The Property / Real Estate Thread

khanak · 23rd August 2008, 02:13

http://www.team-bhp.com/forum/shifti...te-thread.html

NetfreakBombay · 23rd August 2008, 09:56

Quote:

Originally Posted by razrman

Are you sure, a prop with Lawn/Club/Gym amenities would be around 6k

per sq.ft.?

Living in one such society myself. Current quote is 6k from builder for wings where flats that are almost ready (possession in 3 - 4 months). Negotiation brings it down to 5.5k.

pinnacle · 24th August 2008, 17:15

Quote:

Originally Posted by amtak

The newest happening area is Mira Road. Malls, International School, Business School, Good Hospital, Isckon Temple, close proximity to all the suburbs (Thane, Powai, Mulund etc.). The rates vary from 3500 (normal builder) to 8500/10500 (Lodha Aqua - Supposedly Mumbai's finest premium property)

Mira Road surely is a developing location and is a good bet for Long Term investment as well as for personal residences. However the rates dont range between 3500 to 8,500-10,000

You can get good bargains in the range of 2,800 to 3,500 if you hunt well and the premium most project are in the 3,800 to 4,750 band. Only Lodha Aqua is above 5,000 , but certainly not 8500 to 10,000 as you are suggestin. In this stagnating market they are finding it quite difficult to sell. And i would certainly doubt the Mumbai's finest premium property tag ---- its outside Mumbai limits

Ram

amtak · 25th August 2008, 10:50

Quote:

Originally Posted by pinnacle

Mira Road surely is a developing location and is a good bet for Long Term investment as well as for personal residences. However the rates dont range between 3500 to 8,500-10,000

You can get good bargains in the range of 2,800 to 3,500 if you hunt well and the premium most project are in the 3,800 to 4,750 band. Only Lodha Aqua is above 5,000 , but certainly not 8500 to 10,000 as you are suggestin. In this stagnating market they are finding it quite difficult to sell. And i would certainly doubt the Mumbai's finest premium property tag ---- its outside Mumbai limits

Ram

The rates were in the range of 2500-3500. Times have changed now. I was planning to buy 1 house in mira road (post wedding shopping!) but was astonished to hear the rates. Me being staying here am amused at the rate at which the flats are being sold. And I have to agree with you about Lodha aqua! The say its Dahisar when it is actually, Mira Road (Its behind my building!)

NetfreakBombay · 25th August 2008, 11:04

Quote:

Originally Posted by amtak

The rates were in the range of 2500-3500. Times have changed now. I was planning to buy 1 house in mira road (post wedding shopping!) but was astonished to hear the rates.

What are current rates there?

udaydesai · 25th August 2008, 11:40

Quote:

Originally Posted by NetfreakBombay

Living in one such society myself. Current quote is 6k from builder for wings where flats that are almost ready (possession in 3 - 4 months). Negotiation brings it down to 5.5k.

can you tell where axcetly you stay in mumbai?

I have been searching in mumbai and the rates are as follows

Borivali - 64 lac onwards
kandivali - 70 lac onwards
thakur village - 66 lac onwards
thana ( vansant vihar ) - 65 lac onwads
lodha, rustamji all are quoting 66 lac onwards

all the rates are for 2BHK flat
also there is load sheading in thana area.

any one who can get me info on any resale flat in borivali , kandivali , I am looking for 2BHK flat

uday

kalpeshc · 21st January 2009, 13:40

So did you finally invest anywhere? It would be interesting to know as markets have 'supposedly' fallen after the last post!

pinnacle · 21st January 2009, 14:57

Quote:

Originally Posted by kalpeshc

So did you finally invest anywhere? It would be interesting to know as markets have 'supposedly' fallen after the last post!

hi,,,
you used the right word ... supposedly...
Mumbai hasnt seen a lot of fall, as much as media makes out to be
sellers are reluctant to reduce almost 20-30% rates and buyers arent biting the bait, preferring to wait and watch

I think rates would fall by 20-35% from current levels in the next 7 - 10 months period...
Ram

mb_jg · 23rd January 2009, 00:11

I need to sell my 3bhk in Pune at NIBM rd. It's a 1500sq.ft apartment, fully furnished, we bought the place under construction & have been living there for approx 2yrs now.

