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Dear ck.kislay,
You are subscribed to the thread "Real Estate Bubble Set to Burst Again in India" by MANOJa, there have been 12 post(s) to this thread, the last poster was raabta.
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/gurgaon-real-estate/13876-real-estate-bubble-set-to-burst-again-in-india
These following posts were made to the thread:
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/gurgaon-real-estate/13876-real-estate-bubble-set-to-burst-again-in-india
Posted by: humblefool
On: July 11 2017 09:03 AM
[QUOTE=flatowner2;n2532428] don't trust these desi chop shops, now a days I have seen in linkedin many employees of crapgemini r asking for job from consultants and ready to join immediately and ready to relocate to any city.[/QUOTE] [FONT=trebuchet ms]This is the work culture in IT since it existed. What is new here? Mobility is considered to be a positive thing, not a negative thing.[/FONT]
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/gurgaon-real-estate/13876-real-estate-bubble-set-to-burst-again-in-india
Posted by: ggnhomeowner
On: July 11 2017 10:13 AM
[QUOTE=suwonguy;n2532427] [B] Salaries in Gurgaon is way below Bangalore plus the number of job opportunities, number of jobs with higher positions, higher salaries are no where comparable to Bangalore.... I have worked in both Gurgaon and Bangalore as well as abroad...Of course it depends on person to person, For someone in Gurgaon 15-25Lakh CTC per annum might be higher but I consider it as too less...Bangalore can easily offer upwards of 50 Lakh+... About other types of jobs in Gurgaon, manufacturing had always less salaries(except very handful of people at very high position)... For black money parking, Gurgaon received substantial amount of black money...I have seen first hand that in sector 56, so many of apartments were purchased by clerks, babus, bureaucrats of delhi govt. department with their black money...They were not ready to make any rental agreement and were taking rentals in cash... Ask anybody who has lived in Gurgaon in last 10-15-20 years back, Gurgaon was always a hub of low paying jobs of call centre, back office jobs, support jobs...Even till today, it is no where nearer to Bangalore...[/B] Only recently few ecommerce companies flushed with investors money have thrown some money to employees but those companies are still not profitable and can close shop anytime... About number of houses in Gurgaon, I think there is surplus in Gurgaon and lots of stock is unsold and it will take many years to clear those unsold inventories...[/QUOTE] For similar job profiles, Gurgaon salaries are higher, ask any HR person, they will dispel your notions. Just as Mumbai salaries are higher for the same job profile as compared to that of Delhi. You are basing your idea about entire Gurgaon on what you saw in Sector56 where it is pre-dominantly group housing societies, similar to Dwarka in Delhi. These hardly used to cost anything 20yrs back, just a few lakhs when most of the clerks, babus etc bought. Even later, these were the easiest to consume cash, due to the huge price differential that was there due to substantial increase in the valuations. They have increased 20-30times in price since then. This is the reason these fell in value due to demonetisation, since cash got restricted. There is hardly any surplus in Gurgaon, the moment a good complex is ready, it gets occupied. Problem is trust deficit, due to the severe delay and quality issues of a lot of the developers, wherein fresh buyers wait until the project is ready to buy. If it turns out to be a badly constructed project, then obviously there aren't going to be many takers for them despite completion. Then people who bought for investment are going to get stuck. Gurgaon shed its tag of poorly paid back office centre long back, and moved up massively. Looks like you are still living in the past.
