@ Chandra - again u amy be true for some extent that those people have bought at fancy or premium price are not constructing house not bcos they wanted it for investement prupose ( may be few of them) but i feel they do not have money to build house as they have gone for the max limit of the loan eligibality just to have their plot for their dream that takes several years to build.chandra wrote:Rightly said..."The FEAR" within some buyers is making the whole market a hell for genuine buyers.
Those few Price "FEARING" buyers who have bought sites in bsk 6th stage or JP nagar 8th phase are yet to construct their own house. this shows their prime purpose is to buy the site and not to construct the house. They bought these plots for the investment purpose with a permium making the scenario seller friendly and setting a bad precedent. This is really hurting the "needy" category.
How to stop this trend is the biggest question???
BDA site for sale in BSK 6th stage
Forum rules
Please refer the link viewtopic.php?f=8&t=1862 to know about the rules of posting 'site for sale' ad. Non-compliance will make the ad for moderation and some times, the ad will be deleted altogether.
Please refer the link viewtopic.php?f=8&t=1862 to know about the rules of posting 'site for sale' ad. Non-compliance will make the ad for moderation and some times, the ad will be deleted altogether.
Re: BDA site for sale in BSK 6th stage
Re: BDA site for sale in BSK 6th stage
today i had been to BSK 5th stage and the thing is the sites which i had seen 6 months before for sale at 3000 rs /sqft is still open for sale at same price.
we can understand now that people are not ready spend more than the reasonable price. but sellers are just dreaming abt it and waiting.
sahemlessly the sellers are using the term "FANCY". " they say if i get the FANCY rate i am ready to sell."
we can understand now that people are not ready spend more than the reasonable price. but sellers are just dreaming abt it and waiting.
sahemlessly the sellers are using the term "FANCY". " they say if i get the FANCY rate i am ready to sell."
Re: BDA site for sale in BSK 6th stage
HI All,
I just went through one of the old thread dated back to Mid 2009 and found it was completly buyers market. tot of sharing with you all.
----------
Person A
30 * 40 BDA site EAST Facing for Sale. Rs 1800/sq.ft located at BSK 6th Stage, ..th Block.
Person B
My asking price would be Rs.1000 per Sqft , also I need another 10% off because in this recession I am risking my money to inverst in ever sliding real estate market. On top of this if you offer any more discount, I would appriciate that.
Please let me know
Person C
1000 - 1100 is a right price, recently i went end saw the area east facing they are quoting 1400 in 3rd block.
Person D
The price you have quoted is very high, and your price is 6mths before. I am interested for 1000/-. Current running rates are 1200 - 1400neg east facing.
Person E
Incase if you are selling for 1000/- contact me.
My Email id: ***********@hotmail.com
I just went through one of the old thread dated back to Mid 2009 and found it was completly buyers market. tot of sharing with you all.
----------
Person A
30 * 40 BDA site EAST Facing for Sale. Rs 1800/sq.ft located at BSK 6th Stage, ..th Block.
Person B
My asking price would be Rs.1000 per Sqft , also I need another 10% off because in this recession I am risking my money to inverst in ever sliding real estate market. On top of this if you offer any more discount, I would appriciate that.
Please let me know
Person C
1000 - 1100 is a right price, recently i went end saw the area east facing they are quoting 1400 in 3rd block.
Person D
The price you have quoted is very high, and your price is 6mths before. I am interested for 1000/-. Current running rates are 1200 - 1400neg east facing.
Person E
Incase if you are selling for 1000/- contact me.
My Email id: ***********@hotmail.com
-
Hesh_Mysore
- Posts: 29
- Joined: August 21st, 2009, 11:23 am
Re: BDA site for sale in BSK 6th stage
@Chandra
My whole point was with the naming of "genuine" buyers and "genuine" sellers.
Let me ask you who fixes the reasonable price, what is reasonable for the buyer might not be reasonable for the seller. As I said if you had a site and if you wanted to sell it would you honestly say that you would go to the market and tell that you will sell it only at a reasonable price and not a max price you can get out of it. Lets not be hypocritical about it. Everyone wants the most for what we have.
About ONIONS, why that hyped price is still selling, because people want to buy, if everyone stops buying, it will come down, but we cant right, thats thats the same, if everyone stops buying land, land prices have to go down, but there is a demand and people want to buy and thus the price is there to stay.
I dont cry if my maid asks for more, will pay for it if I can or do all my house hold chores myself.
