RE:Reality check required
by Quasim on May 03, 2007 10:08 AM Permalink
It will be foolish to think that you cant get a good property for 25 Lakhs. you can definitely get.
RE:Reality check required
by KN VENKATESH on May 02, 2007 12:14 PM Permalink
What happens to 525000 in case , the person lives on rent. with 12- 20 % return from MFs, the person will have a huge sum at the end of 20 years. Also , situations like recession, job loss can prove all math wrong.
RE:Reality check required
by Nitin Srivastava on May 02, 2007 02:24 PM Permalink
The first thing here we are discussing to have property on loan. The second thing market is so volatile and you can't predict about the future it might go crash then what you will do?????
RE:Reality check required
by pradeep kumar on May 02, 2007 01:03 PM Permalink
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..
