Comments on: Fluctuation And Deviating Real Estate Prices

By: Real Estate Pune

Real Estate Pune — Wed, 06 Aug 2008 13:31:28 +0000

I don’t think Pune is losing its cost advantage… agreed that inflation is playing its part … but keeping the future in mind …once the market stabilizes… it will be a lot better..
Pune is still the hot spot for investment .. especially for the software companies…

By: Vikas Bamotra

Vikas Bamotra — Tue, 05 Aug 2008 11:18:00 +0000

Pune seems to be gradually losing its cost advantage among software companies. Many think that the rentals in the city are on their way up and could be a big deterrent for further investment.

Sunil Patil, president (Pune region), UBICS, a software company of the UB group, believes that the rentals may spoil the show. “Rentals in Pune for software companies have gone up 300% in three years. We are being offered space at Rs 65 per sq ft, which at $1.50 is the rate in Manhattan,” he said.

By: riathareja

riathareja — Thu, 31 Jul 2008 06:57:01 +0000

The present time is not ideal for the realty market. The decelerated pace has affected the sector. The leading banks have increased the interest rates of home loans and the inflation level is also rising. Therefore, putting together, the probable property buyers are feeling dejected. But perhaps there may be a silver lining. The prospective buyers are delaying their home-buying decision to buy properties because of a widespread conjecture of probable price reduction in times to come. How long one should wait and watch is however not known. Anuj Puri, the chairman and country head of the operations of the international real estate consultancy Jones Lang LaSalle Meghraj (JLLM) in India, says that the correction will take 4 to 6 months depending on the local trend of the market and the holding power of the developers operating in that location. JLLM also makes a forecast of 5 to 15% probable price reduction in different hyped micro markets of Pune, Bangalore, Gurgaon, Noida, and other such locations. The real estate India appears to be going through a rocky period. The real estate markets of South Mumbai, several other places in Mumbai suburbs, and some locations in New Delhi may experience a price reduction of even up to 10%. These areas already have seen unreasonable price trends. As per Mr. Puri, the problems for the developers to finish the existing projects as well as initiate new projects will escalate which will result in reduced incoming supply. This will also increase the consumption time needed for the existing supplies. The prospective buyer of India property will reschedule the decision of purchasing property because of his or her limited disposable income. Sonepat and Ghaziabad property market however has been quite stable and has attracted a lot of investors.For more view- realtydigest.blogspot.com

By: Varun Shetty

Varun Shetty — Wed, 30 Jul 2008 14:16:23 +0000

finally, someone said this. The prices are ridiculous, I am working in US and earning good. But it almost feels like I cant afford a decent house in mumbai suburbs. I have no clue how people earning in mumbai can keep upto that.

nice article.