tag:blogger.com,1999:blog-19740856.post7875760510364889181..comments2024-03-28T00:59:01.483-07:00Comments on India's housing bubble: More scams by Mumbai buildersUnknownnoreply@blogger.comBlogger33125tag:blogger.com,1999:blog-19740856.post-68517760029862543372021-05-20T23:24:17.130-07:002021-05-20T23:24:17.130-07:00Thanks 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" rel="nofollow">Open plots and luxury villas for sale in Hyderabad.</a> JJ Infra is the No.1 Real estate company for Investments.JJ_Infrahttps://www.blogger.com/profile/11610722791654705768noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-54138302232836394012018-04-26T04:48:52.738-07:002018-04-26T04:48:52.738-07:00Such a nice post. Thanks for sharing...
New flats ...Such a nice post. Thanks for sharing...<br /><a href="http://voora.co.in/voora-saraswathi.html" rel="nofollow">New flats for sale in t nagar</a>Anonymoushttps://www.blogger.com/profile/03318893819371937142noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-38321467335074633282012-12-07T02:28:09.435-08:002012-12-07T02:28:09.435-08:00This comment has been removed by the author.rajnihttps://www.blogger.com/profile/06444939579267581761noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-31358850111742887472010-05-25T07:19:41.923-07:002010-05-25T07:19:41.923-07:00Want to know some more tricks of how builders chea...Want to know some more tricks of how builders cheat you?Go to this link<br />www.2bhk-nerul.com <br />and be amazed.Then take a measure tape and get working on your own flat...and be ready to get depressed.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-84342952179997404432010-05-05T02:29:26.179-07:002010-05-05T02:29:26.179-07:00Anything can b done against investors buying all t...Anything can b done against investors buying all the flats in mumbai?<br />from past six month i have been trying to search 1 bhk with no luck in western suburbs, as prices goin high everyday for god knows what reason. and there is absolutely no availability of new 1bhk flats bcs they are already booked/bought by investors. Salaried people are suffering because there are no 1 bhk availability due to investors, and buying 2 bhk is just out of reach (budget). Even brokers don't entertain for 1 bhk anymore. within last 2 months prices have gone too high even to consider 2bhk. the resale flats owner are charging any rates. i was told 1 bhk flat at kandivali 60-70 lac, malad, 60-70 lac, and andheri too 60-70 lac. so even though one ay think it better to buy new property, but those eaten already by investors.. what should people like us do? I hv decides for now to stick to my rented flat. anyone faced the similar issue?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-49140423397128825952009-10-15T06:52:30.673-07:002009-10-15T06:52:30.673-07:00Bandra Guy
Yours is most disgusting comment I read...Bandra Guy<br />Yours is most disgusting comment I read.<br />Man bandra property was a joke and I thought everyone took it in that way.<br />Myself is too doubtful about 70% fall and I've ridiculed that..<br /><br />You are disgusting..remember time is not constant and mighty may fall...........Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-74268325342551017942009-10-15T06:28:44.643-07:002009-10-15T06:28:44.643-07:00Hey diwali is 3 days away and where is your 7 K se...Hey diwali is 3 days away and where is your 7 K sensex???<br />and 70% Fall???Vashi hunter is dreaming of becoming my next door neighbour in Bandra when prices fall 70%<br /><br />Ha ha ha<br /><br />70% fall means my 2 Crore bandra apartment will cost 60 lack????<br />When oh you crystal gazing oracle??<br /><br />And then shit from vashi ,vashi hunter can buy our bandra apartments from his outright money???? Vashi f**er please f**k urself.This is bandra .Do not dream ,we do not even tolerate "sandas bhai's" from chembur and people from shanty shitty subrbs like Cenral one and beyond Andheri ,a Vashi guy should not dream of bandra!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-83581230965855469222009-10-15T06:22:18.067-07:002009-10-15T06:22:18.067-07:00Anno. Above ,
I have already bought a house 4 mon...Anno. Above ,<br /><br />I have already bought a house 4 months back & rates has shoot up 15 % by then :-)....<br /><br />This forum is for discussion & to express views so it is not just for bears even bulls can participate.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-87328792729976873612009-10-14T18:30:47.304-07:002009-10-14T18:30:47.304-07:00Anon above:
Why don't you go and buy some more...Anon above:<br />Why don't you go and buy some more RE then. You should not be on this blog. Buy buy and buy more. Good for you.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-56911901916788753772009-10-13T13:52:16.128-07:002009-10-13T13:52:16.128-07:00Anno. Above
You only said in you blog that '...Anno. Above <br /><br />You only said in you blog that ''The great world economists didn't know the recession that came in 2008, then who are people here to predict anything''<br /><br />Now who the hell you are to predict it:-). are you out of your mind to predict 70 % drop !!!<br /><br />just see the income level of people have also grown to 2/3 times in last 4 years so the purchse price parity would always be in play & that how the houses prices will rise so even if prices have gone four fold it can stabilise around 2.5 to 3.5 fold !!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-21780244760727513612009-10-13T12:57:00.181-07:002009-10-13T12:57:00.181-07:00Anon above:
Predictions and opinions are not time ...Anon above:<br />Predictions and opinions are not time based accurately. People who read here and believe in them are morons.<br /><br />The great world economists didn't know the recession that came in 2008, then who are people here to predict anything.<br /><br />If you want to sell or buy is your personal decision. But based on current economic scenario the RE prices and overall India's economy is set for a downfall and RE has no where but to go down upto 60-70%in the coming few years. <br /><br />The delay in downfall has been caused by massive Govt. intervention and stimulus by world economies. Once that dries up, the whole thing will fall like a pack of cards.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-53329607216236196522009-10-13T12:41:10.079-07:002009-10-13T12:41:10.079-07:00Some guys predicted 7000 Sensex and 70% fall of pr...Some guys predicted 7000 Sensex and 70% fall of property prices before Diewali 89<br /><br />Now less than 7 days to diwali<br /><br />I am worried - can I seoll my bandra flat and all my shares and sit on cash?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-13233173730338995882009-10-13T11:08:17.713-07:002009-10-13T11:08:17.713-07:00This Practice of Transfer fees is not new !!! I ha...This Practice of Transfer fees is not new !!! I have seen it since last 12/14 years when I sold one of my flat which I bought as an investment in under construction apt.<br /><br />IF Government wishes , this reforms can be done over night with the help of IT.But as everyone know nexus of officials with builders doesnt allow this.<br /><br />I also wonder that Mumbai has seen the flow of money not only from abroad but even internally from different other states !<br /><br />When I look around my area I realise that lot of people who are in to business / IT jobs have come from out of Mumbai ,which fueled the demand for housing & in turn has helped to support such astronomical prices !!<br /><br />VIK , I admire you views & your post which are logical nut ground reality is since Last 3 years prices are going up & up only ( last 1 year if not up , it is stable for sure).I was of the same view as you have that prices would fall by 40/50 % but now what I feel is prices may not go down ,may remain at this level with the changes of +/- 10 % for another 3/5 years befoe it picks up.<br /><br />I may prove worng if GDP of India grows at 7/8 % Avg. or lot of liquidty comes to market from Western countries as a part of Stimuls money being used by Banks.<br /><br />I personally feel Liquidity play an important role ( not the olny factor) in pushing the prices up let it be stock or Real Estate.<br /><br />We had seen lot of money comming in in 04/05/06 even from Japanese Funds apart from US.<br /><br />Since US & western economy are in recession & recovery being slow, money is flowing in TO India & other Asian market & this is one of the factor prices are not dropping or infcat going up post election.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-70775151794930358252009-10-13T08:46:10.877-07:002009-10-13T08:46:10.877-07:00anon@5:29 AM
Very good point above. I just want t...anon@5:29 AM<br /><br />Very good point above. I just want to add one thing to your statement. Unless you are heavily in love with the flood and mafia ravaged city of Slumbai, you don;t really have to buy a home there. Just work, rent happily and keep saving and investing. At some stage, you might just want to retire or semi retire with a lower paying and less stressful job and move to another city, which has much more affordable real estate. The savings you have by renting and not buying will make sure that you get a dream house in a city that does not go under water every time the monsoon hits.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-63113453804324864172009-10-13T05:29:18.020-07:002009-10-13T05:29:18.020-07:00DWBH,
I don't regret. I don't have a house...DWBH,<br />I don't regret. I don't have a house and I don't plan to buy one in this market.<br /><br />And why should I? I'm free from any payments which are 4 times the rent I pay. I've saved quite a sum just by renting and I plan to buy cash in 2-3 years when the market is 60% down.<br /><br />I'll wait for the market co rrect rather than giving my hard earned money to crooks. It took me 7 years to save roughly 80 lac rupees. I'm getting good interest on it and that pays my rent and all other household expenses. Why would I risk my savings when I'm pretty sure that the market has to come down.<br /><br />I would say people who bought, do not cry when the prices fall by 60%.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-91988377291654212222009-10-13T03:46:40.324-07:002009-10-13T03:46:40.324-07:00I just happend to go to Bandra registrar office la...I just happend to go to Bandra registrar office last week for registering leave n licence agreement. This place is worst then a fish market.