LRE is showing daily price chart as like stock market, currency exchange of gold rates which is irrationale.There is no mechanism it is only on one's whims (khahis)Zameen is there from bab adam and we put price on it at every moment. This is greed of a man.I have seen rates of Baharia town sector c it was 15-30 (for 10 marla) the next day it was 16-30.
Mian Sahib! replied on Tuesday, July 17, 2012 06:03 PM
15-30 one day & 16-30 the next day is not that big an issue to be debated here. |
Property enthusiast replied on Tuesday, July 17, 2012 08:45 PM
I don't know the me mechanism of daily change in prices . How do LRE people know just after opening their office that prices have gone up and down.
Could anyone explain this
Thanks |
ua replied on Tuesday, July 17, 2012 10:39 PM
So, what do you suggest how rates should ideally work? |
o'sea pakistani replied on Tuesday, July 17, 2012 10:58 PM
now this is called "gut feeling".on a nice sunny day pump it up to 16-31 and on a gloomy day 15-30 and make it appear as if you are on the floor of huge trading floor like stock market in front big electronic/digital screen.That's all it takes so chill every body!! |
CS replied on Wednesday, July 18, 2012 01:56 AM
I Still cannot understand Who are the drivers in real estate... Howthe demand vs supply increases only in one day.
Who is the authority to change rates? What are the other varients except demad and Supply.??
there is no price regulatory authority and one can be easily cheated on few lacs.
Real estate is a big market and inolves trillions rupees even the smallest transection in DHA is not less than 20 Lacs, I am afraid that the dealer may over quote me with some fancy stories because there is no system to deifne rates Everything is on Gut feeling and Estimation...
Its too messy. |
MS replied on Wednesday, July 18, 2012 05:45 AM
Files rates are almost like as in stock exchange.In Real Estate Investor and owner of the property purpose is to earn maximum profit.No one control or fix the rates of the particular property.there is no criteria.for example I bought a plot in phase 6 at 58 lacs in B Block after few day I bought another plot in same lane at 56 lacs.
Dear CS, kindly elaborate me that what should be criteria for the rates estimation. |
