... but converted his Puja room to a Mini Bar .
talking of the spiritual...!!!
... but converted his Puja room to a Mini Bar .
talking of the spiritual...!!!
hi
is he TB from coimbatore?,,,im interested in coimbatore...
TBSji
Continue with research on these builders and if you finalise let me know.
I will think of it.
I trust your judgement on this.
Both these builders have many apartments .
They all look alike.
hi
.but still in my mind to settle down in coimbatore..
This natural disaster seems to have turned the dreams of this Real Estate business community into a question mark.
I guess we are on a long recession as far as housing prices are concerned..It is very subdued in large metros with huge availability of unsold property...Prices will raise as soon as Interest rates fall which is the current expectation..Those who want to buy property this is the apt time! But do not forget the adage "Cash is king"
In NCR belt prices are stagnant for the past 24 months or have dropped 15-20%..As constructed flats are unoccupied the developers are offering additional discounts...It is a buyers market now...Investors have however vanished!I think falling interest rates will be only a small consolation but the larger issue is the really unaffordable property prices .I can agree Premium Apartments quoting big rates but even horrible , old ,useless apartments are also quoting atsronomical rates and unless there is a 25-30% correction in prices there wont be takers for many of these apartments either old or new . There is a big demand for housing among the middle class but unless it comes to the affordable levels I doubt whether we will see any fresh purchase of property in the near future .
The Scenario right now is similar to the scenario that we faced in the late 90s when real estate crashed and many financial institutions ( NBFCs ) collapsed . Liquidity is drying out and that is creating havoc in the Real Estate Sector with many builders unable to complete their projects on time and that is causing lot of misery to normal middle class people who have invested in these properties taking loans and staying on rent outside and till they are able to go to the new apartments they will have to keep paying rent as well as the EMIs . Even those who got their apartments after long delay have to confront new problems like lack of adequate facilities in their apartments , poor quality fittings , the promised amenities not there and they again have to shell a lot of money to fix these problems and it is putting lot of financial pressure on many middle class families ( along with mental pressure ) . The only thing bright right now is the Stock Market which again many say is artificially inflated and if the stock market also crashes then it will be a very big financial meltdown in entire India and will lead to a bearish scenario that will take 5-10 years to recover .I do not see any bring days ahead as far as India's Real Estate and financial sector is concerned .
Even if our GDP is overstated by 2% even at 5% growth we are envy of the world! What to say of the rest of the world? But we are not happy as per the posts! Let us take solace in the fact that the grass is always greener on the other side!
In NCR belt prices are stagnant for the past 24 months or have dropped 15-20%..As constructed flats are unoccupied the developers are offering additional discounts...It is a buyers market now...Investors have however vanished!
hi
in greater noida....many flats are still vacant....just waiting for any NRI...
my grand nephew bought a completed flat a few months back in greater noida and doing grahapravesam in september.Many NRI's , HNIs book these apartments hoping either they would themselves settle there or hope another NRI, HNI will buy the same . Now no more fools to buy property in those vacant buildings .So their money is stuck there .
my grand nephew bought a completed flat a few months back in greater noida and doing grahapravesam in september.
Of course he is in IT with working wife back up.
If one pays astronomical rents in delhi best throw money into own flat through money borrowed from housing finance companies.