Realty prices have
skyrocketed, and even if the real estate market is down, there is no sign of
rate reduction. Resulting in thousands of flats lying vacant n not being sold.
People living in 1 BHK flat
want to move to 2 BHK and people living in 2 BHK want to move to 3 BHK. The
beauty is that, for example, a new 2 BHK flat is available at Rs.1.5 Crore. So,
1 BHK flat owners reserve their selling price at @Rs,1 Crore, calculation being
1 Cr selling price, plus loan of say 40 Lac plus
sundry savings @10-12 Lac to reach magic figure of 1.5 Crore!! And these people
are not ready to sell it for let's say 85-90 Lac, as whole imaginary
calculation goes phut!
This is having a cascading effect.
Flats are NOT getting sold!
---
मिलिंद काळे, 11th
October 2015
No comments:
Post a Comment