The assumption is wrong and I it can be expected that real estate prices will go up by atleaset 7% annualy. Even it this case the prices will go up to RS 2.32 crores in 20 years for a 6 Lac flat currently.
Also the the rents will increase by 10% say for next ten years annually given indian economy is growing and then by 8%, so a rent of 2.64 lcas (RS 22000 monthly) will be payable for the falt will become 11.10 Lcas in next 20 years.
|