The Real Estate-BOOOOOOOOM

For over a couple of decades, the echo of the word "Real Estate" is very louder. Where ever you go, you can find advertisements of properties by the promoters or builders, but what made the real estate, a real booooom? The answer is spelt out as simple as from even the layman “IT industry”. The biggest driver of real estate office market is the booming IT and ITeS segment.

May be that is true!

People say the IT professionals are well paid, this in turn is allowing the real estate to grow a lot, but in the race the one who is affected are the normal citizens. Each and every commodity price is increasing b’coz of this.We get junks of mails regarding this topic, the basic subject being please stop getting involved in real estate. But is that possible in the current trend. The answer is definitely a big "NO".Infact everyone are trying to compete with the other in getting the lands/houses.

The promoters these days need not really go in for advertising as such, they are in fact on the demanding front. The give less than few hours for us to take a decision on the things which we are planning to buy. People are in a fear whether they will not be getting a plot they long for, since the competition is too high.But to my knowledge this is the time for each of us to think and act. The raise in the interest rate offered by the banks for the loans which we are taking is unpredictable. It is increasing each and every day. The rates fixed by the promoters is unbelievable ,when are they going to give full stop on this increase.

May be "Sky is the limit for them ,yes the estate boom is for real".Hope the returns from real estate investment will be among the highest in the world.

Please do have an eye on this…Be Alert & Cautious !!!