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Unitech's Strategy for coming years

By malikboss, Section Member Diaries
Posted on Thu Nov 02, 2006 at 08:19:48 PM EST

Wanna know more about Unitech's plans? Check the presentation aimed for investors.

http://www.unitechgroup.com/investors/presentation.pdf

Here are some key point : SEZ of 9884 - 20,000 acres in kundli, apartment complex in Faridabad in Apr 2007 and alliance with Marriott for 822 rooms.

And Unitech is very bullish for growth and bluntly stated that there is shortage of 20 million housing units. Guys , forget any crash in near future

< Is there a blind home in Gurgaon? | Skoda Amb 2002 VIP Number for sale >

Unitech's Strategy for coming years | 37 comments (37 topical, 0 hidden) | Post A Comment

emmar mgf devalued by 50% (5.00 / 1) (#39)
by bitseee on Tue May 20, 2008 at 06:37:13 AM EST

did u read emmar mgf which came with a ipo at 600 rs and coundt get subscription has now finally sold shares to citibank at 300rs.

so emmar mgf is devalued by 50%, coz their landbank is devalued by 50%.

so clearly property prices in india can crash 50%.

[ Reply to This ]

NRIs and HNIs are responsible (5.00 / 1) (#15)
by survivor on Wed May 14, 2008 at 05:07:32 AM EST

I would like to point out here a genuine fact which I think everyone who is a potential/genuine buyer will concur.

This escalation in property prices in Gurgaon & the rest of the NCR is due to the NRIs/HNIs (high net worth individuals), who are blindly followed the advise of these property brokers.

Come to think of it, a higher price will attract higher brokerage and this is what the brokers are looking for. Some lone fool buys the property at an absurd price at the hands of these brokers and the property rate is fixed at price higher than previously sold. This new price is now the "market price" and now the bait is set for another fool who is looking for a property. If you are an NRI visitng in India, you are the target for these brokers. They will con you to buy the property by telling you that in next 3 months, the same property will be appreciated by 20% and you will make good profit. You believe this broker and buy the property at a price which no one has paid before. As a result you have created this escalated price and the broker is laughing counting his brokerage which offcourse will be in cash and therefore has no accountability to the govt of India.

This leads to a upward moving chain of artificially escalated prices until it reaches a peak wherein even the NRIs and HNIs starts to believe that for this price he/she can buy a 4 acres mansion in US or a Villa in Spain or Dubai with excellent human living conditions and infrastructure.

This is what is the situation right now. So thanks to all the NRIs/HNIs who are actually responsible for this mess.

But alas..Indians will never let go the herd mentality.
So, please boycot these brokers and let go of your greed as this will ultimately lead to a situation wherein dogs, pegions and the rest of the wandering animals will be occupying your properties one day.

[ Reply to This ]

Rely on Facts !! (none / 0) (#30)
by hope on Sat May 17, 2008 at 10:40:36 AM EST

Some people may say that the prices have gone up and some may say that it has gone down. Instead of looking at one's opinion only let us look at the facts.

Go to www.magicbricks.com (taking site as one of the examples), you will find there 33,000 properties listed on Sell side and about 31,000 on rent. Many of the entries are multiple but this is only one site. Especially for NRI friends.
On the site you will find huge difference in quotes for similar properties. The guys quoting lowest for selling is not a fool but realistic.
Now look at the number of properties under construction and yet to hit the markets for occupation. Rough calculation shows in excess of 40,000 unit including societies.
The above doesn't include about 50 odd new sectors that have been announced for construction.
The current occupation level (which is lower than 70% in occupied buildings) is not sustainable with current power situation and water. How it is going to support the future.
Frequent power cuts have led to reliance on backup power in these fancy high rise buildings and hence an effective cost of power in excess of Rs 7/unit.
The maintenance charges are increasing every year and we are paying Rs 2.50 /sq ft/month. Including service tax and parking it adds to about 9000 per month in a 3000 sqft apartment.
If we decide to give the property on rent, the rent yields are not more than 3.5%-4% and then spend more on maintenance and brokerage as you change tenants.
IT/BPO industry not looking hot especially in NCR and no more stars in the eyes of the people working there.
Stock market not generating super normal returns for investment in Real estate.
No new major investment got announced in the real estate sector. even if it is I cannot understand how the prices will go up. Most of the investments have been made in new projects that will only increase the supply not necessarily the demand. REITS are good for commercial properties not so much for residential properties.

