tag:blogger.com,1999:blog-5269558537262232516.post2980552315670415427..comments2024-03-28T14:01:25.631+05:30Comments on Ravi Karandeekar's Pune Real Estate Market News Blog: Is Pune real estate market about to crash?Ravi Karandeekarhttp://www.blogger.com/profile/01681035021606018101noreply@blogger.comBlogger36125tag:blogger.com,1999:blog-5269558537262232516.post-43481029540839348262013-02-10T10:12:31.772+05:302013-02-10T10:12:31.772+05:30This comment has been removed by the author.Anonymoushttps://www.blogger.com/profile/05413332751493264632noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-28510576295888300122013-02-08T22:19:53.353+05:302013-02-08T22:19:53.353+05:30Wow , interesting and real , live discussion... Th...Wow , interesting and real , live discussion... Thank you Ravi sir very much... I think the crash is started , as ther are very very less buyers.Anonymoushttps://www.blogger.com/profile/11646155707912490118noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-81500694967720058472012-11-28T14:24:03.892+05:302012-11-28T14:24:03.892+05:30I would like to know whats the prospect of buying ...I would like to know whats the prospect of buying a 2 BHK flat in Wagholi or Hinjewadi..whuich are the upcoming projects in these areas..Anonymoushttps://www.blogger.com/profile/02941039800430972307noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-33388140675705485982012-04-10T18:13:11.432+05:302012-04-10T18:13:11.432+05:30just couldn’t leave your website before telling yo...just couldn’t leave your website before telling you that we really enjoyed the quality information you offer to your visitors… Will be back often to check up on new posts.<br /><br /><br /><a href="http://www.cbinvestmentcorp.com" rel="nofollow">Real Estate for Sale in PA</a>Unknownhttps://www.blogger.com/profile/08577582800678633201noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-22948359933648292012011-09-15T11:26:50.011+05:302011-09-15T11:26:50.011+05:30*bank i meant*bank i meantDhananjayhttps://www.blogger.com/profile/06014312354257755964noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-57144663688073331502011-09-15T11:25:57.665+05:302011-09-15T11:25:57.665+05:30I wish it to crash for sure. inspite of having 5-7...I wish it to crash for sure. inspite of having 5-7 lakhs in hand and any back to give me a loan , I cant buy a home in descent area in pune. <br /><br />everyting is above 55 lakhs now in Baner/sus/kothrud/nibm/Vimannagar/kharadiDhananjayhttps://www.blogger.com/profile/06014312354257755964noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-9920031519728458602011-09-12T11:15:01.802+05:302011-09-12T11:15:01.802+05:30Will pune real estate market crash??
I am willing ...Will pune real estate market crash??<br />I am willing to purchase a decent 2bhk for residential purpose pune west area(baner/aundh/wakad/sus/pashan). Current rates doesn't suit me for sure.k_jayshttps://www.blogger.com/profile/15986291359889497612noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-4297395731430539912011-09-01T20:43:21.346+05:302011-09-01T20:43:21.346+05:30This comment has been removed by the author.Dr Prashanthttps://www.blogger.com/profile/06865810645997105234noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-79592119984016456812011-08-21T09:52:32.162+05:302011-08-21T09:52:32.162+05:30Dear Kailash, are you using your second flat at Wa...Dear Kailash, are you using your second flat at Wakad as a residence? <br /><br />1st clear the loan of a few lakhs of the first flat!<br /><br />It's difficult for me to say without looking at the flat. <br /><br />However, you can calculate and decide on your own. <br /><br />You know how much rental income you are earning from the 1st flat in Kasarwadi and you know how much EMI you are paying for the 2nd flat at Wakad. You can decide what would be more profitable for you!Ravi Karandeekarhttps://www.blogger.com/profile/01681035021606018101noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-85017455552469917332011-08-21T07:57:11.261+05:302011-08-21T07:57:11.261+05:30Dear Sir,
