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Why buying a home has nothing to do with high EMIs


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jackofall
REALITY MAFIA
by jackofall on May 15, 2011 03:58 PM  | Hide replies

IT IS GOOD THEAT REALLITY MAFIA IS HOLDING THE PRICE OF THE PROPERTY AS HIGH AS POSSIBLE...

IF THEY DONT DO SO EVERY ONE WILL HAVE HOUSE AT MUMBAI & OTHER METROS AT CHEAPER RATES...

AS NOW 90 % OF UPPER MIDDLE CLASS & MIDDLE CLASS HAVE TAKEN LOANS THAT THEY NEXT TWO GENERATIONS WILL KEEP REPAYING..... MEANS THAT THEY WILL BE BUSY IN WORKING DAY & NIGHT 365 AN YEAR..... (THEY ARE RESPONSIBLE FOR THE 200% POPULATION IN LAST 5 YEARS)....

THINK IF THEY ARE LEFT FREEEEEE......

THE POPULATION.......

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Ranbir Thakur
Re: REALITY MAFIA
by Ranbir Thakur on May 15, 2011 04:06 PM
you also inceased the population and your parents are responsible for that.

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Sathish N
Re: Re: REALITY MAFIA
by Sathish N on May 15, 2011 04:30 PM
What his parents are responsible for increasing the population??? Do you know him and his family?

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banshi srivastava
UNAFFORDABLE PRICES OF HOUSES
by banshi srivastava on May 11, 2011 08:58 AM  | Hide replies

I think Reserve Bank should increase the repo rates further to discourage those who are investing money in houses not for living.
For keeping prices under control govt. should do the following:
1. Allow to have only one house in Mumbai in the name of one person either on his own name or with close kin like wife, kids; not distance relative.
2. Now that UID is soon going to become reality entire data in mumbai related to restration or owner of houses should be in a central server so that the duplicate selling of the houses by builder ( a nusance) or one person going for so many houses to make money and thus adding fire to prices should be checked. This server should be connected with all the restration office so that the moment name of a house purchaser is put immediately the registration office would come to know whether he is owning any house or not or in the event of of duplicate sale of the flat could be known
IT should also have such terminal.This will alsio help I.T. authorities to check black money and prices will come down.
3. The other day I was reading that unless a project is approved builders should not be allowed to book houses.
4. People do have lot of black money to invest that is why despite raising repo rates to such a height within short time housing prices are not falling.
5. Builders association must look for national interest too. Think how can they provide dewelling to middle class people in mumbai.Ear mark 10-15% housing at affordable prices.

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Deepesh Deomurari
Re: UNAFFORDABLE PRICES OF HOUSES
by Deepesh Deomurari on May 11, 2011 04:05 PM
Good idea, you can try writing it to RBI through its portal.
Everyone know that infused black money sky rocket property rates.
Apart from it, due to increase in construction cost(inflation, interest rate, high raw material etc), it is difficult to take property prices low(specially flats).
Govt is already doing a lot to save people from having multiple houses.
It is too late for government but not for us. If we unite and fix the maximum prices then all problem will be solved!
Unity will surely solve all such issues.

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banshi srivastava
UNAFFORDABLE PRICES OF HOUSES
by banshi srivastava on May 11, 2011 08:57 AM

I think Reserve Bank should increase the repo rates further to discourage those who are investing money in houses not for living.
For keeping prices under control govt. should do the following:
1. Allow to have only one house in Mumbai in the name of one person either on his own name or with close kin like wife, kids; not distance relative.
2. Now that UID is soon going to become reality entire data in mumbai related to restration or owner of houses should be in a central server so that the duplicate selling of the houses by builder ( a nusance) or one person going for so many houses to make money and thus adding fire to prices should be checked. This server should be connected with all the restration office so that the moment name of a house purchaser is put immediately the registration office would come to know whether he is owning any house or not or in the event of of duplicate sale of the flat could be known
IT should also have such terminal.This will alsio help I.T. authorities to check black money and prices will come down.
3. The other day I was reading that unless a project is approved builders should not be allowed to book houses.
4. People do have lot of black money to invest that is why despite raising repo rates to such a height within short time housing prices are not falling.
5. Builders association must look for national interest too. Think how can they provide dewelling to middle class people in mumbai.Ear mark 10-15% housing at affordable prices.

