Tuesday, January 17, 2012

Optimism vs. Blindness - Indian Real Estate Forum - www.indianrealestateforum.com

Optimism vs. Blindness - Indian Real Estate Forum - www.indianrealestateforum.com:

Buy property anywhere, at any price, and it will go up. Is this blindness or optimism? Why are people still keeping money in PF, mutual funds, stocks and shares, FD, debentures etc. Invest in property and it will double in two years. You want any proof - ask Mohan, ask Radha , ask Santokh, ask Renu. Otherwis ask your neighbor , ask your colleague, ask your boss, ask your subordinate .

Foolish are they who put their money for a mere 9.5% in FD, they get only 19% in two years. Also get TDS deducted, so yield is still less. Why don't they invest in property. It will double in two years. Yes sure - ask Rahim , ask Gobind, ask Tara , ask your pan wallah, ask your kaam wali.

Still not convinced - read Amar Ujala - India's most popular newspaper. A lot of positive real estate news links in the entire forum are from Amar Ujala.

Friends don't wait. Time is money. Don't even waste a day. Go and invest in property. If you waste one day, you loose 14 basis point of appreciation. Yes, act now or you will miss the bus. Please act fast. Act smart.

If apartment is not available, go for villa. Or go for floor or plot or lal-dora property. Go friends, go to builders and explore. If apartments are sold, something may be available in pre-launch. If even pre-launch is sold, I very sincerely advise to give cheque of 5 lakhs each to 4-5 'GOOD' builders with a request to consider this money as an advance for their future project.

Come-on, you are still reading this. What I am writing is all trash- hurry up, and go to buy property. In 2 years even a square inch of land in India will not be available. Haven't you heard - they are not making land any more.

Japanese are not buying property, and property price in Japan today is exactly the same as it was 25 YEARS BACK. And Japan's population density is more than India's. But please don't go by this. Haven't I told you that what I am writing is all trash, and you should straight away go and buy property. After all property is life, and life is property. And about Japanese - they are FOOL.

Americans are not buying property. Their earning is 12 times our earning and their house (much better and bigger than ours) cost less than half our houses. So what ? Americans are also fools. In fact bloody fools.

While you read this trash, many good 3BHK flats were sold for as little as 1.5 crores. Some in Mahindra Aura , some in Surindra Laura, and you are still waiting and having alu pakoka.

It is evening now, and prices will be revised tomorrow. Don't have your bed tea tomorrow, and don't waste time going to loo also. Go and buy property. Property is life , and life is property

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