<br /><br />A prominent builders guy was ahead of me and he was registering 11 documents. I dont know from where the money is coming?<br /><br />I really dont know how people can afford at this price. I used to regret earlier for not taking timely decision but now i am not worried, frankly speaking i have no option but to stay on lease. One day i am sure i will be able to and till then i am willing to wait!!!<br /><br />Hey guys dont regret for not having brought a house relax and accept fate. I feel so happy when i read that there a lot of people like me over here but deep down my heart i also feel sad for all of you:-(<br /><br />Hope we all will be able buy a house someday.<br /><br />DWBHAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-87103950111296205402009-10-12T22:31:02.584-07:002009-10-12T22:31:02.584-07:00This is done by most big builders in parel/worli/c...This is done by most big builders in parel/worli/central mumbai/goregaon, especialyy the big projects. Moreover, owners are not allowed to sell until the project is fully sold and society is formed as i discovered in Oberoi Splendour at JVLR near AArey recently. Its a big scam by builders to protect their sales and not allow buyers to cash in on the opprtunities in a rising market. Where is the Government and the regulation???Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-64927011358980169522009-10-12T20:44:35.891-07:002009-10-12T20:44:35.891-07:00Party long over in Dubai:
An Analyst Questions Du...Party long over in Dubai:<br /><br />An Analyst Questions Dubai on Its Heavy Debt Burden<br />By THE ASSOCIATED PRESS<br />Published: October 11, 2009<br /><br />DUBAI, United Arab Emirates (AP) — A support fund created to help Dubai pay its debts has “insufficient” resources to cover the billions of dollars of debt coming due, an analyst at the credit-rating firm Standard & Poor’s said Sunday.<br /><br />The sheikdom and its network of state-controlled companies amassed at least $80 billion in debt on projects like artificial islands and opulent high-rises during a multiyear building boom that helped the city-state fashion itself into the Middle East’s hub of finance, trade and tourism.<br /><br />About $50 billion of debt needs to be covered over the next three years, said Farouk Soussa, S.& P.’s head of Middle East government ratings. A lack of government information has left investors wondering how it all will be repaid or refinanced.<br /><br />“It’s anyone’s guess how much the government of Dubai has to support that debt,” Mr. Soussa said at a conference in Dubai. “It comes back to transparency.”Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-63279379538985818182009-10-12T20:43:08.142-07:002009-10-12T20:43:08.142-07:00US Unemployment:
“US jobs in September declined by...US Unemployment:<br />“US jobs in September declined by about 263,000 jobs, worse than the 175,000 drop expected by Wall Street economists. To the 15.1 million on the official unemployment count, add 9.2 million “involuntary part-time workers” and 2.2 million who were dropped from the tally because they had not sought work in the past month, and the unemployment rate would rise to 17.1 million. That doesn’t include another three million long-term discouraged workers - those who want to work but who have long since stopped looking. That would take the number up to 20%.”Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-87596066603170980032009-10-12T20:41:33.878-07:002009-10-12T20:41:33.878-07:00Nice article in Time about the Dubai World develop...Nice article in Time about the Dubai World developement. The author noted that only one island reportedly belonging to Sheik Mohammed ended up occupied. The 299 other islands arebarren.An Irish investor in the islands reportedly committed suicide after Dubai’s property market dropped 50%. <br /><br />theh best quote<br /><br />“Dubai today has the feel of a futuristic five star ghost town basted by sandstorms” <br /><br />My guess is in 5-10years the futuristic aspect will be gone.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-32284948276498777272009-10-12T20:40:25.165-07:002009-10-12T20:40:25.165-07:00Oct. 12, 2009, 8:47 a.m. EDT · Recommend (46) · Po...Oct. 12, 2009, 8:47 a.m. EDT · Recommend (46) · Post:<br />Obama fails to win Nobel prize in economics<br />Commentary: Michael Moore, Timothy Geithner also passed over<br /><br />By MarketWatch<br /><br />LONDON (MarketWatch) — In a decision as shocking as Friday’s surprise peace prize win, President Obama failed to win the Nobel Memorial Prize in Economic Sciences Monday.<br /><br />While few observers think Obama has done anything for world peace in the nearly nine months he’s been in office, the same clearly can’t be said for economics.<br /><br />The president has worked tirelessly since even before his inauguration to wrest control of the U.S. economy from failed free markets, and the evil CEOs who profit from them, and to turn it over to wise, fair and benevolent bureaucrats.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-28380228763628053002009-10-12T16:47:53.341-07:002009-10-12T16:47:53.341-07:00A Bounce? Indeed. A Boom? Not Yet.
