Indian Real Estate Forum - www.indianrealestateforum.com - View Single Post - Parking areas cannot be sold as flats or garages: SC

pcpune · 02-09-10

Some builders and most builders in Pune are smart enough to ask people for Parking money in CASH. This is the reason I was saying earlier - the cost of owning a property today is as high as 30-40%, doesnt really make sense when mutual funds can be owned at paltry 2%.

It is like the "ON" you pay on the cars, if you are desperate - but my question is - WHY ARE PEOPLE SO DESPERATE ---

they are ready to pay cash as well ?

Phew !

02-09-10	#4
pcpune Veteran Member Join Date: Nov 2009 Posts: 1,304 My Mood: Thanks: 0 Thanked 20 Times in 5 Posts	Some builders and most builders in Pune are smart enough to ask people for Parking money in CASH. This is the reason I was saying earlier - the cost of owning a property today is as high as 30-40%, doesnt really make sense when mutual funds can be owned at paltry 2%. It is like the "ON" you pay on the cars, if you are desperate - but my question is - WHY ARE PEOPLE SO DESPERATE --- they are ready to pay cash as well ? Phew !