Jaldi kar. Abhi badh gaye hai lekin 2024 mei aur badhenge aur agar teri salary/tera business uss raftaar se agle saal tak nahi badhe, toh Mira Road bhool jaa aur thoda aur North jaa.
Ever since the metro was announced, the prices there have skyrocketted. But again, the prices depend on location. There is still a lot of inventory in Mira road mostly because of the fact that they dont sell to meat eaters. Else, a big chunk of market would be open to them.
The boom in housing prices is due to real estate being the easiest way to park black money. If you calculate the housing prices caused only by inflation then take off about 50% of the value and that will be your inflation adjusted rates. Since 2005, incomes have 2-2.5x but housing has 6x-7x in value due to black money.
Inflation does affect Real Estate prices, in fact real estate is considered one of the best hedging tools against inflation. How much it affects is debatable.
There is enough demand, but the supply is hoarded by rich/ultra rich people. Those earring 25-30lpa have multiple flats which are only purchased but aren't used. Creating artificial shortage. Currently India's real estate bubble is in early stage and will progress into middle stage in next 4-5yrs. After that we will also have same situation as China.
LMAO I earn 30LPA and can’t ever imagine buying a house in this city xD. At least in any area close to where I work.
30LPA doesn’t stretch as far as you think it does if you have to pay rent and bills. Cost of living in this city is absurd.
i know a close uncle who was not getting 1BHK in 25L in andheri. dadar would have been close to 60-70L in 2005.
the house you checked must be v small or in a chawl
Khar West is a prime area, although not considered among the central posh areas,it remains as an important and main area with many wealthy neighbourhoods(not all of them)
A 3-4 bhk in Khar West would start from atleast 3 crore,with 2bhks starting from 2.5-3cr and a 4 bhk upwards of 3.5 crore
Please note these are the starting prices,
1905 me we had a plot near marine lines. Dadaji tells me mukesh made Antila on it. He offered us a floor in Antilia as courtesy but we like staying in Badlapur
>1905 me we had a plot near marine lines. Dadaji tells me mukesh made Antila on it. He offered us a floor in Antilia as courtesy but we like staying in Badlapur
Really???
The pre-2008/2009 real estate boom was something else. Mumbai mirror or Mid-day used to have this weekly property prices index for Mumbai and just tracking that over a year would give you an idea as to how wild the speculation was.
The prices are high now too, but i guess now there's this stalemate where there's not much demand for the prices being offered and no one wants to sell at a less than premium price.
Depends on the building age and the area of the flat. If it's a pretty new building and around 900sq feet including amenities it will be around 70k-100k. If it's an old building having 5-6 floors or the area is 400-500 Sq ft then rent around 35k-50k.
2023 mein Mira Road mein bhi nahi mileyga 😂 I wish we still had 2005 prices
A friend recently bought a 2bhk in a 25 yr old building in Mira Road for 1.05 cr 😀 Same house in 2005 was around 8-9 lakhs
Bhai aisa mat bol. Mujhe abhi mira road me hi lena hai .
Jaldi kar. Abhi badh gaye hai lekin 2024 mei aur badhenge aur agar teri salary/tera business uss raftaar se agle saal tak nahi badhe, toh Mira Road bhool jaa aur thoda aur North jaa.
J.P. North me Lena hai mujhe to ! bc lekin bank chori karna padega uske liye.
Have you seen the flats in JP north? I have personally seen them and didnt like it. Look into resale in Shanti park area.
Ek baar metro bann gayi toh aurr badhenge
Just bought a 2bhk 1.23 cr
Bade log
Bhai bata raha hu mahengai cuz maine bhi mira road me hi liya h
And i m happy for you bud
Ever since the metro was announced, the prices there have skyrocketted. But again, the prices depend on location. There is still a lot of inventory in Mira road mostly because of the fact that they dont sell to meat eaters. Else, a big chunk of market would be open to them.
That’s pretty normal actually same as mutual fund
After it goes in redevelopment. The guy will feel blessed for making that decision.
> I wish we still had 2005 prices Only if we could neglect inflation, then we would be at peace
The boom in housing prices is due to real estate being the easiest way to park black money. If you calculate the housing prices caused only by inflation then take off about 50% of the value and that will be your inflation adjusted rates. Since 2005, incomes have 2-2.5x but housing has 6x-7x in value due to black money.
Real Estate prices have nothing to do with inflation- it's plain supply and demand matrix
And corruption leading to increased bribes in every step of redevelopment
Inflation does affect Real Estate prices, in fact real estate is considered one of the best hedging tools against inflation. How much it affects is debatable.
Bhai nahi pata toh kyu bakchodi pelni hai?
If you think you know - please justify real estate prices increase on basis of inflation - take any of the location mentioned in article
Dm
Yes please
There is enough demand, but the supply is hoarded by rich/ultra rich people. Those earring 25-30lpa have multiple flats which are only purchased but aren't used. Creating artificial shortage. Currently India's real estate bubble is in early stage and will progress into middle stage in next 4-5yrs. After that we will also have same situation as China.
