3 ms·
> There is potential for drastic fall as per the unsold inventory which may take over 7 years I have been hearing that for the last 7 years.
by sumedh 8y ago
> There is potential for drastic fall as per the unsold inventory which may take over 7 years
I have been hearing that for the last 7 years.
- ItsMe000001 8y agoDepending on context, does the potential for an event go away when the event does not occur for a long time? Much of the time I'd say that that has no information value whatsoever, and sometimes it may actually signal worse to come. So by itself I would claim the piece of data that you mention, accepting it at face value, is meaningless.
- sidm83 8y agoIts not quite out in the open yet, but it is happening when you sit on the table and negotiate. A prime builder in the most prime location (BKC) is offering nearly 30% off on initial quote after a few rounds. There is humongous over supply in areas like Goregaon and Worli/Lower Parel. As per industry sources there is very little movement for properties north of INR50m which is essentially every apartment >=2br south from Bandra onwards. Builders like Oberoi have still not managed to sell flats which have been ready for 3-4 years in Goregaon, resulting in the recent 25% * 4 years scheme. It's a matter of time till they capitulate. Even otherwise, if they stay at old rates, they're effectively falling on account of inflation every year.
- sidm83 8y agoThere is also a clear change in the sales pitch. 4 years ago the pitch was about "investing". Now its about "end use". Clear sign of ending of investor fueled bubble.