Folks .. when will we learn .. this is just reverse psychology .. soon the agent will call you with a price of 6000 and you will bite thinking it to be a bargain from 6300
My advise to all .. please stop visiting these estate agents and builders for six months .. only then will the rates go down .. peek into the psyche of the builders .. they had a pretty good thing going making 500-600% margins .. do you htink they will give up so easily?? every single visit to the site tells the builder that there is demand in the market that he can convert in to a sale .. and then we all come back frustrated that the rates are not falling and crib on these forums .. how will the rates fall if we keep going back?? what is the incentive for the builder lobby to reduce rates when there are people knocking on his door day in and day out??
Have some common sense people .. either stop going to the builder or just pay up and shut up (and enslave yourself the rest of your lives to pay off these EMIs) .. your fence sitting is just making things difficult for the rest of us.
Btw .. just to share a data point .. Apartments in Mumbai, Delhi are much more expensive that those even in London and NewYork; and our incomes are nowhere close .. 200K USD will get you a more than decent 3 bedroom co-op in the US .. try getting something similar for Rs.1 Cr in Mumbai or Delhi .. you'd be surprised how far you would land up in
Btw .. Nileshdias .. nothing personal
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