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Demo impact: Real estate prices are dropping and how!

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niladri mohanty
For the Common Man
by niladri mohanty (View MyPage) on Nov 15, 2017 04:26 AM

Now demonetization has been good or bad for the common man? Rahul Gandhi and Mamata Banerjee have been fighting for the common man.

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Government must provide alternative investment channels
by auryas (View MyPage) on Nov 14, 2017 06:07 PM  | Hide replies

In order for real estate prices in INdia make sense, there should be change in attitude in peoples mind. People should reject real estate as a form of investment.

Do you invest on the food you eat every day ? Do you invest on cloths you wear every day ? Like buying them and selling some time later for higher price ? Well. Housing too should be in that category.

Government too must provide alternative investment channels like bonds and securities that can directly help increased funding to the industry which in turn can create jobs. What is happening now, is people are pouring all their monies into jacked up real estate and it is sucking up all the wealth generated by liberalization. Buy a piece of land and sell it for a profit later can only do one thing - suck some one else's increased income without any contribution of employment generation.

If government can control real estate and regulate it like stock market, EVERY SINGLE COMMODITY in INdia will become cheaper ( including food grains and vegetables) and also stops rapid conversion of food growing agriculture lands into concrete khabarstans.

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kieran dsouza
Re: Government must provide alternative investment channels
by kieran dsouza (View MyPage) on Nov 14, 2017 07:46 PM
good observation

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mihir mehta
Re: Government must provide alternative investment channels
by mihir mehta (View MyPage) on Nov 14, 2017 09:55 PM
ur mind belongs to 19 th century.u need serious improvement.get well soon

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anil kamat
Re: Re: Government must provide alternative investment channels
by anil kamat (View MyPage) on Nov 15, 2017 09:26 AM
and suppose ur mind is from 22nd century where Machine controls Human ??? Wake up ....What is said here is true and not wrong....

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Inflated by 100% their actual prices
by auryas (View MyPage) on Nov 14, 2017 05:57 PM  | Hide replies

Now, everyone slowly understanding why there is so much ruckus about DeMonetization. It is the real estate mafia that is spearheading the protests.

Guess which political party lost millions of dollars of party funding as a result of DeMonetisation. The same political party which is shouting it's lungs out that DeMonetization cost jobs.

Real estate in India us what Pharmaceutical industry of the USA - a mafia like entity. So much money is at stake that they can change presidents and prime ministers.

Indian real estate thrives on SATTA like mechanism where prices are dictated not based on demand and supply but greed and corruption.

Indian Real estate prices are inflated by 100% their reasonable price ( A 'property' that costs 1 coreINR is actually worth less than 50 lacs).

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Re: Inflated by 100% their actual prices
by venkat (View MyPage) on Nov 14, 2017 11:34 PM
Excellent!! Very well said. The root cause of many ills in India is the mindless and inflated real estate. The real estate price inflation should be not more than 5-10% a year. Then people will stop investment in real estate. Only then, land will be available for more productive economic activity like manufacturing and the cost also will be competitive in the intl market.
The real estate which is presently connected with the sand mafia is plundering the rivers day in and day out. Even at the present state of real estate, we will be left with no river sand in a few years, that will spell death knell to agriculture.

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drsanjeev rana
Well this Diwali season is the last hope
by drsanjeev rana (View MyPage) on Nov 14, 2017 05:20 PM

If the sales do not increase as expected expect 10-20% fall in prices by March 2018

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