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Q.

When will real estate prices start to plateau ?

Tags: real estate prices
Asked by Question Boy, 19 Mar '08 07:40 pm
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Answers (89)

1.

Stop blaming the Darkness, Lit a Candle
I think we should stop blaming the Builders and start thinking the other way round. Everyone wants to earn ezy money. Till the time we are ready to pay, they will (or anyone, in fact) be always there to collect. A newbie US return person stops thinking in INR and compares everything in USD. Got to pay 40 bucks, well thats just 1 dollar. For you it might be 1 dollar; for rest of India, its still 40. Everything these days is just getting costlier and costlier. When it comes to renting an appartment, everyone is an Agent. Self realization is a must. Stop paying and prices will come down automatically.
Answered by Ravi Jain, 20 Mar '08 11:41 am

 
  
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2.

Real Estate prices will definitely stabilize but will never go down below certain levels. The current boom is similar to the dot com boom which had happened few years ago and then it busted. The real estate boom is riding on the current IT boom as people have got money to not only buy one for themselves but to buy more as investments. This is where the builders realize they can ask for more and hence the steep rise. However, there are three things happening which will in future bring this under control - 1. Rising inflation will put brake on home loans (both to buyers and builders) 2. Rupee appreciation will bring down the margin hence putting the IT industry under control. 3. The real estate bank which has been taken for investment purpose will break down as the increased cost of living and relatively less increment in salary will make it difficult for the people to pay the maintenance (or EMIs) of the property. All these three are inter-related and one will encourage the other two. ...more
Answered by Dhananjay Kumar, 21 Mar '08 04:15 pm

 
  
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3.

John gonsalves
i personally am of the opinion that real estate prices can never come down in the long run since land is an extremely limited commodity.price may stabilise for a short period but will rise again to fantastic levels not only in india but all over the world.after this phase is over and when all land is sold out,man will begin constructing structures under water and in space.
Answered by John Caitan Gonsalves, 20 Mar '08 09:49 pm

 
  
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4.

By 2011
Answered by dominic holt, 21 Mar '08 12:28 pm

 
  
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5.

Hello
The land price never go to down. One thing we should in very clear ,the land is never generated year by year .It is a natural resource. Instead of investing on gold put on land it is forever safe. Our ancestor told the same. Buy lands and be safe.

Answered by rajaganga, 20 Mar '08 08:39 pm

 
  
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6.

Real estate prices are bound to come down. Are everyone says that land is limited and population is increasing. But then see the other way round, Families are shrinking to size of 3 people per family. So the per capita land available will go up.
Also IT industry constitutes of only @ 10 to 15 % of the total population. So people other than IT ians cannot afford buying flats costing lacs and crores of rupees.
My personal feeling is that all those IT guy who have taken big loans ( for 20 years term ) and purchased flats will have to sell off their flats in lower rates soon, because they will observe a negative growth in salaries/increments/incentives etc.( also there will be massive job cuts , as already done.) and bank is bound to take their installments.
Good that there is down fall in US economy and hence in USD and It industry. Hope it continues for some more time. Non IT ians are not bullish on buying flats at these higher rates and so ultimately if we continue not to buy , build ...more
Answered by yogesh dusane, 26 Mar '08 12:20 pm

 
  
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7.

-If you are planning to purchase your dream home then just wait for 6 to 12 months as property rates started coming down.
-Closely watch constructions going near by your home then you will find now they have stopped construction or the speed of constructions is very slow.
-Reason behind is they dont have bookings so it is very difficult to complete their project. If they become defaulter then you will loose your valuable money.
-For confirmation you can visit Aditya builders bawdhan pune, Aditya Builders Baner, Sun Orbit Singhgad Road Pune, Huzur Developer Singhgad Road Pune, DSK Vishva Dahiri, Roseland Aundh there are so many who dont have customers. Rates will surely come down which is good sign for buyers.
-You can check it very easily visit their sites and enquire from some construction supervisor or site engineer about bookings. Then visit in their sales office they will try to present 80% 90% has been sold out. Actually it is just 10% 20%.
So total 10% 20% poor guys ...more
Answered by newbloger, 25 Mar '08 04:19 pm

 
  
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8.

Real Estate prices does not decline but can be stable up to some extent only when the matter of choice and selection of the purchaser comes to celing limit in any area. Real estate is going to be the best investment option because it is the only way where ur investment remains investment, apprecation takes place and if u rent it out income is also generated simultaneously. Availabilty of land is based on demand and supply and if the demand increases price will increase and vice versa. If u wont purchase the land because u will costly than the other investor will purchase it the next day because he feels its cheaper because his purchasing power is more.

Thanks.
Arpan Kotia
Shaligram Buildcon Pvt. Ltd.
Ahmedabad.
Answered by Arpan Kotia, 24 Mar '08 03:33 pm

 
  
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9.

It has already stopped rising. One can say they have levelled off already
Answered by Ganesh Kalyanaraman, 20 Mar '08 09:15 am

 
  
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10.

Stop blaming the Darkness, Lit a Candle
I think we should stop blaming the Builders and start thinking the other way round. Everyone wants to earn ezy money. Till the time we are ready to pay, they will (or anyone, in fact) be always there to collect. A newbie US return person stops thinking in INR and compares everything in USD. Got to pay 40 bucks, well thats just 1 dollar. For you it might be 1 dollar; for rest of India, its still 40. Everything these days is just getting costlier and costlier. When it comes to renting an appartment, everyone is an Agent. Self realization is a must. Stop paying and prices will come down automatically.
Answered by pathak bhushan, 27 Mar '08 11:51 pm

 
  
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