Furnishings include brand new furniture, air conditioners, built in wardrobes, modular kitchen, JBL home theatre, Samsung 40inch LCD TV & a lot more. Current rate is @ Rs.3400 per sq.ft, earlier it was going at 4-5k per sq.ft.

The society has 2 buildings, 7 floors in each, 4 flats per floor. Amenities include the usual gym, club house, park, generator, water purifier\treatment plant etc. The apartment is on the 1st floor.

Interested parties can call at 09860912711 - Manish. (pics of the apartment could be e-mailed per interest)

Please note this is an urgent sale & negotiations will be heavily considered.

Also, please do inform any friends\acquintances you may know wanting to invest\buy a place in Pune.

Thanks guys.

Nitin · 23rd January 2009, 02:34

Mods: I'm not sure if this is allowed,but I would like to spread the word about renting a house in Bangalore. If inappropriate, please delete the post.

Centrally located,on Indiranagar Double Road. 3 bedroom,3 full bathrooms. 1 car park. Ideal for small familes,or for a group of bachelors/spinsters.
Rent: Rs 30,000.

If interested, please contact 080-5250486.
Thanks

amitsingh08 · 23rd January 2009, 10:42

Quote:

Originally Posted by Nitin

Mods: I'm not sure if this is allowed,but I would like to spread the word about renting a house in Bangalore. If inappropriate, please delete the post.

We have a great community here - there is a measure of trust.

I advocate allowing this.

And hopefully creating a simple section for members to post classifieds.

ascertain · 23rd January 2009, 10:58

guys- just wondering if one can post details of properties for rent or sale on this thread?.. I guess it would be a great option for the TBHP members who are in need. Kind of similar to the 'giveaways' thread.

Moderators please guide.

revhappy · 13th March 2009, 22:23

Hi Guys,

I wanted to know your views on whether this is the right time to invest in property or whether there is further downside.

I am interested in investing in new launch property that will be ready in say 2 years.

DLF has cut prices for it Bangalore property to 2000/-
check this out

Buying a house easier, DLF slashes rates

Let me know your views on whether these are good prices to invest keeping in mind 2 years horizon.

Cheers,
Nitin

godog · 13th March 2009, 23:41

Please add a poll.
My estimates (pre-recession) were very optimistic for: 12/2010-6/'11, and 12/2012-6/'13.
I have no reason to suspect that optimism even today.
But thats alot to say, coming from a keyboard jockey.

netchef · 17th March 2009, 10:11

Gents- I've a 60 x 40' site near the International Airport, Bangalore, I'd like to sell. If you know the ITC factory, it's down the adjacent road. Gated community developed by the Telecom Society, but there are terms and conditions involved.

The area is appreciating FAAAST. My value grew 400% in 2 years flat!
The markets are down and it's a good time to buy- I'm factoring this into my price that's way below market- so the new owner can come in low and yet benefit from the growth.

Ideally it needs to be purchased by someone with staying power as the 'Green belt' tag has not yet been lifted from the property. It's 100-odd acres and this is expected anytime soon (Telecom Society have successfully completed 5 or 6 other big projects)...I need to move into other priorities, and can Assign Ownership via a Power of Attorney or similar Legal doc.

Do your research- this is not for the faint hearted. Investment cycle is 'long term'. I deal like a gentleman and believe in total disclosure.

Going cheap! PM me for details.

23rd August 2008, 02:13	#61
khanak Senior - BHPian Join Date: Mar 2005 Location: Mumbai/Toronto Posts: 2,800 Thanked: 270 Times View My Garage	http://www.team-bhp.com/forum/shifti...te-thread.html
	() Thanks

21st January 2009, 13:40	#67
kalpeshc BHPian Join Date: Dec 2006 Location: Mumbai Posts: 538 Thanked: 141 Times	So did you finally invest anywhere? It would be interesting to know as markets have 'supposedly' fallen after the last post!
	() Thanks