AM I MAKING AN OPINION FOR YOU NO BUT YOU HAVE GUESSED IT RIGHT.

[ Reply to This ]

IT sector employees (5.00 / 1) (#32)
by bitseee on Sat May 17, 2008 at 11:02:19 PM EST

All these new youngsters who were jumping with joy with 3-4 lac salaries in IT/KPO/BPO have realised their true worth

with usa recession setting in all these people r getting very less hikes and also job is unsafe

i cant imagine a young person with even 4 lac salary buying a flat in gurgaon.....

i mean a 40 lac flat int component is 4 lac per annum more than the salary....

Also the indian subprime will happen soon

MOST of these young peple who bought flats on home loans from pvt banks are struggling to pay EMI and soon u will be haering news of icici bank snatching their property for non payment

THEN all these pvt banks will have no option but to sell these properties at discounts of over 30% to market price becoz demand is less when white money is involved..

bara hi bura time aayega gurgaon real estate me which was totaly speculative on INFOTECH BOOM

since infotech has busted so will gurgaon..

jisko apni jan bachani hai sell kar de gurgaon me..

he can invest in places like ROHINI in delhi with gr8 infrastructure,proper light and water

[ Parent | Reply to This ]

Rely on Fact (none / 0) (#33)
by arun1964 on Mon May 19, 2008 at 04:17:27 AM EST

The article about facts

What you are talking about gurgaon was similar in Dwarka around 2000 huge amount of vacant flats/new flats being build now look at today flats cost 9-10 lakhs are worth 60 +
My experience is that guys quoting the lowest

are usually worst flat in the colony & one ends up buying a much better flat in the same colony
e.g you will get flats at JMD facing village at real discount

3.Job Creation - Please try finding a good quality
building at a reasonable rental even today (they have been mostly pre booked ) by corporates

4.Maintainance Charges- It is for 100% power back up & water & other amenities .You can shift to a low end society for builder flat if you do not want to pay these charges

5.Investment - Look at the investments already happening
in this area.These canny buisness men are not fools to bet on the survival of the companies by investing so much amount in this Area

6.Prices are bound to be stagnant as huge supply is planned but coming down 50 % is living in a fool paradise

rest leave it for ones own judement

mal
[ Parent | Reply to This ]

Rely on Fact (none / 0) (#35)
by hope on Mon May 19, 2008 at 12:05:34 PM EST

By the way i never made comment about prices coming down by 50%.Is that a freudian slip ???

[ Parent | Reply to This ]

: 5rely on fact (none / 0) (#38)
by arun1964 on Tue May 20, 2008 at 04:05:33 AM EST

I just quoted the thoughts of our fellow boarder bitsee who now feels that land rate in gurgaon will come down to Rs 10000 per square yard

mal
[ Parent | Reply to This ]

Rely on facts - II (none / 0) (#34)
by hope on Mon May 19, 2008 at 12:03:10 PM EST

This is getting interesting. Let me try to address the answers you have mentioned.

1, On rentals, go to the same site i mentioned earlier and you can choose the apartment you want to rent given the choices available. By the way show me one rental which will lead to more than 4% yield based on quoted prices. In the upmarket Beverly Parks and Belvedere towers etc it is still lower than 4%. e.g belvedere Tower rent 40-45,000 per month, quoted prices 1.3-1.5 crores.

