Of course real estate is a great investment. If your grandfather or father had done it. Got delivery of the flat and given it to you… However, when you do it, you need to know where to buy, whether it is a good builder, does the builder have connections to the underworld, will he give […]
Of course there is no Real Estate bubble in India. This is what the builders, the govt of India, RBI, the Chairman of the biggest housing finance company / bank all of them tell us. Why do they tell us? Because if suppose property prices fall 40% in Mumbai….what happens to the balance sheets of […]
It was in the year 200x that you took a Rs. 40,00,000 housing loan. Now 5 years later you are very comfortable with the Rs. 40,000 per month EMI that you are paying. You and your wife find that you can easily increase the EMI to Rs. 50,000 without a sweat. Should you increase the […]
Many of my clients have a problem which they think is unique. This problem is called “Anchoring”. It means you have heard (or seen) about transactions which have happened at a particular price, then they expect that price for their real estate. Let me explain. I have an office space in Mumbai bought for Rs. […]
First the warning: this is an attempted humor column, please do not take this seriously…… Once upon a time there was a real estate regulator ….and well he did not have much to do. Before becoming the head regulator he was Executive Director of a very big builder – and he was handling compliance and […]
Now that people have postponed their foreign trips, they all want to buy a house…. Let us see if you can afford a house: – can you afford to pay at least 40% of the cost of the house as a down payment? – can you afford to pay the EMI on just ONE salary […]
In 2003 a young MBA joined a big bank…..and when he joined there was a big cabin which was kept vacant. When he asked he was told ‘Mr. Risk’ sits there, he has gone on leave. The whole of 2003 that cabin remained unoccupied. So our hero did not see Mr. Risk for the whole […]