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pmpvip · 13-03-10

Real estate prices in India are totally illogical to understand, when compared to average family earnineyg per annum.

How a common man/family who may be earning 2-3 lac ruppees per year can afford a house or flat with 25-50 lakh in any are of ahmedabad.

Even being NRI I can not think of affording such high priced, very poor quality construction which also have several other legal problems.

Do you guyes think it will come down that in California etc. where they were overly inflated before and way beyond local family incomes.

We understand India has high population but still over all population except for 10-20 % upper middle class does not earn beyond 2-3 lacs per year.

If you think prices might fall, how long it will take befor it should fall.

I dont think there is so much industrial growth in India so that prices DOUBLE every two/three years in the real estate?

13-03-10	#8
pmpvip New Member Join Date: Oct 2009 Posts: 5 Thanks: 0 Thanked 0 Times in 0 Posts	Its totallt illogical when compared to local income Real estate prices in India are totally illogical to understand, when compared to average family earnineyg per annum. How a common man/family who may be earning 2-3 lac ruppees per year can afford a house or flat with 25-50 lakh in any are of ahmedabad. Even being NRI I can not think of affording such high priced, very poor quality construction which also have several other legal problems. Do you guyes think it will come down that in California etc. where they were overly inflated before and way beyond local family incomes. We understand India has high population but still over all population except for 10-20 % upper middle class does not earn beyond 2-3 lacs per year. If you think prices might fall, how long it will take befor it should fall. I dont think there is so much industrial growth in India so that prices DOUBLE every two/three years in the real estate?