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Crazy Colonel
WTF
by Crazy Colonel on May 11, 2011 08:41 AM

Idiots who take 50 , 60 lacs of loan for 100 sft flats and NRIs are the reason for this crazy housing market.

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Chennai Dosa
guyssssssssss
by Chennai Dosa on May 11, 2011 08:38 AM  | Hide replies

i live in USA n whenever i visit india i give money to poor beggar indians ...... its my small way of making difference in india ...... i m an nri but i still love my motherland ..... i m humble becoz of my tamil background

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Deepesh Deomurari
Re: guyssssssssss
by Deepesh Deomurari on May 11, 2011 04:08 PM
Tamil background!!! Is region have to do with being kind!
It is better to adopt child/ sponsor education rather than giving money to beggars.

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Crazy Colonel
Re: guyssssssssss
by Crazy Colonel on May 11, 2011 08:43 AM
Dude you can not pat your own back.

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Ram
Re: guyssssssssss
by Ram on May 11, 2011 08:46 AM
By giving money to beggars you are only spoiling. Instead, start a company that can employ poor people and let them earn with pride.

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Loga
Re: guyssssssssss
by Loga on May 11, 2011 08:57 AM
One beggar is giving to other beggar no harm in this. USA US debt currently is $16 trillion and USA econnomy is $16 trillion it means USA encome is 50c and expenses is $1 so who is beggar.

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sudeep
Re: guyssssssssss
by sudeep on May 11, 2011 08:58 AM
humbles don't boast of.

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Activex
Re: guyssssssssss
by Activex on May 14, 2011 04:18 PM
can't u guys see? he is just taking a piss. chill.

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Mind Releams
Re: guyssssssssss
by Mind Releams on May 15, 2011 04:58 PM
Does that mean that you do not give money to beggers in US ;)

I do not think that you really love your motherland, else you would have been in India and helping poors. You are simply amassing the wealth for your own lifestyle which you got addicted to.

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Murali
Re: guyssssssssss
by Murali on Sep 28, 2011 11:29 AM
You tamil Begger! You tamils (Karunanidhi, raja, dayanidhi maran,Kanimozhi,T.R. balu, P.Chidmabaram) has looted theb country and making the people poor. Anyhow still we indians are better than the beggers of USA

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Chennai Dosa
guyssssssss
by Chennai Dosa on May 11, 2011 08:35 AM  | Hide replies

i live in USA so i can buy home in india for cash .......... thanx to my dad that he made me an engineer n me n my brother in USA now ...... indians r always crying / begging for money

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Ram
Re: guyssssssss
by Ram on May 11, 2011 08:50 AM
Where are you begging now in US? You are lucky because of your dad. Do you know how much he cried for arranging your finances to make you an engineer?

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Crazy Colonel
Re: guyssssssss
by Crazy Colonel on May 11, 2011 08:46 AM
Going to USA does not mean a significant achievement. BTW I could not understand your blabber , is it you or your bro in US of A.

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Sriramulu Yelisetty
builders mislead and cheat
by Sriramulu Yelisetty on May 10, 2011 11:48 PM  | Hide replies

The way builders charge for various items when u buy a house, you get baffled. every thing is extra. they mislead on the area also. u r never sure how much carpet area u get finally. their margin is around 30%. if the builders stop being greedy and charge realistically, then houses become affordable. in india, no state govt. has set out strong rules for the builders regarding how they have to inform the customers (except Maharashtra to some extent) regarding the rates. announcements regarding price shall be standardised by Govt.

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such jano
Re: builders mislead and cheat
by such jano on May 10, 2011 11:58 PM
That is their business to lislead and cheat and do not forget the commission they have to give to political goons to run their business.

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Deepesh Deomurari
Re: Re: builders mislead and cheat
by Deepesh Deomurari on May 11, 2011 04:09 PM
Correct.

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Vaibhav Rastogi
Re: Re: Re: builders mislead and cheat
by Vaibhav Rastogi on May 12, 2011 11:09 AM
Who said Maharastra Government .. Pawars are the biggest land mafia .

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