eCharcha.Com   Support eCharcha.Com. Click on sponsor ad to shop online!

Advertise Here

Go Back   eCharcha.Com > Current Affairs > Taaza Khabar - Current news

Notices

Taaza Khabar - Current news Discuss the latest news making waves...

Reply
 
Thread Tools Display Modes
  #1  
Old May 27th, 2007, 10:17 PM
2gud's Avatar
2gud 2gud is offline
We change, values don't
 
Join Date: Nov 2003
Posts: 4,040
2gud has a reputation beyond repute2gud has a reputation beyond repute2gud has a reputation beyond repute2gud has a reputation beyond repute2gud has a reputation beyond repute2gud has a reputation beyond repute2gud has a reputation beyond repute2gud has a reputation beyond repute2gud has a reputation beyond repute2gud has a reputation beyond repute2gud has a reputation beyond repute
Thumbs up Real estate demand takes a dip!

Real estate demand takes a dip!!! Offers flow as property demand sinks




Mumbai: For the first time in years, there are signs that real estate market may finally be levelling off with property developers actually offering discounts.
Booming economy and high disposable income coupled with low interest rates had fueled the real estate boom in the last few years.
But the recent spurt in home loan rates is forcing potential home buyers to postpone their purchases and as a result builders are finding it difficult to find buyers.
"The volumes are nowhere near, what volume should be in this two months period. Because this is the best two-month period of the year when residential plots are sold in primary market. And that is where the demand has slackened to an extent, where even counting a percentage becomes very difficult," said Knight Frank Chairman Pranay Vakil.
Developers refuse to admit to a slowdown. And while no one is promising an outright discount, the buyer just needs to push hard as numerous freebies come tumbling out of the builder's treasure chest.
Hoardings in Mumbai offering various schemes are now becoming common in Mumbai and Thane. Developers are tying up with banks to offer lower interest rates.
So you might get a portion of your loan at just 8 per cent fixed and the rest at the market rate or save on stamp duty, which adds upto 5 per cent of the cost.
Builders say that confusion on whether to go for a fixed or floating rate loan is what is slowing consumer decision.
"They are happy with our offers but there is a confusion regarding interest rates. If they take fixed and if it moves down or if they take floating and interest rates move up, they will be in soup. So lack of stability in interest rates is preventing customers from taking final decision," said Swastik Group Chairman Raju Khetwani.
Experts say that if sales do not pick up by June, more discounts may be on their way. But a smart home buyer can get a good deal even now through some tough bargaining.

Source

I will wait before I make my next purchase
__________________
If you're doing business with a religious son-of-a-bitch, get it in writing. His word isn't worth shit. Not with the good lord telling him how to fuck you on the deal. - William Burroughs
Reply With Quote
  #2  
Old May 27th, 2007, 11:00 PM
echarcha's Avatar
echarcha echarcha is offline
Sutradhar {admin}
 
Join Date: Jul 2000
Location: CA, USA
Posts: 45,197
echarcha has a reputation beyond reputeecharcha has a reputation beyond reputeecharcha has a reputation beyond reputeecharcha has a reputation beyond reputeecharcha has a reputation beyond reputeecharcha has a reputation beyond reputeecharcha has a reputation beyond reputeecharcha has a reputation beyond reputeecharcha has a reputation beyond reputeecharcha has a reputation beyond reputeecharcha has a reputation beyond repute
Re: Real estate demand takes a dip!

This is some news.. The last the prices dipped, as far as I remember, was during the hey day of gangsters (when AAA Khan and Daya Naik used to gun down gangsters). No builder was ready to risk his life due to extortion threats and killings. I think the period was from 1992 to 1994.

Then once more around 1998 the prices had fallen.
__________________
eCharcha.com
-Loud and Proud Desi Opinions
Reply With Quote
  #3  
Old May 28th, 2007, 05:18 AM
HarHarMahaDev HarHarMahaDev is offline
Senior eCharchan
 
Join Date: Sep 2006
Location: MILKY WAY
Posts: 3,186
HarHarMahaDev has a brilliant futureHarHarMahaDev has a brilliant futureHarHarMahaDev has a brilliant futureHarHarMahaDev has a brilliant futureHarHarMahaDev has a brilliant futureHarHarMahaDev has a brilliant futureHarHarMahaDev has a brilliant futureHarHarMahaDev has a brilliant futureHarHarMahaDev has a brilliant futureHarHarMahaDev has a brilliant futureHarHarMahaDev has a brilliant future
Re: Real estate demand takes a dip!

Interesting information!
Reply With Quote
Reply

Bookmarks


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Kangress Takes Pre-emptive Steps To Guard it's Real Estate viking Taaza Khabar - Current news 21 June 28th, 2011 10:02 AM
legalities of purchasing real estate in India lawgirl707 Bargain Basement 11 April 26th, 2007 10:13 AM
India real estate prices dropping? HarHarMahaDev Economy 5 April 4th, 2007 01:09 AM
Carnivore Control:Bombay Real Estate desinetcharge Taaza Khabar - Current news 23 October 25th, 2003 07:19 AM


All times are GMT -7. The time now is 02:08 AM.


Powered by vBulletin® Version 3.7.2
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
Site Copyright © eCharcha.Com 2000-2012.