In mumbai builders are asking more than 50% in black!! Congress govt is well aware of situation but sitting like lame duck on the issue and in fact encouraging this. Now when we have CVC chief who is tainted and is appointed by Congress what more we can expect. But still common man goes and votes for Congress!!
Re: House prices in Mumbai
by Shekhar C on Jan 12, 2011 07:23 AM
You must be going to some stupid builder or you yourself are trying to buy high value property in low price - no good builder in Mumbai asks for black components - in resale property they ask for black and it varies between 10% to 40% - go to good and reputes builders
Re: House prices in Mumbai
by piri on Jan 12, 2011 12:07 AM
The common man is much too stupid to understand that corruption kills his interests without exception !
And for the most part, he is also too stupid to understand that in the matter of corruption, there is little to choose between the Congress, the BJP, the SS, SP, BSP, DMK, AIADMK, NCP, JD, etc. !!
Jains, Aggrawals, marwadis and other Bania communities have taken control over property market all over India. You can not beat Banias. They are Challu , bigtime. They have one thing in mind , suck blood from their customers.
its not that the housing prices are determined by the demand but its determined by the builders. Builders have so much money(black) that they are not prone to market sentiments. Its like saying that a politicians allowances got cut because of finincial problems, this never happens, atleast in India.
Be carefull when you buy property from CIDCO, CIDCO has a habit of cheating/playing fraud on property buyers by manipulating the area. For example a 1000 sq feet carpet area Module will be sold as 2000 sq feet in 1998 and as 1300 sq feet in 2004 all on the whims and fancies of the CIDCO.
Govt. of Maharashtra has floated CIDCO (City Industrial Development Corporation) A State Govt. undertaking which is the most Corrupt undertaking of the Govt.of Maharashtra. Instead of being a agency for providing housing to the middle and lower class at reasonable rates it encourages price escalation for the benefit of few builders and Bureaucrats.
Some of the ugly/ Shady Deals of CIDCO include
Allotment of land under the 12.5% scheme to fictitious Companies,polictians.
Change of reservation of plots for commercial use
Railway Station Complex Scam The station complex Built By CIDCO at Nerul , Vashi, CBD. The commercial areas was sold in the open market as Built up arae=carpet area ( 95-150 ) % loading in 96-98 at higher rates. In the year 2004 The same commercial premises were sold as built up area= carpet area 30% Loading to friends and relatives and front men of the Mktg dept of CIDCO at a discounted price. Imagine built up area of two adjacent offices of same carpet area are different.
Extra FSI to CIDCO directors Housing Society Prathamesh society where the Directors of CIDCO was allotted prime property at throw Away prices .
People are being taken for a ride in many aspects of their life. Look at the auctioning of players. Have you ever heard of human beings are auctioned. From Farmers the vegetables are sold through the big business outlets with increased selling prices, By vertical constructions the common air is sold at a very high prices creating a very new situation of making people rich overnight. The gradual deveopment, gradual progress in life etc. are overturned and overnight millioniors are being created. for an artificial human satisfaction.
I strongly feel the prices should be standardize as per areas. Currently, the builder lobby are taking more money than what it deserves. Government should have ready racknore where prices per area are standardize and builders cannot charge then the price band defined.
This will increase the housing sales and also benefit the service class people.
Re: Housing
by Headwind on Jan 11, 2011 11:36 AM
I loved the two words you used for defining the true character of this industry. What more mockery of the system can we see when Builders-Politicians nexus are working at the top level to artifically jack up housing prices with the active connivance of Media fraternity.
The land mafia called as builders, has such "setting" with Govt., that no matter whatever happens, property prices won't come down ever. Worst case, they won't increase, but forget that it will ever come down. We witnessed one of the biggest slowdown, but did you see any city witnessing price drop in property? A damn 2 BHK in city like Bengaluru costs 45 Lakhs!!!!
Re: Housing prices will never come down
by ManPasand Singh on Jan 11, 2011 09:49 PM
Jains, Aggrawals, marwadis and other Bania communities have taken control over property market all over India. You can not beat Banias. They are Challu , bigtime. They have one thing in mind , suck blood from their customers.
Re: Re: Housing prices will never come down
by shaileedarling on Jan 11, 2011 11:39 AM
COME TO MUMBAI YOU WON'T GET A SLUM IN THAT RATE IN POSH AREAS OF MUMBAI
Re: Must stop.
by joseph brigit on Jan 11, 2011 12:49 PM
you start party I am with you, but give retirement for all Indian Politician at the age of not 58 years,but at the age of 55 years, what they did to us is enough.
