Thursday, 21 June 2007
REEL ESTATE !?!
An average Indians big dream today is to own their own house...from a match box apartment to a palatial bungalow, it varies from person to person. Everyone just need their own shade n shelter. A couple of years back i saw flashy advertisements from the nationalised banks to the private banks chasing the customers to provide them the loans to build their dream house. The Real estate got up from its deep slumber to cash the dreams of the average Indian.The MNCs , Software Parks, Slimy brokers, Raising cost of materials and increasing bank interest had made the dreams to remain just as dreams.I tried to sneak into the real estate to gain the first hand information and found it to be shocking.A double bed room flat 900 sq.ft was quoted 75 lakhs not in mumbai...it is down south,yup..Coimbatore. With some predictions and media hype every single space of Coimbatore is quoted at an exorbitant price. The costs are sky rocketing and the real estate has turned out into REEL ESTATE.I hope in the next election the focal point of the campaigning for many political parties is to bring down the land/flat prices or are we going to be offered free flats.Waiting for the bubble to burst. Wish to have your views towards REAL ESTATE.
Posted by KKR INSIGHTS at 10:17 2 comments
Labels: Apartments, Real Estate, Shelter