076670157322009-08-08T04:52:00.203-07:002009-08-08T04:52:00.203-07:00True, DLF has sold 2500 units this fiscal compared...True, DLF has sold 2500 units this fiscal compared to 600 units last fiscal.<br /><br />But gentlemen, read between the lines.<br /><br />The inside information is DLF has sold around 1500 to DLF Assets Ltd.The property has changed hands from DLF to DLF Assets LTD.So the properties are not tied down to the balance sheet of DLF.<br /><br />The same with other RE majors.<br /><br />I am sure the herd instinct in many people would push them towards buying flats thinking not to miss the rush.<br /><br />But, just sit relaxed. This whole RE edifice is coming down,brick by brick.<br />Only inactivity in RE will make you rich.Remember that.<br /><br />K.Gokul.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-80740911536305903512009-08-07T21:23:01.536-07:002009-08-07T21:23:01.536-07:00BB,
Thanks for your advise, I think i will look a...BB,<br /><br />Thanks for your advise, I think i will look at Pune and my budget is 3.5Cr. What kind of ROI can i anticipate.<br /><br />Please let me know any good project you have in mind.<br /><br />Awaiting your reply.<br /><br />AKAKhttps://www.blogger.com/profile/16380624416650464655noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-88560261000706668642009-08-07T18:50:55.071-07:002009-08-07T18:50:55.071-07:00The bankers, techies, speculator, brokers and the ...The bankers, techies, speculator, brokers and the "expert" in news media who have been harping on the "bottoming of the real estate prices" on the basis of 'Green Shoot Theory' don’t get discouraged. Please continue the troll and buy the stocks of real estate companies, hold on to the artificial high prices. Because you are not the only one. You have someone to bank upon who predicted in 2005 that there would be no housing bubble in the USA. <br /><br />Why to blame only the Fed chairman? We had our own Finance minister P Chidambaram declaring the Real Estate sector as the growth engine and wringing the hands of Public Sector banks for rolling over short term debt for a longer tenure.<br /><br />Please check following link<br /><br /><a href="http://www.washingtonpost.com/wp-dyn/content/article/2005/10/26/AR2005102602255.html" rel="nofollow">Bernanke: There's No Housing Bubble to Go Bust</a><br /><br />By Nell Henderson<br />Washington Post Staff Writer <br />Thursday, October 27,<b> 2005 </b><br /><br /><b>Ben S. Bernanke does not think the national housing boom is a bubble that is about to burst, he indicated to Congress last week</b>, just a few days before President Bush nominated him to become the next chairman of the Federal Reserve. <br /><br />U.S. house prices have risen by nearly 25 percent over the past two years, noted Bernanke, currently chairman of the president's Council of Economic Advisers, in testimony to Congress's Joint Economic Committee. But these increases, he said, "largely reflect strong economic fundamentals," such as strong growth in jobs, incomes and the number of new households. <br /><br />"House prices are unlikely to continue rising at current rates," said Bernanke, who served on the Fed board from 2002 until June.<br /><br /><b>Bernanke did not address the possibility of local housing bubbles or the risks faced by individual borrowers or lenders in a slowing market</b>.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-79328939733332297702009-08-07T14:48:50.565-07:002009-08-07T14:48:50.565-07:00Guys,
The employment report that was released in U...Guys,<br />The employment report that was released in US doesn't count 150K people who stopped taking unemployment benefits. The unofficial Unemployment rate is easily -15% in US. In many states like Michigan, California it could be as high as -23%.<br /><br />So, tighten your belts. It is going to spillover all over the world with many job losses in India and China too. Forget about RE rising for the next 8-10 years.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-4679367084804839552009-08-07T11:26:05.751-07:002009-08-07T11:26:05.751-07:00What a change in just one year!.....
