Recently I have been running into bunch of people who have purchased 3-4 flats in Banglaore for real estate investment and who are interested to sell.
One guy I met had over 2 crores of property. He needs to pay the 10% VAT(approx 20L) (thanks to the FM) since the purchase was done before april 05, and is now desperate to sell the apartments. Another guy I met had over 80L in houses. and surprisingly the builders havnt sold out too and these guys are trying to sell (time for a perfect storm)
All this thanks to Craigslist or Sulekha so I havn't even probed the real estate agents ?
If these guys use the realtors, they have to part with another 1-2%. If they have a 20% appreciation over 1 year the effective return they have is 20 -10 - 2% = 8%.,.Fixed deposits and stock mutual funds can yield better.. How stupid can these guys be ?
how many of these rats are trying to bail ship is anybody's guess.
I think this is the sign that the market is going to pause and turn down.. Lots of availability on Sarjapur road, rates havn't moved up and more property coming into the market.
Subscribe to:
Post Comments (Atom)
6 comments:
Thanks for sharing the information it helps a lot. If your searching for Open plots and Luxury villas for sale in Hyderabad. JJ Infra is the No.1 Real estate company for Investments
Nice Blog...Thanks for sharing with us...and i have some information about The Botanika and it is a new residential project located in Gachibowli, Hyderabad. This project offers 3 BHK Luxury Apartments in Affordable Prices. Contact Us@ 98492 05577
The Botanika Hyderabad
The Botanika Gachibowli
The Botanika
I really like your article....thanks for sharing with us and i have some information about the Spring Is In The Air Urbanrise project Developed by Manhattan Condos, Located in Miyapur, Hyderabad. It Provides 2bhk & 3bhk Luxury Flats Available.
Spring Is In The Air
Spring Is In The Air Urbanrise
Spring Is In The Air Hyderabad
Spring Is In The Air Miyapur
Post a Comment