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What Are The Plot Rates in Sector 45, 46, and 47 in Gurgaon? | 78 comments (78 topical, 0 hidden)

Advice from Knightrider (none / 0) (#76)
by babu bhai on Thu May 08, 2008 at 04:02:24 AM EST

In the present situation in Gurgaon this is the reality of the real estate! You can neither sell nor buy. This is a jolt for the property owner than the potential buyer! Because of the liquidity crisis which is going to catch up soon in the form of Indian version of Sub-Prime!!!! Normal human beings in this country(like me who earn less 3lacs/annum) simply can not afford a loan of beyond 10-15 Lakhs. Anything about 20-30 Lakhs is very risky specially when the job is not very secure. The economy will not always on the growth path for the next 20 years time frame.
how to plan for a small decent house(enduse)in Gurgaon region.
Prelaunch projects are not for people like us.i saw many people lost their hardearned money in those prelaunch.how much price(after all correction) we can expect for a small 700-800Sqft ready to move apartment in gurgaon area

Knightrider your advice

[ Parent ]

: no easy answer (none / 0) (#78)
by knightrider on Sat May 10, 2008 at 11:24:44 AM EST

babubhai,
the real issue is raising your income by maybe starting a side business or activity. If you can, then save some money and invest it in blue chip shares like reliance/infosys when the market crashes and hold them for atleast 10 years. Please do not buy anything when the news is that the sensex has gone up by so many points etc.
Small plots/flats are available in 10-15 lakhs range in dharuhera,bhiwadi,jaipur even some areas in delhi like bindapur/khanpur etc. Unfortunately it might be tough to get loans for these properties. People are trying to change the scenario by building Special residential zones but all this is in the future. Until then, build wealth, increase income, be positive..
Also consider new areas for employment..for example salaries are skyrocketing in new areas like rudrapur while flats are going quite cheap in that area. Similary in dahej/anjar areas of gujrat..fantastic salaries, low living costs, low housing costs..
save first for your home rather than taking a loan for it. I know its easier said than done..so best of luck in whatever you decide!

[ Parent ]
: rent (none / 0) (#77)
by bitseee on Fri May 09, 2008 at 09:40:06 PM EST

stay on rent dude

[ Parent ]

What Are The Plot Rates in Sector 45, 46, and 47 in Gurgaon? | 78 comments (78 topical, 0 hidden)

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