Property Mumbai

  • Subscribe to our RSS feed.
  • Twitter
  • StumbleUpon
  • Reddit
  • Facebook
  • Digg

Wednesday, 24 June 2009

Understanding the long term trend with data

Posted on 21:12 by Unknown
Hi All,

It would be great to have actual rates from various projects recorded over a period of time. This will help us to understand the trend of real estate prices.
The trend should be derived from data gathered from guys like us "on the street", not from some biased reports of property consultants.

The idea is that we can have a database-on-the-web to capture real estate rates.

With a few hours effort, I created a google spreadsheet to record the rates over time from a single project in Kothrud, Pune. The pricelists have been grabbed from the builder's website from March 2009 to June 2009.
The latest pricelist can be viewed here:
http://www.pethkarprojects.com/samrajya/availability.pdf

The spreadsheet can be viewed here:
http://spreadsheets.google.com/ccc?key=rmv0n4AJNHEfU_5RRg1I_bQ

Creating a chart, we can see that the rate is the same for the past 4 months!! Compare this with the boom period when rates used to increase every month. Definitely, real estate in Kothrud, Pune has flattened out.

The google spreadsheet is not appropriate for large amounts of data which can start pouring in from various cities, so I have also created a mysql database with multiple tables.

How to gather the data?
1. Quoted by builders - this can be done by gathering pricelists of the projects at exhibitions, or from the website of the builder.
From the pricelist, we need to calculate the carpet area (excluding terraces, balconies, and other non FSI related areas) and the total cost to the buyer (including stamp duty, registration, one time maintanenance etc i.e. everything).
The carpet area, total cost and date can be entered into the database.
Entering pricelists into the database will have to be done by moderators.

2. Posted anonymously by real buyers:
Anyone who has purchased a property can anonymously post the carpet area, total cost and date. The anonymous user is not allowed to enter data directly into the database, he can post in this blog and a few moderators like us who have write permission to the database will enter his post.
What if someone posts a misleading rate? I believe 1o people can lie, but 1000 people will not lie. When we have hundreds and thousands of unique users posting rates, the misleading posts become statistically insignificant. This is the same principle on which www.carwale.com operates.
Also a restriction is that a user can post only the rate for a property he has actually bought, so we can restrict posts to 1 post each month per email id.
People can also post links to builder's websites which have published pricelists.

There can be a discussion on how to allow anonymous posts.

We can have admin / moderators for each city, like I and someone else can do for Pune.

I can help with the perl code, sql and database, domain name, hosting, but I aint no website designer. Maybe we can form a team to collaborate on the website?
Email ThisBlogThis!Share to XShare to Facebook
Posted in | No comments
Newer Post Older Post Home
View mobile version

0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Popular Posts

  • Builders and their inflation predictions
    It comes as no surprise to me that the members of the real estate community including investors are disappointed at the contents and comment...
  • Some sense returning to the real estate market
    Mint reporting on the slowdown in PE deals. New Delhi: India’s real estate party may be cooling down rapidly. Global private equity firms sa...
  • Montek says Goldman Sachs analyst is wrong
    “We think the Reserve Bank of India will need to raise effective policy rates by 300 basis points in 2010 to bring policy rates to neutral, ...
  • BMC plans ot hike property taxes
    Finally property dealers are acknowledging that property prices are beyond reach in Mumbai along with the fact that there are too many apart...
  • India's residential sector likely to see oversupply - Crisil
    Crisil reporting accurately on the state of the housing market in India. >>> Real estate companies have been launching newer resid...
  • Laughing Waters is no Laughing Matter
    http://www.bangaloremirror.com/index.aspx?page=article&sectid=1&contentid=2011020420110204081607853b53eeb38 An IT czar, two top-notc...
  • Rajus' land bank could be much bigger
    Farfetched but true. The greed for land is has sunk a solid cash cow business built on cheap labor, dollar arbitrage and government subsidi...
  • Battle for Mumbai's skies set to begin
    Times of India reports Mumbai: The skyline of congested areas in Mumbai like Girgaum, Grant Road, Bhuleshwar Nagpada and Parel could soon be...
  • Observations On China's Bubble, Or The "Lose-Lose" Reality Of A Financial Cocaine Addiction
    Not from India, but we are not very far behind in speculation.... Jim Quinn's has penned a good post on the "mother of all bubbles...
  • Housing bubble comparisons - US vs India
    Rediff.com has an article bankbazaar.com on the reasons why the US housing bubble went bust. At the end of the article there is a paragraph ...

