I saw this and experienced it just yesterday. In Kasturinagar, I saw a banner saying Flat for sale. I went to see that yesterday morning. It was a third grade construction and no value edition flat. But the owner quoted me 36 lakhs. I thought of just having a look at the whole complex and to my surprise I saw almost 6 flats owned by the same man and he wants dispose them off within next 2 weeks. The reason he tells is I booked it for mine, but now I am tranferred outside Bangalore. Cheap tricks. I hope he does not find any bakaras. I saw some Hindi speaking people staying there (already fell for the super prices). Must have paid some 60 or 65 lakhs. I felt sad for them. Yes, I accept with most of the poeples' observations. I saw at least 120 builders coming up with apartments near to Banaswadi and Outer Ring Road strech from Banaswadi to Hebbal. These poeple's tag line says "Our apartments are at the mouth of Express Highway to Airport". So what? Ghanta advantage to the poeple who want to buy it. And also they tell the customers that if yo buy it now, we give at unbeatable price, tomorrow this price may further go up". So an unfortunate/desperate bunch of customers invest immediately. These builders are purely exploiting the genuine buyers. My message to all my fellow IT croud, please hold your horses till 2009. It is better to pay less rent till that time and stay wherever you are. Otherwise, you invest 10 to 20 lakhs (may be more) for no value addition and regret later.
RE:I experienced it
by Rahul on Dec 12, 2007 11:37 AM Permalink
You are absolutely correct. We should not allow these builder lobbies to loot us any further. Just inagine flats in Bangalore or Mumbai getting costlier than in London and New York and who is making the most of it..these builders who are largly funded by Mafia and politicians. Imagine now 2 bedroom flats (decent ones in decnet localities) are not available less than 40 - 50 lakhs and 3 BHK for 70 - 80 lakhs that too in a country like India where 25% of population doesnot get 2 meals a day, literacy is less than 50% and only 2% of population pays tax...this entire thing looks so illogical .. no wonders companies have started moving out of India and we are literally staring at recession enginereed by out great politicians
