I really appreciate such comments, i work for an MNC in Blore, currently im in US. I have already decided not to buy any flats or land in blore, cos its not worth it[atleast not for more than 20 lakhs]. One reason- The truth is that the guys who make money in US dont know how to make use of it. They all want to settle down fast in life.That was the reason for the prices to go up so badly. Now prices are so high that it will take atleast 3-5 years for a guy working in US to buy a flat in Bangalore, and around 10 years for a guy working in India. I would say that companies like Infosys, Wipro are doing good job by starting offices in small cities, this gives non kannadigas better options.
Since dollar value is dipping[expected to be 35rs/$ by 2009] very few ppl are transferring money to india nowadays.
I am very sure that 2009 -2010 you will find IT industry to slow down[but will never perish] cos of dollar dip. Not sure how we will face that day when we find less people in 'MALLS...'
