tag:blogger.com,1999:blog-19740856.post8268123012673609698..comments2024-03-28T00:59:01.483-07:00Comments on India's housing bubble: Fair price for an apartment in Mumbai/Pune/BangaloreUnknownnoreply@blogger.comBlogger43125tag:blogger.com,1999:blog-19740856.post-82993583354863159612021-05-21T01:15:34.181-07:002021-05-21T01:15:34.181-07:00Thanks 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/jjs-hill-county/" rel="nofollow">Residential plots for sale in Loyapally, Hyderabad.</a> JJ Infra is the No.1 Real estate company for Investments.jjinfraindiahttps://www.blogger.com/profile/01030093860632728706noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-26099903770488642152020-01-03T22:24:50.648-08:002020-01-03T22:24:50.648-08:00The blog is written in a good manner. The way its ...The blog is written in a good manner. The way its written is so interesting. good blog. thanks for sharing.<br /><b><a href="https://www.ownhomes.co.in/residential-projects-in-bangalore/" rel="nofollow">residential plots for sale in bangalore</a> </b> | <b><a href="https://www.ownhomes.co.in/residential-projects-in-bangalore/" rel="nofollow">residential land for sale in bangalore</a> </b> | <b><a href="https://www.ownhomes.co.in/residential-projects-in-bangalore/" rel="nofollow">site for sale in bangalore</a> </b> | <b><a href="https://www.ownhomes.co.in/residential-projects-in-bangalore/" rel="nofollow"> land for sale in bangalore</a> </b> Own Homeshttps://www.blogger.com/profile/17779214333197124621noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-44933227970348285642013-04-19T02:10:26.660-07:002013-04-19T02:10:26.660-07:00I always like your blog post because you always co...I always like your blog post because you always comes with different ideas and information. I always shared your site post with my friends. Keep posting and i will follow you<a href="http://stellarglobal.com/" rel="nofollow">Furniture Stores in puna</a>modular office furniturehttps://www.blogger.com/profile/03373979602241824517noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-15322854182570029762012-12-01T03:14:07.101-08:002012-12-01T03:14:07.101-08:00Thank you very much for writing this blog. It was ...Thank you very much for writing this blog. It was very easy to understand. That was a very good blog.2 bhk flats in bangalorehttp://www.proptiger.com/2bhk-apartments-flats-bangalore.phpnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-7952888972292094522012-01-20T03:28:52.107-08:002012-01-20T03:28:52.107-08:00Wonderful blog & good post.Its really helpful ...Wonderful blog & good post.Its really helpful for me, awaiting for more new post. Keep Blogging!<br /><br /><br /> <a href="http://www.etastar.co.in/ongoingprojects/index.html" rel="nofollow">1 2 3 4 BHK Apartments for Sale in Bangalore </a>Alexhttps://www.blogger.com/profile/08498385503201991742noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-39786196783500464142010-02-10T05:53:18.780-08:002010-02-10T05:53:18.780-08:00Great article as for me. It would be great to read...Great article as for me. It would be great to read a bit more concerning that topic. The only thing this blog misses is a few photos of some gadgets.<br />Katherine Trider<br /><a href="http://www.jammer-store.com/" rel="nofollow">Phone jammer</a>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-11860183537144404562009-08-27T12:15:17.697-07:002009-08-27T12:15:17.697-07:00I would say my requirement is also the same criter...I would say my requirement is also the same criteria as yours. making 15-17 lpa a year and i want a decent flat in mumbai close to schools and hospitals. I would say my budget would be around 50 lakhs for a 1700 sq.feet apmt.i could stretch to 50 provided the locality is great and construction is high class. Thanks so much for sharing.Samhttp://www.asiarooms.comnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-42480689527860626942009-06-22T23:42:26.921-07:002009-06-22T23:42:26.921-07:00Just wanted to add something here. Magarpatta is o...Just wanted to add something here. Magarpatta is one of the reputed society in pune that got the concept of walking distance to office (IT), hospital , school and play ground area. it's a place that everybody would like to live (atleast I like it most in pune). As compare to pune prices, this place is comparatively cheap. You can get a flat in range of 3200 per sq feet from builder ( 8 months before it was 3750 ) with 50% off on MSEB and parking space.<br />second hand brand new flats ( possession received in June09 or will be given in Dec 09) are available with rate of 2800 per sq ft. standard 2 BHK apt size is approx 1100 sqft + and 3 BHK size is 1500 sqft+.