This is a very good information towards awareness among the people regarding unlimited price hiking in property market.
This is a very step taken by you.
I hope everyone should read this message and tell to others also
thanks and regards
What a wonderful presentation. It is really very useful to understand the concept of buying a house, taking loan, etc.,
Just a suggestion, you should have posted this topic on General discussion or Day Life section and not in Human Resource management section.
Anyway, Will definitely share this with my colleagues / friends / relatives.
a really great work done by you. Kudos to ur data collection and ur patience covered under the agony behind ur theme. We are all sailing in the same boat and have been victimised at some point or the other. I am from Hyderabad and visibly what u have mentioned has touched my heart. It is the same thing in Hyderabad too.
I would assure dat I spread this msg like wildfire and try to enlighten my friends. Why don't u send the mail to some press channel in anonimity.
Thanks once again.
It is a good PPT on an off-beat topic, and one that should be circulated among professionals.
The core suggestion - not to buy any flat/property for one year will bring down the prices, is very sound as it is a well known fact that the Realty Sector is the most un-regulated and exploitative.
There is a talk of having a Regulator and having real estate norms as in U.S.
However, one must also keep in mind the fact in terms of Economics and the Price Elasticity of Demand. The demand for housing has become inelastic like the other necessities of life such as food, electricity, transportation etc. At times, it may act as Veblen and Giffen goods - the more the prices, there is more demand as people perceive it as becoming scarce. This is the reason Real Estate agencies try to 'persuade' buyers by saying - "One should buy it because it (land) is no longer being made."
Under such circumstances, it is unlikely that rational thought will prevail among buyers.