If I can let go and join a new company as it pays more, my maid also can. Its an open market, you nor me can dictate the prices. So do you mean to say people jump only because they are afraid that company will not take care of them during recession, then the company he has jumped also is the same, so what is the point? The truth is that we all want to earn more and make more money for ourselves when we can. But we seem to be hypocritical when that is affecting us but are happy if its benefitting us.
About reasonable prices, yup, everyone wants it, do you stop and tell something to the schools about the fees being unreasonable and do u blame all parents for this trend? you dont right , but u get a seat for your kid, you do pay extra to get your kid to a better school as you dont want to take a chance on that, its the same way for some buyers who dont want to take a chance but buy it at a price which might be a bit more for people like us.
Untill there is a demand, this is here to stay, whether we accept it or not does not matter, just because I turn my face the other way does not make anytning disappear. Do I like this trend, nope, I do not like and I am also affected by it as its not been possible for me to buy a small piece of land where I want it, but that does not change the fact.
My whole point was with the naming of "genuine" buyers and "genuine" sellers.
Let me ask you who fixes the reasonable price, what is reasonable for the buyer might not be reasonable for the seller. As I said if you had a site and if you wanted to sell it would you honestly say that you would go to the market and tell that you will sell it only at a reasonable price and not a max price you can get out of it. Lets not be hypocritical about it. Everyone wants the most for what we have.
About ONIONS, why that hyped price is still selling, because people want to buy, if everyone stops buying, it will come down, but we cant right, thats thats the same, if everyone stops buying land, land prices have to go down, but there is a demand and people want to buy and thus the price is there to stay.
I dont cry if my maid asks for more, will pay for it if I can or do all my house hold chores myself.
If I can let go and join a new company as it pays more, my maid also can. Its an open market, you nor me can dictate the prices. So do you mean to say people jump only because they are afraid that company will not take care of them during recession, then the company he has jumped also is the same, so what is the point? The truth is that we all want to earn more and make more money for ourselves when we can. But we seem to be hypocritical when that is affecting us but are happy if its benefitting us.
About reasonable prices, yup, everyone wants it, do you stop and tell something to the schools about the fees being unreasonable and do u blame all parents for this trend? you dont right , but u get a seat for your kid, you do pay extra to get your kid to a better school as you dont want to take a chance on that, its the same way for some buyers who dont want to take a chance but buy it at a price which might be a bit more for people like us.
Untill there is a demand, this is here to stay, whether we accept it or not does not matter, just because I turn my face the other way does not make anytning disappear. Do I like this trend, nope, I do not like and I am also affected by it as its not been possible for me to buy a small piece of land where I want it, but that does not change the fact.
-
blackstallion76
- Posts: 57
- Joined: December 14th, 2010, 10:21 am
Re: BDA site for sale in BSK 6th stage
@Chandra, @Hesh_mysore, @kiran,
You folks have put very good valid points from buyers thought process. Even I am in the same boat. Looking for plot around kanakapura road.
I have been through 4-5 property sittings last 6 months. The brokers and middlemen jack up 200-300 per sqft over the seller. Most of sittings did not end because I stuck with nominal price and was not ready to pay extra premium. Even now, the same sellers are waiting to get the premium price.
Only few urgent sellers would give the plot to the lucky ones within days.
Recently, there is a trend where even lawyers are involved in acting like middlemen to sell properties at premium.
For eg:
1200 sqft plot agreed for 2350 per sqft without the owner's consent.
From owner's perspective he wants minimum 2200 per sqft.
Assume somehow he gets the seller.
At the end of transaction, lawyer demands 150 per sqft as his fees and agreement is made for 2200 per sqft.
Its a nexus between lawyers, brokers, middlemen.
Its hightime govt has to regularize such malpractices.
You folks have put very good valid points from buyers thought process. Even I am in the same boat. Looking for plot around kanakapura road.
I have been through 4-5 property sittings last 6 months. The brokers and middlemen jack up 200-300 per sqft over the seller. Most of sittings did not end because I stuck with nominal price and was not ready to pay extra premium. Even now, the same sellers are waiting to get the premium price.
Only few urgent sellers would give the plot to the lucky ones within days.
Recently, there is a trend where even lawyers are involved in acting like middlemen to sell properties at premium.
For eg:
1200 sqft plot agreed for 2350 per sqft without the owner's consent.
From owner's perspective he wants minimum 2200 per sqft.
Assume somehow he gets the seller.
At the end of transaction, lawyer demands 150 per sqft as his fees and agreement is made for 2200 per sqft.
