The prices have never gone that high ever and the current prices are the actual prices that prevailed 6 months back....just because the peomoters are unable to sell there under construction pfojects this article has come out....just few days back the same was in a leading newspaper of Bangalore......dont fall prey....its going to fall further....hold on
I saw here.. Bangalore's EMI guys comparing Bangalore with Mumbai. I just want to tell them software Engg's "Baap" living there.. not the guys who take a loan and pay for whole life.. There are people who pays tax, which a SW Engg earn in whole life..
I don%u2019t know if rates have really come down but if at all rate came down then say thanks to interest rates. And wait guys these interest rates are not going to coming down for some more time. These bloody builders will bleed%u2026 The reason of property price hike is nothing but stock market. Stock market increase notional wealth of people. History has shown us, all great buildings are build during stock market boom%u2026 Which is now at the end%u2026
RE:Prices fall by 50% in Madras and Hyderbad
by Sathish N on Dec 12, 2007 04:40 PM Permalink
hahaha.. rightly said. Clearly the guy who has written this article has vested interest.
RE:Prices fall by 50% in Madras and Hyderbad
by vidya G umapathi on Dec 12, 2007 05:46 PM Permalink
Haa ..is it so ? I dont this the the guy who wrote this article failed to buy any property in Bangalore earlier and due to frustration ,he might wrote this article. Hay may can u get property for Rs 2000/Sqft ..I can buy in terms of Acres :) stupid
RE:Prices fall by 50% in Madras and Hyderbad
by Gladson Uchil on Dec 12, 2007 06:42 PM Permalink
Wake up Joydeep, Bangalooru, Hyderabad, Kanpur and Ahmedabad having expanded in populace and size have been accorded A1 status. So, now India has 8 metros, not 4. Incidentally Bengalooru metropolital area is much larger that even Greater Mumbai metropolitan area!
RE:Prices fall by 50% in Madras and Hyderbad
by singar s on Dec 12, 2007 05:50 PM Permalink
Guys, Invest in Stock market , gold and tier 3 and tier 4 cities.Don't invest more on cities with the exceptation of huge returns.Always remmber for a single PLOT in chennai you will see multiple owners.So go a for FLAT to live and not to invest.You need lots of savings to run the rest of your life
There is all likelihood of this survey being made up by builders. Definitely the prices have stopped increasing irrationally. So, the builders have come up with this survey to attract people to come back to the property market.
RE:Its a made up survey by builders to attract people
by Rediff on Dec 12, 2007 03:53 PM Permalink
Even I agree with you. The moment I read this in TOI this was the first thought in my mind.This article is here because some big shot builders must have paid huge amount to get this article on the front page of TOI. Can you imagine "Bangalore property prices comming down" as a front headline in TOI.
RE:Its a made up survey by builders to attract people
by sailas g on Dec 13, 2007 06:53 PM Permalink
the article clearly reflects the vested interests as it only talks about prices of south, east, south east , north. Article didnt mentioned about west, or south west, north west or north east directions becos only in the south or south east directions only lots of real estate money went in and lots of apartments were constructed.
RE:Wait for some more time
by Girish Rao on Dec 12, 2007 02:00 PM Permalink
one can buy sites within corporation limits now. Get some ready cash ~15L get some good broker, I am sure you can get sites at 2500/- per sqft within city limits and construct a beautiful duplex on 30*40 which will be better than any stupid apartment and the house will actually work out cheaper than 80L charged by big builder.
RE:Wait for some more time
by Girish Rao on Dec 12, 2007 02:04 PM Permalink
most of the big builders have only big 3 bhks which is very irritating which jacks up the price a lot, I know many friends who would prefer smaller 3bhks from a reputed builders, but these reputed builders only have big 3 bhks.
It is fall of government which is causing this. All politicians had their black money invested in the land. Now elections are approaching and they need the money. They have to sell and there is no buyer which is causing this fall. Once new government comes prices will go up again.
You have chosen a wrong static. There is no authenticity of this report. Any real estate MNC/ renowned organization can give the report with accurate statistic on the said subject. According to you%u2026
THE GREAT FALL East Bangalore Drop from Rs 3,100/sq foot to Rs 2,100/sq foot 32% drop South Bangalore Drop from Rs 6,400/sq foot to Rs 4,000/sq foot 37.5% drop North Bangalore Prices unchanged - South East Bangalore Drop from Rs 5,300/sq foot to Rs 3500/sq foot 34% drop
The above static is completely wrong. Please don%u2019t post the things that are no relevance with the markets.
RE:There is a slight correction, not a burst
by vidya umapathi on Dec 12, 2007 05:50 PM Permalink
I think he must be a frustrated man who failed in buying the property and envy of Bangalore's growth. Show me this fall in any area ..I will get customers to buy in these rates .. Stupid ..
