Indian Real Estate Part 2

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This is continuation of Indian Real estate posted on April 30 2008 ( Indian Real Estate Part 1 ).

The latest data shows the median US home price is $200,000. This is about Rs. 84 lakhs. Note that these US homes are independent houses, not apartments and the surrounding infrastructure is excellent (roads, power, water). Now compare this with the inflated apartment prices here, with no roads, water or power and tell me, who will buy apartments here?Secondly the present GDP growth in India may be around 8% and the retail (not WPI) inflation may be 12% (just wait till the high diesel prices seep through the economy). This means that far from growing the Indian economy is SHRINKING (GDP -Inflation).Now analyse this economy and the real estate prices based on this and draw your own conclusions.Cheers!.

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