In India’s real estate market, home ownership slides away from reach. From the glossy high on Mumbai to the far-reaching suburb of Bengaluru, prices are balloons-induced swelling demand, increased construction costs and reducing supply. Luxury projects are mushrooms while availability is quickly eroded, leaving mid -range customers. A growing number of citizens are now questioning sustainability – and ethics – on this real estate boom.
A recent announcement by Reddit is stirring the discussion of increased property costs, in particular the directing of Native Native Native Nations, are often considered primary buyers on the market.
“To all NRI, please keep the apartments in Indian big cities for a while. I was checking the costs of housing in Bangalore and Heiderabad. I was surprised to notice that the costs of 3 BCK were about 2-2.5 croa in the exterior of the city (city border).
The sentiment hit a chord with several others, who opposed similar worries about inflated values and infrastructure eroding.
“I’m not rich, but I wanted to buy a small plot in Bengaluru, but looking at prices and decaying infrastructure, I was held yesterday. Yesterday I saw that they eradicated all the old trees of the century, which were as wide as they were 10 meters across the road to expand.
“I was planning to buy one, so I decided to go to Dubai.
A third user pointed to the poor yields of the subway investment. “The best decision I made in the past 5 years is not to invest in real estate in Bangalore. All my partners who invested have net lost money or barely broke even at any property purchased after 21 added inflation. I stay out.
Others pointed out how international comparisons do not tell the whole story. “London, the prices of the Newujork have also risen after Kovid. They are definitely higher than Bangalore/Mumbai/Gurgaon. But your main point is valid. People buy as crazy. Because Trump targets visa carriers, more in the United States.
However, the belief that real estate prices will never seem deeply rooted. “In the last 40 years, real estate prices have almost never dropped. If they went down for a while, it was 10% or stagnant for several years. That’s the unfortunate reality, all because of our growing population and economy. Prices are not justified, but there are people who are ready to pay and hence.”
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