Its now more than 18 months since this talk published . According to Mr Puri we were to see more of Affordable housing...nothing substantial happened. He also mentioned about environmental concerns...the situation is becoming worse because proposed EIA notification will only encourage destruction of fragile environment. But the fundamental issue is not addressed - superficial land values and its speculation! If land values are rationalised, then construction cost is always within everyones’s reach.
When someone buys anything he knows what is he getting in quantity, quality and can compare it in anyother place, product, price but in realestate one is taken for a ride. No transparency, affordability to income, no proper feedback and complaint redressals, too much paperwork (even then also no gaurantee of safety and protection)and is very localised. That is problems, problems, problems.
Dear Anuj Puri you didnt talk about price to rent ratio of mumbai , Mumbai rental is cheapest in the world v/s property price is higest in the world if you calculate , Interest on property , society & flat maintenance , taxes , vacancy among change of renter return will be defiantly negative and renter staying almost free , 1st thing 1st why should any one ever think to buy flat when he can almost stay @1% per year without any headache + there is always hanging sword of property crash why bloody take so much risk ? this mumbai market going to crash heavily and it will stable near price was on 2007/8 now no body can save this market
Exactly. Many people in india still dreaming Modi will go and everything will be back to normal. No one is ready to analyse 2001-2007 irrational/unsustainable real estate growth/mess. Except IT/ITES every sector was revolving around this fake real estate glory and things were taken for granted. I feel 2005-2006 price for residential and 2004-2005 price for commercial RE is hardly manageable in today's economic state of india.
Does it mean the investor is willing to take a loss on return expected on investment f the rent per month recvieved is much lower than the interest or appriaciation rate
Real estate has dropped by 12% when a man owns a property he can flip the property or he knows that whatever price he put people are willing to pay to stay in Mumbai
I really thnks anju sir....to give all of us positive support to once again startup our dreams with good faiths ..with lots of happiness &success....i really think our real estate work will really workout in current tension situation...only i request to our govt polices +local bodies support +banking +fianical services to support our real estate families....project any legal terms aee balance to give soon as approvals...banking interst rates to be less .major focous to complete as soon as infra developments + water ways +create commerical oppurnites +job creations...only real esttate boost all industries...be one work as team ....help each other in any way any sources. &i pray to god from all of my families we will win &aways be winner.for ever &ever...
Billionaire Tim Draper - $250k a Bitcoin, 2022 year end Stock-to-flow model by Plan B - $288k Bitcoin, 2021 year end Citibank - $318k Bitcoin, 2021 year end Scott Minerd from Guggenheim - $400k Bitcoin JP Morgan - $600k Bitcoin.
If the necessities are food ,clothing & shelter what do we find poor farmer grows it every thing is between 20 to 100 Rs per kg Clothing poor powerlooms provide it and available starting fron 25 rs per meter When can i say this about shelter how much is down the speculators pocket Sure if we allow the same in food and clothing Sure we would have adams and eves roaming the streets and no apples to eat Sins asside economy needs thinking
Its now more than 18 months since this talk published . According to Mr Puri we were to see more of Affordable housing...nothing substantial happened. He also mentioned about environmental concerns...the situation is becoming worse because proposed EIA notification will only encourage destruction of fragile environment.
But the fundamental issue is not addressed - superficial land values and its speculation! If land values are rationalised, then construction cost is always within everyones’s reach.
Correct! and how true is the statement that only 4% own the flats? i believe you are an architect.
but inflation is going out of hand so does everything with it. so its not speculation but reality most of the times.
Ready to move in apartments with NOC with minimum 60% to maximum 75% reduction in prices is the only way to revive Mumbai real estate.
When someone buys anything he knows what is he getting in quantity, quality and can compare it in anyother place, product, price but in realestate one is taken for a ride. No transparency, affordability to income, no proper feedback and complaint redressals, too much paperwork (even then also no gaurantee of safety and protection)and is very localised. That is problems, problems, problems.
He knows what he is talking... We need more like him.