Dwarka prices are taking big hit. I have apartment in Dwarka and no where i have seen 9-10 lacs going upto 60 lacs. Stretching facts little bit my friend.
talking about price differentials, sir i stay in guragon and i know few buildings around and the price differential is not on account ofthe fact you mentioned only. A suggestion do Search on DLF Pinnacle unless you feel some flats in the same faces village.
Maintenance Charges - Sir you are getting angry. Question was not to stay in low end flat but when you pay such high charges your ability to pay other loan installments come down and hence

the comment i made.

5. I never mentioned prices coming down by 50%, is that a Freudian slip.

[ Parent | Reply to This ]

rely on Fact (none / 0) (#36)
by arun1964 on Mon May 19, 2008 at 10:02:29 PM EST

First Nice to find a person with a strong counterview

1. Rentals in this country have always given low returns check any place delhi/Bangalore/Mumbai etc
If you look at rentals off late they have been rising .
2. Dwarka is a flat which I own directly bought from DDA & my next door flat has sold at that rate
I dare not give an ad in Magicbricks to check the price.For rental I was pestered with calls for over two month when I gave an ad

3.Dlf Pinnacle is a property which is unfortunately what I call luxury apartments upward of 1 Cr.One cant place any logic to their pricing they depend on extreneous factors.Read an article that flats in this segment are sold upwards of 9 crores & seemingly booked by people

4. Also read an article of low cost housing builders taking about low cost flat in gurgaon
after increase In FAR -12.5 lakhs - Wow - 500
sq feet flat at 12.5 lakhs -2500 per sq feet!!!!
This is a low cost option

5. A place Like rohini land rate is 1.5l-2.0 l per sq meter In Gurgaon it is varying bet .23-.65 l.Aparently in Rohini the rates shot up after metro introduction so where do you think gurgaon rate will go in coming year

mal
[ Parent | Reply to This ]

: rohini (5.00 / 1) (#37)
by bitseee on Tue May 20, 2008 at 01:11:07 AM EST

rohini is in delhi the capital of country and not a village like gurgaon
secondly rohini has proper lights,parks, and most important ting WATER.
gurgaon me kuch bhi nahi hai except mnc workers.
yea rate will be 10k per yard soon

[ Parent | Reply to This ]

guragon 4 years from now (none / 0) (#29)
by bitseee on Sat May 17, 2008 at 12:45:45 AM EST

gurgaon 4 yrs from now

property prices half of what it is now sicne there will be no demand as all IT/BPO/KPO firms will move out of gurgaon to cheaper non metro to cut costs
no electricty
no water
no transport
high crime

it will truly become a gaon lol village where people plots which r empty be resided by dogs and cows lol...

[ Reply to This ]

How to directly reach out to homeowners (none / 0) (#28)
by bangbandhu on Fri May 16, 2008 at 08:35:16 PM EST

Brokers in Gurgaon are very aggressive (and of course unscrupolous and unethical). They normally don't let the market forces work and always paint a false rosy picture even when there is a gloom in the market. However, I have not yet figured out a way to directly reach out to genuine sellers and avoid these brokers. Almost all the ads in the newspapers and the listings on the portals are from the brokers.

Can any one share any tips or experiences on how to avoid these monsters?

- BB

[ Reply to This ]

Quoted Prices Vs. Actual Price (none / 0) (#27)
by versatile on Fri May 16, 2008 at 07:10:07 PM EST

We need to distinguish between the quoted price and the price at which the deals conclude. If you look at the quoted prices in the newspapers, you would certainly get the impression that the prices have either stabilized or have gone up. The same is true of the prices quoted by brokers as they will never quote a lower price. However, how many buyers are there in the market at current prices? Yes, some deals may happen around the quoted prices depending on the negotiation skills, awareness level and desperation of the buyer. However, by and large, end users are staying away from the market due to not only the affordability factor but also the value factors. Some of the older DLF apartments are like matchboxes and they all have a quoted "price" of above Rs 1 Crore. I had earlier given an example of an aprtment at the Palms which was quoted at Rs. 1.17 Crores as that was the "price" advised by the broker. However, the broker could not find any buyer for 3 months. Realizing the garivity of the situation, the owner started quoting a price of Rs. 1 Crore and was willing to settle down for 90-95 Lakhs.

