This corrupt and looter UPA government under fraudulent expert and masked man Man Mohan is on loot and plunder spree shamelessly and arrogantly as idiots in Indian public still praise him.We are still blind though we cant buy daily needs.The price rise in property of 600% generally and as much as 50 times in some pockets since this corrupt government took over in 2003 is phenomenal and illogical.Black Money ,profiteering and shameless robbery is going on in India giving Indian super power slogans.People should buycot all projects that have property cost more than Rs 5000 /sq yard.And see how rates tumble down.Builders,landlords and politicians are main looters in this market.India is under seize of profiterers and plunderers.Even Mohammad Ghaznavi could not loot India like this.All educated people must force this corrupt government to resign and throw them out in elections.MM Singh and his cabinet colleagues deserve to be held to open public trial for loot and treason.No comments are required for mayawati a totally degenerate person.She has no agenda and no ideals except money making and corruption giving dalit calls.
Articles like these are used to create hype and panic among the probable buyers.
The rise shown is of over 9 years and hence is nothing to brab about.
We all know that the builder lobby is the most undisclosed & protected fron general public as no RTI impacts them.
They are the biggest spenders in marketing & advertising in Media. Trying to jack-up rates, Showing false promises- 15 min drive from CP No Traffic Around Green Belt Near Proposed Metro station and may more..!
Truth is that they have a strong lobby and don't let price fall.
Just imagine , for selling a propert having 500 Flats , developer is giving ads worth lacs of ruppes every day for 506 months continously. still not able to sell at such high rates.
When u try to buy any average property it's in said to be in 50-80 Lacs range but when u want to sell you same property , you find no buyer?
Now they are on to 15-10 lac 1BHK studio appt & 25 Lac 2BHk appt WHY?? Because these flats are not selling . DWARKA is More than 40 % Still empty. MOre than 60 % GREATER NOIDA IS empty. Entire 35km strech from NOida to G NOida is full of projects ...! WIth no buyers they are now turning to advetorials like this and tryingto gain cheap publicity !
Re: Other Side of the story
by Sanjeev Mishra on Sep 15, 2010 03:44 PM
I agree. It very obvious that some drowning investor who put his money in this land is behind this article. I reside in Indrapuram and it is well known that there is very little sale happening due to too many flats built and very very very POOOOORRR infrastructure that the Govt. provides.
Re: Property bubble always pops
by Indian on Sep 14, 2010 04:01 AM
indian real estate cannot be compared with Advanced countries.
Due to many factors as well as the mindset of indian citizens which is conservative and "playing safe" attitude.
American real estate bubble bursted because of people's spending pattern in US and there attitude which was living on loans/cards and "spend it as you get it".
First, this entire article is based on the ground that the farmer is being cheated off a value. Question is, What value? I mean, without the developer and the government facilitating this project, who in the world would want to buy land over there at that price? So, the value is being created because of this project!
Second, Have you ever driven to Agra on the NH2? Would you buy the land over there and pay more than what the government paid to acquire lands in Gurgaon, closer to Delhi? You guys must be dreaming or must have never been to this part of the world.
Third, Don't you want other areas like Mathura and Brindavan to be uplifted to the levels of New Delhi? Get real guys, those "farmers" are not going to change the world we live in. If they could have, they would have.
So, stop fueling the fires of populism and free entitlements. This is exactly the kind of populism that got us stuck with reservation in the public domain. Our debt to GDP ratio is around 85% - Greece & Spain are at 120% or so - India needs to cleanse its public debt and this populism is not helping.
Lands are acquired with mandates, yes, but remember that the "farmer" on the ground will get the first benefit (and pain) of the new highway in addition to the cost that the government is paying them for the land. Agriculture is good - no denying that but there is better value here. They need to move with such a change or get swept away if
Re: this whole thing stinks
by A A on Sep 13, 2010 08:26 PM
I understand that the farmer may not want to sell his land at the price the government is paying - so the question is - what price is right as there is no other way out for the government.
Some have suggested that the agricultural value of land is under priced - ever wondered why?
It is because value is created not by sentiment but by the actual product and by demand. It is unfortunate that a poor few are stuck in this situation and this democracy is forcibly pushing them in to a corner - but does anybody have any other solutions where the government can get what it "NEEDS" and the farmer can get what he "WANTS".
Re: Re: this whole thing stinks
by sharath tharanath on Sep 14, 2010 07:52 AM
Your message is wholly urban centric and based on the assumption that it is your god given right to acquire any land anywhere in India.What if the farmer does not want to sell and is forced to do so
Re: Re: Re: this whole thing stinks
by Rajendra Gupta on Sep 19, 2010 10:01 PM
Ban all coversions of agriculture land as India has only 1250 sq yard fertile land per person.It can never meet food requirement.We are heading for starvation and civil war.The guys like MM singh wont last more than decade anyway.They are doing huge damage to society.I can't understand why our foolish public is acting deaf dumb and negligent.
Re: Tell this news to Raj Thackeray about Bhaya U.P Noida progres
by Great Invader on Sep 14, 2010 02:38 AM
gatees keep quiet please. NCR is far better than Mumbai and forget gatee city Pune. Mumbai is anyways for gati slummies.
Re: .
by RITESH SINHA on Sep 13, 2010 07:58 PM
it needs a change.There should be a formula to calculate the price of the land. say 10% should be paid at first year. then every year another 10% of that year price After 10 yrs another calculation should be done and 50% should be that price