<br />Expected rent is this area for 2 BHK unfurnished flat is 12K.<br />I think this is a good time to by at least in magarpatta as the builder is planning to increase the price again to 3750.<br />You can check more abt this society @ http://www.magarpattacity.com/.<br /><br />I recently bought a flat for myself in 40lacks.<br /><br />wish you all a good luckNamratahttps://www.blogger.com/profile/14350633342942040888noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-75235699630630352812009-06-16T04:15:14.466-07:002009-06-16T04:15:14.466-07:00Please never think about buying property with Kuma...Please never think about buying property with Kumar Buiders, though as they say their motto is “We Build trust” , They do exactly reverse to that.<br />Delayed possession, mis-comminications, false promises Worst post sales service, is all that we have been experiencing with Kumar Shanitiniketan since past 4 yrs now. The project launched on 15th Aug 05 ( yes 05 !!) with Promised possession date of Dec 07 and till now ( June 09) not a sigle bulding (out of 8) is handed over. <br />The pain of spending our hard earned money in EMIs as well as Rents can only be emagined when we go through that. <br />So please please think twice before going to them and believing to their promises.anonynewhttps://www.blogger.com/profile/02515768172912374345noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-90081176978545964372009-05-04T03:41:00.000-07:002009-05-04T03:41:00.000-07:00Mont vert(MV) - a builder in pune which has quite ...Mont vert(MV) - a builder in pune which has quite a few projects in Pashan and Wakad area had started an offer two months ago. the offer was "rent today buy tomorrow". looks like there were no takers for that offer. seems like MV is desperate now. he has now come up with another offer. the offer is that he will give you a high security door, a wallpaper on the living room hall, and a ganesha idol to all those who are interested in his 11 flats (which are the only ones covered by this scheme). he thinks that they buyers can easily be fooled by offering them an idol. how can they say no to a ganesha idol AND a flat??!!? all these offers while not bringing down the rates of his flats (which are silly 3200+ for pashan). people, these builders are desperate and will come down to their knees very soon. don't let them insult your intelligence. don't let them underestimate your smartness. do not pay 40+ lakhs of rupees for 1100 sq ft flat and be a bank's b*tch for 20 years. bargain bargain bargain (ganesha idol or no idol). smack the heck out of these builders and don't let them underestimate your smarts.Vinod Guptenoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-74002798012781070112009-05-04T03:19:00.000-07:002009-05-04T03:19:00.000-07:00To Kapil
gangsters, corrupt politicians, corrupt ...To Kapil<br /><br />gangsters, corrupt politicians, corrupt babus have been india's curse since the days of haji mastan and indira gandhi. were they not interested in RE pre '04? why were the prices in '04 1/3rd or 1/4th of what they are now? and why do you think these people buy these RE assests? not just to hold onto them forever fo sho? they want to sell it to common man and common man cannot buy these properties if he cannot afford them. and IT/ITES folks were the major buyers of properties in the last 3-4 years. if these guys fear that their salaries are going to be stagnant for some time to come, they cannot commit to pay 40K in EMI and be a bank's slave for the next 20 years.Freenivas Reddynoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-76965964344815743782009-05-04T01:47:00.000-07:002009-05-04T01:47:00.000-07:00Email from Kumar Builders, Pune giving details of ...Email from Kumar Builders, Pune giving details of their current projects:<br /><br />Giving due credit where it lies, Anonymous has posted this comment on http://ravikarandeekarsblog.blogspot.com/.<br />I am reposting the comment here since the link does not work.<br /><br />------------------------<br />Below is the email I recieved from Kumar builders with briefs on their projects. This proves that PBAP are in denial of the reality. Hope this helps you in your blog.<br /><br />Dear Sir / Madam,<br /><br />We at Kumar Builders stand firm by our motto, “We Build trust.” Kumar Builders is an accredited ISO 9001: 2000 organization and is among the first Construction Companies to obtain an ISO 14001: 2004 Environmental Certification, proving our commitment to a greener healthier environment. In addition Kumar Builders has also been awarded the OHSAS 18001: 2007 Health and safety certification. With over 27 ongoing projects, our goal is to continue to implement our Quality Management System to create a customer focused organization that delivers top of the line construction on a timely basis and maintain our status as a market leader in the construction industry.