Another factor that impacts the price is when the aprtments are getting ready to move in and the prices may go up a bit due to some genuine buyers who want to move in soon and a number of speculators who want to profit from this. However, when the entire new supply slated to hit Gurgaon and NCR becomes available, there will be a glut in the market impacting the prices of these new apartments also.

[ Reply to This ]

Plot prices (none / 0) (#26)
by A3 on Fri May 16, 2008 at 01:41:10 PM EST

Hi,

Can a genuine forum member with knowledge, give me suggestion on this.

I'd like to buy a small residential plot of 200sq yd in Gurgaon for residing purposes and not investment. My budget is around 20k per sq yd, and what I'm hearing from brokers is Sec - 57 everywhere but that too for around 22k-24k per sq yd. And will take atleast 2-3years for this sector to become for residing purposes, L&T is developing the infra for this.

Is the price being quoted the correct price ?? Pls suggest with honesty as I'll have to sell a flat in delhi and from that have to buy in GGn.

Regards,

A3
9873153694

[ Reply to This ]

lol (none / 0) (#23)
by bitseee on Thu May 15, 2008 at 05:23:02 AM EST

dont compare GURGOAN which is a gaon= vilage to delhi lol haha

na pani na bijli gurgaon me suciking place.

gurgaon me to 50% girenge prices.

[ Reply to This ]

Correction (none / 0) (#24)
by arun1964 on Thu May 15, 2008 at 05:37:45 AM EST

I have lived in south delhi for good 15 years water was a perenial problem car parking always a fight with neighbours Clubs/schools extremely diff to get admissions.malls minimalthe only thing i Liked about delhi was public transport at least you could take a rude auto rickshaw to go to M-block market(forget abou taking your own car)
Recently Dlf took out apartments at 16000 per sq feet.I think I am happier in gurgaon.I have 100 % power & water backup & conf parking space try that in delhi

mal
[ Parent | Reply to This ]

Ok - explain this correction (none / 0) (#25)
by OompaLoompa on Thu May 15, 2008 at 01:51:07 PM EST

So I have been hearing of correction , doom and gloom. And honestly I was kind of expecting it. I was trying to sell petal and i got an offer + bayana for 3350. 2-3 months ago price was quoted at 3250. And there was decent amount of interest.

The bottom line is I am not sure if the market is up . But flat did sell quite fast.

[ Parent | Reply to This ]

: Don't make fool of people (none / 0) (#31)
by hope on Sat May 17, 2008 at 10:55:06 AM EST

Again go to www.magicbricks.com and you will find any number of entries for sale of 1964 sqft properties at 63-64 lacs that is less than 3200 per sqft. Most postings are of May.
And i donot have to remind him that it is offer price from Seller and not the transaction price which will be much less.

[ Parent | Reply to This ]

Correction (none / 0) (#22)
by arun1964 on Wed May 14, 2008 at 10:27:05 PM EST

Exactly the point a rohini plot at 1.5 l-2 l per sq meter in Rohini compared to gurgaon .5 l sq meter. With Metro also expected here land is going to definately appreciate to close the gap

mal
[ Reply to This ]

survivor (none / 0) (#16)
by bitseee on Wed May 14, 2008 at 08:43:14 AM EST

hey survivor do u think gurgaon prices can fall 50%?

[ Reply to This ]

ofcourse (none / 0) (#19)
by happyinvestor on Wed May 14, 2008 at 12:18:11 PM EST

ofcourse its possible for prices in ggn to fall by 50 percent, just that its not very probable.
i'd say a more probable event is ur pecker falling off :-)

[ Parent | Reply to This ]

Real Estate Crash (none / 0) (#17)
by babu bhai on Wed May 14, 2008 at 09:38:45 AM EST

The same thing is going to happen to the Gurgaon real estate whats had happened to the Mumbai real estate in early 90's.if one can remember that price of Real estate in Nariman point went up to Rs40000/sqfeet from 4000/sqfeet during that time and within a year when the correction started many people lost their furtune.
and since 1996 to 2003 the real estate price was same.Gurgaon real estate is going in the same way.

