tag:blogger.com,1999:blog-19740856.post6984169743232544852..comments2024-03-28T00:59:01.483-07:00Comments on India's housing bubble: India's economic growth slows as rising prices hurtUnknownnoreply@blogger.comBlogger117125tag:blogger.com,1999:blog-19740856.post-84869576846757432812011-07-18T22:24:06.215-07:002011-07-18T22:24:06.215-07:00M3M Merlin - M3M Group coming up its new residenti...M3M Merlin - M3M Group coming up its new residential project M3M Merlin. M3M Merlin Gurgaon offers 3-4 Bhk luxury Flats in Gurgaon. M3M Merlin is strategically located in Sector 67, Golf Course Extension Gurgaon.M3M Merlinhttp://www.m3mmerlingurgaon.in/noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-77211386494303245372011-06-10T20:43:32.214-07:002011-06-10T20:43:32.214-07:00way to go ghost.. White chikcs will suck you dry ...way to go ghost.. White chikcs will suck you dry both your wallet and your **** Now going back to Energy, Exxon hit the Natural Gas jackpot in the Gulf of Mexico. New trend is for electric cars, CNG vehicles and LNG export, yes USA is going to be exporting shitloads of Natural Gas begining the next two years mostly to China and Japan...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-47979326697816266802011-06-10T15:36:41.898-07:002011-06-10T15:36:41.898-07:00@==> Also US consumes 800billion$ worth of oil ...@==> Also US consumes 800billion$ worth of oil each year (of which it imports about 50%). But it has 50years worth of oil reserves (and US canada have humongous natural gas reserves) in Alaska, Gulf of Mexico, California and Texas. (the Govt lies that world has reached peak oil). Also the shale deposits in PA NY are much more than all of Canada's present output which is about 1/20th of US consumption <br /><br />If US stops importing and drills its own oil for 20 years and cuts down usage by 50% by stopping using SUVs and trucks to ride to work it can pay back every penny it owes. But will US do it? Probably not - they are milking the oil out of other nations so that later on US oil can be sold at a premium<br /><br />The US also has 50% spare agricultural land and the US govt has banned agriculture on this land so that food prices remain high. If US farms on all the acre it owns, wheat & corn prices would plummet to 10% of todays prices.<br /><br />Oil reserves + Powerful Military -> US $ will remain world reserve currency. <br />If you observe - mankind's entire modern lifestyle this past 120-150 years is build on the back of cheap energy (coal and oil). And the people who consume most/more are more powerful than those who produce. <br /><br />PS for those wanting blonde wife- <br />And I have dated 3 white women (2 blonde 1 brunette) - All that comes with dating white chicks is lot of drama and lot of expenses ;)<br /><br />Coming back to RE - only a catastrophic war or revolution in India (riots/emergency/food shortage/multiple earthquakes) will bring down RE. <br /><br />RE will at the most stagnate - but wont ever fall more than 10-20% peak Rupee value.<br />Same cant be said about Rupee - Value of Rupee is solely controlled by Govt policy and market fundamentals of demand and supplyskeptic's ghostnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-51640847637506148332011-06-10T03:21:16.373-07:002011-06-10T03:21:16.373-07:00The point was that despite all the QE stuff, unemp...The point was that despite all the QE stuff, unemplpoyment, etc etc, USA was the only country among the developed nations to grow their GDP to levels slightly above the 2008 level. So additional QE will not necessarily mean that USA is going to the dogs and that the Rupee is going to be King...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-28633105337699602102011-06-09T19:40:43.201-07:002011-06-09T19:40:43.201-07:00We are going into hyperinflation, which means, tha...<i>We are going into hyperinflation, which means, that you will all have to sell your real estate, gold, etc to buy onions, condoms, etc..</i><br /><br />==> you are funny. what is so expensive that many cannot afford? RE worth crores? pyaing EMIs Rs 50k per month? BMW? iPhones? LCD TVs? SUVs? Foreign Trips? Resorts visit every other weekend? Gucci?<br /><br />It is difficult to find low wage workers, why? <br /><br />Food is much more cheaper than these items. If inflation was concern people would be buying onions only and not spending on these items.==>noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-29272620361686227632011-06-09T18:57:29.436-07:002011-06-09T18:57:29.436-07:00For all you dreamers of future QEs in USA making a...For all you dreamers of future QEs in USA making all Indians Richer, having American maids, Blonde wives, Arab slaves, Paki drivers, please stop having super duper wet dreams.. <br /><br />We are going into hyperinflation, which means, that you will all have to sell your real estate, gold, etc to buy onions, condoms, etc...Make sure that you have enough KY Jelly on hand to give the Chinese, when they come to visit you....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-356258562301099942011-06-09T06:17:42.030-07:002011-06-09T06:17:42.030-07:00China bubble ..now will be India's turn
