Want to Rant: Crazy prices in Newtown
Came here to rant about how unreal the real estate market in Newtown area is.
I started looking for a 2bhk in Newtown area in December 2025, tried to market research how the prices were going. It was around 54-60 back then. Last 6 months I have contacted all the brokers in Newtown area and now the property prices are at 65-70.
All I want to know if the land valuation is correct or not. Are they doing any kind of land assessment before quoting? Because if you look at the development, we have literally 4 office buildings there. There is no news of new companies coming. Dont start with financial companies moving from dalhousie to Newtown, we dont know what new govt is planning. But seems like nobody is paying any heed to IT industry there.
Then why did brokers up the prices by 5-10lakh in 6 months. Also the rent in that area is not that much as well, so rental yield is a joke as of now.
I really wanna know how these prices are getting decided.
Its like im never catching up with it, by the time I would reach a state to invest 65-70, the prices will be 80-85
And yeah, I tried to negotiate a lot, but they know they would get buyers so…
Anyone else feels similar? Let’s trauma-bond ig!