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pmpvip · 11-10-09

I dont understand why property prices are so inlated in Ahmedabad and in general in India.

Looking to the average earning of the person no common man buy even a two bed room apartment at its current prices.

Is it all artificial prices in the real estate like stock market? I had seen person buy house in 10 Lakh a year or two back and then now he tells it worth 20 lakh. I can not understand any logic behind such prices in the AHMEDABAD unless money start growing on TREE overnite.

So do any of yoy think all this is a ARTIFICIAL BUBBLE generated by few rich and influencial peoples and builders, which has no connection to COMMON MAN's income or resources in AHMEDABAD?

Is this bubble of ARTIFICIAL REAL ESTATE PRICES will brust?

even with income from countries like US and UK some peoples when they come to INDIA get shocked with prices of properties and they tell that they can not afford to buy a house in ahmedabad/ india in general. So how a local person which not even earn RS 25000/- PM on average can afford to buy 25-50 lack flats and apartments and how long such high prices of property which are too high for common man can ge sustained?

11-10-09	#1
pmpvip New Member Join Date: Oct 2009 Posts: 5 Thanks: 0 Thanked 0 Times in 0 Posts	Why so Inflated prices in AHMEDABAD? I dont understand why property prices are so inlated in Ahmedabad and in general in India. Looking to the average earning of the person no common man buy even a two bed room apartment at its current prices. Is it all artificial prices in the real estate like stock market? I had seen person buy house in 10 Lakh a year or two back and then now he tells it worth 20 lakh. I can not understand any logic behind such prices in the AHMEDABAD unless money start growing on TREE overnite. So do any of yoy think all this is a ARTIFICIAL BUBBLE generated by few rich and influencial peoples and builders, which has no connection to COMMON MAN's income or resources in AHMEDABAD? Is this bubble of ARTIFICIAL REAL ESTATE PRICES will brust? even with income from countries like US and UK some peoples when they come to INDIA get shocked with prices of properties and they tell that they can not afford to buy a house in ahmedabad/ india in general. So how a local person which not even earn RS 25000/- PM on average can afford to buy 25-50 lack flats and apartments and how long such high prices of property which are too high for common man can ge sustained?