[ Parent | Reply to This ]

prices in rohini sec -11????? (none / 0) (#20)
by bitseee on Wed May 14, 2008 at 10:06:31 PM EST

hey
prices in rohini sec-11 is arnd 1.5-2 lac sqyard.
i have a plot of 60 sqm and i can sell it at 1.4 crores now

shd i book profits??

will prices rise in coming years?

[ Parent | Reply to This ]

banglore (none / 0) (#18)
by bitseee on Wed May 14, 2008 at 10:55:33 AM EST

will banglore also crash?

[ Parent | Reply to This ]

Talk about correction (none / 0) (#21)
by arun1964 on Wed May 14, 2008 at 10:19:15 PM EST

Gentleman all this talk about correction seems to be hitting the High end appartments over 1 cr
whicha are mostly anyway unaffordable.Go out in the market and try buying
Residential properties

Park view 1 Price last year 3300 today 3700+
Prasavnath Greenville -Low Rise price last year 3500 today 3900 (In fact I got one of my relative to buy & he sold it at 4000 +)

3.Vatika Aster price 1 year back 2900 today 3200 +

Get me a good location plot at less then rs 46000 per sq yard in C-block sushant lok-1
Commercial

No sign of easing( if golf course road for A class building come down from 100+ to 100 (they were Rs 35 around 2 years back )Is it a slow Down

3. Retail - Is the only one which is showing signs of slow down But it is more to do with Illogical planning no concept of mall mangement
which is hitting them more badly

Regards

Arun

mal
[ Parent | Reply to This ]

unitech's startegy ? more apartments with bad (none / 0) (#14)
by Unregistered Visitors on Sun Oct 28, 2007 at 11:34:53 PM EST

finish?
Their end product is very bad so what strategy are they planning? They only make good commercial properties.
But whos is there to see that?
Most fo the builders are like that and some worse like the cheap central park 2 builder!Mahindras and bakshis who as it is have cheated the central park 1 residents out of their club and a major area of the complex and now they plan to do the same in central park 2.
You need a regulator of people will keep suffering at the hands of these builders.
What strategy are we talking about! When builders like anand mahindra can cheat the buers wht do you expect from unitech!
Nonsense

[ Reply to This ]

Unitech's Strategy for coming years (none / 0) (#10)
by Unregistered Visitors on Sat Mar 10, 2007 at 02:01:55 AM EST

Well i only know this chandra fellow of Unitech and SIngh of DLF have become billionaires on our money. still our greed attracts us to them. Unitech can not compelte any project on time and think they are the best

[ Reply to This ]

Malik Sahib, please tell me ............ (none / 0) (#2)
by Unregistered Visitors on Wed Nov 08, 2006 at 10:32:14 PM EST

if you are a property broker (and if you do not like this term), a real estate (and/or) financial consultant. Other than writing comments on this site, what do you do for a living?

I have been reading your vocal views about Gurgaon real estate. Your answer to my question will help me read your comments in the right perspective.

Thank you.

[ Reply to This ]

: Home prices to decline in Gurgaon (none / 0) (#4)
by Unregistered Visitors on Thu Dec 14, 2006 at 06:31:24 AM EST