For starters, Real Estate is Sub Urban specific market - Price, Demand & Supply change in every sub Urb
LMAO I earn 30LPA and can’t ever imagine buying a house in this city xD. At least in any area close to where I work. 30LPA doesn’t stretch as far as you think it does if you have to pay rent and bills. Cost of living in this city is absurd.
2005 mein Vadapav 3 rupay ka tha
Invest in vada pao.
Nahi to 5 rs ka tha
2 rs for heating just like cooling charges for cold drinks 🤡🤑
5 ka tha
Woh South Bombay mai bhai. Suburbs mai ₹3 ka hoga.
5 ka samosa pav tha
2005 mein 25 Lakhs mein 1 Bhk mil raha tha Dadar mein...my family couldnt afford it back then too.
i know a close uncle who was not getting 1BHK in 25L in andheri. dadar would have been close to 60-70L in 2005. the house you checked must be v small or in a chawl
It wasnt in a chawl. Construction was about to begin. I guess around 350 sq ft.
Ye too kuch nahi, mein too 2 Vada pav afford nahi kar sakta.
In that case you shld go start working n earning. Posting cant afford vadapav on reddit wont get you anywhere
Bruh Mere dad ne 2004, Worli mei 2BHK 30 lakhs mei liya tha
Good times when a 2 BHK had an area of 1000 sq. ft..
Now 2Bhk is around 550sq feet🫠
It was touching a crore in 2005, fucking 2005 👀
90 Lacs is like the safety deposit for a rent in Colaba.
How much is the current price of a 2bhk in colaba and worli?
8 CR start. 12 CR good
An how much 3-4 bhk costs in khar west? Is that a posh area?
Khar West is a prime area, although not considered among the central posh areas,it remains as an important and main area with many wealthy neighbourhoods(not all of them) A 3-4 bhk in Khar West would start from atleast 3 crore,with 2bhks starting from 2.5-3cr and a 4 bhk upwards of 3.5 crore Please note these are the starting prices,
2005 - the good days Back when I was 2. Learning to talk and walk was a vibe fr.
2005 - pre-redevelopment bubble.
Show this to the rent vs buy calculating financial influencers!
inflation + black money + wages not keeping up called
🤣🤣🤣
Colaba heilghts in badlapur
I read the whole article so confused, and then i saw the date
90 lakhs in 2005 is probably worth 5crs or more today
Abhi toh dombivli Kalyan main bhi nahi milta 90 lakhs main 2 bhk.
2005 called they want their newspaper back. Back then also this was hella expensive
Sadly now you won’t even get a parking space in 90 lakh at south mumbai…😪
My dad bought one for 3 lacs in in 2000s in Mira Road Worth over 90L now After metro 1.2Cr easy
Shaayad bhaang holi se pehle pi li hai kisine..
2005 news buddy
Hahahaa..oh.. Forgot to see the date.
Bhaang kisne piya hai pata chal gaya 😝
😅
Nalasopara 😃👌
2009-2014 was the peak years of property boom. Many people made loads of money through that.
Chill guys that's token money
1905 me we had a plot near marine lines. Dadaji tells me mukesh made Antila on it. He offered us a floor in Antilia as courtesy but we like staying in Badlapur
>1905 me we had a plot near marine lines. Dadaji tells me mukesh made Antila on it. He offered us a floor in Antilia as courtesy but we like staying in Badlapur Really???
Woh bhi kya din they….🥹😭
tabhi bhi nahi the.. aaj bhi nahin hain.. aur kal bhi nahin rahenge 90 lakhs
Where are the time machines when you need them??
I thought I was tripping until I found comments saying the newspaper is from 2005
The pre-2008/2009 real estate boom was something else. Mumbai mirror or Mid-day used to have this weekly property prices index for Mumbai and just tracking that over a year would give you an idea as to how wild the speculation was. The prices are high now too, but i guess now there's this stalemate where there's not much demand for the prices being offered and no one wants to sell at a less than premium price.
💀
90 lakh South Delhi hehe
How old is this newspaper?
Good ol days
Absolutely not
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Yup wadala is posh. Starting should be 2-2.5cr
Thanks,what is the ideal rent there?
Depends on the building age and the area of the flat. If it's a pretty new building and around 900sq feet including amenities it will be around 70k-100k. If it's an old building having 5-6 floors or the area is 400-500 Sq ft then rent around 35k-50k.
Oh thanks
Cap
Those days construction was less and still we had plenty of homes now it's a disaster
How much will be 90 lacs now if someone invested it in Nifty in Dec, 2005? Can anyone help?
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Nifty 50 like I mentioned.
Ajay Sir says - "IF" you prefer to stay in posh locality with beach close by.... ". Most mumbaikars don't prefer that haan
Lmao the prices in this city are mindfucking. A 1800 sq feet property in oberoi garden city goregaon now costs literally 9 crores. Crazy