<br /><br />As required by you, we are pleased to furnish herewith the details of our ongoing projects in Pune, which surely would suit your requirements and preferences.<br /><br /><br />KUMAR AATMAN<br /><br />http://www.kumarbuilders.com/aatman/index.html<br /><br />Location : Baner Road Pune<br /><br />Land Mark : Behind Hotel Mahabaleshwar<br /><br />Configuration<br /><br />(Carpet area) : 2 BHK: 895 sq ft and 3BHK: 1169 sq ft to 1173sq ft<br /><br />Rate per sq. ft. : Rs. 3750/- sq ft<br /><br />No. of Stories : 6<br /><br />Possession : Sep 2009<br /><br />3 flat per floor. Booking open for Buildings A & C.<br /><br />Construction Stage : Wing A: 85% and Wing C: 80%<br /><br />Budget : 2BHK - 51 Lacs 3BHK – 63 Lacs to 67 Lacs<br /><br />Major Amenities : Swimming pool, Gymnasium, Children play area, community Hall.<br /><br /><br />Contact person: Mr. Sudit: 9960655566 / Mr. Hiren Sanghani: 9960594211<br /><br /><br /><br />KUMAR SHANTINIKETAN<br /><br />http://www.kumarbuilders.com/shantiniketan/index.html<br /><br />Location : Baner Pashan Link Road Pune<br /><br />Land Mark : Opp. Lane to Dutta Mandir<br /><br />Configuration<br /><br />(Carpet area) : 2.5BHK:931sq ft to 843 sq ft & 3BHK:964 sq ft to 1156sq ft.<br /><br />Rate per sq.ft. : Rs. 3500/- Sq ft upto 4th floor and Rs.25 floor rise thereafter<br /><br />Possession : Aug 2009<br /><br />Total bldg. : 8<br /><br />Total Flats : 375<br /><br />No. of Stories : 11<br /><br />Construction Stage : A1: 95%, A2: 90%, B1: 90%, B2: 95%, B3: 90%<br /><br />C1: 90%, C2: 85%, and D: 90%<br /><br />Budget : 2.5BHK – 51 to 53 Lacs, 3BHK – 55 to 65 Lacs<br /><br />Major Amenities : Wi –Fi connectivity, Video door phone, 2 lac sq.ft. Podium Garden, vehicle free / pollution free zone, Children’s play Area, Kids fun pool, Lazy pool, Jogging track, reflexology path, and skating rink. Membership of Symphony Club.<br /><br /><br />Contact person: Mr. Hiren Sanghani: 9960594211/Mr. Sudit: 9960655566<br /><br /><br /><br /><br />BUENA VISTA<br /><br />http://www.kumarbuilders.com/resi_buena_vista/index.html<br /><br />Location : Baner Pashan Link Road Pune<br /><br />Land Mark : Opp Lane to Dutta Mandir<br /><br />Type : 4 BHK Duplex Luxurious Apartments<br /><br />Area<br /><br />(Carpet area) : 2037 sq ft to 2465 sq ft<br /><br />Rate : Rs. 4500/- Sq ft upto 4th floor, 4650/- on 5th flr.<br /><br />Rs 40 floor rise thereafter<br /><br />Possession : May.2009<br /><br />Total bldg. : 3<br /><br />Total Duplex : 36<br /><br />No. of Stories : 12<br /><br />Construction Stage : Building A & B: complete, Building C: 95%<br /><br />Budget : 1.44 cr. to 1.73cr.<br /><br />Major Amenities : Exclusive amenities for just 36 Duplex apartments. Plush Landscaping, Video Intercom Security System<br /><br />Club house, swimming pool, gym, Childrens play area. Symphony Club Membership (optional)<br /><br />Contact person: Mr. Hiren Sanghani: 9960594211 / Mr. Sudit: 9960655566<br /><br /><br /><br />KUBERA BAHAAR<br /><br />Location : Baner Pashan Link Road Pune<br /><br />Land Mark : Opposite Lane to Balaji Temple<br /><br />Type : Row House<br /><br />Area<br /><br />(Carpet area) : 1822 sq ft.<br /><br />Rate : Rs.4500/- sq ft<br /><br />Possession : May. 2009<br /><br />Construction Stage : 80%<br /><br />Budget : 1.32cr, 1.42cr<br /><br />Availability : 3<br /><br />Major Amenities : Membership to the adjacent Symphony club. Facilities include Swimming pool, Gymnasium, Badminton court, Steam Sauna, Jacuzzi, Residential guest room, Billioards, snooker, and pool, conferanence hall, cafeteria, Aerobic centre, Yoga room, Music room, Library.<br /><br /><br />Contact person: Mr. Hiren Sanghani: 9960594211 / Mr. Sudit: 9960655566<br /><br /><br /><br />KUMAR SUBLIME<br /><br />http://www.kumarbuilders.com/Sublime/index.html<br /><br />Location : Off NIBM Kondhwa<br /><br />Land Mark : Next to Kumar Suraksha, Kondhwa<br /><br />Configuration<br /><br />(Carpet area) : 2BHK : 926 sq ft<br /><br />2.5BHK: 939 sq ft & 982 sq ft<br /><br />3BHK : 1102 sq ft<br /><br />Rate : Rs.3225 /- sq ft upto4th floor<br />Rs 25 floor rise from 5th floor onwards<br /><br />Possession : June 2010<br /><br />Total bldg. : 2 (A, B)<br /><br />Total Apartments : 72<br /><br />No. of Stories : 9<br /><br />Construction Stage : Wing A: 45%, Wing B: 60%<br /><br />Budget : 2BHK: 47 Lacs, 2.5BHK:49 Lacs, 3BHK:57 Lacs<br /><br />Major Amenities : India’s first Demonstrated Eco- housing Project.