Wednesday, September 5, 2007

Roti or Kapada or Makaan

Phew, the way land prices are rising in Mumbai, its really going to be a choice between the three. Property Prices are now reaching three times compared to what they were three years ago. And along with rising home rates, things only get worse for the middle class. Its boom time for the realty corporates, banks, developers, and a debt trap for the middle class. The million dollar question is should people still adopt a wait and watch policy for buying a property. I believe a lot of FDI has already been pumped in buying land at astronomical rates. Property Prices would nowhere come down to their original levels although there might only be a 10% correction. Looking for a affordable apartment in the city ? Dhond Te Reh Jaoge !!

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