I think this a polarised and overly optimistic view about the future of real estate - especially if one is think of it as an investment. One only has to look at the history of finance to figure out that it is not the best bet. Please read The Ascent of Money by Niall Ferguson to enlighten yourselves.
are hundreds of new quality apartment projects coming up both in Tier 1 and 2 cities most of which are next to highways.
Soon there will be glut of unsold properties. So dont waste money on apartments. It is better to buy land/plot if you can other wise dont waste your money.
This almost sounds like an SOS call by a frustrated real-estate guy sitting on a huge pile of inventory.
Its time to call this bluff that has been going on since quite some time. No matter what these agents might want us to believe, there is simply no genuine demand. We are sitting on another dubai waiting to happen.
Hi my name is allwyn. just wanted to know if there is any new developments taking place in mumbai for the flats or plots under construction please do let us know will be really appreciated and also let us know the name of the developer. on my email address allwynsean at the rate of rediffmail.com
Re: Re: New development of flat or plots in mumbai
by sunil p on Apr 14, 2010 02:53 PM
It's suggested that you go for ready possession as you can bargain with the builder as far as under construction projects are concern, can't guarantee on completion, how many months it will take to give occupation certificate and water connnection ( we all are aware of what happened to last years MHADA lottery winners )
My name is Allwyn and i am planning to invest in a flat in Vasai (w)panvel, thane & mulund .so according to you which place will be better to invest where i can get good returns and in how many years i can get and by the way which place can give me cheaper rate let me know urgently in my email id allwynsean@rediffmail.com
Real price of property is only 50% of what is paid by us. But 50% is taken as black money. :):) Indian real estate market is driven by big construction players. Demand is created by construction company
Re: 1 BHK
by sunil p on Apr 14, 2010 02:50 PM
Rajiv Gandhi Aawas yojna is something which will help all of us This scheme is offering property @ 2551/- in any project in Mumbai Only problem is procedures involved in this will take 4 to 5 years to get possession
If you are going to get Income Tax Benefit : Rent to Price Ratio should be 1:400 If you are not going to get Income Tax Benefit : Rent to Price Ration should be 1:300 ( Rent is monthly rent and Price is Cost of purchase of for the same property ) Else its your own decision, Best of Luck