Its a nexus between lawyers, brokers, middlemen.
Its hightime govt has to regularize such malpractices.
-
murthyveda
- Posts: 21
- Joined: July 15th, 2009, 7:05 pm
Re: BDA site for sale in BSK 6th stage
Hi all,
even I am facing similar problem. One of the brokers showed me a couple of plots and I finalized on one of them. Just a 20 days back he had quoted 2150 nego, but later he said the owner has increased the price since then to 2350. Earlier he had told me his commission was 1% but now he jacked it up to 2% saying this is the rate for 30x40. On top of that he told there is another middleman (I doubt if he really exists) to reach the owner who is demanding Rs.30 per sft!!! So all in all, I will have to pay 80K to 1lakh to middlemen to buy a plot. I had really liked the plot, but was not ready to give up to this guys dirty trick and I let this plot go. If people agree for such tricks because they really liked the plot, then they will make this the thumb rule to deal with any buyer.
I am searching for plots again!
Many brokers say that most of the plots for sale are under agreement with brokers/middlemen and that I should directly deal with the broker not the owner. I have contacted a couple of direct owners, but the plots are already sold for much lower rates (200-400 less) than what brokers are quoting. Owner will turn up later.
--Murthy.
even I am facing similar problem. One of the brokers showed me a couple of plots and I finalized on one of them. Just a 20 days back he had quoted 2150 nego, but later he said the owner has increased the price since then to 2350. Earlier he had told me his commission was 1% but now he jacked it up to 2% saying this is the rate for 30x40. On top of that he told there is another middleman (I doubt if he really exists) to reach the owner who is demanding Rs.30 per sft!!! So all in all, I will have to pay 80K to 1lakh to middlemen to buy a plot. I had really liked the plot, but was not ready to give up to this guys dirty trick and I let this plot go. If people agree for such tricks because they really liked the plot, then they will make this the thumb rule to deal with any buyer.
I am searching for plots again!
Many brokers say that most of the plots for sale are under agreement with brokers/middlemen and that I should directly deal with the broker not the owner. I have contacted a couple of direct owners, but the plots are already sold for much lower rates (200-400 less) than what brokers are quoting. Owner will turn up later.
--Murthy.
Re: BDA site for sale in BSK 6th stage
Seems middle men are everywhere. Not sparing even vegetables 
-
murthyveda
- Posts: 21
- Joined: July 15th, 2009, 7:05 pm
Re: BDA site for sale in BSK 6th stage
@mramki_77:
Very true, even in the age of information technology! I really wonder as to why many sellers don't use internet to advertise their properties! Both sellers and buyers are victims here.
--Murthy.
Very true, even in the age of information technology! I really wonder as to why many sellers don't use internet to advertise their properties! Both sellers and buyers are victims here.
--Murthy.
Re: BDA site for sale in BSK 6th stage
Potential buyers are partly to be blamed here. I can't understand why anyone would negotiate with a broker, instead of the owner directly. There is some legwork involved in the whole process.
-
amithguptha
- Posts: 1
- Joined: January 7th, 2011, 7:32 pm
Re: BDA site for sale in BSK 6th stage
As far as I know the normal brokerage to be paid is 1%, I went through my broker whom we know since 20 yrs and the deal was a cake walk..
Initially, ppl will feel like the prices are high but if they are using it for their own - its' completely acceptable.
Also theoritically the buyer always think that its expensive and the seller thinks that it would have featched him more.. Its the case in all the deals.
The area where I bought the site (20*30) is 11th Block and is nearly developed with a lot of houses also accebility to the main road is very easy...ie., can see my site from the main (Uttarahalli - kengeri) road.
Once the kaveri water hits this area the prices would definately be soaring .... the affordability would be miles away. Believe me when I say this there are hardly any sellers there especially for the 11th block and agents are calling me to see for profit for rs.400 in a span of 6 months.
Initially, ppl will feel like the prices are high but if they are using it for their own - its' completely acceptable.
Also theoritically the buyer always think that its expensive and the seller thinks that it would have featched him more.. Its the case in all the deals.
The area where I bought the site (20*30) is 11th Block and is nearly developed with a lot of houses also accebility to the main road is very easy...ie., can see my site from the main (Uttarahalli - kengeri) road.
Once the kaveri water hits this area the prices would definately be soaring .... the affordability would be miles away. Believe me when I say this there are hardly any sellers there especially for the 11th block and agents are calling me to see for profit for rs.400 in a span of 6 months.