Categories

  • "bubble diagnostics"
  • "fortune tellers"
  • "investor activism"
  • "Santa Cruz"
  • 2G scam
  • a
  • Ahmedabad
  • alibaug
  • Ambani
  • asbestos
  • bad loans
  • Bangalore
  • banking
  • bankruptcy
  • base price
  • bear market
  • BJP
  • black money
  • bollywood
  • BRICS
  • brokers
  • bubble
  • budget
  • budget 2012
  • builders
  • bust
  • chandigarh
  • Che
  • chennai
  • Chidambarm
  • china
  • Cialdini
  • classifieds
  • Commercial RE
  • common sense
  • Congress
  • consumer protection
  • corruption
  • credit infusion
  • criminal
  • crisis
  • deals
  • debt
  • default
  • Delhi-NCR
  • diagnostics
  • discount
  • DLF
  • documentary
  • dubai
  • economy
  • EMI
  • Europe
  • exodus
  • exurbs
  • f
  • fire-safety
  • fire-sale
  • floods
  • FMP
  • foreclosure
  • fraud
  • fsi
  • Goa
  • goldman sachs
  • group purchases
  • GST road
  • guidance
  • gujarat
  • gulf
  • h-1b
  • Haridwar
  • hinjewadi
  • HNI
  • housing crash
  • hyderabad
  • hyderabjaipur
  • i
  • idiot
  • indiastockmarketbubble
  • inflation
  • Influence
  • infosys
  • interest
  • interest rates
  • investments.
  • investors
  • ipl
  • IPO
  • italy
  • jaipur
  • kbc
  • kerala
  • kochi
  • kolkata
  • land
  • layoffs
  • legal
  • Lehman
  • leverage
  • loans
  • lobby
  • London
  • luxury homes
  • maha-mumbai
  • malls
  • mantri
  • Maraimalai Nagar
  • marathi
  • marketing
  • Maytas
  • mba
  • media
  • Media; Times Group;
  • morons
  • mumbai
  • Mysore
  • nagpur
  • nashik
  • navi mumbai
  • New York
  • NRI
  • paid news
  • PE
  • pending approval
  • politicians
  • poll
  • property
  • protest
  • prudent investing
  • psu
  • pune
  • raids
  • RBI
  • realtors
  • realty funds
  • recession
  • redevelopment
  • regulator
  • repossession
  • Residential RE
  • retail
  • Rishikesh
  • Rupee
  • Russian Mafia
  • saneprice.com
  • scam
  • sea-link
  • Sensex
  • sez
  • shops
  • singapore
  • skywalk
  • slowdown
  • speculation
  • sra
  • srk
  • stocks
  • stone
  • subprime
  • suckers
  • taxes
  • tdr
  • telangana
  • terrorist attacks
  • theft
  • tides
  • touts
  • townships
  • trumpet
  • twitter
  • ULCA
  • unemployment
  • Unitech
  • unscruplous builders
  • unscrupulous builders
  • USA
  • value
  • vastu
  • Vizag
  • wikileaks
  • yale
  • zoning

Blog Archive

  • ►  2013 (11)
    • ►  September (2)
    • ►  August (1)
    • ►  June (2)
    • ►  April (2)
    • ►  March (1)
    • ►  February (1)
    • ►  January (2)
  • ►  2012 (34)
    • ►  December (1)
    • ►  November (2)
    • ►  October (4)
    • ►  September (1)
    • ►  August (1)
    • ►  July (3)
    • ►  June (4)
    • ►  May (2)
    • ►  April (2)
    • ►  March (3)
    • ►  February (6)
    • ►  January (5)
  • ►  2011 (49)
    • ►  December (6)
    • ►  November (7)
    • ►  October (3)
    • ►  September (2)
    • ►  August (2)
    • ►  July (2)
    • ►  June (5)
    • ►  May (4)
    • ►  April (5)
    • ►  March (5)
    • ►  February (3)
    • ►  January (5)
  • ►  2010 (95)
    • ►  December (1)
    • ►  November (7)
    • ►  October (6)
    • ►  September (6)
    • ►  August (4)
    • ►  July (7)
    • ►  June (8)
    • ►  May (10)
    • ►  April (9)
    • ►  March (16)
    • ►  February (9)
    • ►  January (12)
  • ▼  2009 (160)
    • ►  December (12)
    • ►  November (9)
    • ►  October (11)
    • ►  September (10)
    • ►  August (13)
    • ►  July (10)
    • ▼  June (13)
      • Budget impact on Indian housing loans
      • Understanding the long term trend with data
      • India's residential sector likely to see oversuppl...
      • Rotten apples on the blog
      • Resale home market fails to attract buyers
      • Psychology driven markets
      • 36 South Starts Hyperinflation Bet After Black Swan
      • Home loan exemption increases
      • A roof over one's head
      • Story of Bennett, Coleman & Co (TOI Group) and Rea...
      • Realtors Seek Share Sales To Repay Debt, Await Sales
      • Time for a realty check If you thought buy-one-get...
      • Real Estate from a Landlord's point of view.
    • ►  May (10)
    • ►  April (13)
    • ►  March (18)
    • ►  February (21)
    • ►  January (20)
  • ►  2008 (142)
    • ►  December (10)
    • ►  November (13)
    • ►  October (19)
    • ►  September (5)
    • ►  August (11)
    • ►  July (11)
    • ►  June (9)
    • ►  May (18)
    • ►  April (11)
    • ►  March (8)
    • ►  February (14)
    • ►  January (13)
  • ►  2007 (8)
    • ►  December (8)
Powered by Blogger.

About Me

Unknown
View my complete profile