We all need a home and a loan for our home…no? Well, as a matter of fact we all resort to borrowing from legitimate lending institutions such as banks and housing finance companies when we want our ‘dream home’.
I agree that the phrase I just used is hackneyed, but never ever has this phrase sounded so true. The inflation is rising as ever…
To add to the list of woes is the alleged cartelization of the cement and the steel industry….even vitrified tiles! So, well, buying a house without a loan is difficult if not impossible…and yes, the loans provide tax benefits too…
There is one major input for a house which remains a cause of concern constantly…seems since ….land prices. The prices seem to be going vrrrrrrrrrrrrom…higher and higher eternity and higher…
In the last few months we seemed to heave a sight of relief when newspapers and magazines quoted industry experts and analysts saying that that the much awaited price correction in the real estate market had finally come through. Newspapers reports said that real estate prices had fallen by 15-20 per cent compared to the past few years…blah, blah, blah…
But hey wait, the experts also said that luxury housing (whatever it is!) is an emerging trend. Will someone tell me what is this ‘emerging’ concept when buying a house for a common man is a luxury in itself… If you think I am kidding, visit the nearest real estate agent and play house-hunting…just for a first-hand experience you see…
You will wonder why am I whining away…Aren’t these known facts? Someone will also point out to the recent Sixth Pay Commission hike that is due… (peanuts I say!) to the public-sector employees ONLY… Yet another will want to point out that the salary packets that we take home now are heavier courtesy the employment with MNCs…
Gimme a break guys, what hike? Well, what makes me want to write this bit is because of some sign boards I saw…in a faraway place called Vasai…
For those who do not know the geographical location of this suburb (er…hmm?), it’s close to Virar…well after Dahisar. Hm, right, Bassien, Vasai Fort, Former Dutch colony…right…right…
So, well to come back on track, I saw these sign boards of someone called Rashmi Builders (don’t get me wrong, I got nothing against them). The signboards seem to try and justify the hike. What hits hard about the issue is that affordable housing is what is ‘in’, in these areas. It hurts when you have to pay what seems like spending a fortune in buying a place here. Yes, small suburbs beyond, say Borivali, have become really expensive…and now it seems, justifiably so!?
