The Media especially the business entertainment channels like CNBC TV18 dont tell the true picture. The Real Estate Agents along with Builders are hand in glove. How can you expect a man with 10 Lakh rupee salary buy a Rs.80Lakh and upwards property in Mumbai. A decent 2BHK in Mumbai already above a Rs.1crore. This is a sad state indeed. A place like Belapur is commanding Rs.6k psf. Mulund Rs.6kpsf. What's so special about these places. Its just unaffordable now.
RE:Media Rah Rah
by johnson dsouza on Jul 29, 2008 04:18 PM Permalink
very true picture..a person with an annual package of 10 Lacs can't afford an house in Mumbai looking at his responsibilities towards his dependents like Children, Wife, Parents and Social responsibilities like paying IT, Professional Tax, Buying Tax, Selling Tax, Walking Tax, Flying Tax, Eating Tax, Staying Tax, Surchage etc…………This is just an example of income with 10 Lacs but all people are not earning that much and most of the middle class people have an annual salary package in between 3-5 Lacs…now how we justify their case to own an house?
