Hi All, I wish to caution you about the real estate prices, it is allways rigged, i used to know a group of brokers in Bangalore who used to issue false advertisements wanted land/houses for wipro/infosys/tata/hp just to create a demand in the market, as the saying goes, if a man wants to sell something, and if there is no one to buy then he panics, but if you put him in a false hope he jacks the price and also refuses to sell, then there is a attificial shortage, all created by brokers be it baba realtor or jones lesalle, they belong to the same category.
Let us assume I have one crore in cash and i want to buy a apartment in bangalore, i will get a resonable apartment, but ig i were to rent it out i will only fet a rental return of 15,000, if i were to deposit the same with any bank at prevailing rates i would get 70,833 per month, is this better or buying is better, there is no basis for this madness, Beware i would say.
