The Article of Education Loans

My friend had booked a 3BHK flat in NCR last year and the
construnction is getting over by June 2008. I spoke to him after
reading this news and came to know that their builder has offered 20%
premium on buy price if they want to sell it back.

-Raj

On Mar 19, 11:15 am, KKP_Investor <kkpatel1...@gmail.com> wrote:
> Wow Debashish.....This is really something. Let me add to these numbers
> that my friend just told me.
>
> Santacruz(West) near the station is nearly Rs16,000 psf, and away from
> the station is Rs 14,000 psf. Mall builders are willing to pay Rs34,000
> psf to buildings near the station to have everyone empty it and
> leave!!!!! I have seen the offer in writing from the builder!!!!!!
>
> My friends who bought brand new construction in Dec'2005 for Rs5850 psf
> told me that he can sell it now for Rs16,000 psf off Station Road in
> Santacruz(W).
>
> Inflation in property in Mumbai is quite like CA, NJ, FL and AZ in the
> US. But, the issue is that no matter what happens to the economy, the
> zig zag curve is always on the upside in these economies since sellers
> seem to always find the buyers who are willing to pay. So, corrections,
> do happen, will happen, and it will bring it down, but it will be on an
> upward zig-zag-pattern, so the buyer sitting on the sidelines waiting,
> will never get it at the prices quoted at any given point in time in the
> future......(very very very true for Silicon Valley in CA from 1989 to
> 2008, since I have followed it very very closely, with an intention to
> move there, but, 'alas' cannot afford it even after being in the US for
> 20years!).
>
> Either way......Own a piece of land/building, and it will always keep
> going up.
>
> Debashish, due to this rise, we decided to buy another apartment in
> Baroda in 2006-07. That worked out better, and it is 'supposed' to be
> our part-time-retirement home (with Kiran More!).
>
> Debashish Ghosh wrote:
>
> > I am not an expert by any means but I will chime in about Mumbai. I
> > just visited India and was trying to buy an apartment in Mumbai. The
> > prices are so out of touch with reality its not even funny. Kandivali
> > - 8000/sq feet, Dahisar - 6000/sq ft , Wadala - 13000 sq ft and to top
> > it all the agents do not have time for you, its almost like they are
> > doing you a favor by talking to you. I can buy two apartments in the
> > best parts of Kolkata , or better still the house next door to Warren
> > Buffett
> > (http://douglasne.mapping-online.com/DouglasCoNe/static/accountinfo.js...)
> > for the price of an apartment at Dahisar!!!!!. It indeed was a sense
> > of dejavu for me and I was reminded of the similar markets in
> > California and Florida , not too long back. My wife who is still
> > there, told me that the prices in Kandivali and Wadala have gone up
> > even more. I have to buy an apartment in Mumbai but I cannot afford
> > one even after staying 10 years in the US......
>
> > D-
> > On 3/18/08, *KKP_Investor* <kkpatel1...@gmail.com
> > <mailto:kkpatel1...@gmail.com>> wrote:
>
> > Wow.....great 'ground level' info of an area in the country that is
> > actually seeing rates rise. Real estate experts, please chime in to
> > answer if this is an aberration or are there part of the country that
> > still are seeing higher rates?
>
> > Rahul Agarwal wrote:
> > > I am also surprised...bcoz three out of eight ppl in my team are
> > > trying to buy apartment, but rates keep on increasing every week
>
> > > On 3/18/08, *Zafar M* <pappyma...@gmail.com
> > <mailto:pappyma...@gmail.com>
> > > <mailto:pappyma...@gmail.com <mailto:pappyma...@gmail.com>>> wrote:
>
> > > I am wondering how Merrill Lynch come up with this report.
> > > Any one living in NCR or wish to be knows better then
> > Merrill Lynch.
> > > Does ML ever does any real survey, or just releases report
> > on gut
> > > feeling/Market sentiments.
> > > During jannuary when market was at its peak, normal land rate in
> > > Gr Noida, Kundli ( which is still accessible to lower midle
> > class)
> > > was around Rs 23K-25K per Sq Mtr, Just two day back when i asked
> > > one broker he says rate has gone up to 28K.
>
> > > I wish ML can tell me where to buy in NCR.
>
> > > On 3/18/08, *Maverick* <rajivha...@yahoo.com
> > <mailto:rajivha...@yahoo.com>
> > > <mailto:rajivha...@yahoo.com <mailto:rajivha...@yahoo.com>>>
> > wrote:
>
> > > *Real Estate: Flippers Refuse To Play Ball*
>
> > > */In a recent report, Merrill Lynch says that while most
> > real
> > > estate firms in India expected to grow 2-3 fold over the
> > next
