RE:all fake
by Ritesh Chakravarty on Dec 12, 2007 09:21 AM Permalink
You are right Krishna. Its a lure to IT people to buy house only. My advice to all IT people is to invest money in Mutual Fund rather than buying a flat in Bangalore. This will give better results in long run. As most of IT people working in Bangalore are not from Bangalore, hence, they should rather buy flats or homes in their native places .. tire-2, tire 3 cities where property value will definitely grow.
RE:all fake
by gopinath p on Dec 12, 2007 10:48 AM Permalink
I agree with you Ritesh. Nobody knows if IT companies survives for 20yrs, coz we see now china and Philippines are also competing with India, in future we can most of the ITES companies will move to these countries. It's better to invest in Mutual Funds, ELSS and FD, this would be bread winner for our old age.
