Is there any great logic to real estate prices or is it just the land, builders and the bank mafia that is responsible for keeping the prices high? Well let us look at the irrationality. Ahmedabad offers land, people and electricity (the needs for a BPO) at 50% of the prices in Malad or Goregaon. […]
Many of us cannot resist that extra sweet…or that fried stuff. Well 30 seconds of pleasure on the tongue…then 30 years on the waist! How come we seek such short term pleasure in whatever we do? Why does short term trading seem more attractive vs. the long term investing, dividend yield, value investing…well I have […]
Why is Navi Mumbai real estate so expensive? Or is it correctly priced? Well answers are difficult to get. A decent 2 bedroom apartment costs upward of @Rs One crore. Even for a professional who has a nice starting salary of say Rs. 500,000 gross income (per annum) the cost of a flat is about […]
If you have followed my posts regularly you would have seen my posting regarding owning or renting your house..to which I have received violent protests. Here I am replying to the protests… “Own houses can be bigger than rented ones.” That is funny. You can rent a bigger apartment can you not? Most renters live […]
I live in Navi Mumbai (New Bombay) where the rules of the game are different for day to day living. I may sound a little like Raj Thakrey if I said this place has a more North Indian culture than a ‘amchi’ Mumbai culture (where I lived for 42 years before shifting to NM). Mumbai […]
The last 30 hours have been overwhelming. Sitting in Navi Mumbai, I feel safe at having escaped this dastardly attack. It soon struck me that I am safe but only until the next attack. I was wondering whether we have got so indifferent to pain that we might end up saying “Oh, the terrorists have […]
What a true statement! Just remove real estate and replace it with “oil”, “gold” or “shares of Hdfc” – it does not matter. Asset prices fluctuate and is determined by demand and supply. Only thing is that this is a true statement – however the following conditions have to exist. 1. Uniformity of the asset […]