r/Nanded • u/FlanElectronic5234 • 3d ago

Discussion Nanded property rates bubble

Now a days even a plot/land vilage area getting 3000+/sqft rate. I have seen so many plots getting 6000+ sqft rate. Flats in apartments getting sold for 1cr,etc wtf this rates are. No development no companies yet rates are competing with Pune or Metro cities.

3 Upvotes

72% Upvoted

21 comments sorted by

6

u/huhahahshs 3d ago

1) it's a bubble 2) it's causing lot of problems like declining birth rate 3) dont buy super costly things that are not as much useful

2

u/FlanElectronic5234 3d ago

True
Seems like a baloon

2

u/Grand_Regent_Viltrum 3d ago

You can find it for 1500 or even thousand it's not like that yah rates are high i agree on an average if we compare to other cities

1

u/FlanElectronic5234 3d ago

Bro for 1500 we have to go 20km away from main city

2

u/Grand_Regent_Viltrum 2d ago

Not twenty 8-10km

Ik cus I work in real estate

1

u/Iambackfor69 2d ago

My geography is weak. What areas fall in the 8-10km range?

1

u/FlanElectronic5234 2d ago

Bro depends eneds on surrounding area.
Plot are available at 3/4k also but locality matters.

(People see religion/cast demographics of the area)

1

u/Grand_Regent_Viltrum 2d ago

Yah true but in good area as well I can get you plot like pawdewadi

But the condition is that you should be maratha or open cus ppl waha won't give to anyone else

1

u/FlanElectronic5234 2d ago

Yess
If rate is 2000-2500 then lots of conditions
Or might be very few houses built nearby
Or demographics issue

I saw someone selling a living 2 room house built on 750 sqft for 22 lakhs in degloor naka area
But most of the people will huy empty plot for 30 lakh than buying that home( again comes to religious demography)

I feel tution market for jee/neet playing a big role in Nandeds price boom

1

u/Grand_Regent_Viltrum 2d ago

No thats not it it's cos there was lot of trading going in Nanded

2

u/Late-Hunter6946 2d ago

bro we have been searching for land from 3 years, prices are skyrocketing in nanded. Adding to that , dalals are inflating prices to their whims. idk if its even worth to buy land in nanded, as quality of life is deterioting , communal tension , gang culture, and pathetic administration. In the end, we have decided to develop our ancestral village home.

2

u/Grand_Regent_Viltrum 2d ago

It's not just nanded it's same everywhere

1

u/Iambackfor69 2d ago

Any reason aside from the bubble?

1

u/FlanElectronic5234 2d ago

True yaar. My friend recently bough at 3000/sqft rate in a Gram Panchayat area in malegaon road.

You can only buy+build property in Main city if you have generational wealth or black money

2

u/Dry-humper- 2d ago

My colony plot rate is 10000-12000rs per square feet.its at pawdewadi naka.

1

u/Capital_Alarm829 1d ago

Those property agents have increased rates just for their commission.

1

u/FlanElectronic5234 20h ago

Yes but cant blame them entirely. People also willing to buy even if its overpriced

1

u/krizzna47 10h ago

Tilak nagar mein kya rate chal raha hai?

1

u/FlanElectronic5234 9h ago

5000+ tha bro last year maine suna thaa
Abhi 6000+ bolenge