THE sudden ris...A Bounce? Indeed. A Boom? Not Yet.<br /><br />THE sudden rise in home prices suggests that the psychology of the market has shifted substantially. But what should we expect in the months ahead? Not necessarily that we’re entering a new housing boom. <br /><br />At the moment, it appears that the extreme ups and downs of the housing market have turned many Americans into housing speculators. Many people are still playing a leverage game, watching various economic indicators as well as the state of federal bailout programs — including the $8,000 first-time home-buyer tax credit that is currently scheduled to expire before Dec. 1 — in an effort to time their home-buying decisions. The sudden turn could signal a new housing boom, but is more likely just a sign of a period of higher short-run price volatility. <br /><br />http://www.nytimes.com/2009/10/11/business/economy/11view.html?_r=1<br /><br />Vulture.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-25664899532932312262009-10-12T14:58:54.229-07:002009-10-12T14:58:54.229-07:00Why would Econ Times write this article? Given the...Why would Econ Times write this article? Given the fact that they have an understanding with their advertising partners the builders?<br /><br />It can't be that they have suddenly developed a social conscience..<br /><br />Is it a shake out? Builders pay us more or Advertise more else we will unleash our investigative journalism talents...<br /><br />Another thing I have always wondered about. Some people say that if one has to live in the house then it does not matter what price you buy it at...its ok.<br /><br />Suppose the price of meal fluctuated 300% from a median price time to time in a day...When would you prefer to have a meal? When prices are 300% up from the median or would you prefer to wait for some more time till prices fell 300% below the median?<br /><br />People will then not say that if you have to consume the meal, its ok if you pay 300% more than the median price...<br /><br />Just to drive the point home I am borrowing from a book I really like. Its called Magic Formula Investing. In the book the author explains about how seed capital can be compounded over time to provide a nice nest egg. Then explains the impact of wasteful expenditure to a kid saying if you knew that each chewing gum stick you are buying for 25 cents can be compounded at a reasonable rate of return and will become 10,000 dollars after 20 years would you still waste money on that gum...<br /><br />Another Author of a book called the Automatic Millionaire talks of the Latte factor..He shows that if you do not spend money on your latte at starbucks everyday and saved the money plus invested in safe instruments..then the money could be enough for you to retire on..<br /><br />Given all this, even if you want to stay in that house right now, can you afford to spend extra money which could have provided for your old age and comfort in such a wasteful fashion??? can you say that I need to own my house right now at any price so let me buy it at the peak, blow all my savings and what's more take a loan at a teaser rate, which will definitely balloon one day to 14%+.<br /><br />Its like taking dynamite and blowing up your future and your families future..But if you are that desperate, hey go for it, who are we to prevent you?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-2571293262804389802009-10-12T14:25:15.625-07:002009-10-12T14:25:15.625-07:00Whether it makes sense to buy property at increase...<a href="http://economictimes.indiatimes.com/Investors-Guide/Whether-it-makes-sense-to-buy-property-at-increased-price/articleshow/5114022.cms" rel="nofollow">Whether it makes sense to buy property at increased price?</a><br /><br />Data from the department of stamp duty and registration in Mumbai show property registrations fell in August by 13% after an average month-on-month increase of 6% starting from April. This is mainly due to an upward revision in project prices. Property prices started falling from April ’08 and the trend continued till Dec ’08. Some properties saw a fall ranging between 10% and 40%.<br /><br />Since Jan ’09 prices stabilised and economy recovery become visible, demand started to pick from March ’09. Depending on location and the stage of construction, a lot of projects have seen almost10-30 % increase in their quoted prices from July ’09. In the past 3-4 months, builders have been quicker to respond to this increased off take than they were when prices were falling. It’s a case of making the most of the opportunity.shaileshhttps://www.blogger.com/profile/14407031960831830463noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-58523024751436265302009-10-12T11:27:19.334-07:002009-10-12T11:27:19.334-07:00High speculative positions in gold raise sell-off ...High speculative positions in gold raise sell-off worries<br /><br />By Moming Zhou, MarketWatch<br /><br />NEW YORK (MarketWatch) - Gold futures held by speculators reached a record high in the most recent week as prices climbed to an all-time high above $1,060 an ounce, raising worries that a possible switch in positions could lead to a slump in gold prices.Anonymousnoreply@blogger.com