Gurgaon property prices will decline by over 15 to 20% over the next 6 to 8 months for the following resons:
Artificial shortage been created by brokers and NRIs
ICICI Bank raising home loan rates to over 10%. This means a loan of 50,000 for 20 years would result in an EMI of approx. 48-49K, which was 38-39K (7-8%) about an year or so back.
There are no immediate signs of interest rates easing, with inflation howering over 5%.
Those who have taken loans may just want to sell of their flats to get rid of hefty installments (black and white mix will keep genuine buyers still at bay, till the component of white increases).
5)Builders delaying completion of new apartments to create artificial shortage and meet demand with supply, at the same time trying to increase prices. This may not last for long as the debt of such builders will increase further. Many builders resorting to IPOs to pay off their debts. This is creating another artificial boom in the real estate stock prices (trading at a P/E ratio of over 150, ideal is less than 30). Most volatile sector to be in. Market crash will impact the sector the most, with builders having no other option to raise further money but by making flats available. Also, inflationary hikes will increase building costs. Stock market will see a bust in April-May timeframe.
6) Not many real commercial complexes coming up in Gurgaon, as such number of executives not likely to increase at more than 10%. With supply expected to increase, demand expected to decline (both new homes and rented homes), both rental prices and new home as well as existing home prices will decline by 15 to 20%.

[ Parent | Reply to This ]

Malik Boss (none / 0) (#1)
by Unregistered Visitors on Sun Nov 05, 2006 at 10:43:50 PM EST

You have become a famous personality in Gurgaon Scoop. Super Star !

Keep up the good work. The prices should keep on increasing as Malik Boss says. Let me Know if I can do anything to help

[ Reply to This ]

Kiss A... (none / 0) (#3)
by Unregistered Visitors on Thu Nov 09, 2006 at 09:38:26 PM EST

Mr. Malik sounds like a dalla. And now I see that dallas now have fans too. Arre bhai, it is time for gandhigiri and not chamchagiri.

If the Gurgaon real estate price can go up because Mr. malik wishes and you help, we will all be billionaires (sorry, trillionaires) soon.

Should I leave my regular job so that I have enough time to roll in all the dough that I will make with my Gurgaon real estate?

[ Parent | Reply to This ]

Real State bubble (none / 0) (#5)
by Unregistered Visitors on Tue Dec 19, 2006 at 12:06:37 AM EST

In my opnion real state boom will over soon...in Gurgaon, because are the following reasons.

a) Home loan rates are increasing...and expected to touch 11% (not joking it is already 9.75-10%)
b) Middle class workers are not in the position to buy flat cost around 50L irrespective of salaries.
I am in BIG Company and having contacts in the good brand names. In IBM most of my friends drop idea to purchase home here and now they are purchasing in their HOME TOWN..so that they can take benefit for both ...1) Home loan interest and 2) HRA.

3) We all know that land is available in GGN but rates are artifically hiked by builders and NRIs.

I want to share one incident one of my known have shop in sector 14 now he wants to sell it off and wanna go to his native place..when he went to property dealer the price have been told to him around 70L when he agreed no buyer id ready to buy it from last 6 months he is just waiting for a dream buyer..and I am sure he will not get it ..never get it.

The simple reason is that shop can not give return of 70L cost.

I know SS Group the builder still have some floors left in Paladeans and selling around 53L and i know how much diffculties facing to get the customer.

Man 50L is not the small amount.

4) The most imprtatant factor is lack of services GGN do not have sufficient electricity,security,hospital facility...etc.

[ Parent | Reply to This ]

Business Ethics (none / 0) (#6)
by Ron on Fri Feb 16, 2007 at 10:46:42 PM EST

It is upto a person, and his/her perception and experience in dealing wit different dealers.

Of course the are to make money, but if they do not make money with business ethics, then that is problem and you would prefer to avoid that dealer.

Please read my experience below:
In this world of transparency and advancement of technologies, there are people dealing with outside world and understand what is going on and change their business approach to achieve their objectives of making profits and developing customer relationships.

There are few people who just don't want to understand. These parochial people are under illusion that their practice is the only way of making money and turn blind eye to the changing business environment.

One such guy is Madan Dhingra running his real estate business under the firm name as PRUTHI DHINGRA PRPPERTY DEALERS, located on or about plot number 712 in sector 46, Gurgaon.

