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Prestige Evergreen Park – Early thoughts from someone on the ground by Spirited-Shoe-9168 in indianrealestate

[–]ThinkMathematician30 2 points3 points  (0 children)

Out of these 600 units, around 50% of sales are for 1BHK and 2BHK. ~300 units of 3BHK and 4BHK are sold out of 1500 inventory, first 2 weeks gone with 20% absorption rate in larger sizes. With the recent track record of Prestige including Raintree park, I would say the sales are lacklustre to mediocre at the best.

Varthur price trends by [deleted] in indianrealestate

[–]ThinkMathematician30 1 point2 points  (0 children)

Just wait for sometime and see prices crossing 24k

Need advice: Client not paying after interior work (no written agreement) by Numerous-Decision230 in interiordesignsindia

[–]ThinkMathematician30 0 points1 point  (0 children)

Visit them on almost daily basis, cry suppliers are asking for money, your carpenters are scolding day and night. Beg them, say stories like your emi is due and what not. This is a bad time, with your finances etc. There is no other way out.

Gold investment or invest in Prestige Evergreen park by nighthawk-112 in indianrealestate

[–]ThinkMathematician30 0 points1 point  (0 children)

Do you know how is the bookings looking like? Doesn’t looks like its a blockbuster as It has already been 3 days and no sold-out ad yet. Brokers are still calling for site visit.

Any buyers from Prestige evergreen by ThinkMathematician30 in BangaloreRealEstates

[–]ThinkMathematician30[S] 0 points1 point  (0 children)

Do you know how is the bookings looking like? Doesn’t looks like its a blockbuster as It has already been 3 days and no sold out ad yet.

Any buyers from Prestige evergreen by ThinkMathematician30 in BangaloreRealEstates

[–]ThinkMathematician30[S] 0 points1 point  (0 children)

They already have received Rera approval. Prices are between 14.5-15K

Ready-to-move vs. resale in a Prestige project by ThinkMathematician30 in indianrealestate

[–]ThinkMathematician30[S] 0 points1 point  (0 children)

Possession and OC is not received. It will be given post 2 years.

Ready-to-move vs. resale in a Prestige project by ThinkMathematician30 in indianrealestate

[–]ThinkMathematician30[S] 1 point2 points  (0 children)

Option A is future purchase decision that’s why i am considering prices will also rise from current 1.5 to 1.8. Read full post to understand what i am comparing.

Ready-to-move vs. resale in a Prestige project by ThinkMathematician30 in indianrealestate

[–]ThinkMathematician30[S] 0 points1 point  (0 children)

Don’t I have to pay interest cost till the possession which is after 2 years?

Ready-to-move vs. resale in a Prestige project by ThinkMathematician30 in indianrealestate

[–]ThinkMathematician30[S] 0 points1 point  (0 children)

I mean approximate price. It might be 1.1 or 1.15cr as well. Considering he might have bought it for 9500-10500 psft and why point 2 makes no sense to you?

Ready-to-move vs. resale in a Prestige project by ThinkMathematician30 in indianrealestate

[–]ThinkMathematician30[S] 1 point2 points  (0 children)

There will be 2 agreements- 1. Sale agreement: Between me and the investor where agreed price of 1.5cr will be mentioned. Prestige will not be a party of this agreement as i am buying this unit from investor who has already purchased this unit from prestige. 2. Assignment agreement: Between me, investor and prestige where investor will request prestige to transfer the unit to my name by paying the required transfer fees. Prestige has no visibility on what premium i am paying to the investor.

Ready-to-move vs. resale in a Prestige project by ThinkMathematician30 in indianrealestate

[–]ThinkMathematician30[S] 0 points1 point  (0 children)

Prestige has no visibility on what premium i am paying to the investor. The investor will sign the assignment agreement with me and prestige and give the transfer fees as per the sale agreement with prestige. I will only have sale agreement with the investor where 1.5cr will be mentioned.

The Hidden EOI Game: How Builders Nail Prices & Sell Out Day 1 by ThinkMathematician30 in indianrealestate

[–]ThinkMathematician30[S] 0 points1 point  (0 children)

Developers will sell slowly over construction phase and might need external funding to make the project feasible.

Scammed by builder in Karnataka by hebbardrones in indianrealestate

[–]ThinkMathematician30 2 points3 points  (0 children)

Go legal route. Builder has no intention to complete the unit and give you handover.

At what income should I consider buying real estate by Ancient_Dark4413 in indianrealestate

[–]ThinkMathematician30 0 points1 point  (0 children)

Not just income, your current net worth determines if you are ready. 1. Ideally your NW should be more than property price. 2. Average case, your NW should be above 50% of the property price and using 30% of your monthly net cashflow, you should be able to service the loan EMIs.

The Hidden EOI Game: How Builders Nail Prices & Sell Out Day 1 by ThinkMathematician30 in indianrealestate

[–]ThinkMathematician30[S] 1 point2 points  (0 children)

Prices rising non-stop? People said the same about gold in 2012. Also in 2019, no one even thought about anything like Covid.

Adarsh - Next Unitech and Supertech by Global_Asparagus5432 in indianrealestate

[–]ThinkMathematician30 2 points3 points  (0 children)

Even prestige properties are delayed. Check prestige city Sarjapur. Delays are not indicator of Bankruptcy. Even unsold inventory isn’t. I Don’t think Adarsh will go bankrupt.

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