Day by day, interest rates are going high as well as the residential prices. It is becoimng difficult for a middle class person to go for a resale flat (forget new constrcution ! ) in Mumbai suburbs. There is no control of the Govt seen on the prices demanded by the flat sellers. They are demanding much much higher than the market price and no body has any control. Also the middle Agents are the culprits for these high prices of flats and they assure the flat sellers that they will get a suitable buyer. Can someone take initiative and bring in control on such prices ? Also refering to the pre-payment of loans, note that many banks put a clause about pre-payment not allowed for initial 10 years and if at all yes, there is a severe penalty clause on top of it.
