We are looking for 2BHK flat at kandivali west. If the price for the same is 70 lacs then what would be the approximate price including all the hidden cost??
Dear Sir, I booked flat in apartment of 6yrs old bldg at cost of 15lakh in Kalyan (W). Now I am confuse , may I go with this property or not, as every one say prices of flat will go down
We are considering to buy 1bhk flat at DB Realty Parkwoods at Thane Godbunder Road as investment but we might have to sell this flat by 2013. Will it make sense to invest now becauses the prices have appreciated already so much. Will we be able to sell it because there is so much supply on GB Road
I have taken a flat in Noida but just two room flat in sector 45 sector, But by mistake I had taken small flat as I was not interested to invest more money on this front. yesterday I visited the builder office to explore a bigger flat availability in the same schem but all flats are sold and he has given me a offer to buy in his new scheme which is coming up in sector 76 in Noida , but this project will take another 3 years.
The two room flat near sector 45 ready to move is now available around 55 lacs where as this flat i had taken in just 35 lacs, it means by next year when i will get possession the value of this flat will be around the same i.e. 55 lacs , and I have already paid the money I had decided to keep this flat. Now what should I do should I take another flat in Noida which is available in sector 76 at cheaper rate but current liability will be around 20 lacs which is to be paid. This 1775 sqft flat cost to me will be around 45 lacs. What I should do , should it is advisable to invest in property right now or i keep money with mee.
i WANT TO BUY ONE MHADA ROOM.PLS GUIDE ME TO FURHER PROCESS.AND WHAT IS THE TRANSFER TIME FOR THE MHADA ROOM. CAN I GET HOUSE LOAN ON TTHE MHADA ROOM???
i WANT TO BUY ONE MHADA ROOM.PLS GUIDE ME TO FURHER PROCESS.AND WHAT IS THE TRANSFER TIME FOR THE MHADA ROOM. CAN I GET HOUSE LOAN ON TTHE MHADA ROOM???
Its still inflated In bangalore aprt 2 Bed from Builders cost between 40-60 lacs ? if you look at the roads and the infrastructure outside the apartments its in a bad state .. i think people are on the way to make quick profits and we would end up like US and Uk in couple of years .. when correction can bring down banks
Indian realty infalliably will follow the US realty fate. During the year preceding the sub-prime crisis (and collapse of lending fin institutions), there were signs of slow down, prices crashed for a brief few weeks. But then stimulus came in (during that period, there were three successive rate cuts). It was like putting a glazed paper on a rotting ulcer. So, came septembed 08 and all helll broke lose.
Here is the law of nature. Inflated rates will come down or crashes will happen. Like there are ways to clean the bad blood, recession too is a natural event to clean up the financial mess. What governments (and hence banks) are doing is abetting a disease by cutting interest rates almost in the opposite direction. This will have a direct impact on the private debt.
History is littered with examples of financial mess created by short sighted , knee jerk measures like rate cuts, Argentina to now the US.
US budget deficit stands at 1.4 trillion USD. Public and private debts are over 70% of the GDP. The US economy simply stands there becuase Chinese govt is buying US government bonds ( And hence President Obama may never be able to meet Dalai Lama).
What we had seen during the second half of 2008 and first half of 2009 is not exactly a recession. Job retrenchment is not a sign of recession. It was just a tremor. The earthquake is just lurking.
The cause for the economic collapse in the US ws attributed to the realty sector alone by many. Rates shot up. So buyers backed off. To ease the situation, fin institutions eased the loan process - such a way that there existed no scrutiny. The result was debt , debt and more debt. And collapse.
What is displayed in bold letters in the carnival of foools as 'recession over' (like winter over) is actually the 'glazed paper on a rotting ulcer'. Instead of treating the ulcer by letting the bad blood out, we're concealing and painting a sunny pic.
The world economy is dependent on the US economy. Even Europe is dependent on the US exports and forex (May be except UK). So, when the US is ailing and getting bad by day, it is really fooolish to think that recession is over and 'India shining again'. The same was told several times by several economists. It is not recession but it's a depression which awaits the world and wise men at the helm know it.
When spending comes from your savings, it helps the economy. When you borrow and spend, it pulls the economy further.
So, while the pundits say the prices of realty will shoot up in the next few months, the ground reality is bitter and no one wants to look at it. Prices may rise, as usual , there will be no takers and it will start a new vicious circle or debt - compounding and snowballing debt. And then will trigger the foreclosures (we call auctions in India) of the properties.
