On November 24th 10:11 AM, Real Estate Oracle said:

Let builders do what they want..Property price above 2000/sq.ft is not at all realistic. The prices have tripled-quadrapled in last four years, even highest paid sector like IT has not witnessed so much salary hikes. How many buyers are there who can buy flat of 30 lacs. And even if there are they were wise enough to buy a flat 2-3 years ago or to wait for market to crash. Banks are also tightening the loan norms by passing only 80% loan. 20% of 30 lacs is 6 lacs my dear, do builders know how much time it takes to actually save 6 lacs even with salary of 50k? This is going to bust and bust badly.

On November 25th 10:11 AM, Atul said:

Dear Lalit, I appreciate your concern on the risk that Pune Builders are carrying on their Greed levels. I also admire your efforts on keeping this Greed levels high. Just wanted to draw your attention to the situation of prospective buyer in Pune - your beloved IT sector Employees. They are experiencing life-time threat on their jobs today. A person buying a flat @30lacs and loosing job can not survive even with 2% interest rate. These employees do not have greed levels that your community have - which could have helped them surviving the crisis. You already have killed the hen laying golden eggs. Now the hens available only can lay iron eggs. If you really need such eggs, please take them else these hens will go somewhere else to lay the eggs. The property prices in Pune beyod 2000/- psqft is a real bubble. Your community need to understand the reality and stop dreaming about making 300% profits now, in case if they really want to survive. Else, be on mercy of your luck and do not ask government to bail you out with our HARD EARNED TAX MONEY.

On November 25th 6:11 PM, Dada said:

Great comedy show.. PBAP..always upside down

On November 26th 10:11 AM, Avinash Pardeshi said:

I feel that, in the past PBAP has misguided the property buyers. So don't believe in! In recent past, we have seen the situation when market was about to start falling on the property prices and the PBAP had a meeting and in media they said that looking at the different cost factors, they are going to increase property prices by 50-400Rs/sq ft. While after the same note, with in a month property prices came down by 5%. Whats does this indicates! Dikhawe pe na jaao! Apani akal lagao! Better is go in the market ...sit on table with different builders ...negotiate hard and when you will get a good price then only think of buying. Todays another news from Goldman Sach says that property prices in various cities to come dowwn by 30%. If so in pune not 30% but at least 10% more should come down! Don't you think so? Well another point: When is the right time to buy? It's a simple theory....if market is falling and you don't know bottom then don't buy at that time. Wait for the market to start getting the grip after enough fall! It's a judgemental call! But here I can say one thing, economy seems to suffer more, international finacial markets are highly vulnerable, so the Indian ...and if so till the time we feel secured about economic welbeing, it's not bad to keep a watch! Right? And once macro economic data start showing the positive momentum, go for buying! This will give you following advantage: - Time to save for downpayment - Safty from the economic unstability by having money in hand - You can earn interest on the saved downpayment - We never know, you may get a cheaper deal in future - You will save yourself from the monthly economic burden of EMI. - Mostly if you buy flat now, you will have to pay pre-emi during construction. And today no one can assure you that you will get the flat in commited period because of looking at slow demand, low creadit availability for various builders. So whatever is paid on pre-emi is going to be a additional burden. Well this is my thought!!! It's your call after all! Avinash Pardeshi.

On December 06th 1:12 PM, Sameer said:

I am a commerce graduate and I earn 20000/- month. And it is pretty decent income for a middle class person. May family is settled in Pune may be for past 100 years. But today, I can’t have may own house as I just can’t afford it within Pune or within 50 km radius around the Pune. This wasn’t a situation 5 years back. I agree that recent IT revolution in the city has added talented crowd in this city and this is really good for the city. But, what do I do now? Where do I go? Is the Slum the only option left for me? Builders were like a god for us as they were home makers given strong shelter to families and family values. And today, they are running behind IT glory to gain more. Things have got darken for me and I don’t see any path.

On January 21st 3:01 AM, Nigel DSouza said:

With the current economic meltdown, companies downsizing, and the Satyam effect one should not think of buying a flat for at least 6 to 12 months. Prices will only fall and many distress sales will come to the market.

On February 23rd 4:02 PM, Kumar said:

Looking at where the global economies are heading, I dont think RE prices in Pune are anywhere close to the bottom yet. As always, bigger the bubble, harder it bursts. Would definitely like to compare Mr. Jain's statements a year from now.