> > > 2-3 years, it remained circumspect about the possibility due
> > > to execution issues and partly due to a pullback in the
> > volume
> > > as speculators have retreated./*
>
> > > While the bears are ruling the stock market, there is
> > another
> > > asset class where the bulls are keeping away. Speculative
> > > investors in real estate market are retreating, at least in
> > > the Delhi-NCR region.
>
> > > Some leading developers based in the region say it is
> > becoming
> > > increasingly difficult for them to sell flats at launch
> > stage
> > > due to lack of interest from speculators. This reflects
> > on the
> > > inherent demand structure in the real estate market.
>
> > > Developers attribute this to stability in prices as against
> > > the past where prices were shooting up on a monthly basis.
>
> > > They add that the difficulty in booking flats may delay
> > > projects and reduce their pricing power, "A year ago, if we
> > > were selling over 100 flats in a month at launch stage,
> > we now
> > > sell only 30-40 per month. Speculators, who would earlier
> > > frenetically book flats at the pre-launch stage only,
> > have now
> > > disappeared," said a senior executive of a real estate firm.
>
> > > Also read
> > > à
>
> > > BPTP bags largest land deal for Rs 5006 cr
>
> > <http://economictimes.indiatimes.com/articleshow/2856559.cms>
> > > à
>
> > > Realty market may see major growth till April '08
>
> > <http://economictimes.indiatimes.com/articleshow/2661557.cms>
> > > à
>
> > > Kochi's the new realty hotspot
>
> > <http://economictimes.indiatimes.com/articleshow/2672983.cms>
> > > à
>
> > > Realty market may see major growth till April '08
>
> > <http://economictimes.indiatimes.com/articleshow/2661557.cms>
> > > à
>
> > > UBS to expand India, China property business
>
> > <http://economictimes.indiatimes.com/articleshow/2671272.cms>
> > > à
>
> > > Realty firms raise maximum through IPOs in 2007: Assocham
>
> > <http://economictimes.indiatimes.com/articleshow/2666736.cms>
>
> > > Till mid-2007, speculators made quick money by booking
> > > multiple flats at the launch of a project and exiting
> > within a
> > > few weeks or months. But now, Omaxe executive director Vipin
> > > Aggarwal says, "The property prices have stabilised with
> > > little scope for speculators to make such big gains in the
> > > short term, leading to their retreat."
>
> > > However, some developers say this does not necessarily
> > mean a
> > > slowdown. Explains Unitech general manager (corporate
> > planning
> > > & strategy) R Nagraju, "Apartments are not immediately sold
> > > these days. But there is no problem as long as
> > developers are
> > > able to sell all flats in the lifetime of a project. Instead
> > > of speculators, it's the actual users who are booking
> > flats now."
>
> > > Its not easy for a developer to differentiate a speculator
> > > from an investor or an end-user. But Mr Nagraju, on the
> > basis
> > > of the turnover in the newly booked flats, estimates
> > that new
> > > home buyers may not have more than 10% speculators among
> > them
> > > now, as against up to 70% in several projects earlier. DLF
> > > spokesperson said the company was deliberately trying to
> > keep
> > > speculators away from its housing projects in order to keep
> > > market stable.
>
> > > The slow offtake of projects is surely a matter of
> > concern to
> > > the developers, because most of them, mainly smaller ones,
> > > depend on the booking money to complete the project. "Slower
> > > offtake squeezes the cash flow in the company, which
> > > constrains its ability to pay back raw material
> > suppliers, and
> > > acquire land for new projects," says Ansal Properties and
> > > Infrastructure president (marketing) Kunal Banerji.
>
> > > *In a recent report, Merrill Lynch says that while most real
> > > estate firms in India expected to grow 2-3 fold over the
> > next
> > > 2-3 years, it remained circumspect about the possibility due
> > > to execution issues and partly due to a pullback in the
> > volume
> > > as speculators have retreated.*
>
> > > *Safe Harbor Statement:*
>
> > > *Some forward looking statements on projections, estimates,
> > > expectations & outlook are included to enable a better
> > > comprehension of the Company prospects. Actual results may,
> > > however, differ materially from those stated on account of
> > > factors such as changes in government regulations, tax
> > > regimes, economic developments within India and the
> > countries
> > > within
>
> ...
>
> read more »

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