The prices of Rs. 50 lakhs - Rs. 1.5 crore for flats in Mumbai are so unrealistic!!
I am a well to do professional (Mumbai), but still find it impossible to buy a decent flat even after about 10 yrs of working!! Even if i become a slave repaying EMIs for next 20-25 yrs or so, am i sure that my title is clear?? Issues like forgery, unauthorized construction, etc., crop up suddenly. And after 25 yrs, my old flat may only fetch me the original price!!! This is rubbish.
Re: Why only large number of premium apartments ?
by ramesh patil on Feb 07, 2011 11:26 AM
i agree,the greedy babu-neta-builder nexus is destroying india and we r unable to do anything.
These jerks have artificially ballooned the prices to levels which are unrealistic and unbearable for common man.. There should be a correction of minimum 50% of land rates and 70% of Home rates, then and only then every needy will be able to own his own home... till flats are costing 1 crore...it will be a catch 22 situation
Only message is that common men/women are standing in queue to commit sucide. The present rates are not affirdable to 99.9% persons. These big FISHES will pass on to common man. Common man do not know this finacial trick and there will be more sucide like farmers in rural area. Huge black money is involved.GoI knows very well, but they also want money and nothing else. Be strict with black money of these so called developer, raid their houses,offices, bank lockers in India and abroad.Only 10 or 20 are required to be caught to save the country. MMS can't do. Soniaji do not know politics,economics etc. She knows only one thaing that she married to PM's son enjoyed and have two children and grand children enjoy.
Re: DEBT TRAP
by Venkatraman Sekar on Feb 07, 2011 11:06 AM
What goes up quickly has to also come down quickly - has been proved once again. It may be somewhat similar to the Real Estate bubble of Nippon! God save the salary earner! People should be wary of the papers (IPOs) offered by these smitten Real Estate-wallahs, unless you still have loads of black money to come in through the "Swiss Gate"!
Re: DEBT TRAP
by GC Jain on Feb 07, 2011 11:14 AM
These builders need tobe disciplined. Some where they are selling 7 inches covered space and some where 6 inches. There needs to be a regulation how much super area a builder can charge.There is no limit when they will build a property. They can years and years. still they insist that their instalments have to be paid even if they have not laid a brick in the proposed building. They need to be bound by law. In singapore a builder cannot charge the next instalment unless he has built some portion of the proposed building. Here there is no rules and regulation and public is duped every day.
Re: DEBT TRAP
by rajur59@rediffmail.com on Feb 07, 2011 11:36 AM
Most of the real estate companies have some politicians , criminals in their board and daily activities. Land prices skyrocketed because of these nexus and definitely these companies will break down at one point resulting in big chaos and dent the economy.Our useless PM will watch and maintain silence
