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What if the builder disappears?  The biggest risk of investing in real estate

Apr 28, 2015

What if the builder disappears? The biggest risk of investing in real estate

In India, home loans are recourse loans. This means that the banks can come after other assets of the borrower. Hence, walking away from the home loan is a bad idea, even in a situation like this. Further, any default would be reflected on the CIBIL database, leading to the home loan borrowers being deemed unworthy of credit in the years to come. #builder #Real estate #Ponzi Schemes #Real Estate Bill
Don't be a mug: Real estate is not investment, and certainly not at this point

Apr 27, 2015

Don't be a mug: Real estate is not investment, and certainly not at this point

Builders are using all tricks in the book to entice people to buy property. Unless you need a house to live in and can afford it, you should avoid buying property for investment. #Real Estate in Mumbai #Unsold Flats #Mumbai Property Slump #Delhi NCR Property Prices
With no sales in Mumbai, builders are using these schemes to lure fence-sitters

Apr 27, 2015

With no sales in Mumbai, builders are using these schemes to lure fence-sitters

In response to the unrelenting sluggishness in the market, Mumbais developers have been offering various schemes to entice fence-sitters; at a recently-held property exhibition in Mumbai, such schemes were very much in evidence. #Mumbai #property #realty #Mumbai Real Estate #discount schemes
Scrapping of Mumbai DP 2034 will hit new housing supply, buyers must hold tight

Apr 23, 2015

Scrapping of Mumbai DP 2034 will hit new housing supply, buyers must hold tight

The Maharashtra government's move to scrap the draft development plan 2034 for Mumbai is likely to hit supply of new housing projects and help in clearing existing unsold houses in the city to some extent. Moreover, deals for land parcels, redevelopment projects and private equity transactions for financing housing projects in Mumbai will get stuck due to lack of clarity on the city's proposed development plan. #Housing #Mumbai Real Estate #Devendra Fadnavis #Urbn housing #Nardeco #Mumbai Depelopment Plan
Tall task? Maharashtra needs a whopping $200 bn to set up affordable houses

Apr 23, 2015

Tall task? Maharashtra needs a whopping $200 bn to set up affordable houses

The KPMG report published on Tuesday found that, in urban areas alone, Maharashtra would need 5 million new homes by 2022 #KPMG #Mumbai Real Estate #Affordable housing #Real estate prices #Subhash Desai

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Thane Don't believe glossy real estate ads, this city is no escape from Mumbai

Jul 30, 2014

Thane Don't believe glossy real estate ads, this city is no escape from Mumbai

Thane suffers from a highly politicised municipal governance that is ineffective -- its green cover claims are dubious, it has no idea how to deal with the fastest growing population and its infrastructure is crumbling. #Thane #InMyOpinion #Mumbai #Infrastructure #Governance #realty #stray dogs #Transport #Real estate prices #Trees #Green Cover #Mumbai Metropolitan Region
A house for Mr Arvind Kejriwal Why Delhi won't have him as a tenant

Jun 24, 2014

A house for Mr Arvind Kejriwal Why Delhi won't have him as a tenant

Arvind Kejriwal is out to tackle the countys biggest problems law and order to corruption, peoples participation in decision making to housing but he is apparently facing a huge personal issue. No one is willing to give him a house on rent in Delhi. Unless he has one, he cannot vacate the Tilak Lane residence which he had got on becoming Delhis chief minister. #Delhi #Arvind Kejriwal #Kejriwal #Delhi real estate #Kejriwal's home in Delhi #No house for Kejriwal