<br /><br />270° open, no common wall between flats, Swimming pool, Gym, Club house, Yoga / Meditation Room, Solar water heating, 50% solar lightings for common areas, card room.<br /><br />Contact Person: Rauff Sheikh Mo: 99605 94242<br /><br /><br /><br />KUMAR KRUTI<br /><br />http://www.kumarbuilders.com/kumar_kruti/index.html<br /><br />Location : Kalyani Nagar Pune<br /><br />Land Mark : Behind Gold Adlabs Multiplex.<br /><br />Configuration<br /><br />(Carpet area) : 2BHK:774 sq ft to 841 sq ft and 2.5BHK:942 sq ft to 995 sq ft<br /><br />3 BHK 1212 to 1244sq.ft.<br /><br />Rate : Rs.4800/- to Rs.5300/-<br /><br />Possession : Aug 2009 (up to 10th flr.)<br /><br />1 yr. (for 11th flr. & 12th flr.)<br /><br />Total bldg. : 5<br /><br />Total Apartment : 403<br /><br />No. of Stories : 12<br /><br />Construction Stage : A1: 80%, A2: 90%, A3: 80%, A8: 85%, A9: 75%<br /><br />Budget : 2BHK: 56 Lacs to 58 Lacs<br /><br />2.5BHK: 67 Lacs to 68 Lacs<br /><br />3BHK: 77.5 to 88 Lacs<br /><br />Major Amenities : 9 different Gardens to suit each mood, Community Hall, Barbeque Corner, Amphitheatre, Wi-Fi connectivity, Video - door phone, Visitors Tracking System, Gas Leak detector to every flat, Portable Panic button in every flat, Swimming pool, bubble pool, kids pool, reflexology path, tennis court, stroke basketball court, skating rink.<br /><br /><br />Contact Person: Riyaz Kazi Mo: 99605 94244<br /><br /><br /><br />KUMAR CITY<br /><br />http://www.kumarbuilders.com/kumar_city/index.html<br /><br />Location : Kalyani Nagar Pune<br /><br />Land Mark : Behind Gold Adlabs Multiplex.<br /><br />Type : 4 BHK Row House.<br /><br />Area<br /><br />(Carpet area) : 2008 sq. ft<br /><br />Rate : Rs.6800/sq. ft<br /><br />Possession : Ready Possession<br /><br />Budget : 2.26 cr.<br /><br />Availability : 1<br /><br /><br />Contact Person: Riyaz Kazi Mo: 99605 94244<br /><br /><br /><br />Laxmi Vilas<br /><br />http://www.kumarbuilders.com/luxmivilas/index.html<br /><br />Location : Mukund Nagar<br /><br />Land Mark : Next to Maharashtra Mandal School/opp. To Ekbote furniture.<br /><br />Type : 2BHK & 3BHK, Shops and Plinth<br /><br />Area<br /><br />(Carpet area) : 793 sq ft to 1020 sq ft<br /><br />Rate : Rs.6000/- sq ft (Flats), 7000/- (Plinths), 8000/- (Shops)<br /><br />Possession : Oct 2008 / Ready<br /><br />Total bldg. : 4<br /><br />No. of Stories : 11<br /><br />Construction Stage : 95% / Ready possession.<br /><br />Budget : 2BHK: 71 Lacs and 3BHK: 91 Lacs<br /><br />Shops: 42 lacs and Plinth: 3cr.<br /><br />Major Amenities : Designed as per "Vastushastra Nakshatrawatika".<br /><br />CCTV facility from main gate, Beautiful Singaporean landscape. Swimming pool, Gymnasium, Club house,<br /><br />Childrens play area, Party Lawn.<br /><br />Contact Person: Shrikant K: 99605 94167<br /><br /><br /><br />Kumar Riddhi / Kumar Siddhi / K. Samruddhi<br /><br />Location : Hadapsar<br /><br />Land Mark : Nr. PMT Depot. Pune.<br /><br />Type : 1BHK, 2BHK, 2.5BHK<br /><br />Area<br /><br />(Carpet area) : 1 BHK – 389sq ft,<br /><br />: 2BHK – 538 sq ft<br /><br />: 2.5BHK - 724 sq.ft.<br /><br />Rate : Rs. 2750/-<br /><br />Possession : 3 yrs.<br /><br />Total bldg. : 3<br /><br />No. of Stories : 7<br /><br />Construction Stage : 3 months to commence.<br /><br />Budget : 1BHK-16.5 lacs,<br /><br />2BHK – 21.95 to 22.41 Lacs<br /><br />2.5 BHK – 29.60 Lacs<br /><br />Contact Person: Radheya Saraf: 9975496251<br /><br /><br /><br /><br /><br /><br /><br />WINDSOR PARK<br /><br />http://www.kumarbuilders.com/mahabaleshwar/index.html<br /><br />Location : Panchgani-Mahabaleshwar Road.<br /><br />Land Mark : Bhose Khind Panchgani Mahabaleshwar Road<br /><br />Pune - 110 km<br /><br />Type : 4 BHK (G+1 & G Type plan)<br /><br />Total Bunglow : 103<br /><br />Area : 5500 sq. ft. onwards to 9000 sq.ft<br /><br />Rate : 3400/-& 3800/- per sq ft. (depending on the plot) and Remaining<br /><br />Open Plot: 400/- per sq. ft.<br /><br />Possession : Nearest Dec. 2008 (MODEL BUNGALOW IS READY)<br /><br />Construction Stage : 25% to 75% varies plot to plot.<br /><br />Budget : 85 Lacs & above<br /><br />Major Amenities : Club House, Gym, open air amphitheatre, Table tennis, Toddler’s Play area, Children’s play area, Yoga area and meditation zone, walking and jogging track, wi-fi deck, Multi purpose court (tennis, basketball and volleyball), Shalimar Garden.