if any authority honest check the books of main reality firms from 2000, big big amount of black money can be unearthed. Who will do it. All big politicians invested huge black money thru companies and benami properties. Our ministered are busy with mines and ......
reality price on very high side, sky rockted from 2004. Our PM and planning commission and FM are very genious economist but do not know the reality of what is happening in India. 80% house hold having less than 20,000 per month income out of which around 30% house hold having less than 3000 per month. Minimum wages in India ranges from 4000 to 10000 per months. These section of our country is in perpetual debt i.e. 6-12 months income spent in advance and such indians are at the mercy of their employers and living like a bonded labourer. In such way how such people can think of a roof which cost 20 lacs to 60 lacs and more. Upto 2004 they have had dream of owning a house, now road side, railway side, stn, under bridges/flyovers they find their ashiyanas. Our politicians knows that, but they think these poor gues are paying for our luxuries and they will continue so... In such situation our reality mafias are holding major chunk of land acquired with big black money, using muscle power, grabing public land etc etc. In near future they will perish... ways and means will evolve at appropriate time. So dont put hard earned money in chaos
what is the realistic price -
real estate price must burst otherwise india will burst. land prices increased 10 to 40 fold from 2004. Rent increased five to ten fold. where the common man will go ??. An ordinary Indian earning family income 20,000 per month (Family of 4) is in perpetual debt i.e. his earning spend in advance. He is not able to save a rupee. How can he think of property of 10 lakhs, 20 lacs and up to 90 lacs. Even our defense people are in trouble. After spending life in boarders to save the country, he has to live in street rest of his retired life ?? Honest people are dying, traitors and robbers and looters are enjoying everything !!!!
I am unable to understand the question. Do you mean to say that one should invest when the growth is low? Real estate prices are touching the sky and beyond. That is why the growth is low. So much of black money is in realty. No meaning in competing with it.
not at all. This slow down in turn will bring down the prices.
We need to think on 2 things
1.Remember the 1995 slowdown of reality.
2. The present prices are too high to invest since the upward movment or the provisional return on Investment is really thin.
It is a long way to go for real estate. Firsr it has not bottomed out. It will take feaw years to bottom. Thn panic selling should come. O banks will sell desperately to recever their money. After that it will go down further and stay there for few years. EVerybody will ignore real estate. EPeople fear even to think of it. Bank will werite off once for all and come out of the nightnmare.
Indian reality has out performed all classes of investments , if you take 20 years horizon. In other words, if you compare the appreciation of assets classes such gold, equity, and reality in the last 20 years, without any doubt, the reality has outperfomred other assets by hand some margins. It is true, if you take last 6 years scenerio , it is of mixed response. In urban centres, the reality either stagnant or shown negative results, but in Semi urban and rural areas it has still outperformed the other classes including the magic gold returns. I am sure at any time , it will give better returns. But it is only those who wants truck loads of money, and who has plenty of time to wait and enjoy. If you are like day trader, please be away from it.
Yes, it is always a good time to invest in real estate, you need to be realistic in your expectations and should have set goals and budgets. This is an investment which will always give returns, one needs to be patient though.