The recent recession was a result of real estate bubble burst in USA. Imagine what will happen when (like what happened in US) due to lack of genuine buyers and high prices, lakhs of properties will remain unsold, loans will be defaultered, and not much salary hikes across the sector. This real estate bubble burst will be cause massacre in India. It will cause a total turmoil, and will be remembered as one of the darkest/biggest recession in world history. I am just trying to warn my fellow Indians. Don't fall into the advertising trap laid by realtors-media lobby. Lakhs of people in USA became homeless and jobless during last recession which was actually a real estate burst in USA. Can we afford to go few of our banks go rupt? Satisfaction is the best policy. It makes sure that there is no over purchase/pricing and sufficient supply as against a genuine demand (from actual buyers and not the so very hopeful but fool investors). Please understand this and don't put your money into real estate. Save the fellow Indians from a even worse recession. Please.
The recent recession was a result of real estate bubble burst in USA. Imagine what will happen when (like what happened in US) due to lack of genuine buyers and high prices, lakhs of properties will remain unsold, loans will be defaultered, and not much salary hikes across the sector. This real estate bubble burst will be cause massacre in India. It will cause a total turmoil, and will be remembered as one of the darkest/biggest recession in world history. I am just trying to warn my fellow Indians. Don't fall into the advertising trap laid by realtors-media lobby. Lakhs of people in USA became homeless and jobless during last recession which was actually a real estate burst in USA. Can we afford to go few of our banks go rupt? Satisfaction is the best policy. It makes sure that there is no over purchase/pricing and sufficient supply as against a genuine demand (from actual buyers and not the so very hopeful but fool investors). Please understand this and don't put your money into real estate. Save the fellow Indians from a even worse recession. Please.
