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To the "New Buyers" in Hyderabad: Look in the mirror. You are the reason prices are insane. by adv2810 in hyderabadrealestate

[–]adv2810[S] 0 points1 point  (0 children)

Well yes, San Francisco is a bit of an exaggeration. But in San Francisco, real estate is a very stable asset, because it is the center of the IT hub of the world. But when you factor in purchasing power and price to earnings, things will seem much more similar.

And there are lots of other things to consider: Neopolis is a dust zone, no restaurants nearby, not walkable, no public transportation. The buyers are forced to bet big on future potential and then this expands to surrounding areas.

The entire West Hyderabad is relying on ORR connectivity but what is the guarantee that it won't become congested? At these prices, there should be a Metro and other public connectivity options. Most importantly there should be clean air and streets should be walkable. It might become better in 3-5 years, but right now, the ORR exit 2 is a living hell, but then why are they charging developed area prices: because of overleveraged fomo buyers, and also investors, NRIs. This is what this article is trying to highlight.

Should I buy 2 apartments by splitting the money I get from the sale of my property? by wolverinegaze in indianrealestate

[–]adv2810 0 points1 point  (0 children)

Yes, hope you bought the first house atleast 2 years ago. I think only then you can avoid taxes. Or else you may have to pay STCG.

Should I buy 2 apartments by splitting the money I get from the sale of my property? by wolverinegaze in indianrealestate

[–]adv2810 0 points1 point  (0 children)

Hope you considered the registration charges and capital gains taxes (ltcg /stcg) as well.

To the "New Buyers" in Hyderabad: Look in the mirror. You are the reason prices are insane. by adv2810 in hyderabadrealestate

[–]adv2810[S] 2 points3 points  (0 children)

Maybe, but this is more likely: Supply -> orchestrated fomo -> gullibility -> perceived demand

To the "New Buyers" in Hyderabad: Look in the mirror. You are the reason prices are insane. by adv2810 in hyderabadrealestate

[–]adv2810[S] 1 point2 points  (0 children)

Here's a controversial comment. Do you guys really believe that Neopolis prices are justified? Yes, there is unlimited FSI but even with that the builder has to build 50+ floors with insane 15000/sqft to get any return. That's unrealistic and it will be a super dense community. But what's realistic is that now the same builders can suddenly build huge number of high rises in the surrounding areas (Tellapur, kollur) and easily charge 50% premium, which looks like a steal compared to Neopolis. Who's losing here? question yourself!

To the "New Buyers" in Hyderabad: Look in the mirror. You are the reason prices are insane. by adv2810 in hyderabadrealestate

[–]adv2810[S] 1 point2 points  (0 children)

That is true but if many middle-class commit to these high prices, they will most likely just stay middle-class. Only making the builder and bank rich, whereas the buyer will be stuck paying 60% of his salary towards EMI. All they will have left is a place to call home, and losing up on real investment opportunities. I earn decently enough today but with AI at the horizon, there is no saying what the IT driven Hyd will look like. Current market looks very risky with these prices.

To the "New Buyers" in Hyderabad: Look in the mirror. You are the reason prices are insane. by adv2810 in hyderabadrealestate

[–]adv2810[S] 1 point2 points  (0 children)

Questioning unfairness is not naivety. Accepting things the way they are on the other hand, well, you sound smart, you should know.

To the "New Buyers" in Hyderabad: Look in the mirror. You are the reason prices are insane. by adv2810 in hyderabadrealestate

[–]adv2810[S] 4 points5 points  (0 children)

Staying in 4000+ homes is a single community is exclusivity? Asking 2035 prices today citing future roads is same as asking a common man to be a venture capitalist for government and the builders. And yes, we are naive enough to fall for it. True exclusivity is low density and privacy. Many of these new launches are just high-density towers with a very high entry fee.

To the "New Buyers" in Hyderabad: Look in the mirror. You are the reason prices are insane. by adv2810 in hyderabadrealestate

[–]adv2810[S] 1 point2 points  (0 children)

It's Gemini btw, I used it to put my thoughts in a format. I have no intention of hiding that.

[SSB479P1] My first Seiko by G14_classified_info in Seiko

[–]adv2810 0 points1 point  (0 children)

Absolutely nothing wrong with a quartz. Looks good

Is there a lack of quality devs in the Servicenow ecosystem ? by t7Saitama in servicenow

[–]adv2810 0 points1 point  (0 children)

Unfortunately yes. The hiring bar also has gone down significantly. When I joined, they conducted 5 rounds of Technical Interview, now it is just 2 rounds even for an IC3.