I live in USA and happened to visit his office in December 2006, for less than two minutes to ask about the location of my plot number 707, which is in the same row. With in two weeks he got my address from HUDA and dropped me a letter at my USA address. Meanwhile I have been trying to sell my plot directly through listing on anandproperties.com. I happen to have seven+ queries and none of them responded after visiting the plot site. I got suspicious and tried to contact the potential buyers and I was told by these contacts (customers) that this guy Madan Dhingra, by virtue of his office located just 4 plots away from mine, has been misguiding the potential customers that the location is not good, The rate has been quoted to those potential customers by me, keeping in mind the location.

I have been trying to sell my plot through my friend since 1987, who happens to be broker. This person has been offering him (my friend) ridiculous prices. I called him from USA last week that not to interfere in my transaction, as I would not be able to do business through him and advised him not to call my friend at least about my plot. This guy is such a shameless creature and called my friend and told him astonishing stories that I have been bad-mouthing my own friend. I don't think that such an uncivilized person can be trusted. If he cannot make few thousands rupees on my plot (Which I never listed with him for selling to begin with), he would turn out to be such a mean person.

Some readers might find this story interesting and would benefit from these facts and be aware of such type of people.

Feel free to post your critic views, if you would like.

Thanks,

[ Parent | Reply to This ]

Your plot in gurgaon. (none / 0) (#12)
by elgiva on Tue Aug 07, 2007 at 09:36:31 PM EST

Dear Ron,
Read your article and was interesting as i too am facing the same from most of the property dealers as they tell such unrealistic prices to nri's thinking they have some kind of gold pothole(s) in their backyards! Its a shame if you ask me. I've been looking for a plot in gurgaon for a long time now and due to such unreasonable quoted prices that i'm not able to buy anything as they are just out of my reach simply.
On this note can i ask if you still have this plot available and would like to sell it? You can directly send me an email on elgiva.mathews@gacworld.com for an immediate response.
People like you do make us realise that we must not giveup against these brokers and hold on till we get the right opportunity / offer which we can afford not the one which is being pushed to us so that they make their bread/butter/jam and what not!
Best regards,
Elgiva Mathews

[ Parent | Reply to This ]

It happens all the time (none / 0) (#9)
by PS on Fri Feb 23, 2007 at 11:54:23 AM EST

It is unfortunate but it happens all the time in our country. I have seen property dealers in Delhi itself trying to badmouth my property to potential buyers just because I refuse to user "their services". Basically the mentality of some property dealers is like "either the seller goes through me and pay me a cut or he won't be allowed to sell his property". I must add that no low is too low for some of these property dealers.

I believe there is no reason why a person should not be able to sell a property without a thug-cum-property-dealer. You just have to get a decent lawyer to help you with papers.

[ Parent | Reply to This ]

continued (none / 0) (#7)
by Ron on Fri Feb 16, 2007 at 10:57:38 PM EST

Sorry, What I meant by "since 1987" was that the other guy, who happens to be a Real estate Agent, is my friend since 1987.

[ Parent | Reply to This ]

: List in Times of India & Hindustan Times (none / 0) (#8)
by Unregistered Visitors on Fri Feb 16, 2007 at 11:12:12 PM EST

Broadening your base is the solution. Give continuous ad in TOI and HT for many weeks and people with expected rates and no haggling comments as well as your US number or someone from India ( your parents etc. ) who can negotiate on your behalf.
People won't buy anyone stories and you'll find lot of buyers... One person can't change the market.

