CREDAI Real Estate Expo - My observations
Posted: May 2nd, 2011, 12:52 pm
Hello All
I visited the recently concluded CREDAI Real Estate Expo conducted at Palace Grounds , Bangalore and was happy to see a lot of projects under one roof. I have stopped at almost all the stalls and have complied a big excel sheet that captures the pricing details of the all the projects showcased. Here are some of my observations :
I was suprised to find that many builders are still selling units from projects that were completed long time ago. Also looks like some projects that were put on hold in 2008 are now relaunched. Along with builders I also met a lot of home loan providers and alomost everyone was hinting at a 0.25% discount in home loan rate for top corporates. Also another hot topic that was being discussed is the CIBIL report rating for home loans. Looks like a score of 760 and above is deemed good. Also almost all the home finance guys told me that any previous defaults on EMIs can significantly compromise your chances of getting a home loan. The event show cased properties that suited different budgets ( 11 Lakhs to 9 crores) the details of which are captured in my excel sheet.
I tried uploading the excel sheet (that contains all the properties) on this forum for the benefit of mebers who might have missed attending the event but could not do so. If you want the excel sheet please send across an e-mail to anantha.rudrapa@wipro.com or anantha.rudrapaka@gmail.com and I will be happy to mail you the spreadsheet. I have just started my real estate serach for an apartment and a plot and I am sure this forum will help me make a better decision.
Best Regards
Ananth
I visited the recently concluded CREDAI Real Estate Expo conducted at Palace Grounds , Bangalore and was happy to see a lot of projects under one roof. I have stopped at almost all the stalls and have complied a big excel sheet that captures the pricing details of the all the projects showcased. Here are some of my observations :
I was suprised to find that many builders are still selling units from projects that were completed long time ago. Also looks like some projects that were put on hold in 2008 are now relaunched. Along with builders I also met a lot of home loan providers and alomost everyone was hinting at a 0.25% discount in home loan rate for top corporates. Also another hot topic that was being discussed is the CIBIL report rating for home loans. Looks like a score of 760 and above is deemed good. Also almost all the home finance guys told me that any previous defaults on EMIs can significantly compromise your chances of getting a home loan. The event show cased properties that suited different budgets ( 11 Lakhs to 9 crores) the details of which are captured in my excel sheet.
I tried uploading the excel sheet (that contains all the properties) on this forum for the benefit of mebers who might have missed attending the event but could not do so. If you want the excel sheet please send across an e-mail to anantha.rudrapa@wipro.com or anantha.rudrapaka@gmail.com and I will be happy to mail you the spreadsheet. I have just started my real estate serach for an apartment and a plot and I am sure this forum will help me make a better decision.
Best Regards
Ananth