Mumbai, July...What a change in just one year!.....<br /><br />Mumbai, July 18 Tata Consultancy Services has not filed for a single H1B visa this year mainly due to its focus on shifting more work to low-cost destinations such as India and China.<br /><br />Rest of the article below:<br /><a href="http://www.thehindubusinessline.com/2009/07/19/stories/2009071950760200.htm" rel="nofollow">TCS makes no H1B visa application this fiscal</a>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-81425465789547475882009-08-07T10:59:39.336-07:002009-08-07T10:59:39.336-07:00I am from bangalore living in a traditional bangal...I am from bangalore living in a traditional bangalore place (obviously everything is accessible) Saw a site a month ago. The price quoted seemed to on the higher side. I asked what the final price that he can offer. He said about 1% less than the quoted. I didn't proceed further. Today after i got a call from him saying he can give it for 10% less than the initial value. I asked if that was the final price? He asked to come and discuss. I kind of liked the site. But i have decided to wait. Because i know there are no takers.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-20075958270060813362009-08-07T10:20:52.940-07:002009-08-07T10:20:52.940-07:00Dubai dream is over as thousands rush back home
T...<a href="http://www.thisislondon.co.uk/standard/article-23729395-details/Dubai+dream+is+over+as+thousands+rush+back+home/article.do" rel="nofollow">Dubai dream is over as thousands rush back home</a><br /><br />Thousands of young Londoners are returning from the Middle East as dreams of a six-figure salary and sun-soaked lifestyle turn to dust.<br /><br />Experts today said professionals who moved to Dubai during the height of the boom are flooding home after losing their jobs — with some abandoning flats, cars and credit cards in the rush to return to the UK.shaileshhttps://www.blogger.com/profile/14407031960831830463noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-29121611939517702682009-08-07T09:06:16.284-07:002009-08-07T09:06:16.284-07:00According to realty experts, rentals have touched ...According to realty experts, rentals have touched the nadir during the last couple of months. Many IT companies or those who had far bigger spaces than their requirements are moving to compact offices.<br /><br />Many buildings of DLF, including their Cyber City, and commercial buildings near Golf Course in Gurgaon have seen a crash in rentals, by up to 45-50 %. The space that was not available even for Rs 110 sq feet is now easily available for Rs 50-55 per sq feet, says Rajat Mahajan of Integrated Pan Realty Solutions. <br /><br /><a href="http://economictimes.indiatimes.com/Markets/Real-Estate/Realty-Trends/Rentals-take-a-nose-dive-corporates-moving-into-furnished-office/articleshow/4865751.cms" rel="nofollow">Rentals take a nose dive; corporates moving into furnished office</a><br /><br />BTW: I just rented an office space in outskirts of Mumbai and pay only Rs. 15 per sqft per month. It is probably Grade B office space.shaileshhttps://www.blogger.com/profile/14407031960831830463noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-54155294641692624962009-08-07T06:00:44.609-07:002009-08-07T06:00:44.609-07:00@Anon above:
Do not go by the low interest rate a...@Anon above:<br /><br />Do not go by the low interest rate advertised by banks. It is applicable for only first year of repayment. After that the rate returns to normal floating rate. Generally home loan repayment runs more than 20 years and discount on first year is peanut compared to total payout.<br /><br />Check SBI's T&C applies at the end of the add.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-72387922714702164552009-08-06T23:18:01.397-07:002009-08-06T23:18:01.397-07:00HDFC, the country’s largest home loan lender, saw ...HDFC, the country’s largest home loan lender, saw its disbursals rise 22 per cent in the first quarter and expects the trend to continue.<br /><br />While several property developers have ventured aggressively into Rs 20-Rs 60 lakh apartments and launched properties that were 20 to 30 per cent lower than the prevailing rates, interest rates have also softened in the last six months, which eased the monthly loan pay-outs of home buyers.<br /><br />In December, the Indian Banks’ Association (IBA) and its members in December had announced new rates, under which loans up to Rs 5 lakh was offered at 8.5 per cent and those between Rs 5 lakh and Rs 20 lakh at 9.25 per cent.<br /><br />Private sector banks have also reduced their retail lending rates 50 to 100 basis points in the December 2008-June 2009 period.<br /><br />Analysts are also gung-ho. Pankaj Kapoor, chief executive of Liases Foras, a real estate research firm, said the momentum would increase after Diwali. “Now we are seeing a momentum for some time, lull for the next few days and then momentum. This will change as the economic recovery gathers steam,’’ he said.<br /><br />http://www.business-standard.com/india/news/realtors-rebuild-hopesrising-home-sales/366216/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-56373801377224491622009-08-06T23:17:41.630-07:002009-08-06T23:17:41.630-07:00Now business standard is behaving like ET