<br /><br /><br /><br />Contact person: Mr. Nisar: 9960594212<br /><br /><br /><br />New launch<br /><br />Sophronia Extension<br /><br />http://www.kumarbuilders.com/sophoronia/index.html<br /><br />Location : Kalyani Nagar Pune<br /><br />Land Mark : Behind Gold Adlabs Multiplex.<br /><br />Configuration<br /><br />(Carpet area) : 2BHK:950 sq ft and 3BHK:1158 sq.ft.<br /><br />Rate : Rs.4900/- to Rs.5000/-<br /><br />Possession : 1 yrs.<br /><br />Total bldg. : 6<br /><br />Total Apartment : 172<br /><br />No. of Stories : 11<br /><br />Construction Stage : Bldg. is ready till 9th flr. Now we are starting booking for 10th & 11th flr.<br /><br />Major Amenities : Beautiful Singaporean Landscaped garden, Party Area, Childrens play area, Indoor Games, Jogging track, Pool side deck and lazy pool, Barbeque, Open Amphitheatre, Solar Heating Systems.<br /><br />Contact Person: Riyaz Kazi Mo: 99605 94244<br /><br /><br /><br /><br /><br />New launch<br /><br />Shantiniketan Phase- 2<br /><br />Location : Baner Pashan Link Road Pune<br /><br />Land Mark : Opp. Lane to Dutta Mandir<br /><br />Configuration<br /><br />(Carpet area) : 2BHK - 715 sq ft<br /><br />Rate : Rs. 3000/- Sq ft upto 4th floor and Rs.25 floor rise from 5th floor<br /><br />Possession : 3 yrs.<br /><br />Total bldg. : 8<br /><br />Total Flats : 375<br /><br />No. of Stories : 11<br /><br />Construction Stage : 1 month to commence<br /><br />Budget : 2BHK – 34 Lacs<br /><br />EMD for Blocking a flat: 100000/-<br /><br />Major Amenities : WI – Fi connectivity, Video door phone, 2 lac sq.ft. Podium Garden, vehicle free / pollution free zone, Children’s play Area, Jogging track, reflexology path, and . Membership of Symphony Club.<br /><br />Contact person: Mr. Hiren Sanghani: 9960594211 / Mr. Sudit: 9960655566<br /><br /><br /><br /><br /><br />· Township – Baner Balewadi – Hinjewadi Road<br /><br />Location: on the main artery road, connecting to Pune and Mumbai, Between Hinewadi Phase I & Balewadi Stadium and in the close Proximity to leading it companies such as Cognizant, Infosys and Wipro.<br /><br />Total Plot Area: 110 Acres<br /><br /><br /><br />TYPE Area Rate Booking Amt<br /><br />1 BHK 500 sq.ft. 2700/- 50000/-<br /><br />1.5 BHK 650 sq.ft. 2700/- 100000/-<br /><br />2 BHK 850 sq.ft. 2700/- 100000/-<br /><br />2.5 BHK 1100 sq.ft. 2700/- 200000/-<br /><br />3 BHK 1300 sq.ft. 2700/- 200000/-<br /><br /><br /><br />Please Note:<br /><br />· Service tax & Vat applicable as per actuals.<br /><br />· Rates excluding other expenses.<br /><br />Please feel free to contact for more information or queries if any. Visit our web site (www.kumarbuilders.com) for floor plans, pictures and other details.<br /><br /><br /><br /><br />Regards<br /><br />Sudit Bhachawat / Hiren Sanghani<br /><br />Team Sales- Kumar Builders<br /><br />9960655566 / 9960594211<br /><br />Saturday, May 2, 2009 9:07:00 AM IST<br />------------------------Abeer Bagulnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-3668072387762326042009-05-03T15:05:00.000-07:002009-05-03T15:05:00.000-07:00Bindaas bhai @ 4:51 am mentions "God willing" TWIC...Bindaas bhai @ 4:51 am mentions "God willing" TWICE. :) I now understand his fact/data based analysis more clearly now.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-63309292337547041732009-05-03T12:46:00.000-07:002009-05-03T12:46:00.000-07:00Hi,
there is definitely going to be a drop in real...Hi,<br />there is definitely going to be a drop in real estate prices,at least 50%.I own an apartment in a tower with 120 flats ,there are no buyers.Hold on to your money and you can buy two flats for the price of one.<br />joeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-70060126218536505002009-05-03T09:10:00.000-07:002009-05-03T09:10:00.000-07:00Abeer, the link doesn't open. Please post the full...Abeer, the link doesn't open. Please post the full email but don't mention any personal information. <br /><br />Bhai,<br />I'm warning you since you were overstepping the line of decency and decorum. Telling people that you are going to take their pants off is offensive and rude and not to mention gay. We will see who is swimming naked when the tide which has already turned, receeds offshoreVikhttps://www.blogger.com/profile/14772111799029574023noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-90413827873314862102009-05-03T07:45:00.000-07:002009-05-03T07:45:00.000-07:00Someone has posted a comment here:
https://www.blo...Someone has posted a comment here:<br />https://www.blogger.com/comment.g?blogID=5269558537262232516&postID=8991305251189982585<br /><br />This comment contains an email from Kumar Builders, Pune, giving the details and prices for flats in their various projects outside Pune. <br /><br />If the link does not work, I will repost the entire comment as I have saved it.Abeer Bagulnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-57488113488578389632009-05-03T04:51:00.000-07:002009-05-03T04:51:00.000-07:00Shailesh,
Frustaration is clearly showing up, rel...Shailesh,<br /><br />Frustaration is clearly showing up, relax, will you sell your house 40% less and later buy at 50%less. In that I am a moron otherwise we know who the moron is.<br /><br />God willing by June 09 we will get a clear prespective. As mentioned earlier IT will take a couple of more qtrs. No sooner other Industries start reviving the effect will be felt surely but slowly in IT and advt.<br /><br />Dont get frustrated and write like vulture (jaundice eye). We never do business being rigid, be flexible you will stand to gain. I am not asking you to buy property. I am only expressing my views the way you express.<br /><br />Kindly be descent while putting your point forward. Vik, I cant see your warning now. I remember last time when HB (housing bull) posted his view contra to your expectation you had warned.<br /><br />Just pray that Flu will bring some cheer onto you face otherwise the days for bears, god willing is over.<br /><br />Minimum 50% increase in three years for Mumbai.<br /><br />Don’t time, don’t time, don’t time.<br /><br /><br />Bindas BhaiAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-842722367832570592009-05-03T03:48:00.000-07:002009-05-03T03:48:00.000-07:00Bhai - You are a moron.
You want to take advice f...Bhai - You are a moron.<br /><br />You want to take advice from the guy who does not understand difference between Liquid and Illiquid??? And make one of the biggest purchase of your life???<br /><br />Anyway most established areas in city of Mumbai are dumps. They have Slums all around them. Also if you work in IT, there is no reason to live in older neighborhood. Most IT folks would be ok living in Thane and Navi Mumbai. I know for many old timer, that is kind of considered as taboo, but believe me they have better chance of coming up then Old Mumbai after all this is over.<br /><br />If you are making an offer today, make it 50% of the peak prices. Nothing more. The sellers have no choice. They are trapped with Illiquid assets, large bank loans and with large losses in Stock portfolio. In last RE bubble/bust, you did not have many with Bank loans. But this bubble has Subprime ARM loans written all over it.shaileshhttps://www.blogger.com/profile/14407031960831830463noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-70764235953107718452009-05-03T03:38:00.000-07:002009-05-03T03:38:00.000-07:00Mark my words, Properties will sell at prices belo...Mark my words, Properties will sell at prices below 2002. Granted the Malabar hill/Bandra/Juhu condo owner will kick and scream before that happens. We are trying to analyze RE in 24x7 mode which is impossible. Even then RE downturn this time is much more severe than anything world has seen so far.<br /><br />The salaries of 12-14PLA is history. I work in Sales in IT in US. I see up close and personal to what is coming down the line. The offshore billing rates are getting cut in half. No IT companies can afford billing rates to cut by 50% and still pay peak salaries they negotiated in 2005. In fact in US already, many tech companies have reduced base salaries across the board. It wont take longer for that to happen in India.<br /><br />See this article. If Dubai can drop 70%, can Mumbai hold on?<br /><br /><A HREF="http://www.nuwireinvestor.com/articles/dubai-property-prices-could-plunge-70-percent-from-their-2008-peak-52894.aspx" REL="nofollow">Dubai Property Prices Could Plunge 70 Percent From Their 2008 Peak</A>shaileshhttps://www.blogger.com/profile/14407031960831830463noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-65286389269431143802009-05-03T00:23:00.000-07:002009-05-03T00:23:00.000-07:00Now it is very difficult for the prices to fall ac...Now it is very difficult for the prices to fall across in Mumbai. I am pretty sure that the prices will remain overall firm and hence i am recommending to buy. I am asking you all to wait till June 09 so that there is a double confirmation.<br /><br />Vulture can get personal and call people broker that is purely out of sheer frustration of last 2 years plus. Poor fellow all this fundas what he has learnt is just not working. Let him call the people with contra views as broker, how does it matter? I am more interested in getting some knowledge and that is the reason I spend time on this Blog.