Brick and Mortar Story : No substance in Realty Boom and it is mere bubble ticking like a bomb to burst anytime leaving all property investers in pain and feel cheated.
Rs.25000/- per month for a family of 4 members in Tier II cities means person just meeting hands to mouth situation. If the question is how and why :
Rs. 6000 p.m min. on house rent for 2BHK Rs. 6000 p.m min. for house hold grocery items Rs. 4000 pm for School fees for 2 children. Rs. 1000 p.m min for milk Rs. 1000 p.m min for petrol expenses Rs. 1500 p.m min electricity and water charges Rs. 1000 p.m wedding and social functions. Rs. 1000 pm. for mobile and phone expenses. Rs. 500 pm for internet expenses Rs. 3000 pm for sundry & misc expenses.
In such circumstances, if one takes a housing loan of 20 lacs to purchase two BHK shabby type house in Tier II cities with an EMI for 20 years, that means he is calling hell on him and will mortgage his entire life in paying EMI only. No wonder, such persons are even daring to purchase Car on loan which after some time is pulled and towed away by goodas sent by ICICI Bank , HDFC Bank or other private banks
Mind it we are not talking about people earning Rs.5000 per month and such people are in majority cutting across geographical lines divided into tier cities.
Re: Fresh Grad- Demand Your CTC keeping this in mind.
by Vipin Chauhan on Dec 22, 2009 02:43 PM
My expence is: 7500 - House rent 2500 - petrol 6000 - car EMI 2000 - Internet and electricity bill 5000 - house hold grocery items 1000 - milk 1000 - wedding and social functions Total = 25000
And my earning is 35000 pm. It's need to increase :D