After reading your above post....wanted...Dear Sir,<br /><br />After reading your above post....wanted a suggestion from you. <br /><br />I am a IT professional working in hinjiwadi. I have taken my first flat in kasarwadi and given on rent and the second flat at wakad. Will it be beneficial holding the property in such unpredictable market condition were I am paying full EMI for second flat and few lakhs for first flat...........<br /><br />Regards<br />K.Shukla....Kailashhttps://www.blogger.com/profile/07298477479682770580noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-51702273771659538962011-07-01T18:12:56.953+05:302011-07-01T18:12:56.953+05:30Sir,
Do you see a price of 3800 to 4000 sq feet r...Sir,<br /><br />Do you see a price of 3800 to 4000 sq feet reasonable for a 2BHK flat in Wakad which is under construction.<br /><br />Please advice<br /><br />BalajiBalajihttps://www.blogger.com/profile/12665061888430542704noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-66483962108278714252011-06-25T04:27:15.113+05:302011-06-25T04:27:15.113+05:30YOU ARE THE BEST! I had a tough time persuading my...YOU ARE THE BEST! I had a tough time persuading my parents not to buy an old 1 bedroom flat near sinhagad road for 30 lacs (asking price was 36 lacs). I told them now if the seller offers them for 30 lacs make some excuse and get out of it!Umahttps://www.blogger.com/profile/05904319846900391682noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-89706549301769707152011-06-20T19:41:48.796+05:302011-06-20T19:41:48.796+05:30No the black money dudes/dundees are not philantro...No the black money dudes/dundees are not philantropist, but they have the money to keep on inflating Pune RE. In their absence market forces will balance Pune RE to a meaningful price level. <br /><br />btw: here comes the bust for Pune RE ... http://www.moneycontrol.com/news/cnbc-tv18comments/clsacutsindianitservicesto39underweight39_558608.htmlThe Karodeshttps://www.blogger.com/profile/15238180608987413840noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-59544959728158269172011-06-19T14:37:23.338+05:302011-06-19T14:37:23.338+05:30Dear The Karodes,
1) No. I don't guess. I bel...Dear The Karodes,<br /><br />1) No. I don't guess. I believe in the facts. In numbers.<br /><br />2) Do you mean to say that - people with tons of black money are nothing but social workers - because they provide cheap rental housing!?<br /><br />3) Why depend so much on "Fear Factor"? Why not be rational and "correct" the Pune real estate market? <br /><br />I am sure. You can do that!Ravi Karandeekarhttps://www.blogger.com/profile/01681035021606018101noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-47432047777379974042011-06-18T04:15:27.438+05:302011-06-18T04:15:27.438+05:30Ravi,
You are expert in this area and can make an...Ravi,<br /><br />You are expert in this area and can make an educated guess @ the # of IT pros who can afford 70-90K EMI. 4 thousand, 5 thousand?<br /><br />Even these people once they make a purchase loose their purchasing power for a 2nd flat for atleast the next ten years. I believe many flats are bought as investment flats by people having a ton of black money and just held for years. These people are not looking for ROI, but to just park their black money. They then rent these flats to IT Pros at a much lower rate than a EMI. Making the renting much much affordable than paying EMI.<br /><br />Also the 15% vacancy statistics I understand is from projects which are 3-5 years old. With a Lehman like financial collapse likely again due to the Greece debt crises, pricing pressure will start on IT salaries and hence the Pune RE.. <br /><br />- Abhi<br /><br /><br /><br />Can other netizens contribute ?The Karodeshttps://www.blogger.com/profile/15238180608987413840noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-70822647102606754652011-06-17T06:48:27.662+05:302011-06-17T06:48:27.662+05:30Hello Abhi!
I completely agree with you!
