I am convinced that there is a mafia out there of loan givers, steel manufacturers, cement manufacturers, etc. who want you to buy a house. I have been talking to a couple of builders, financers, investors….and frankly not convinced that the real estate market is any where near mouth watering levels. Same is true for […]
I have been hearing from friends about good real estate deals in US and UK. Not that real estate there is a good deal or a bad deal, but when you compare it to Indian prices, it surely looks attractive. It may also be some kind of a protection for people investing only in India. […]
I do not know why you are against real estate Subra! This statement is then followed by the following: 1. See over the last 30 years what fantastic returns I have got! 2. Real estate NEVER goes down unlike share markets. 3. God does not make them anymore 4. Mumbai, it suburbs, Delhi, Bengaluru, NCR, […]
I HAVE BEEN TOLD TO SAY…THIS IS A HYPOTHETICAL EXAMPLE – ANY resemblance of this to the real world should not happen.. Viewer: Sir I have a home loan of Rs. 45 lakhs payable over 20 years at a (floating rate) of 11.75%. A new Aggressive Bank is offering me a New Loan of Rs. […]
Is there any great logic to real estate prices or is it just the land, builders and the bank mafia that is responsible for keeping the prices high? Well let us look at the irrationality. Ahmedabad offers land, people and electricity (the needs for a BPO) at 50% of the prices in Malad or Goregaon. […]
A lot of people who read my blog think I am against real estate. Far from it. I believe a lot of money can be made in real estate – surely greater than gold and debt instruments. Surely less than a nice portfolio of equities. However to make money in real estate the following conditions […]
Well one swallow does not a summer make…nor am I sure about this being a trend…however here it is. Real estate prices in Mumbai have (had) grown far beyond the typical working class person. So much so that real estate replacement price and not the product determines the final selling prices. So if you have […]