‘More expensive than us, Europe’: hyperinflation of the “hyperinflation” in real estate in India

Yoghen Shah, Destor of Proof Proof to Petrufu, bear prices of Esace pricing Indics, question because there was no run to run. In a post LinkedIn, start the fourth at Indians in those in the United States and Europe, accuracy of the Bork’s contrast.

Shah mentioned a recent example of a friend who bought a 1,100 sq. Ft. Apartment with three bedrooms in a mumbai subbords for ₹ 3.5 crore. “How do they fit 3 br in 1,100 is beyond my imagination,” he remarked, calling the indian real summer “hyperinfated.” Attributed this for “black money of corrupting earnings.”

Express the frustration on the financial discovery in other transactions, Shah signaled the lack of tight checks in real estate deals. “For real estate, there are no tighten requirements. You can purchase the property in different family names – who are not even earnings.” interrupted.

Shah also pulled a comparison with the stock bag, stressing that real estate prices did not correct the environmental and infrastructure problems. “In the bury, prices reflect a business performance, don’t pass by change, with air quality, contamination, less than traffic 🙃,” wrote.

The rolling his argument with economic data, shah noted “, the US GDP is of $ 7 Trillion. For 60,000 for ANNUX, as long as it is a little $ 2500. This is surprising.” Concluding his place, stated: “I don’t do:” I don’t mix my money in Indian real estate, different primary residence. Are you? ‘

The post debate rapidly, with voice-voice users in the pricing inflated property and the allegate handling.

A user criticated the state of urban infrasting, “I also don’t think of the property that are more places, the acts, and powerful water last 3-4 hours in the summer . The prices are through the roof! Who is of control and handling this market? God only knows! ”

Another evasive evasive evasion evasion, “cargoes have created a parallel system to evade rates. Almost all residential plans are sold to the exchange value,.”

Some users of the politics of the suggested policy to bend the investment driving inflation. “We have to limit as a real property can be purchased in a city. Investors with the actual boughtors had to register on aadhaar”, a proposed user.

Another user called a narrow regulations on property ownership. “The government must be able to curb the unnamed properties. ‘The property is only recorded in the name of the verifiable verifiable. EMPOWERMENT Women are incorrectly in such office, and refunds to revoked. ”

However, not everyone shares the skepticism. A comment indicated a strong semand in the luxury market, say: Gurgaon saw, real women. The winter’s rek industry is of all the luxuries nearby amenities. With the incombs of raising and easy funding, workplace is still the largest piece of house. ‘