As per the prevailing circumstances, if the Govt. takes stiff measures, this article prove right. But every citizen should follow the correct procedures as per the guidelines and avoid paying extras to the builders and land owners. First point is to sell the Lands transparently and auction them through the govt. intervention with strict measures. Strict Punishment of imprisonment should be given to the culprits/ Cheats then only the situation will improve in India, and a common man can build the Dream Home in the near future. If the real estate prices come down the Rents will also come down and a good citizen could save his hard earned money. Let us hope it at the earliest.
we never thought some thing will happen like this. we thought rich will keep on becoming rich & poor will take any amount of loan & finish of the life repaying them.
But Mr. Modi magic has filled in their accounts with lakhs n lakhs of rupees over night.
we have only seen the trailer.
The Movie is yet to commence.
Guys with double investments on land & flats just wait and watch.
Re: joke
by Indra_Sen on Dec 21, 2016 10:32 PM
Good observation. I agree. For New Properties, rates may fall temporarily but for old ones/second sales, prices will marginally rise. Then on in next few years, prices will rise. Deals should become clearer now on.
Good if so, but how to deal with people booked at higher rate with builders, and builders who have stopped their activities. Basically all these builders were supported by congress earlier due to hefty amount paid by them in bribe for various clearance, as such big task before Modi to finish negativity, either Govt. will have to intervene or to find a solution for people grievance.
15 years back a liveable apartment in mumbai costed 120 months market rent. In Delhi it, costed 100 month's rent. At that time, it made economic sense to take a loan and purchase a house, and pay EMIs instead of rent. Even now, in the US the equation between Capital value of a house has a similar correlation with the living value (rent). Here in India these days - even after 2 years of slowdown in the real estate sector the capital value of a house is about 600 to 700 month's monthly rental. With demonitization, this will get corrected. Black money in almost all property transactions, builder - political nexus, investor and developer nexus will all crumble. and the prices will come to a level of a more realistic balance between capital value and living value. Give it 2 to 3 years and housing will become within reach of taxpaying salaried people. ,
15 years back a liveable apartment in mumbai costed 120 months market rent. In Delhi it, costed 100 month's rent. At that time, it made economic sense to take a loan and purchase a house, and pay EMIs instead of rent. Even now, in the US the equation between Capital value of a house has a similar correlation with the living value (rent). Here in India these days - even after 2 years of slowdown in the real estate sector the capital value of a house is about 600 to 700 month's monthly rental. With demonitization, this will get corrected. Black money in almost all property transactions, builder - political nexus, investor and developer nexus will all crumble. and the prices will come to a level of a more realistic balance between capital value and living value. Give it 2 to 3 years and housing will become within reach of taxpaying salaried people. ,
15 years back a liveable apartment in mumbai costed 120 months market rent. In Delhi it, costed 100 month's rent. At that time, it made economic sense to take a loan and purchase a house, and pay EMIs instead of rent. Even now, in the US the equation between Capital value of a house has a similar correlation with the living value (rent). Here in India these days - even after 2 years of slowdown in the real estate sector the capital value of a house is about 600 to 700 month's monthly rental. With demonitization, this will get corrected. Black money in almost all property transactions, builder - political nexus, investor and developer nexus will all crumble. and the prices will come to a level of a more realistic balance between capital value and living value. Give it 2 to 3 years and housing will become within reach of taxpaying salaried people. ,
Nothing will happen all black got converted to white so money in circulation is much more than earlier All rtes will go up. Poor and middle class will suffer much more builders neta mafia have nexus they will never do anything for common man. Common man has to wait and wait listen to false promises
Re: PROPERTY RATES
by Rajan S on Dec 25, 2016 07:27 AM
Uneducated comment. With demonetisation traders and businessmen are now forced to accept digital payments for their survival which would never have been the case otherwise. Huge chunk unaccounted money will be wiped out of the market for ever now which will make all sectors accessible for middle class and poor