Realtor...Now business standard is behaving like ET<br /><br />Realtors rebuild hopes on rising home sales <br /><br />Raghavendra Kamath / Mumbai August 7, 2009, 0:20 IST <br /><br />After a long hiatus, home sales are finally back on track. Sales of major real estate developers have more than trebled in the June quarter compared to the preceding three months, amid growing expectations that the good times will continue to roll.<br /><br /> <br />Consider this: DLF, the country’s largest real estate developer by market value, has sold 2,500 apartments in the first quarter of the current fiscal, compared to nearly 600 in the quarter ended March 2009. In the preceding quarter, DLF had sold just about 120 apartments.<br /><br />Unitech, the country’s second largest property developer, went a step further and sold 5,000 units in the first quarter, compared to 300 to 400 apartments in the preceding quarter.<br /><br />Delhi-based Parsvnath Developers did 100-odd transactions against 25 to 30 in the previous quarters, and Omaxe reported sales of 700 units, compared to 200 in the same period.<br /><br />“After a few difficult quarters last fiscal, we have seen a fairly good first quarter of the current fiscal. The economy on the whole has been showing signs of recovery, and activity in real estate has picked up,’’ DLF Vice-Chairman Rajiv Singh said.<br /><br />Almost all of them are convinced that the future looks bright. While DLF’s Singh said he expected the market to improve, a Unitech spokesperson said the market would pick up in the second quarter, though demand would be mainly for affordable products.<br /><br />“It is a good time to bargain-pick now,” said Ravi Ramu, director of Bangalore-based Puravankara Projects.<br /><br />That the first-quarter sales are no flash in the pan is reflected in the fact that developers have lined up around 60 million square feet of new launches this year, more than double last fiscal’s bookings.<br /><br />DLF plans to launch 8 to 9 million sq ft of city centre projects in Chennai, Kochi, Delhi and Gurgaon and 5 to 8 million sq ft of mid-income housing projects in the National Capital Region and southern cities. Unitech has launched buildings covering 15 million sq ft since April and plans to launch an additional 15 million by March 2010.<br /><br />Apart from lower interest rates and affordable housing, the reduction in the number of fence-sitters has helped in a major way. ICICI Bank Chief Financial Officer N S Kannan said buyers had been postponing their purchase decisions in the hope that prices would fall further.<br /><br />“There is a general sense now that prices have stabilised,” he said, adding “our disbursements, month-on-month, have increased and we would like to play in that market based on our current strategy on pricing”.<br /><br />Though Kannan was not willing to comment on a specific number, sources in the bank said it was expecting a 20 per cent growth in disbursals in the second quarter.<br /><br />SBI, the country’s largest bank, has set a monthly home loan disbursal target at Rs 2,500 crore compared to Rs 1,500 crore disbursed over the last few months. The bank is targeting a home loan growth of 30 per cent in the current fiscal against 21 per cent in 2008-09.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-30767007309007134882009-08-06T21:05:09.452-07:002009-08-06T21:05:09.452-07:00Pls. do not buy any RE on the outskirts of cities....Pls. do not buy any RE on the outskirts of cities. Guys who can afford 1Cr plus without bank loans must look at A class property in Pune. Trust me it will pay of very well<br /><br />I meant A class commercial property.Bindas Bhaihttps://www.blogger.com/profile/00800971599000783066noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-88345339017286348722009-08-06T21:03:59.047-07:002009-08-06T21:03:59.047-07:00In Singapore, buyers who made deals were mostly Si...In Singapore, buyers who made deals were mostly Singaporeans. In Shanghai and Beijing, they were local buyers and some were expatriates while in Hong Kong, buyers were local Chinese and expatriates. <br /><br />Discussing buying behaviour, he said: "When the offering price is supposedly 20 and the market price is 15, property buyers in Hong Kong will bargain at 10, but Japanese buyers will ask when the price will reach 20 again." <br /><br />Mr Hughes recalled that in 2007, there was a lot of cheap money that attracted investors to the market, pulling more equity into the market, so real estate prices climbed up. <br /><br />As businesses grew and people needed more space for expansion, office rents that year went up, except for Thailand where politics hurt sentiment. <br /><br />But a year later, everything turned upside down. <br /><br />In the first quarter of 2009, office rents tumbled by 20-60 percent year-on-year, depending on the country. Capital values were down by 20-50 percent. The take-up rate of new office space dropped by 90 percent while property deals were dramatically low or 70 percent fewer than a year before. <br /><br />In Singapore, the office space market shrank sharply due to decreasing demand from shipping, financial and real estate businesses. Shrinking demand and more new supply resulted in a 60 percent drop in rents in the first quarter of 2009, compared to the same period last year, said Mr Hughes. <br /><br />The situation was quite different in Bangkok as little new office space supply had entered the market in the previous few years. <br /><br />According to JLL's research on additional office supply between 2009 and 2011 over eight cities in seven countries, the top three markets likely to face falling rents will be Shanghai, Beijing and Singapore where 50.8 percent, 40.2 percent and 32.6 percent more supply will be added respectively. <br /><br />"There's too much supply in those markets," he said. <br /><br />In Bangkok, there will be an additional 4.7 percent and in Hong Kong 5.9 percent. <br /><br />In Mumbai, the supply would almost double with 93.7 percent more office space added but the total amount in square metres would not be so high as Mumbai had very few quality spaces, he said. <br /><br />"In terms of investment opportunity, I think offices are the most attractive as it is going to the bottom," he said. <br /><br />Mr Hughes admitted the recession had hurt JLL's business in the first quarter of the year. Its two traditional income earners, leasing and investment, dropped but the other three major sectors did well. They are property management, facilities management and property advisory. For the Thai market, "economic growth, political and legal sustainability, predictability and transparency are the keys," said Mr Hughes.<br /><br />http://www.tradingmarkets.com/.site/news/Stock%20News/2463226/Bindas Bhaihttps://www.blogger.com/profile/00800971599000783066noreply@blogger.com