<br /> <br />Remember one thing reading books and explaining words about liquid and illiquid asset does not make any sense for you and me. The bottom line is if you are able to sell your REt in boom time or when the market is flat, that is what counts rest and the other explanation is irrelevant.<br /><br />Starting from Jan 07 this blog is talking about crash, what happened we all know. Even after the US collapse I had mentioned Mumbai will hardly get affected and I still continue to say. This is a good time to buy for actual users as the indicators point out that the bulls are in. This is a consolidation phase and things will only look up for most of the industry. <br /><br />Companies back on the hunt, rev up hiring in April<br />http://economictimes.indiatimes.com/News/News-By-Industry/Jobs/Companies-back-on-the-hunt-rev-up-hiring-in-April/articleshow/4461445.cms<br /><br />If the prices had to fall to 2004 levels it would have happened by now. Lot of areas have seen good correction but if you are expecting similar correction in Mumbai or still hoping that you will get at 04 levels you are fooling yourself.<br /><br />Minimum 50% increase in three years for Mumbai.<br /><br />Don’t time, don’t time, don’t time.<br /><br /><br />Bindas BhaiAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-54466250120001823922009-05-02T23:27:00.000-07:002009-05-02T23:27:00.000-07:00dude,
I am in the same boat, I say if you can aff...dude, <br />I am in the same boat, I say if you can afford the house buy it, don't wait. I also think prices are going to fall but if i get home of my choice and if i can afford it i am buying<br />jay from mumbaiAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-25164824220189156692009-05-02T18:12:00.000-07:002009-05-02T18:12:00.000-07:00Looks like media is also considering the serious a...Looks like media is also considering the serious analysis posted on this site. Though DNA explained the ponzi scheme of DLF based on balance sheet, we had identified the scam based on operational activities. <br /><br />Comments from April 21st Post.<br /><br /><br />Indian Madoff?<br /><br />RE companies in India has seized the home buyers like Madoff. Now this has raised the regulatory concern about the RE companies activities. If one will take a close look at company’s operation it is nothing but a Hedge Fund OR Ponzi scheme.<br />The non bank finance companies used to raise funds & invest into RE companies. If it is supposed to be project financing, there was no harm but the activities went to extreme level of leveraging for which the innocent home buyers are paying. <br /><br />Private Equity/Hedge Fund -> DLF Assets Private Limited(NBFC) - > DLF(Real Estate company)<br /><br />How the projects work?<br />For an example, launch a 100 Crore project with mere 5 crore owner’s equity (20 times leverage) + tie up with NBFC for future finance. Once the buyers will sign the irrevocable agreement then divert the money to start up another project & repay the return for NBFC. <br /><br /><br />DLF Assets Private Limited<br />http://investing.businessweek.com/research/<br />stocks/private/snapshot.asp?privcapId=36481682<br /><br />http://indiarealestatemonitor.com/property-articles/<br />dlf-assets-files-for-ipo-approval-in-singapore/<br /><br />Hedge Fund<br /><br />http://www.hedgefundsindia.com/blog/<br />_archives/2009/2/4/4081047.html<br /><br />Non-Banking Financial Companies(NBFCs)<br /><br />http://indiabudget.nic.in/es98-99/chap35.pdf<br /><br />So guys let it fall then only pick up, minimum 50% price cut is guarantee.<br /><br />Vulture.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-86476089790378950722009-05-02T17:30:00.000-07:002009-05-02T17:30:00.000-07:00Non-Resident Indians urged to invest in Mumbai inf...<A HREF="http://www.business24-7.ae/articles/2009/5/pages/02052009/05032009_329b1e6bb161488ea0554af0f393ae93.aspx" REL="nofollow"> Non-Resident Indians urged to invest in Mumbai infrastructure </A>The Mumbai Municipal Commissioner has urged the Non-Resident Indian investors in the UAE to make use of attractive investment opportunities in the largest commercial city of India.<br /><br /><I>The question I have is, if everyone is so rich in Mumbai (living in houses costing crores of Rs, also have ton of black money), why can't they improve their own infrastructure, and have to go begging to NRI's in UAE? </I>shaileshhttps://www.blogger.com/profile/14407031960831830463noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-47617879973771891912009-05-02T17:26:00.000-07:002009-05-02T17:26:00.000-07:00Builders, politicians cheer affordable homes in In...