tag:blogger.com,1999:blog-5269558537262232516.post3159829288323948737..comments2024-03-28T14:01:25.631+05:30Comments on Ravi Karandeekar's Pune Real Estate Market News Blog: A bank cannot offer differential rates for old and new customers if both have floating interest rate - RBI Deputy governorRavi Karandeekarhttp://www.blogger.com/profile/01681035021606018101noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5269558537262232516.post-36655161030800216202009-06-14T21:38:31.287+05:302009-06-14T21:38:31.287+05:30Yes, i agree with you! Pune real estate is very ex...Yes, i agree with you! Pune real estate is very expensive. Rs. 3,500 to 4,000 per sq.ft. on carpet area basis is an exorbitant property rate.<br /><br />I would like to add to your observation about real estate business. <br /><br />In India, real estate is a "local business" which runs on global funds. <br /><br />These global business earn more profits in India by selling property at a higher rate. <br /><br />And in your country, since they can't sell at higher rate, they go for sub-prime scams and earn good profits. <br /><br />Not only because of IT but because of the sub-prime crisis people are thrown out of their homes and houses are on line for sale. <br /><br />Am i right? This what i have read in the media. Please, correct me if i am wrong.Ravi Karandeekarhttps://www.blogger.com/profile/01681035021606018101noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-14976114054470475062009-06-14T07:46:57.357+05:302009-06-14T07:46:57.357+05:30I am in Texas & here I can buy 18000 sq. ft. p...I am in Texas & here I can buy 18000 sq. ft. plot with 2500 sq ft house with 1000 sq ft swiming pool for about Rs 1 crore. Compare this with Pune at income level, Pune RE is expensive. After all RE is global business run on local issues. Here one home in every 10 is on sell & it is visible due to extensive use of IT. While due to lack of visibility I can't say similar stat about Pune.Anonymousnoreply@blogger.com