All talks 😃
@@cyberstud0074 you mean he only talks
@@cyberstud0074 agree
A Very Accurate for the Industry. Thank you Sir.
Dear Anuj Puri you didnt talk about price to rent ratio of mumbai , Mumbai rental is cheapest in the world v/s property price is higest in the world if you calculate , Interest on property , society & flat maintenance , taxes , vacancy among change of renter return will be defiantly negative and renter staying almost free , 1st thing 1st why should any one ever think to buy flat when he can almost stay @1% per year without any headache + there is always hanging sword of property crash why bloody take so much risk ? this mumbai market going to crash heavily and it will stable near price was on 2007/8 now no body can save this market
Perfect Analysis
But the reality is price have not dropped yet, one of my friends bought a 2 BHK in central suburb of Mumbai for 1.75 crore today
Exactly. Many people in india still dreaming Modi will go and everything will be back to normal. No one is ready to analyse 2001-2007 irrational/unsustainable real estate growth/mess. Except IT/ITES every sector was revolving around this fake real estate glory and things were taken for granted. I feel 2005-2006 price for residential and 2004-2005 price for commercial RE is hardly manageable in today's economic state of india.
Does it mean the investor is willing to take a loss on return expected on investment f the rent per month recvieved is much lower than the interest or appriaciation rate
Real estate has dropped by 12% when a man owns a property he can flip the property or he knows that whatever price he put people are willing to pay to stay in Mumbai
Wonderful insights. The due diligence may help as there will be more affordable houses. Thanks to people like you.
So should anyone try to do reasl estate business and if yes how?
Very detailed analysis. Thank you.
I really thnks anju sir....to give all of us positive support to once again startup our dreams with good faiths ..with lots of happiness &success....i really think our real estate work will really workout in current tension situation...only i request to our govt polices +local bodies support +banking +fianical services to support our real estate families....project any legal terms aee balance to give soon as approvals...banking interst rates to be less .major focous to complete as soon as infra developments + water ways +create commerical oppurnites +job creations...only real esttate boost all industries...be one work as team ....help each other in any way any sources. &i pray to god from all of my families we will win &aways be winner.for ever &ever...
Women leaders like chanda khocher or sudha sharma. Men are better bet
So how does RERA becomes the saviour??
India needs social security
Anyone here follows Kris krohn?
Of course! He is too good...
Anujpuri started to invest in UAE real estate
Nice
RERA ..????? really affeted broker / builder
Billionaire Tim Draper - $250k a Bitcoin, 2022 year end
Stock-to-flow model by Plan B - $288k Bitcoin, 2021 year end
Citibank - $318k Bitcoin, 2021 year end
Scott Minerd from Guggenheim - $400k Bitcoin
JP Morgan - $600k Bitcoin.
one among the root causes of turmoil in this world you want introduced?
Was that a 9 minutes long advertisement?
Advertisement on behalf of Real estate developer association of Mumbai.
I fking like this man thoughts
I want to meet you sir.
Women we need surely.
Hiii
Did he know about Corona?
Did you know this video was made 2 years ago and corona lockdown came in 2020
@@randomhuman3862 Now it's 2023, how is the situation now?
Era of Corporate goons!
And than Covid-19 happened.
Anuj puri Anna rock is the most unethical company of real estate
Anna rock- "we make fake promises"
Abolish Real Estate business to save the Earth.
If the necessities are food ,clothing & shelter what do we find poor farmer grows it every thing is between 20 to 100 Rs per kg
Clothing poor powerlooms provide it and available starting fron 25 rs per meter
When can i say this about shelter how much is down the speculators pocket
Sure if we allow the same in food and clothing
Sure we would have adams and eves roaming the streets and no apples to eat
Sins asside economy needs thinking
Hahaha....one of the biggest employer...so we will abolish it
@@vijayanand1997 they can find employment in farm fields.
@@tbraghavendran already paying taxes to help them... Non profitable....please look at Sri Lanka policy... Not even as drastic as this...
🙏🙏🙏🙏🙏
You are negative and complane behaviour people with over confidence on own thoughts.