yes venkatesh, a property will easily cost 40 lakhs. So buying the property does not make sense here when u can get it for rent at 13000/- per month.
The author has not consider one more thing. India is a growing economy, In a growing economy city's will grow faster then coutry's gorwth. so is the real estate. Rents will defnetly shoot up. If I compare with other cities like DUbai a dessert city where the rent is almost 1 lakh pewr month.. Go for buying properties guys. People who thought of this mathematics in B'lore are home less now..
