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atyagi73 said:Thsi si not a good news for people like me who are planning to buy an apartment. Should I wait ?
It is same trend anywhere you go, even in the remote areas. Price have gone up atleast 4-5 times in last 3 years. Foreign investment is eating it up.mariner555 said:Tyagi,
it depends on where you want to buy and what the current price is. I think there is definitely a bubble in bangalore ..you need to see long term prospects, cost of house in relation to salaries ..in other words can an average person afford it now ..if yes, then you should go ahead ..for eg ..from what I hear it costs 65 lakhs (indian rupees) to buy in bangalore ..can a average programmer afford it ..(maybe yes, but it would eat up all his savings) ..long term bangalore may decline since other places (pune etc ) are coming up
Ironically many people of this forum talk about going back to India. Maybe you can not afford it there anymore, it would be better if you buy something in here.atyagi73 said:I was planning to buy around Delhi(like in Gr Noida/Gurgaon). Now I am thinking again about it. It is ridiculously costly. A decent 3BHK apartment is above 5 million INR. Is it worth it ?
GaramChai2go said:Ironically many people of this forum talk about going back to India. Maybe you can not afford it there anymore, it would be better if you buy something in here.
Think about it. Same 3BHK which used to cost 15 lacs 4 years ago , now it requires 50 lakhs. Means whatever your earned in last 3-4 years will go in that appartment. Instead We should have stayed there and bought that apartment.
Probably they mean Non-reliable indians.AAA_USA said:Whenever I talk to my friends in india as to who is having that much amount of money to buy properties at this exorbitant price, they say "NRI's"
Do you guys agree? That is a very consistent answer I get from all of the friends.
Just how long would you think, it is still a good buy in Hyderabad outskirts?
One thing I have been reading. It is not NRI, but it is still foreign investments.GaramChai2go said:Probably they mean Non-reliable indians.
GaramChai2go said:Probably they mean Non-reliable indians.