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Put your money in indian real estate at your peril

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Put your money in indian real estate at your peril

Last updated: January 7 2013
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  • Put your money in indian real estate at your peril


    The latest announcement by the PM that electricity and fuel price have to be increased is a long awaited one. As of now, the quantum of this hike is unknown. But considering it is fuel price hike , you can safely assume that it will be between 15 and 20%.

    Consequently , every commodity and service price of your day-to-day will increase. your grocery bills, your house rent, your kid's school fee, your own expense - every thing will increase in coming weeks.

    And if some analysts are to be believed, the interest rates too will be hiked. So you pay larger EMI for longer period. Because banks like SBI are so exposed to the real estate companies and companies like Kingfisher that they need a miracle to turn around.

    So, it is a good idea to thoroughly evaluate putting money into over inflated real estate of India unless it is for your personal use and you have a pressing need for a own house. Because in coming months things will get only worse.

    It is unthinkable that any one would buy these already over inflated properties as resale in 5 years from now. Those days are way behind us by 10 years ago
    Last edited December 27 2012, 04:45 PM.
  • #2

    #2

    Re : Put your money in indian real estate at your peril

    Hmmm.

    Dar laga diya, aapne. sir ji

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    • #3

      #3

      Re : Put your money in indian real estate at your peril

      Originally posted by planner View Post
      Hmmm.

      Dar laga diya, aapne. sir ji

      Well. If you said that seriously, then yes.

      Actually I toned down it a lot. There will be acute shortage of food and will be starvation deaths - like the case of African countries. In coming days, people will not be able to afford food. There will be riots and crime for food because , natural resources are destroyed and there is no way the agriculture sector can be revived.

      Cost of living will be so high so high that an ordinary man will have to compromise between food and some thing else. Very scary picture. This is not some thing that will happen in 2050. This will happen in the next 10 years.

      The forecast is,economy collapse and entire industry failure. It is because of lack of regulations and overseeing of economy in critical , capital intensive sectors.

      Is you said that to just make fun of me, I have nothing to say.

      You may be knowing , each day we are losing over 200 acres of agriculture land ( food producing land) and population is growing by over 60000/day.

      Rupee will be devalued further because there are no natural resources to back the economy. Natural resources like agricultural land, mines, forests are already destroyed.

      The money we got from world bank went into scams. The wealth generated by the economic liberalization went into real estate. 30 crore INR apartments ? COme one now. In which country do you have a 3 bed room apartments costing 30 crore INR ( almost 5 million USD).
      Last edited December 27 2012, 05:32 PM.

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      • #4

        #4

        Re : Put your money in indian real estate at your peril

        With the increasing cost of living, every ranging from food, clothing, house is going to witness hike in price. However, irrespective of skyrocketed prices, necessities like food and shelter cannot be avoided. In order to get full worth of your hard earned money, property sites like 99 acres play a major role in providing information about hot property in various cities as per your location preference and budget.
        Last edited January 7 2013, 10:52 AM. Reason: word changes

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        • #5

          #5

          Re : Put your money in indian real estate at your peril

          Put your money in indian real estate at your peril

          With the increasing cost of living, every ranging from food, clothing, house is going to witness hike in price. However, irrespective of skyrocketed prices, necessities like food and shelter cannot be avoided. In order to get full worth of your hard earned money, property sites like play a major role in providing information about hot property in various cities as per your location preference and budget.

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