Yes, wh...Hello Abhi!<br /><br />I completely agree with you!<br /><br />Yes, what's your guess? How many couples can afford 70 - 80 K EMI?<br /><br />- However, 15% flats are not vacant in Pune real estate market. Regularly, you may have seen, i blog about availability.<br /><br />Of course, if the availability is really 15%, as you say, then it's not a good news for the property buyers.<br /><br />Any builder can afford to hold on to 15% stock and actually use it to hike the price!<br /><br />Thanks to IT Professionals! In Pune real estate market there is very less black money. More than 95% bookings are financed by housing finance companies.<br /><br />Plus, project finance - bank finance is minimum. Again, thanks to IT Professionals! No one but property buyers finance the Pune real estate market by booking at the launch stage of the project and help the builder to pay the next installment to the landlord.<br /><br />Besides helping the builder to buy the land, those who book at the launch stage of the project - also assist the builder to increase the property price and make it unaffordable for their friends.<br /><br />The builders in Pune real estate market don't have to worry till the property buyers are ready to sacrifice their lives for them!Ravi Karandeekarhttps://www.blogger.com/profile/01681035021606018101noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-5717314060065553382011-06-17T06:23:26.339+05:302011-06-17T06:23:26.339+05:30Ravi,
Can you make a simple calculation of
1) A ...Ravi,<br /><br />Can you make a simple calculation of <br />1) A typical s/w professional couple can afford a EMI 70-80K for a 80-90 lakhs 3BHK flat in a decent pune area.<br />2) How many s/w professionals are in Pune/coming to Pune who can afford 70-80K EMI per month ?<br /><br />The current price upsurge does not look sustainable with already reports of 15% vacant flats in Pune area. All statistics point to a correction. It is matter of how much Pune Builders can hold-on to manage with all the black-money they have amasses so far.<br /><br />My 2 cents....<br /><br />- AbhiThe Karodeshttps://www.blogger.com/profile/15238180608987413840noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-43380022653605987432011-06-15T12:04:22.642+05:302011-06-15T12:04:22.642+05:30I think these 'awakened" & "pro-...I think these 'awakened" & "pro-active" IT professionals would be more dangerous than the 'frightened' IT professionals of 2009 -10 who stalled the Pune real estate market and forced the builders to reduce the property prices and change the product mix!<br /><br />What's say you?Ravi Karandeekarhttps://www.blogger.com/profile/01681035021606018101noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-52231728016383842402011-06-14T18:53:42.568+05:302011-06-14T18:53:42.568+05:30Thanks Ravi.
Is this right time to go for a purcha...Thanks Ravi.<br />Is this right time to go for a purchase?<br />I think the prices are very high and the real estate market could be some correction in coming days.Do you expect any correction in coming months?Milindhttps://www.blogger.com/profile/18031450825803494006noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-37170727589054412432011-06-14T15:36:12.953+05:302011-06-14T15:36:12.953+05:30New are in Talegaon, Vadgaon and Wagholi!New are in Talegaon, Vadgaon and Wagholi!Ravi Karandeekarhttps://www.blogger.com/profile/01681035021606018101noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-82887838929842479502011-06-14T09:40:47.283+05:302011-06-14T09:40:47.283+05:30Yes. In pune. Not sure, if there is any more new o...Yes. In pune. Not sure, if there is any more new one available.<br />Otherwise will have to check for resaleMilindhttps://www.blogger.com/profile/18031450825803494006noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-30281611264435480692011-06-14T09:36:59.794+05:302011-06-14T09:36:59.794+05:30Row House? Where? In Pune?Row House? Where? In Pune?Ravi Karandeekarhttps://www.blogger.com/profile/01681035021606018101noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-2833714008304114742011-06-14T09:27:47.520+05:302011-06-14T09:27:47.520+05:30Hello Ravi,
I have a property related question.
I...Hello Ravi,<br /><br />I have a property related question.<br />Is there any indication that the real estate market in Pune will crash or atleast gets reduced to some extent?<br />I am looking to buy a row house, but the rates are prohibitive.Can you give some details about row houses availability?<br /><br />Thanks<br />MilindMilindhttps://www.blogger.com/profile/18031450825803494006noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-9000519926059085322011-06-14T03:47:55.765+05:302011-06-14T03:47:55.765+05:30Dear Prithviraj,
Thanks for sharing the link to
...Dear Prithviraj,<br />Thanks for sharing the link to <br /><a href="http://www.iihs.co.in/" rel="nofollow"> Indian Institute for Human Settlements (IIHS)</a>Ravi Karandeekarhttps://www.blogger.com/profile/01681035021606018101noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-220912198313422552011-06-14T02:18:13.569+05:302011-06-14T02:18:13.569+05:30Well nice to see this article as part of this blog...Well nice to see this article as part of this blog since people who invest in real estate in Pune are least bothered with the governance and infrastructure around the houses before investing in it. Well we have assumed that things will not change.But small steps are going on at backend...http://english.iihs.co.in/. I guess this is what needed instead of raising only those buildings in and around Pune.Prithviraj Bhttps://www.blogger.com/profile/15108791002208817622noreply@blogger.com