Quote:
Originally Posted by geeee
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.
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looks like you just got out of college and that reflect in the way you put things .I for one do not want to government to help me but they can have certain guidelines and the builders should follow it , just as in any other countries the market is not controlled by the government there are laws just like any tom dick harry cannot be a real estate agent . here in India everybody is a real estate agent including the shopkeeper , the rikshawala you name it and they are part time agents , assuming everybody is doing that for profit the actual seller is lost in a sea of agents . The governments job is regulate the market if they have given permission to a builder only then can start a project what about water and electricity connection (infrastructure) all this should be clear black and white .