I would like to say one thing that Increasing prices of property is totaly manuplated by Cong. govt. & Builders. I am not from any Political party but think when BJP was in Centre Govt.that time lower middle class persons also have purchsged house. But now could not. It is not matter to stay on rent or in own home. it is matter to think about how to make life messarable by Ruling Govt. They wanted more & more tax from service class and this amount will shift to swis bank by politician in personal account with help of scam. Please foregive me in case of poor English.
RE:Property Prices
by on May 02, 2007 01:46 PM Permalink
I beg to differ slightly. I am no Congress supporter and in fact my sympathies have always been with BJP. But the facts are different. The economy overheated due to sudden increase in borrowings. Also I know a lot of people who borrowed money from any means (personal loans, Credit Cards, friends and family, etc.) to invest in the booming share market. Home Finance is just a component of the rise in borrowings (albiet a largest one at 35%). I do not think even the BJP could have done anything much. Government can intervene to an extent (and this govt has done nothing) but cannot control a Market based economy. But the BJP will always enjoy the benefit of the doubt.
RE:Property Prices
by psycho on May 01, 2007 12:01 PM Permalink
ur are right. congress is of No use. For 50 years they were in power , did nothing BJP made attempt to change a lot of things, and some thing did change.(in just 5 yrs) congress won't be using the aam admi slogan for next election. they would be trashed
RE:Property Prices
by janmajoy c on May 02, 2007 04:16 PM Permalink
i hate the congress govt and i pray they dont come to power..but then there are ppl with vested interest who are FOOLS vote for these cheap congress folks
RE:Property Prices
by pradeep kumar on May 02, 2007 01:09 PM Permalink
What a crap.. If the property prices are not increasing then the economy is not gropwing. So If BJP in power the property prices dont go up.. then country is not growing.. remember that.
