tag:blogger.com,1999:blog-5269558537262232516.post7518845667877631317..comments2024-03-29T12:35:39.036+05:30Comments on Ravi Karandeekar's Pune Real Estate Market News Blog: Vascon is Back in Business!Ravi Karandeekarhttp://www.blogger.com/profile/01681035021606018101noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5269558537262232516.post-10592823934843760812015-10-31T16:51:06.440+05:302015-10-31T16:51:06.440+05:30"Options are only 2 - Either buy ready for po..."Options are only 2 - Either buy ready for possession flats with all approvals or stay on rent at fraction of cost" - True, TheMonk!Ravi Karandeekarhttps://www.blogger.com/profile/01681035021606018101noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-14381932907184034502015-10-31T14:15:33.231+05:302015-10-31T14:15:33.231+05:30Builders going bankrupt is a fact now. It has star...Builders going bankrupt is a fact now. It has started with Delhi-NCR, then Mumbai & now it's Pune. Since many builders are not listed so their finances can't be easily known, however from the way projects are stalled, delayed, payments to vendors pending, it only shows financial problems. And now builders will blame Govt for their bankruptcy ! Lol. Why weren't the blaming Govt in 2008-09 when they were raking big profits ? Hypocrisy at level best.<br /><br />The news link posted by you Ravi summarises everything really well -<br /><br />Before March 2016, six to eight big reputed names may turn bad loans. The pressure to complete and repay the debt or equity taken will force real estate market to panically sell. Hence rates will see nose fall.<br /><br />http://accommodationtimes.com/it-is-worth-waiting-to-buy-homes-till-april-2016/<br /><br />The risk for buyers is even higher since builder can go bankrupt and still hire lawyer from buyers money to fight case. What will buyers do ? They will be stuck with Pre-EMIs, without any flat.<br />Options are only 2 - Either buy ready for possession flats with all approvals or stay on rent at fraction of cost. Atleast for me, renting is working well. Enjoy flat at fraction of cost. Will think about buying only after prices fall by atleast 50%.TheMonkhttps://www.blogger.com/profile/01302024072486930340noreply@blogger.com