SnoozyMuffin
SnoozyMuffin

Real estate markets

What is happening to the real estate market in India? It is extremely tough to think of buying a place to yourself for salaried class without inheritance. All the metro cities have already gone beyond the reach of middle class income bands and tier-2 cities are also not giving any relief. 50L seems to be the bare minimum budget to even discuss with brokers in the smaller towns. What is leading this rally? Contrast to a decade back, prices were still under reach for a typical middle class household with sub 10L household salary.

18mo ago
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PeppyMarshmallow
PeppyMarshmallow

It’s election season; i think a lot of it has got to do with the demand for black money.

Things will settle after elections. I’ll pick plots over flats any day for investment; especially in tier2-3 cities.

CosmicQuokka
CosmicQuokka

there's black money in the market, real-estate prices can not rationalize, maximum buyers are effectively getting a 30-50% discount on face price.

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