23rd January 2009, 00:11	#69
mb_jg BHPian Join Date: Feb 2006 Location: Pune Posts: 485 Thanked: 124 Times	I need to sell my 3bhk in Pune at NIBM rd. It's a 1500sq.ft apartment, fully furnished, we bought the place under construction & have been living there for approx 2yrs now. Furnishings include brand new furniture, air conditioners, built in wardrobes, modular kitchen, JBL home theatre, Samsung 40inch LCD TV & a lot more. Current rate is @ Rs.3400 per sq.ft, earlier it was going at 4-5k per sq.ft. The society has 2 buildings, 7 floors in each, 4 flats per floor. Amenities include the usual gym, club house, park, generator, water purifier\treatment plant etc. The apartment is on the 1st floor. Interested parties can call at 09860912711 - Manish. (pics of the apartment could be e-mailed per interest) Please note this is an urgent sale & negotiations will be heavily considered. Also, please do inform any friends\acquintances you may know wanting to invest\buy a place in Pune. Thanks guys. Last edited by mb_jg : 23rd January 2009 at 00:15.
	() Thanks

23rd January 2009, 02:34	#70
Nitin Senior - BHPian Join Date: May 2006 Location: Houston, Texas Posts: 3,294 Thanked: 20 Times View My Garage	Mods: I'm not sure if this is allowed,but I would like to spread the word about renting a house in Bangalore. If inappropriate, please delete the post. Centrally located,on Indiranagar Double Road. 3 bedroom,3 full bathrooms. 1 car park. Ideal for small familes,or for a group of bachelors/spinsters. Rent: Rs 30,000. If interested, please contact 080-5250486. Thanks Last edited by Nitin : 23rd January 2009 at 02:38.
	() Thanks

23rd January 2009, 10:58	#72
ascertain BHPian Join Date: Dec 2008 Location: Cannanore Posts: 155 Thanked: 41 Times	thread guys- just wondering if one can post details of properties for rent or sale on this thread?.. I guess it would be a great option for the TBHP members who are in need. Kind of similar to the 'giveaways' thread. Moderators please guide.
	() Thanks

13th March 2009, 22:23	#73
revhappy BHPian Join Date: Apr 2007 Location: Singapore Posts: 332 Thanked: 18 Times	Right time for Property investment? Hi Guys, I wanted to know your views on whether this is the right time to invest in property or whether there is further downside. I am interested in investing in new launch property that will be ready in say 2 years. DLF has cut prices for it Bangalore property to 2000/- check this out Buying a house easier, DLF slashes rates Let me know your views on whether these are good prices to invest keeping in mind 2 years horizon. Cheers, Nitin
	() Thanks

13th March 2009, 23:41	#74
godog BHPian Join Date: Jan 2009 Location: DL/HR51/UP16 Posts: 137 Thanked: 13 Times	Please add a poll. My estimates (pre-recession) were very optimistic for: 12/2010-6/'11, and 12/2012-6/'13. I have no reason to suspect that optimism even today. But thats alot to say, coming from a keyboard jockey.
	() Thanks

17th March 2009, 10:11	#75
netchef BHPian Join Date: Oct 2007 Location: Bangalore Posts: 953 Thanked: 60 Times View My Garage	60 x 40' site near Int'l Airport, Devanahalli Gents- I've a 60 x 40' site near the International Airport, Bangalore, I'd like to sell. If you know the ITC factory, it's down the adjacent road. Gated community developed by the Telecom Society, but there are terms and conditions involved. The area is appreciating FAAAST. My value grew 400% in 2 years flat! The markets are down and it's a good time to buy- I'm factoring this into my price that's way below market- so the new owner can come in low and yet benefit from the growth. Ideally it needs to be purchased by someone with staying power as the 'Green belt' tag has not yet been lifted from the property. It's 100-odd acres and this is expected anytime soon (Telecom Society have successfully completed 5 or 6 other big projects)...I need to move into other priorities, and can Assign Ownership via a Power of Attorney or similar Legal doc. Do your research- this is not for the faint hearted. Investment cycle is 'long term'. I deal like a gentleman and believe in total disclosure. Going cheap! PM me for details.
	() Thanks

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