India is a story of high growth and big companies from around the globe are coming to be part of it. But there is no govt.or society's stretegy to use their money for over all growth. The money has to be used for infrastructure and provide job skills in smaller town. Both requires huge fund and only biggies can help there. China is already investing billions in job skill education. They know that is going to be root of ecoenomic power. In india still our millions of people r memorising history, goegraphy data which they will forget any way once out of school.
it like robbing the rich and give it to the poor, then only humans can live in peace.Mumbai and big metros have become urban narak, where there is no place for shouldemi urbam/towns/vhe poor and middle class apartments selling for crorores of rupees , can our leaders please explain how can anyone buy a apartment,plus, why why why why Mumbai, already the big cities stink that is why the government wants to create important activities in mumbai, like kurla comples, they could have done in navi mumbai,pune/surat, shiftan capital to nap the indian capital to nagpur, decentralise all the capitals and pump in housing in towns and rural areas,let the other indians also live who wants to live in ghettos in urban areas, even govtpoor housing schemes are so hopeless, even the mute cattle will refuse to stay. Mind it that it that sri bala saheb thackerey was correct in warning not to crowd mumbai, mumbai/delhi/kolkotta are the future karachi and virtual narak-hell.govt should divert all funds for infrastructure develpopment in semi urban/towns and villages,please evcuate the big towns, because all of such are doomed, so our leaders should plan a new strategy and develop a new capital with only adminestration facility any where in india,and easy acess and lots of communications and travel facility,only fools would like to live dharavi and the wretched juggi jhopri of mumbai/delhi etc. now a new thing has happened our leaders are haveing vested interest in lands real estate, so we will ha
With increasing real estate prices, its become unthinkable to go for a decent 2 bedroom house in delhi. A 2BHK apartment in delhi wont cost less than 40 lacs; which means EMI of not less than Rs40000 pm for 20 years. You need to have a salary of not less than 80000 pm...
So does 2BHK come under MIG? I guess now apartments have to be classied, Affordable or Non Affortable. Not as LIG , MIG or HIG.
Low cost housing means it should be around 15-20% of total fortune. It should not take entire life to pay it. House is only for living. But this market is catering only to speculators, scamsters and frauds. Why people are paying such huge sum by taking loan? This market is totally unregulated and non-transparent. Govt is playing in the hands these few players. They will start taking action when we will loose all. why people are not realising that a house is only for living. why they are not noticing that RBI has cautioned all banks to beware of this segment. We are the people who are helping in creating this bubble. When it will burst then see the result. What portion of population has the capacity to pay 30-50 lac for housing loan and at what time we will become debtfree. Why our incapable govt is not realising that this sector is crating tremenduos speculation. One more thing, the Govt is also airing this speculation by pricing their houses in this range. They only want to reap the benefit only but does not want responsibility.
RE:greedy speculators-BEWARE
by AK Kanodia on Oct 21, 2007 05:00 PM Permalink
The govt and these speculators are not different people, they are same people. Our professional politicians also have other professions. True, we Indians have multifaceted abilities. Criminals, businessmen, politicians all at the same time!
Thats the only solution to the real estate problem. India has enough space, we jsut need to use it right, Mumbai and Bangalore should not be the only places where people come into, this will automatically take steam out of the market, and also avoid the dreaded FIIs in Real estate.
RE:Diversify growth
by avinash kanodia on Oct 21, 2007 05:02 PM Permalink
Do you live in US or Europe? Our black money keepers have enough money to purchase everythink that is build up anywhere in India. Why India only, many of our people have large number of houses abroad as well. Unless the market is regulated, nothing will happen. Those who own these houses will never regulate it as they are the lawmakers themselves.