WSJ.c...China bubble ..now will be India's turn<br /><br />WSJ.com - The Great Property Bubble of China May Be Popping http://on.wsj.com/jbbJotAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-57262234021906079962011-06-09T03:48:36.299-07:002011-06-09T03:48:36.299-07:00@anon above, would'nt that be great, then we c...@anon above, would'nt that be great, then we can all have some blonde wives, power to the bernanke printing pessAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-68230871199796553552011-06-08T19:16:29.938-07:002011-06-08T19:16:29.938-07:00@anon above
If QE3 ....QEn come India will become...@anon above<br /><br />If QE3 ....QEn come India will become richer than US in short span of time. Any way currently properties in Mumbai r cost 1 cr which is like 250 k in USD. GOI will print more money it will help to push prices further ,same time $ will keep tanking due to QEs. After 5 years from now 1 INR = 1$ and every body in India will be richer than average American, Indian house holds will have American maids on I1 (equivalent to H1 visa) and probably American bahus too. Bahus will be eagerly waiting to get marry. If this happens ....Mumbaikarnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-52821383244400106402011-06-08T18:02:49.535-07:002011-06-08T18:02:49.535-07:00Smaller builders do have good deals (provided they...Smaller builders do have good deals (provided they haven't leveraged to hilt) <br />But then buying at low rate also comes with the risk of completion and poor quality.<br /><br />I read this blog since 2006 and then I got a fully built up (ready possession) 2200 sq ft place in Baner when the market went down in mid 2009 for good rate.<br /><br />Since then people keep quoting that prices are 5000-5500 which is about twice what I paid, but no one is really buying - so Im pretty sure you can bargain. However you cant reduce the price below the cost of land, which is running at 2500 - 3000 Rs/sqft in Pune Suburbs.<br /><br />Mumbai on the other hand is a different story - perhaps due to the large amount of Prime land wasted in the Sanjay Gandhi national park, JNPT, Trombay and other government owned places - Agreed that its the lung of Mumbai but that land has could have been judiciously used to spread out businesses, transport, housing etc. <br /> <br />I dont want to comment on anything in Mumbai, but I feel that if the government builds 6-7 - 8 lane freeway style roads connecting Navi Mumbai to each eastern suburb in Mumbai - RE in Navi mumbai will become more better option to commute live in crowded expensive metroPuneitenoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-57920967894943644052011-06-08T17:05:15.705-07:002011-06-08T17:05:15.705-07:00I feel prices will never come down it will only go...I feel prices will never come down it will only go up. Just go to any property sites to see ads and you will zapped.<br /><br />I came recently across such an ad. <br />Area 325 sq ft carpet , super duper built up area 500 sq ft.<br />Asking rate 12000 Rs. <br /><br />WTF 52% loading. Tomorrow people may add area for road, play ground , bus station , railway station and air port to sq. Ft depending upon where they stay.<br /><br />Good luck to all buyers for investing in Hawa mahal.Mumbaikarnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-83600130371072019782011-06-08T16:53:52.329-07:002011-06-08T16:53:52.329-07:00All the above predictions will be true if GOI allo...All the above predictions will be true if GOI allows every one to print money at home with your own photographs instead of Gandhi ;)<br />Nobody has to work just seat relax in u r 10-100 cr house and print money.Mumbaikarnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-25169130602004198022011-06-08T13:47:09.738-07:002011-06-08T13:47:09.738-07:00Looks like next labor rates will be seen on rise t...Looks like next labor rates will be seen on rise to afford this crores worth living. <br /><br />Is your servant at home complaining?==>noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-52675700408902740122011-06-08T12:11:50.677-07:002011-06-08T12:11:50.677-07:00Value can be 1000 crore per house but what is poin...Value can be 1000 crore per house but what is point if you cannot buy quality of livingAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-57106890410318173072011-06-08T11:07:08.280-07:002011-06-08T11:07:08.280-07:00In fact Baner is at 5000-5500. Can you point me so...In fact Baner is at 5000-5500. Can you point me some links where I can get the apt for 3800. Kothrud is 6000+Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-49267080872851527932011-06-08T10:57:59.782-07:002011-06-08T10:57:59.782-07:00There will be QE3, not just that, you will see QE(...There will be QE3, not just that, you will see QE(n) , The US has no option but to print, and print it will, they may just not call it QE, but may use some other euphemism.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-56739757192906423902011-06-08T10:32:40.251-07:002011-06-08T10:32:40.251-07:00Anon above:
When avg. prices go up as you say to ...Anon above:<br /><br />When avg. prices go up as you say to 100 crore, onions will cost 1 lakh per kg and potatoes will cost the same.<br /><br />I can see the beginning of end to all this nonsense created by GOI and corporations. <br /><br />There will be no QE3 in US and funny money will stop coming to India. Moreover, UPA may fall anytime now which will take away major froth from the markets.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-51231132094297892772011-06-08T10:25:19.641-07:002011-06-08T10:25:19.641-07:00average prices will increase to 100 crore by 2020....average prices will increase to 100 crore by 2020.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-42161233690762123812011-06-08T10:17:43.760-07:002011-06-08T10:17:43.760-07:00Update from Pune -
Wakad Pune prices are down to...Update from Pune - <br /><br />Wakad Pune prices are down to 3300, Baner prices are around 3800 and Aundh is at 4500. <br /><br />In 2006 Gold was 10000 rs per tola <br />today its 20000.<br />In 2006 Wakad RE prices were 2300-2700<br />By that rate - the price of RE has fallen 30-40%<br /><br />Everywhere else in suburbs like Navi Mumbai, Gurgaon NOIDA, Bangalore outskirts, Hyderabad, etc - you will see the same Prices will stagnate.<br /><br />As I said RE wont fall, but wont spike either.skeptic's ghostnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-44138249602432863252011-06-08T09:12:17.842-07:002011-06-08T09:12:17.842-07:00déjà vu
ALL HOUSES WILL BE WORTH 10 TIMES VALUE O...déjà vu<br /><br /><i>ALL HOUSES WILL BE WORTH 10 TIMES VALUE OF TODAY.</i><br /><br />==> they already are 10 times today compared past 10 years.<br /><br /><br /><i> average apartment/house will be worth 10 crore.</i><br /><br />==> check out south mumbai or prime delhi. we have past 10 crores sometime back.<br /><br /><br /><i>even the kamvari will have crores of rupees</i><br /><br />==> they are staying in slums which is built illegally on public land, which they will legally own in few years (if they have not already owned it). Yes, land is expensive and is in crores.==>noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-67968685018374083902011-06-08T08:59:52.670-07:002011-06-08T08:59:52.670-07:00even the kamvari will have crores of rupeeseven the kamvari will have crores of rupeesAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-58698613807988155432011-06-08T08:58:31.922-07:002011-06-08T08:58:31.922-07:00average apartment/house will be worth 10 crore.average apartment/house will be worth 10 crore.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-82087213578142931602011-06-08T08:57:29.824-07:002011-06-08T08:57:29.824-07:00my prediction:
next 3 months-20% increase
last 3 ...my prediction:<br /><br />next 3 months-20% increase<br />last 3 months of year: 35% increase<br />first 3 months of 2012:60% increase<br /><br />in next 5 years: 1000 % increase<br /><br />ALL HOUSES WILL BE WORTH 10 TIMES VALUE OF TODAY.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-85045379050297903142011-06-08T08:39:58.833-07:002011-06-08T08:39:58.833-07:00Real estate prices soar in Delhi, NCR
http://econ...Real estate prices soar in Delhi, NCR<br /><br />http://economictimes.indiatimes.com/markets/real-estate/realty-trends/real-estate-prices-soar-in-delhi-ncr/articleshow/8775888.cms<br /><br />So where were we..... RE tanking?==>noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-91960920708110316042011-06-07T14:01:11.785-07:002011-06-07T14:01:11.785-07:00A Swiss window to black money the UPA won't lo...A Swiss window to black money the UPA won't look into<br /><br />http://www.thehindu.com/news/national/article2074736.ece<br /><br />...and I wonder if all RE transactions are in white? why can't this be simply tracked by GOI? Do all shops charge correct sales tax and all day to day transaction are in white? Do all businesses report profit that they actually make? <br /><br />I don't think these are any secrets or tax loopholes, it is just that govt isn't truthful and has no means or standards of measuring and tracking. Whole accountability from top to bottom is a sham.<br /><br />all processes are ambiguous. In Mumbai, seat belt is must for drivers and passengers, BUT small kids and infants can sit in front seat without any safety protection! You cannot talk on mobile with or without handset, but can drive in any lane in any manner you want.==>noreply@blogger.com