Friday, November 6, 2009

Do you think that property buyers will stop booking flats if builders keep on increasing the property rates at this point of time?

In normal times,
possibility of property price rise
works as a stimulus for the property buyer
who is taking too much time to book a flat.

In good times,
property price hike creates a mass hysteria of
booking without thinking.

Today,
when most of us are not sure about the end of recession and
are worried about the inflation,
if builders start increasing property rates,
only because bookings are happening,
do you think that property buyers will stop booking flats,
just like they did in the second half of 2008?

Do you agree with Kamlesh Pandya, that builders should hold property rates, at least this point of time?
Do you think that Nanded City Pune should not increase the property rate to Rs. 2,850 per sq.ft.?
Do you think that Barbara should give you some more time to think?
Please, share your views in the comments.

1 comment:

  1. Builders should focus on increasing the rate of bookings by reducing price by 10-20 %. This will help them generating more cash flow and they would be able to reduce their debt levels thereby increasing profitability.

    I don't understand why builders focus on holding/ increasing price instead of worrying about their balance sheet.

    India has huge demand for real estate and its nowhere near saturation where only ways on increasing profitability would be to increase price.

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