Quote:
Originally Posted by jadhav_ravi
Before advising others make sure you know your basics. Maybe listening to your advice, many people who would have been able to get on the housing ladder would be left out forever.
.gif "Bab (59)") |
Mr. Ravi, i know the basic very well and my advice has a strong basis and the basis are.
1. The present price is absurd not in line with the purchasing power of the people.
2. There are huge amount of debt in the book of the builders. Rs. 90,000 crs from bank only as per RBI.
3. The debt restructuring is happened last year ( blessing from our great politician Community).
4. There are huge debt from PE investor(FDI money). How long they can sustain given the economic situation in their home country?
5. There are hadly any transuction from real user. In my sphear i have not come accross many people who has comitted to buy any RE in last two year. However there are lot many intended buyer and each earning a take home salary to the tune of 20 lacs and more.
Now may i ask you, what is your basis that the price will increase further.