the reason to stay in the city because of work will not hold true within next two years, People can stay away from main city in good suburbs & still able to manage the job. Then the prices like 50,000 in Mumbai will come down drastically. This so called experts will not tell you. Go away from city buy a ready flat at cheaper rate as per your need & enjoy life.
Nowadays you see full page advts of real estate projects in the newspapers. Why ? Because nobody is buying them. Just think, if people bought flats, will the Builder spend huge money on advertisements week-on-week? Some Builders have started 20/80 sheme. Pay 20% now and balance on possession. Why ? Because nobody is buying them. Many Builders are shouting - no stamp duty, no registration and no VAT. Why ? Because nobody is buying them. Defer your buying decision until end of this year. Next year will see price corrections.
You must invest in Real Estate today because Noopur Runjhun, the author of this piece, has been bribed by the Realtors to write an article and say positive blah blah about the real estate. The Builders do not have money to complete the projects already undertaken because nobody is coming to book their flats. A few people are buying but the ratio is 1:13, i.e. 1 buyer for 13 flats. Just wait for Diwali to get over. DO NOT BUY NOW ! Prices are likely to correct by at least 20% !
Re: Investments
by AK on Nov 05, 2012 02:42 PM
In fact promoting investment in real estate for the sake of "investment" is evil. Housing has become unreachable to millions because of promotion of real estate as "investment".
Indian real estate is the big monster which will lead to greater miseries in comming times. The prices are so much bloated that gains are just imaginery. Start early pay 60% of your earning for EMI of flat for 30 yrs. And live like a puper, same appartment you can rent for just 20% of your salary. Real estate is a mirage, you will keep paying EMI with a hope of gains in future and when you will plan to sell you will again find what ever you are getting will not be enough to buy similar property without payin 1 and 1/2 times of what you will gain. Right now is the worst time to buy real estate, I will be dumb if I will pay Rs 50000/month as an EMI for the appartment that I can rent for Rs 15000. Do the math and you will know who will be gainer
Unproductive income(Income coming from Investment in real estate) has stopped and will be negative. Income from productive income (Actual income from productive work) will increase (WHICH SHOULD ALSO) like it was doing from time immemorial except for a short period when BPO came into the country,with BPO stop coming and all chances it will go to some other country REAL ESTATE IS WASTE INVESTMENT other than for self staying, people who have invested heavily earlier are running this advertisement to offload their investment and save their skin
The corrupt builder lobby seems to have sponsored this article.rediff must have got good amount for this.Even in share market the fraudulent experts advise dead share to buy.
ALL INDIAN INVESTING IN REAL ESTATE... MANY PEOPLE WHO HAS MONEY ARE BUYING MORE HOUSES.. GOVT MUST PUT LIMIT TO PERSON TO BYE HOUSES.. MUST DIVERT TO INDUSTRIES SIDE. MANY ARE BUYING MORE HOUSES THAT WHY REAL ESTATE RATE IS GOING HIGH. MIDDLE CLASS AND LOVER CLASS PEOPLE NOT ABLE TO BYE EVEN SINGLE GOOD HOUSE. WHO WILL DO HELP TO POOR...
