Quote:
Originally Posted by aragorn
The realty bubble is just hyped and it will also go the way soon...the builders are greedy and the unorganised nature of this sector is a major aid to them. Why can't the govt step in and create statutory guidelines with respect to how area/ floor space should be calculated, charges that can be levied and clear information available to buyers in terms of facilities and amenities. I guess the only transparency available to the buyer right now is what lies beneath when they sell their clothes to pay home loans.  |
It's a fr33 market. The builder is fr33 to quote whatever price he likes and the buyer is fr33 to walk away if he doesn't like the price. Why should the government step in ? That's how real estate works almost everywhere and that's how it should and will work in India. If you can't afford to buy a house, too bad for you. If your convinced its a bubble then stick to your conviction and wait for the bubble to burst. Real Estate bubbles have existed in the past and will continue to exist in the future, the government has no role in identifying them and correcting them.