<A HREF="http://uk.reuters.com/article/governmentFilingsNews/idUKBOM42676620090428" REL="nofollow">Builders, politicians cheer affordable homes in India</A> MUMBAI, April 28 (Reuters) - A recent state government lottery for about 4,000 low-cost apartments in Mumbai drew more than 430,000 applications, underlining the need for affordable housing in a country where housing is also a top election issue.<br /><br />Political parties of all hues have seized on affordable homes as a vote getter in India's ongoing general election, plugging in to the frustration of millions priced out of a real estate boom fuelled by a robust economy and a six-year bull market.<br /><br /><br /><br />The Congress government in Maharashtra state -- home to Mumbai -- has declared 2009 as the year of "Housing for the Common Man", with a plan to build 1 million affordable homes, while the Congress government in Delhi held a lottery for 5,000 flats that got 500,000 applications.shaileshhttps://www.blogger.com/profile/14407031960831830463noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-31762725706450659222009-05-02T16:17:00.000-07:002009-05-02T16:17:00.000-07:00To understand how desperate the builders have beco...To understand how desperate the builders have become read the kind of financial shenanigans they are upto now -<br /><br /><A>So the Ponzi scheme will end</A>http://www.dnaindia.com/report.asp?newsid=1252183<br /><br />Basically, DLF seems to have created an entity called DAL (DLF Assets Ltd) and makes sales/transfers from the listed entity called DLF to DAL. Therefore showing profits and sales increasing YoY. So the slump in sales and demand has existed for quite some time but using fraud schemes like this the builders have been hiding the downturn in RE all this while.<br /><br />The problem is that receivables keeps on increasing as sales keeps increasing. For folks who do stock market investing this might be a check they can include in their armory. Check the receivables, if the receivable are increasing in direct proportion to sales it means the sales are fictitious...<br /><br />Dear Bindaas Bhai,<br /><br />On the one hand you say -<br />"Frankly speaking we will have to wait till end June 09 to know where this market will further head."<br /><br />On the other hand you also say-<br />"Minimum 50% increase in three years."<br /><br />So you see your statements are contradictory, something which Shailesh has also pointed out earlier in another context.<br /><br />I also found this statement of yours interesting -<br />"Interest rates are coming down, currently up to 30L the banks are offering at 9.25% and i am sure we will see sub 7% very soon."<br /><br />This is something which worries the hell out of me. Lowering interest rates is a form of indirect taxation. What lowering rates means is that the govt. is printing money and printing money means increasing inflation and debasement of the currency. So our wealth goes down...which means that if you had 30 lacs savings and it can buy some sundry things..then debasement of currency means you can buy less and therefore are less wealthy. <br /><br />OR in other terms the govt has taken say 5 lacs out of your savings all things being equal and now you have say 25 lacs. If the Govt. tried to rob you that way you would not have complained but the Govt. lowers rates, prints money and basically adds to monetary supply thus leading to inflation. So if the price of the houses is still 50-60 lacs after lowering rates then the real price should have been 25-30 lacs but the govt. increased money supply making things more expensive...its not a good thing for anybody..<br /><br />Lastly,<br />"Stock market has almost appreciated by 40% in last couple of months."<br />Stock markets can be analysed on the basis of technicals, fundamentals or economics. Economically we are in as bad a situation as possible and things will worsen for some time to come. Fundamentally the companies are not doing good, layoffs and revenue drying up are common. Only the prices of shares have gone down or things got oversold so this is a reaction..when this wave is over things will head downwards again. On the basis of Technicals, the Index is in a downtrend in the short, mid and long term. So the conclusion is that this is a bear market rally or an anomaly which will correct soon. The market is already overbought and the correction is imminent.<br /><br />While its good to be optimistic. One needs to be sure that the optimism is not due to bias alone and is grounded in facts.Vidyanshu Pandeyhttps://www.blogger.com/profile/03859360843032459316noreply@blogger.com