Except for money laundering..What is the economical justification for a 4000 sft ,18 crore flat in a place ,where the maximum price of premium land is 25,000 per sft,whereas a little farther a ground of 2400 sft is available for 5 crores and the biggest budget can get a 4000 sft villa with all amenities at additional 2.5 crores,saving 11 crores and freedom ...
Any business venture which creates capital, service and Job is the primary fact to give preoriety Stock market and real estate is detrimental to economic growth and also Inflationary, has to be curbed first.
Honda Ceo said in papers yesterday"difficult to do business in India",same by vodafone a day before,nationalistolicies have stopped modi govt and created mess at WTO recently. World Bank declared dcline in global jobs yesterday.
Writer of this article is in other world...2007 eak.Its 2014 now,7yrs of recession
Re: 100% PAID News
by Bala krishna on Sep 13, 2014 11:41 PM
Every investor wants to loot the economy in the garb of investment that to in stock and real estate business,as easy withdrawal is ensured.
Re: myth of universal home ownership
by Varadarajan Ravindran on Sep 11, 2014 12:18 AM
Most Europeans do not own houses and they rent their homes from private entities. Their lives are also more unstable than those of Indians and Americans.
Re: WTF???
by Himalaya Kumar on Sep 10, 2014 05:10 PM
Two observations can be made from this development ............
1. These real estate units are back in demand because the super rich want to park their black money in a truly high growth asset or assets.
And ............
2. What is the point of buying and living in an uber luxurious apartment, at least in Mumbai, when the only view you get from any of its windows is people of UP and Bihar trying fertilize vacant parcels of public land with their night s0il?!
Re: Re: Two
by Himalaya Kumar on Sep 10, 2014 04:54 PM
Which would be a Billion times better than seeing a UP or Bihar man perform his "Squeezing-a-tooth-paste" act every morning from your uber luxurious Mumbai apartment!
Re: Re: who is billionaire?
by jb kar on Sep 10, 2014 09:05 PM
In my opinion the definition of millionaire/ billionaire is one who has 1. million/ billion with him 2. The guts to invest it 3. The capability to get it back with profit.
But most people think if some one is having 10 lac then he is millionaire!!!!
Let the billionaires buy super luxury houses of any magnitude, it is the govt's duty to see that the ordinary people get budget homes suiting to their pocket. It is yet to be seen how the PM is going to implement his ideas. If the govt does not bother to give affordable houses to the lower segment of the population, ok elections will come after five years and they will meet the same fate of UPA, whose main philosophy was promises! Everybody knows that billionaires are ever increasing,it is because of the govts inability to stop them from looting the exchequer at the cost of the ordinary people of India. If it goes unchecked, situation may change in India, and Jasmine revolution may come back, because people have a limit to tolerate. Let the rich enjoy, but not at the cost of ordinary people. The ordinary people should have a reasonably well living condition.
Re: Luxury Homes
by dhanpal on Sep 10, 2014 02:35 PM
what if you were a millionaire then? your comments would have been different. you also can do hard work and become millionaire. nobody has stopped you. it is just like a grapes are sour for jackal. for your incapability why to blame rich peiople?