[ Parent | Reply to This ]

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Tuesday August 31st
. Online Employment Registration In Haryana (0 comments)
. Haryana Police Housing Corporation To Build Rs. 300 cr Police Line In Manesar, Palwal, And Mewat (0 comments)
. 6 Hospitals To Be Upgraded In Haryana (0 comments)

Monday August 30th
. Price Watch: A Weekly Comparison Of Prices Of Essential Food Commodities On Sale At Kendriya Bhandar (0 comments)
. In Spotlight: Haryana's Land Acquisition Policy (0 comments)
. DDA Work Leaves Road Full Of Potholes (0 comments)
. Haryana School Children To Get CWG Holidays Oct 8-13 (0 comments)

Sunday August 29th
. Haryana Govt Constituting Special Health Teams For CWG (0 comments)
. Available For Rent 3BR+Study In Orchid Petals, Sohna Road (0 comments)
. Buyer Can Opt Out Of Housing Project If Possession Is Delayed (0 comments)
. No Entry For Haryana Auto's In Delhi..... (0 comments)
. Delhi Transport Department Wants 'Metro Ring' On The Lines Of Ring Road... (0 comments)
. DDA Offers Rare Opportunities For Reserved Categories (0 comments)

Saturday August 28th
. After BlackBerry, Govt Turns Heat On Internet Service Providers (ISPs) (0 comments)
. Fed Up, Gurgaon Seeks `Minimum City' Tag (0 comments)
. Only Road To CWG Shooting Venue Washed Away (0 comments)
. Rahman Rocks Gurgaon, C'wealth Games Theme Track Unveiled At Kingdom of Dreams (0 comments)
. Games Cycling Event On Track With Short Stretch (0 comments)
. NRI Alleges He Was Tricked By Builder,He Was Sold Mortgaged Property 4 Yrs Ago,Builder Denies Claims (0 comments)
. Empire Of Corruption (0 comments)
. Pay More For Get Power In Peak Hour... (0 comments)
. HSIIDC Ropes In Pvt Players For Three Projects (0 comments)
. New Haryana Scheme To Promote Sports (0 comments)
. New DTC: SEZ Sops May Continue Till 2014 (0 comments)
. New Stations Ready, Dwarka Set To Connect With IGI (0 comments)

Friday August 27th
. Govt Gives You A Raise: Cabinet Nod To Restructuring Income Tax Slabs (0 comments)
. Sought To Make Shift Master Plan Road... (0 comments)
. Delhi-Rewari Train Route Prepare For Commonwealth Guests.... (0 comments)
. Property Statements Are Not 'Confidential' Info: CIC (0 comments)
. No Extra Tax For Autos, Taxis In NCR (0 comments)
. Stadia Still Not Game For Games (0 comments)
. Trial Run For CWG Lanes To Begin Next Week In Gurgaon (0 comments)
. SBI Not To Hike Rates For Now (0 comments)
. Investment In Real Estates To Touch $300-bn In The Current Year (0 comments)

Thursday August 26th
. Catch Your's Truly Sanjay, Editor Of this Website, On Zee Business' MoneyGuru Aug 26, 2010 @7:30 pm (2 comments)
. Builders Selectively Return To Launch Projects, Buy Land In Small Cities (0 comments)
. Ansal API Plans Rs 400 Crore QIP In Next 15-20 Days (0 comments)
. US Property Sales Drop Spreading Concern That Economic Recovery Is Slowing (0 comments)
. Realty Remains A Dirty Word For Regulators (0 comments)
. Chattarpur Station To Open Today, Addition To Gurgaon Line, Delayed Due To Land Acquisition (0 comments)

Wednesday August 25th
. Haryana Regularised 105 Illegal Religious Structures (0 comments)
. National Highways Authority Of India To Launch Toll-Free Number (0 comments)
. North Delhi To Gurgaon By Metro Next Week (0 comments)

Tuesday August 24th
. Gurgaon Shopping Festival From September 27 (0 comments)
. GoM Defers Decision On Greater Noida Airport (0 comments)
. A Road Safety Campaign In Haryana Soon (0 comments)
. Foreigners May Get To Set Up Limited Liability Partnerships(LLPs) In Sectors Open To FDI (0 comments)
. Rain, Rain, Save Face And Come Again Hunt For `Excuse' To Defer Games (0 comments)

Monday August 23rd
. Investors Prefer Realty Market Over MFs For Quick Buck (0 comments)
. Rs 774.10 Crore For Strengthening Of National Highways in Haryana (0 comments)

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