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/gurgaon-real-estate/13876-real-estate-bubble-set-to-burst-again-in-india
Posted by: ggnhomeowner
On: July 11 2017 10:23 AM
[QUOTE=futuristic 7;n2532426] Hahaha...Dude i think i have already explained thousands of time that i am not in love with GGn like you do...and thats good i mean if you love your city thats perfectly okay , i have no inferiority complex even if i will shift to Palwal or Dharuhera( though i wont do so ) . By the way there is nothing Vibrant these days in Both real estate sector and Gurgaon, both are ready to face some real challenges in near future.. Both will survive, but have to correct the way they work , the way price was rising was insane so both of themselves will gradually have to correct themselves. Vibrant is - Gujrat( Dholera Smart City) Bangalore( Steeling away IT Sector From NCR,Big Companies like Google and Apple are ready to invest there ) Faridabad( With Proposed Massive connectivity in Near future via Metro, Rail Road and now Airways , thats why government has chosen Faridabad as smart city in Haryana, and ignored the Artificial GAON of NCR .) GURUJAAM is Not at all Vibrant ...[/QUOTE] Did I say that other cities in India are not vibrant...but I am not interested in a place where I need a license to have a chilled beer in the evening. If Gurgaon was not vibrant, not sure why people from Delhi, Noida, Faridabad etc flock to Gurgaon for hanging out after office hours! Faridabad was chosen for Smart City (which in itself does not mean much) because it cannot become smart on its own. Gurgaon will using its own funds for it. Gurgaon already has the connectivity that you are talking about, and more being added. Suggest you check the latest report as per the National Housing Bank, which showed that Gurgaon prices rose in the first quarter, whilst Faridabad, Delhi etc continued to fall. So some places must have increased much more within Gurgaon, to compensate for the stagnating or declining prices elsewhere in the city.
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/gurgaon-real-estate/13876-real-estate-bubble-set-to-burst-again-in-india
Posted by: ggnhomeowner
On: July 11 2017 10:38 AM
[QUOTE=suwonguy;n2532441] People from Noida, Ghaziabad, Delhi also travel to Gurgaon for job as they are settled in those locations for generations/decades and they dont want to move out from those places as they have social circle, family, relations, friends, school going children and so on...For outsiders who do not have any attachment to any place, they are highly mobile and can move easily from one place to another...Those who are boasting of Gurgaon Infra, are forgetting that even a slight rain leads to huge traffic jam, roads fully submerged under several feet of water levels with crawling traffic, power cuts etc...Gurgaon as I know does not have any proper public transport till date (except for Metro in 2-3 places)...Faridabad, I have no idea as I never lived there or visited there...[/QUOTE] You hardly know Gurgaon then. A few places the infrastructure issues were definitely there, these are being rectified. Last year was quite bad. But this time have hardly had any issues as such. Only a few spots got submerged last year, and needless to say they made worldwide headlines. But in most of the other places there was no water logging. Some of the DLF/Sushant Lok areas are notorious though for this, as the developers never built proper drainage there. Next big area for water logging is beyond Golf Course Extension road, which used to be the main rain catchment area and now has plenty of apartment complexes. Water will find its level, and these areas will always remain prone to flooding. The problem that people often fail to comprehend is that nearly 3L vehicles pass through NH8 everyday. With the other roads to ease this burden are not ready yet, if there is any breakdown or waterlogging, then huge jams will be there within minutes. That is why it was top priority of the government to ensure that it doesn't happen again, and they have made substantial progress on this. Where else have you heard of flyovers being ready within 9 months of starting work on them? By August end this year, there is going to be a vast improvement in the traffic flows. The people who are settled in a place for decades are not going to move, that's a given. One should not even expect them to shift. It is the people who are shifting from outside due to the ever increasing job market here. Once again Gurgaon has taken a major share of the office leasing in the entire NCR area in the last quarter. People can keep giving justifications/reasoning that its more expensive in Gurgaon, but still companies are taking up offices on either long term leases or purchases here. The latest report on this by one of the biggest MNC real estate consultancy groups might be an eye opener for those who think otherwise.
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/gurgaon-real-estate/13876-real-estate-bubble-set-to-burst-again-in-india
Posted by: ggnhomeowner
On: July 11 2017 10:44 AM
[QUOTE=PappuPilot;n2532440]Once a long time resident and my acquaintance from Noida said to me - apartment units in Noida is what you have in Gurgaon classified as affordable housing! :) Of course he must be exaggerating! Btw, Gurgaon does have many big corporate offices and not just call centres. Smaller software product or consulting companies find Noida attractive though.[/QUOTE] Lol...no, actually your friend is quite right. With higher FAR/density allowed in Noida (same as affordable in Gurgaon), its very high density development there, leading to smaller apartments and lesser open spaces. Plus the tastes are also quite different. As some developers of Noida who came to Gurgaon have found out the hard way, that what they were selling as luxury in Noida makes it to only mid level in Gurgaon.
