When ever I approach any builder,their sales team tells only few unit left, all unit are sold!! Rates are going up next week, day by day its like stock market which goes up but does not return to bottom or downward.
I would prefer to rent my self instead of living rented on EMI, banks are charging so much, even NRI has too think twice,
These situations are same like Dubai from 2005-2008, I pray Mumbai real estate market fall like Dubai real estate market and we real buyer has a chance to buy good property for real needs!
Re: I am sick of hunting house!
by santosh vijayan on May 28, 2011 09:03 AM
Very true. This is an artificial demand created by unscrupulous builder lobby. There is no base for costing. They take 500 times more than their cost. Thats unethical and looting. Very soon, the bubble will burst, when no one take bank loan and no one buys flats. I have friends in the real estate market, who says there are hardly any sales. This happens only in India. Infact, we are to be blamed coz we went on a mad buying spree and fell for builder's tactics
Re: Re: I am sick of hunting house!
by neeraj gupta on May 29, 2011 05:27 PM
I stay in kandiwali on rent and searching home.I cleary identified the way brokey are making fool with artificial cost.when you ask them about fall they will speak about 40 yrs experience in mumbai It,s all crap , goverment should take some actions on this.
common man should stop buying a house and live on rent only.. this will spook the prices of houses artificially bloated by ..you know whos. .builders, businessmen and politicians..
beware of all TV channels, builders, govt. of India, corporate houses, Tax deptt., politicians, as everyone is out to pocket hard earned money of every common man. Star new has nothing else to do but to raise doubts about speakasia instead of letting the agencies do their work.worst channel in India.
Builders, politicians, land mafia etc have purchased lots of urban land creating scarcity of land. There is no anti-hoarding law for land that exists for food grains because of this property prices have gone up. Every person cannot and need not be in a position to earn money for his house. He may earn for his food, clothing etc but may not be in a position to earn for the house. Therefore government should bring anti hoarding law for properties and give land to the citizens. People should bear the cost of construction and government should bear the cost of land. Then only every citizen can stay comfortable and work for the development of the country.
Re: Hoarding of land!
by okroal on May 27, 2011 12:38 PM
REAL ESTATE IS BIGGEST CONSPIRACY INDIA ... IT IS BIGGEST TOOL USED BY RULERS IN INDIA TO MAKE SLAVE , BANKRUPT POPULATION ACROSS IN INDIA ...WHICH CAN BE RULED FOR EVER
I am looking for a 2BHI in Kandivli,Goregaon . My budget is max 40 lacs(including registeration) . Some estate agents started laughing and some even abused me when I went to inquire . THey dont seem to understand the value of hard earned money
Re: 2BHK
by okroal on May 27, 2011 12:34 PM
I can understand your pain , brother ... hard earned money have no value left in there big metro cities ..due to excessive inflow of black money of politican and mafia ...
Re: 2BHK
by Amit on May 27, 2011 01:47 PM
Look further out , or live in rented house , the savings you can invest 60% in FD and rest in stocks of well known companies when they are trading at less than Price / E (EPS) of 10.
sell after it gives you 12% over 3-4 years at peak valuation of above P/E of 18 or higher.
THIS IS NOT POSSIBLE IMMEDIATELY ... ... IT WILL AT LEAST WILL TAKE 2/3 DECADES FOR FINAL BLOOD REVOLUTION ... TO DESTROY AND REPLACE CURRENT CORRUPT PARLIAMENT DEMOCRACY .... IT NEEDS REVOLUTION LIKE FRENCH REVOLUTION ..I CAN FORSEE ..THIS IS ONLY POSSIBLE AFTER 2035
The Govt. should do more to eliminate corruption, bring back black moneys parked in European Banks, Check corntrol irresponsible and corrupt Netajees, etc. Check/ Eliminate the Builder-Politician-Officers Nexus... Make the country liveable for "Common People"... In the saying of Shri R.N. Tagore --- "Where the head is held high........"
For doing all this, we have to CHANGE OURSELVES and OUR ATTITUDES......
Re: Eliminate the Builder-Politician-Officers Nexus
by okroal on May 27, 2011 12:23 PM
THIS IS NOT POSSIBLE IMMEDIATELY ... ... IT WILL AT LEAST WILL TAKE 2/3 DECADES FOR FINAL BLOOD REVOLUTION ... TO DESTROY AND REPLACE CURRENT CORRUPT PARLIAMENT DEMOCRACY .... IT NEEDS REVOLUTION LIKE FRENCH REVOLUTION ..I CAN FORSEE ..THIS IS ONLY POSSIBLE AFTER 2035
