It is amazing that financial services – mutual funds, life insurance and banking are seen as villians in terms of charges in a country which has so many real estate deals!
Who can become a builder, who can become a broker, how much brokerage to charge, should prices be quoted for built up, super built up….NOTHING [...]
Should I buy real estate now – now that the market is down or wait for it to get lower? This is a question that everybody seems to be asking. Frankly I do not know.
A classmate (Prakash) and I have been having a disagreement about the direction of the housing market.
He calls real estate “the [...]
Many people who read my blog ask me one question. Am I against real estate investing? The answer is NO. It is a capital NO font size 72 dark, bold, …what ever else you want.
However the common man – or most of the people whom I meet are so poorly equipped to deal with the [...]
How many of you have grudged your friends who say “My father had bought a flat in Santacruz for Rs. 200,000 in 1977, now it is worth Rs. 20,000,000” – surely you felt pangs of jealousy did you not?
Did you think…if I had this I could have retired instead of suffering this boss? You bet!
Did [...]
It is amazing that strategies which looked very smart in a bull market can make you look very foolish in a bear market. One ‘house marketing’ company based in the suburbs of Mumbai had a big team to sell ’second homes’. Obviously the team included marketing people, branding, sales, call centre…etc. These were people who [...]
A few days ago India’s largest bank dropped its interest rates on home loans to 8%. This is nothing short of sensational – considering that at the same time one of the top Indian groups (let us say Bluest of Blue) are willing to borrow in the same market at 12% per annum!
However, I have [...]