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/gurgaon-real-estate/13876-real-estate-bubble-set-to-burst-again-in-india
Posted by: Bharatiya
On: July 11 2017 12:40 PM
Someone calling Faridabad as Vibrant...hahahaha
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/gurgaon-real-estate/13876-real-estate-bubble-set-to-burst-again-in-india
Posted by: raabta
On: July 11 2017 01:05 PM
Lol * vibrant faridabad.....that is Gujarat my friend ....not faridabad!
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/gurgaon-real-estate/13876-real-estate-bubble-set-to-burst-again-in-india
Posted by: raabta
On: July 11 2017 01:08 PM
[B]"Only a few spots got submerged last year, and needless to say they made worldwide headlines. " Hahaha....what amazing defense....you should be in govt sir.[/B]
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/gurgaon-real-estate/13876-real-estate-bubble-set-to-burst-again-in-india
Posted by: raabta
On: July 11 2017 01:13 PM
My 2 cents (not that anyone is asking, but anyways) I love gurgaon. My only fear is that it might be caught in playing catch up with growth for times to come, similar to delhi. The infrastructure development seems to be an afterthought after demand explodes. This leads to a backlog of projects and people suffering while development takes place. Yesterday, went through GC road after a long time, was amazed at the quality of skyscrapers built. At the same time, there was too much construction and no greenary. As long as the environment sustainability is given a priority and basic amenities like sewer, water are taken care off, GGN is simply amazing.
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/gurgaon-real-estate/13876-real-estate-bubble-set-to-burst-again-in-india
Posted by: krgopalan
On: July 11 2017 10:50 PM
[url]http://m.economictimes.com/news/politics-and-nation/how-many-people-are-there-in-india-read-this/population-growth/slideshow/59545856.cms[/url]
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/gurgaon-real-estate/13876-real-estate-bubble-set-to-burst-again-in-india
Posted by: futuristic 7
On: July 11 2017 11:04 PM
[QUOTE=raabta;n2532638]My 2 cents (not that anyone is asking, but anyways) I love gurgaon. My only fear is that it might be caught in playing catch up with growth for times to come, similar to delhi. The infrastructure development seems to be an afterthought after demand explodes. This leads to a backlog of projects and people suffering while development takes place. Yesterday, went through GC road after a long time, was amazed at the quality of skyscrapers built. At the same time, there was too much construction and no greenary. As long as the environment sustainability is given a priority and basic amenities like sewer, water are taken care off, GGN is simply amazing.[/QUOTE] Hahaha.. don't worry Friend , No need to have any sort of "Fear" about the city, as we all know its mellenium city with a certain class with amazing Skyscrapers.. Which city in Ncr has the caliber to compete it? Though New Airport, Malls, societies, hospitals, educational institutions are coming up , moreover government is planning for 100% FDI in Realty Sector making it easy to have newely constructed massive Skyscrapers in Abundant Land availability of NCR * certain region...but how does it affects Gurgaon? afterall Gurgaon will remain Gurgaon.. Its a cool place to Hangout with your friends and Family..no need of Environmental Sustainability..who needs water ? we drink beer,we Save water alot..We don't need Taps at our home :bab (51):
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/gurgaon-real-estate/13876-real-estate-bubble-set-to-burst-again-in-india
Posted by: raabta
On: July 12 2017 01:34 AM
[QUOTE=futuristic 7;n2532969] Hahaha.. don't worry Friend , No need to have any sort of "Fear" about the city, as we all know its mellenium city with a certain class with amazing Skyscrapers.. Which city in Ncr has the caliber to compete it? Though New Airport, Malls, societies, hospitals, educational institutions are coming up , moreover government is planning for 100% FDI in Realty Sector making it easy to have newely constructed massive Skyscrapers in Abundant Land availability of NCR * certain region...but how does it affects Gurgaon? afterall Gurgaon will remain Gurgaon.. Its a cool place to Hangout with your friends and Family..no need of Environmental Sustainability..who needs water ? we drink beer,we Save water alot..We don't need Taps at our home :bab (51): [/QUOTE] U forgot to mention JOBS! The most important point. Apart from being a factory worker, what jobs are in vibrant faridabad?
With warm regards,
Team IREF
With warm regards,
Team IREF
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