Property Prices In India

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Esha

New Member
In India value of two things are always on the increase. One is gold and the other is Real Estate Prices In India. Property prices never depreciates in India. Property in India purchased at a particular price will escalate many times if the same land is sold at a later time. Thus the value of Property or Land always appreciates where as the value of tangible assets suffer from wear and tear and thus suffer from depreciation.

The primary reason for rise in Property prices in India is that the availability of land is always limited and fixed. One can not increase or decrease the area of a plot owned by him. So supply of land is fixed but the demand for the same is ever increasing. With increase in population growth and purchasing power the demand for land is increasing at a very disproportionate rate. It has become a very lucrative business to sell land at a very high price and the demand is so high because of its restricted availability there is no shortage of buyers. This more noticeable in urban areas because in India, people are increasingly flocking in cities in search of employment, education and economic upliftment and the supply of land being fixed price escalation of real estates are a reality.

In India Real Estate Developers , Promoters, Property builders , Property Dealers and building contractors are taking advantage of the situation and exploiting the innocent Indian People. Promoting has become a nasty business in the country. It has made the land owners unscrupulous and greedy and they are fetching more than enough returns. Another bad feature of this business is evasion of tax by the real estate owners and brokers. Quite a few of them have acquired more wealth than their requirement and yet not contributing anything to the national exchequer. These brands of business man are a menace to the society and stricter laws need to be framed to bring them into books. Imposing restriction in real estate by legislation seems to be the real solution.
 
India Property Prices Rising

This is a big truth that real estate is on a high time rise today in India and is still rising to a big.

Esha, I really agree with your reasons for the Real estate price rise here. Definitely the increase in population is one of the main reasons for same as number of buyers and their demand for land is increasing day by day whereas the availability of land is very restricted. This imbalance between the demand for land and supply (availability) of land has led a great hand to the all-time high Real estate Prices in India today. Even Property prices in Delhi is rising Day by Day.
 
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these days real estate has brought itself into prominence as the prices of the lands are soaring high. recently in a news they showed that the prices of an area in delhi are ought to be become double. it has become out of bounds for the poor and middle sections of society to dream of owning a home. government should device some strategies to allot homes to everyone.
 
the property prices are soaring and have reached sky high, out of reach of common man. Cant the government do nothing about this situation as it is growing grim and people have lost their faith in the government as their dreams of owning a home have been crushed under the heavy prices of homes.
 
The property prices in india are rising high. especially the places like Delhi, Mumbai and Pune the price of the property are going extremely high and increasing day by day. You can purchase any property in NCR and you will get the double money in return in just few days time. People are taking it as a business and dealing in huge property.
 
Property prices are rising like anything in india. More than anything else if something is rising then its the price of the property and it cannot go waste even if you buy a piece of cake land. india is producing gold again with the land rates. The rising property rates in Delhi and other NCR areas are going to reach sky heights soon.
 
property prices are sky rocketing as India is moving towards development. people of middle class are finding it difficult to dream of even buying a home for themselves. the situation is pretty grim in big cities where the prices are beyond reach of common man. i think its only real estate business men benefiting from such a price rise.
 
Property is teh best investment today . Many people have become rich and have build their own houses in a few years time just by dealing in property business. They purchase and sell property and earn a hell lot of amount through this. It has become a lucrative profession for those people who want to earn money as fast as they can.
 
The rates of property are rising high due to the lack of the land available in NCR and other parts of the country. This rise gives a good business to the property dealers and the people who are in to the construction business. This rise also giving good remuneration to those people who are taking it is a good business prospects and plunging in to the business of buying and selling of the property. It can fetch them good money in few months.
 
With this year census report we added another Brazil to our population however this increase in pace of population is nowhere in competition with rise in infrastructure facilities. thus, this uneven demand and supply led to the price rise in real estate sector.
 
I have just come across the NCR prices as I wanted to buy a house in indrapuram. I was shocked after hearing the rates though. Few days back I asked the rates of the same house it was around 22.5 lakhs but when I asked again the rates of the same house it reached up to 30.5 lakhs. The price of the property are soaring high and with the high price people are getting in to this business and earning like anything.
 
The priceof property is rising at a great speed in india. People are becoming richer day by day by buying and selling property especially in NCR and metro cities. No one would have thought that the priiceof property would go that high in NCR places such as Gurgaon, Greater Noida and Delhi. It is due to the educational migration of students and people to the capital city from various other parts of the nation that is giving boost to the property rise. Which is indeed a good business for people.
 
Gurgoan is one of the costliest place in Asia in terms of real estate. Likewise the property prices of not only the metros are rising but even developing cities like Jaipur, Guwahati, Vizag are witnessing the hikes. I think government must take some measures to provide the common man some relief from these high prices by reducing either the taxes or providing some concession based on financial status of the family.
 
Real estate is at boom in India. People are spending money like anything for real estate. But only problem is the tracking of asset. Both for individual and business asset tracking is a really big issue.
 
The prices of property are rising at a great speed in India especially the places of NCR and metro cities. One can search cheap properties and buy them anytime as the price of property are soaring high and it will become difficult for middle class people to make their own house at such high rates. So it is always advisable to buy property at right time and at right place as the price will only go up and it will not decrease.
 
@sweetangel: Quite right. In India, more than half of population don't have their own house. Singapore, who was a poor country than in India till 80s shows a great promise in this field and today 80% of people have their own homes. Politicians are the main reason for this. Just now we have seen Adarsh scam. Ministers don't allow home facility to reach lower and middle class people.

So many good projects are there in India, like awaas yojna and all, but just because of illiteracy people are unable to identify their rights and ministers take advantage of this.

This can only be solved when a group of honest officers are allowed to take charge of these projects rather than corrupt ministers.
 
I guess people are more busy in earning their livings rather than get time to purchase a property for themselves. Though it is a good thing but a middle class man cannot afford such high rates of property so he does not think about the same as he has to fulfill his basic requirements. The rates of property are rising high at a fast pace and even if people want to buy a house they can only dream about it!
 
Economist said:
I guess people are more busy in earning their livings rather than get time to purchase a property for themselves. Though it is a good thing but a middle class man cannot afford such high rates of property so he does not think about the same as he has to fulfill his basic requirements. The rates of property are rising high at a fast pace and even if people want to buy a house they can only dream about it!
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A house is included in a basic need. One of the main reason for high rental properties is corruption at the minister level. Not only middle class people, but even poor people have the right for better living facilities, better education facilities and better lifestyle.
 
@livelyfire: You are talking about the poor people living a good lifestyle, better education and better living facilities but how will they remain and fall in the category of poor when they will live up the expectations of a better lifestyle. They will be no more a poor and will become middle class or a high class people. Poor people need food, shelter and clothes to survive and this is the thing for which they live. Education, property, and other amenities they hardly bother. These people are not at all bothered about the property prices as they are busy in earning their bread and butter.
 
@sweetangel: It doesn't matter people are poor or rich. Roti, Clothes and Home are their rights. I am not talking about buying real estate by poor. But they must have a shelter. And education is the only thing by which they can survive. I just admire the education policy of Bihar Govt. Many kids from poor families and girls are started going to school.
 
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