how is real estate doing in your city?

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vvvishal
I am in Delhi and following the prices in Gurgaon closely. The prices are going up extremely fast, and new launches are getting sold out even before any project details emerge.

How is the market in your city? Home loan interest rates impacting?

Prices rising?
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Nothing like that in Hyderabad. Rental for two bedroom flats below 20,000 in the best localities in the heart of the city. Last week witnessed a sale deed of a 3 bedroom for Rs. 60 lakhs in City prime area

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papa_kancha wrote:

Real estate in Bangalore is going crazy! Post covid demand has been crazy and people are ready to pay any price to even get a rental property. Land prices, and apartments have also increased and registrations have somehow increased even more than pre covid levels. Not sure how long this is going to last.

Problem is precovid per ton steel was 40-45k now it is 75 K (had gone all the way upto 95k few months back). Lot of construction material prices have shot up (doubled too). Construction of affordable housing is coming down. Everyone constructing newly is going for bigger ticket size. So rates are going up and up. 

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Real estate in Bangalore is going crazy! Post covid demand has been crazy and people are ready to pay any price to even get a rental property. Land prices, and apartments have also increased and registrations have somehow increased even more than pre covid levels. Not sure how long this is going to last.

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papa_kancha wrote:

Real estate in Bangalore is going crazy! Post covid demand has been crazy and people are ready to pay any price to even get a rental property. Land prices, and apartments have also increased and registrations have somehow increased even more than pre covid levels. Not sure how long this is going to last.

Bengaluru landowners are minting money day and night
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Nothing like that in Hyderabad. Rental for two bedroom flats below 20,000 in the best localities in the heart of the city. Last week witnessed a sale deed of a 3 bedroom for Rs. 60 lakhs in City prime area

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aam_aadmi wrote:

Nothing like that in Hyderabad. Rental for two bedroom flats below 20,000 in the best localities in the heart of the city. Last week witnessed a sale deed of a 3 bedroom for Rs. 60 lakhs in City prime area

Someone from hyd was telling in a telegram group that even before the start of project 6-7k rs/sqft properties are being sold out (not so prime but good upcoming areas). The builders are not even ready to speak and their sales person say "take it or leave it". Hype?
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papa_kancha wrote:

Real estate in Bangalore is going crazy! Post covid demand has been crazy and people are ready to pay any price to even get a rental property. Land prices, and apartments have also increased and registrations have somehow increased even more than pre covid levels. Not sure how long this is going to last.

Problem is precovid per ton steel was 40-45k now it is 75 K (had gone all the way upto 95k few months back). Lot of construction material prices have shot up (doubled too). Construction of affordable housing is coming down. Everyone constructing newly is going for bigger ticket size. So rates are going up and up. 

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rsai01 wrote:

Problem is precovid per ton steel was 40-45k now it is 75 K (had gone all the way upto 95k few months back). Lot of construction material prices have shot up (doubled too). Construction of affordable housing is coming down. Everyone constructing newly is going for bigger ticket size. So rates are going up and up. 

True - raw material price doubled for many after covid
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aam_aadmi wrote:

Nothing like that in Hyderabad. Rental for two bedroom flats below 20,000 in the best localities in the heart of the city. Last week witnessed a sale deed of a 3 bedroom for Rs. 60 lakhs in City prime area

Hyderabad was already overpriced in last 2 years..now they want to clear their inventory before elections next year..even now you cant get a good apartment below 1.5 cr in prime areas like gachibowli or financial district







































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@aam_aadmi  where In hyd 3BHK costing 60L in prime area...I was searching for house..finding difficulty between 60-65

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how about mumbai are prices up for resale and new constructions

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Wow, so same sort of an experience for everyone across the country.... How do you guys feel that interest rates will impact? Do you think a crash will come? Or prices will stop increasing? Or just keep increasing?
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desiman wrote:

how about mumbai are prices up for resale and new constructions

Not really up in Mumbai suburbs. But yes it has come back to pre COVID levels. It had softened during COVID.

Pre COVID already the rates were high, so not much increased after that. Also because lot of redevelopment projects are going on. It seems builders are getting quick approvals compared to earlier times.

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rr134181534 wrote:

@aam_aadmi  where In hyd 3BHK costing 60L in prime area...I was searching for house..finding difficulty between 60-65

West Marredpalli, Kavadiguda, Padmarao nagar

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agada wrote:

Not really up in Mumbai suburbs. But yes it has come back to pre COVID levels. It had softened during COVID.

Pre COVID already the rates were high, so not much increased after that. Also because lot of redevelopment projects are going on. It seems builders are getting quick approvals compared to earlier times.

Are outright transactions happening for older buildings in mumbai how much do the buyers bargain while purchasing flat

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surya.psm260 wrote:

Hyderabad was already overpriced in last 2 years..now they want to clear their inventory before elections next year..even now you cant get a good apartment below 1.5 cr in prime areas like gachibowli or financial district







































1.5 Cr priced apartments are super luxury types, inclusive of full interior decorative finishing, huge open landscaped area, swimming pool, club etc  For that level, prices are same anywhere in the country. Since most new industry is coming up in outskirts, prices in such satellite townships may be higher than in the main city 

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desiman wrote:

Are outright transactions happening for older buildings in mumbai how much do the buyers bargain while purchasing flat

Outright transactions are happening but with very slow pace if building age is 30+ years. Bargaining will be 5 to 7%
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rsai01 wrote:

Problem is precovid per ton steel was 40-45k now it is 75 K (had gone all the way upto 95k few months back). Lot of construction material prices have shot up (doubled too). Construction of affordable housing is coming down. Everyone constructing newly is going for bigger ticket size. So rates are going up and up. 

Bro. Please check DM whenever convenient
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Mumbai  property  prices  are already high and increasing .

Lots of redevelopment  projects  of old buildings  going on. Flat sizes  are very very small in new buildings  now.  Construction  quality special  of redevelopment  building  is poor quality  .

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Loaferg wrote:

Mumbai  property  prices  are already high and increasing .

Lots of redevelopment  projects  of old buildings  going on. Flat sizes  are very very small in new buildings  now.  Construction  quality special  of redevelopment  building  is poor quality  .

the prices of those redeveloped flats are also high + high monthly maintenance
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desiman wrote:
the prices of those redeveloped flats are also high + high monthly maintenance
Increased Maintenance  charges is going to be there due to taxes , security , lifts , etc .  Minimum  Rs 5000 per month in any redevelopment  society is there . Big tower maintenance charges  near my house is Rs 10000+ .
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